Master Your Business Finances: Your Financial Road Map To Success PART 2

Master Your Business Finances: Your Financial Road Map To Success PART 2

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This class is designed for business professionals who are interested in mastering their business finances. The class will help you gain a better understanding of the things you need to do and know when you either start a business or if you are currently in business but still need business financial help.

By the end of the third day of the class, you will have a much clear understanding of your business finances and a clear plan on how to reach your goal(s).


Class Goals


Students that complete this class will successfully be able to maintain their own financial records with simplicity and ease. Students will leave this class with free access to several tools that will guide you to your business’s financial success. You will always be ready for tax season because your income and expenses will be tracked and sorted all year round (if you follow my plan). The goal is to simplify your business’s financial processes so you can focus on the operations of your business.

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GEARING UP FOR TAX SEASON

• You are great at what you do, but you struggle every year at tax time because you didn’t keep up with your income, expenses, or your receipts from the prior year. 


• Does this sound like you?


• If you answered yes, you are not alone.


• In this section you will learn everything you need to do to make sure you are always prepared for tax season.


• You will also receive a list with an explanation of how to take all of tax deductions you are entitled to

1099 & W9'S - WHAT YOU NEED TO KNOW

• Who should receive one?


• Who should give one?


• What to do if a salon owner refuses to provide you with their tax ID Number or fill out a W9 - which is needed to prepare 1099’s.


• Understanding the new 2020 form 1099

MANAGING YOUR FINANCES BEFORE AND AFTER APRIL 15TH

• You’ll learn how to manage your business finances before, during, and after April 15th.


• We will discuss bookkeeping resources and software from free to paid and somewhere in between.

HOW TO SET TRACK AND ACHIEVE YOUR BUSINESS FINANCIAL GOALS

• In order to reach your destination, you MUST have a plan.


• The plan can take several different forms (a map, a GPS, a budget, cash flow projections, etc.).


• No matter the form you choose, two things are required, 1) a strategy and 2) a way to measure your progress.


• In this section, you will learn how to set specific financial goals.


• You will also have access to a ready-made tool that will assist you in setting and meeting your goal(s)

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