Business By The Books with Danielle Hayden

Cathi Nelson is the CEO of The Photo Managers and has a passion for photos and storytelling. She helps small business owners become professional photo managers and also educates consumers on the importance of saving and organizing their photos and videos.   Today, Cathi joins me to talk about her journey as an accidental entrepreneur and how she got her start with her unique business. She’s also chatting about how she’s been able to evolve her money mindset as she’s shifted her business model and increased her revenue streams.  Join Cathi and me in this information-packed episode to learn why it’s so important to have multiple streams of revenue as a female entrepreneur and how you can start diversifying your income today.  Other key takeaways you can expect in today's episode:  How Cathi got started in this unique business 2:00 The importance of knowing who you are as an entrepreneur 8:24  What motivated Cathi to have more than one stream of income 13:21 Changing your mindset to be open to having multiple streams of income 16:58 Why it’s so important to have more than one revenue stream 19:41   Prefer to read this? Check out the blog here   Connect with Cathi:  Visit her website | Visit The Photo Managers FREE DOWNLOAD Connect with Danielle: Follow on Instagram  Like our sponsor’s page on Facebook  Get Started TODAY  

Christa Gurka is a fitness and wellness business coach and an Orthopedic Physical Therapist specializing in Pilates-based rehabilitation. Christa owns, operates, and teaches at Pilates in the Grove, located in South Florida.   In this episode, Christa joins me to share the details on how she grew her business to seven figures and expanded her team while keeping the freedom and flexibility of a healthy work-life balance.    Join us in this episode to learn more about the importance of forming your businesses core values and why improving your mindset can make a big difference in the expansion of your business.    In this episode Christa and I also discuss:    Christa’s mission and how she got started as an entrepreneur 3:11 The turning point in her business 10:35 How to keep your core values front and center in your business 19:06 Finding your non-negotiables 35:01 Joining a mastermind program and why it can be a game changer 42:24   Connect with Christa:    Podcast | https://www.christagurka.com/podcast Website | https://www.christagurka.com/ Connect with Danielle:   Website | Kickstart Accounting Facebook | Kickstart Accounting Inc. - Home | Facebook Instagram | Kickstart Accounting, Inc. (@kickstartaccounting) • Instagram photos and videos Twitter | Kickstart Accounting Inc. (@KickstartAcct) / Twitter   Get Started:  https://kickstartaccountinginc.com/get-started/   Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/ Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/   Learn how to pay yourself as a CEO - https://www.kickstartaccountinginc.com/getpaid  

Erin Holston Singh, N.D. is the founder of the Ohio Association of Naturopathic Doctors (OHNDA) and has been in private practice since 1999. She had her first brush with natural medicine at 15 years old when her mother developed a perplexing and seemingly incurable health condition. This opened up a fascinating new world full of possibilities and ignited her passion for true healing. In this episode, she’s sharing her journey to establishing her own practice, and giving us an inside look at the money mindset shifts that allowed her to go from zero business experience to growing a million-dollar natural medicine business!   Connect with Erin: Website |  https://www.optionsnaturopathic.com/dr-erin/ Instagram | https://www.instagram.com/optionsnaturopathic   Connect with Danielle: Website | https://kickstartaccountinginc.com/ Facebook | https://www.facebook.com/kickstartaccountinginc/ Instagram | https://www.instagram.com/kickstartaccounting/ Twitter | https://twitter.com/KickstartAcct   Things Mentioned in Today's Episode: Schedule a FREE strategy call -https://kickstartaccountinginc.com/book-a-call/ What is your financial health? Take the FREE Quiz Here - https://quiz.tryinteract.com/#/6192948f1ab9670018ebce02

Think your business is too small to benefit from CFO services? This episode of Business By The Books will change your mind. Join Danielle Hayden and Victoria Hughes as they explore the benefits of partnering with Kickstart Accounting Inc. They discuss the benefits of outsourcing CFO services and introduce the signature CFO Framework, a strategic overview of how Kickstart Accounting Inc. helps business owners manage debt, make data-driven decisions, and plan for the future. Discover how Kickstart’s CFO services can help you achieve your business goals at www.kickstartaccountinginc.com/CFO   Key Takeaways: Kickstart’s CFO services provide strategic financial guidance to small business owners, taking a holistic approach to integrate personal goals and financial planning. Mindset matters! Small business owners or even solopreneurs can benefit from CFO services if they’re ready to commit and put in the work to reach their goals. The Kickstart CFO framework offers tailored financial strategies and comprehensive support, including personal and business assessments, custom budgets, KPI monitoring, forecasting, and more. Knowing your numbers is the foundation for making informed decisions that drive business success.   Topics Discussed: Danielle’s story: from creative to corporate CFO (0:00) The role of a CFO in small businesses (7:07) Benefits of outsourcing a CFO (11:08) Kickstart’s CFO framework (13:20) What’s included in the Kickstart CFO service (27:16)   Resources: Learn more about Kickstart Accounting Inc.’s CFO Services: https://www.kickstartaccountinginc.com/CFO   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Debt is a scary word, but business owners could be risking more than financial security by letting fear stop them from seizing opportunities to invest and expand their business. In this episode, Danielle Hayden dives into the strategic use of debt to fuel business growth, giving a detailed look at how to approach debt responsibly and decide if it’s the right strategy for your business. She also offers a comprehensive guide for funding investment into your business, sharing helpful resources and insights on balancing financial risk with growth opportunities. Tune in to discover how to effectively leverage debt for achieving your business goals!   Key Takeaways: Don’t be afraid of debt! When strategically used, it’s a powerful tool for business growth. Identifying and understanding the influence of your Money Mindset Personality Type is crucial for making informed financial decisions. With this knowledge, you can more effectively tailor your financial strategies to align with your inherent attitudes towards spending and saving. There are various funding options available to business owners, including credit cards, SBA loans, and underutilized resources like grants. It’s important to research these options and choose the right one for your business's financial health.   Topics Discussed: Considering debt as a growth strategy (0:00) Case study: A client’s strategic investment (1:57) Money Mindset Personality Types and their impact on financial decisions (3:01) Funding options and resources (10:10) Steps to create an investment plan for your business (14:10) This week’s homework: assessing your business’s need for debt (18:36) How to monitor debt as a business owner (19:28)   Resources: Take the Money Mindset Personality Type Quiz: https://kickstartaccountinginc.com/quiz   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Next up in our hiring series is the dos and don’ts of hiring. With almost a decade of experience as a CEO, host Danielle Hayden is the perfect person to guide business owners through the hiring process, from the first step of understanding their numbers to evaluating the impact of new hires. In this episode, she shares personal experience and client stories to highlight the importance of embracing a CEO mindset, overcoming limiting beliefs, and taking charge of your business. Tune in to learn what you can do to avoid common hiring pitfalls and hire effectively for your business!   Key Takeaways: Business owners need to embrace their numbers in order to make informed decisions in their business, especially when it comes to hiring. When hiring, don’t look for your replacement, but instead find employees whose strengths compliment your weaknesses to create a well-rounded team. Perfectionism and limiting beliefs are the killer of entrepreneurship: Business owners need to let go of their fear and have the confidence to take action before they can grow their business. Hiring without a plan is a common pitfall among business owners. It’s crucial to prepare to onboard employees and give them the tools they need to succeed and help your business grow.   Topics Discussed: A client’s journey from doubt to hiring success (1:17) Embracing your numbers (3:30) The don’ts of hiring (6:15) How to overcome limiting beliefs (10:30) The dos of hiring (11:45) This week’s homework: hiring prep (16:40)   Resources: Learn how our Money Mindset Mastery Program can help transform your business! https://www.e-suite.co/money-mindset-mastery-sales-page   Listen to episode 161: How Much Revenue Do You Need to Hire? – https://kickstartaccountinginc.com/how-much-revenue-do-you-need-to-hire/   Listen to episode 162: Can You Afford Your Next Big Hire? – https://kickstartaccountinginc.com/can-you-afford-your-next-big-hire-ep-162/   Listen to episode 163: The 4 KPIs You Need to Track After Hiring –  https://kickstartaccountinginc.com/the-4-kpis-you-need-to-track-after-hiring-ep-163/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

It’s time for your business to start hiring, but what do you actually do next? In this episode, CEO Danielle Hayden presents The Ultimate Hiring Checklist to help business owners prepare for hiring employees. From drafting contracts to creating operational procedures and company insurance, she walks through the specific steps business owners should take in order to ensure that employees succeed and their business is protected. Plus, Danielle doesn’t gatekeep information — she shares her favorite tools and best advice on payroll management, HR handbooks, and building a company culture. This comprehensive checklist is the foundation for successful team building and business growth. Tune in now!   Key Takeaways: The Ultimate Hiring Checklist provides guidance on what business owners need to do before hiring, covering essential steps like contracts, HR handbooks, payroll setup, and more. When setting up payroll, consider a schedule that aligns with your business's cash flow. Software like Gusto simplifies the payroll process with an easy setup that ensures compliance and comprehensive support. Set employees up for success by setting clear expectations through training, standard operating procedures (SOPs), and consistent communication. Understanding the insurance requirements for hiring employees, such as workers' comp and unemployment insurance, is crucial to protect both the business and its employees.   Topics Discussed: Who is The Ultimate Hiring Checklist for? (1:17) Introducing The Ultimate Hiring Checklist (3:30) What to include in an HR handbook (6:15) Setting up payroll for you and your new hires (7:48) The importance of SOPs for employee success (13:06) Onboarding and training new employees (16:49) Insurance: how to protect your business and employees (20:20) This week’s homework: Download The Ultimate Hiring Checklist (22:11)   Resources: Download The Ultimate Hiring Checklist! https://kickstartaccountinginc.com/hiring/   Check out this Employee Handbook Builder! https://www.handbooks.io/   Listen to episode 161: How Much Revenue Do You Need to Hire? – https://kickstartaccountinginc.com/how-much-revenue-do-you-need-to-hire/   Listen to episode 162: Can You Afford Your Next Big Hire? – https://kickstartaccountinginc.com/can-you-afford-your-next-big-hire-ep-162/   Listen to episode 123: Stop Making These Legal Mistakes NOW: An Easy Step by Step Guide For Small Business Owners with The Legal Paige - https://kickstartaccountinginc.com/unravel-the-complexities-of-business-entities-and-taxes-ep-123/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

So you took the leap and started hiring in order to grow your business or lighten your workload. But now's not the time to sit back and relax; it's vital to your business's success to monitor how hiring impacts financial performance. As we continue this hiring series, host Danielle Hayden outlines the four KPIs business owners need to consider when assessing the efficacy of their hiring decisions: revenue per employee, percent of sales, net profit and overhead rate. She details how to track these key indicators and then analyze them, ensuring your business continues to thrive with the addition of new hires. Tune in to learn how to leverage these four KPIs and make informed decisions for your business!   Key Takeaways: Business owners need to understand the numbers in their business in order to make strategic decisions about scaling up or down their workforce. There are four essential KPIs for evaluating financial health and hiring needs: revenue per employee, percent of sales, net profit and overhead rate. It’s imperative that business owners consistently review key KPIs to adapt and align their business growth strategies with the season of their business.   Topics Discussed: Introducing Emily’s story: a tale of rapid growth (1:44) Four critical KPIs and why they’re important to track (3:48) Utilizing KPIs to make informed business decisions (8:16) Emily's decision to change her business structure (13:05)   Resources: Listen to episode 158: Healthy Spending Habits for Financial Success In Your Business - https://kickstartaccountinginc.com/healthy-spending-habits-for-financial-success-in-your-business-ep-158/   Listen to episode 114: What To Do When You Are Operating In The Red – https://kickstartaccountinginc.com/what-to-do-when-you-are-operating-in-the-red-ep-114/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Is hiring the best growth strategy for your business? In this episode, Danielle Hayden explores this critical question to provide business owners practical methods to evaluate if their business is ready to expand and strategies to grow their team effectively. She shares the Kickstart Accounting Inc. framework to help business owners assess whether they can afford to hire, how to budget for new hires, and take into account the often overlooked costs of hiring. Danielle also goes over the steps to take if your business is not profitable, and therefore, not ready to make new hires. Tune in now to get the tools you need to make informed decisions about growing your team and your business!   Key Takeaways: Hiring for growth is a strategy that requires a careful balance between expanding capabilities and managing financial risks, ensuring sustainable business development. The Kickstart Accounting Inc. framework offers a systematic way for entrepreneurs to evaluate their hiring affordability, and features three key methods: the look-back, averages, and look-forward approach. Understanding your risk tolerance as a business owner is essential before hiring, as it will guide you in the best way to balance growth and finances. Salaries and hourly pay aren’t the only expenses business owners need to consider when evaluating their readiness to hire; hidden costs like applicant tracking, payroll taxes and fees, equipment, and more also need to be taken into account.   Topics Discussed: From solopreneur to leader: Danielle’s decision to start hiring (2:15) 3 methods to assess if your business can afford to hire (5:54) Assessing profitability: What if your business is not profitable? (8:30) Benefits of using a budget-based method (10:07) Financial benchmarks to meet before hiring (13:15) The process and hidden costs of hiring (15:58)   Resources: https://kickstartaccountinginc.com/hiring   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Hiring can be intimidating for business owners, but it’s a crucial step in the business growth journey. In fact, not hiring could be holding you back — both in business and your personal life. During this episode, CEO Danielle Hayden answers the following questions: How can business owners determine when to start hiring? What are the 3 types of people they should hire? What is the business owner’s role in their business as they expand their team? Danielle shares the Kickstart Accounting Inc. framework that guides business owners through the hiring process, from recognizing the signs that it's time to hire to choosing the right type of hire: expert, contractor, or employee. Tune in to learn more!   Key Takeaways: Hiring will not only help a business grow, but also allows business owners to delegate work and realign their focus towards both career and personal goals. Experts, contractors, and employees each bring unique advantages to a business. While there is a general framework for who and when to hire, every business is different and should tailor their strategy to their specific needs and goals. As your business grows, business goals will evolve which makes it crucial to routinely assess and adapt your role and the structure of your team.   Topics Discussed: Deciding when to hire: the tipping point (1:54) Questions to ask yourself when determining when to hire (4:39) Types of hires: experts, contractors, employees (5:55) Who to hire for your profit margin (10:21) The role of owners in their business (12:36) What to expect in our hiring series (15:44)     Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Danielle Hayden continues our series on tax deductions by diving deeper into accountable plans: a tax strategy that enables business owners to efficiently manage reimbursements of personal expenses with a business purpose. She addresses the importance of separating personal expenses from business expenses before going over the guidelines and limitations of accountable plans. This episode is a step-by-step guide on creating an accountable plan and implementing this strategy within your business framework. Tune in now to learn how to leverage the accountable plan tax strategy and increase profitability in your business!   Key Takeaways: An accountable plan is a tax strategy that outlines a reimbursement process for personal expenses with a business purpose, while also decreasing net income and results in a lower tax liability. Only S Corps qualify for reimbursements through an accountable plan, while LLCs and sole-proprietors must take tax deductions. Business owners should pay themselves a reasonable salary through payroll and avoid taking draws from the business, only reimbursing themselves with the accountable plan. Qualifying business expenses include vehicle, home office, cell phone and more. Accurate tracking and proper documentation is essential for adherence to IRS guidelines.   Topics Discussed: Accountable plans: A tax strategy (1:00) The importance of separating business and personal expenses (1:30) Determining eligibility for the accountable plan strategy (2:10) Steps to implement the accountable plan strategy (4:25) The benefits of the accountable plan for businesses (4:57) Requirements of an accountable plan (5:55) The reimbursement process in the accountable plan (6:22) Qualifying expenses in an accountable plan (8:35)   Listen to Don’t Jeopardize Your Business! Why Not Co-Mingle Business & Personal Finances – Ep 143: https://kickstartaccountinginc.com/dont-jeopardize-your-business-why-not-co-mingle-business-personal-finances/   Listen to Leveraging Home Office Tax Deductions for Entrepreneurs – Ep 155: https://kickstartaccountinginc.com/entrepreneur-money-stories-ep-155/   Listen to Tax Deductions: How to Maximize Vehicle Deductions in Your Business – Ep 159: https://kickstartaccountinginc.com/tax-deductions-how-to-maximize-vehicle-deductions-in-your-business-ep-159/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Understanding your business financials goes beyond bookkeeping: it's about making informed strategic decisions that support your professional and personal goals. In this episode, CEO Danielle Hayden examines what it truly means for owners to manage their business and “know your numbers.” Challenging the misconception that business owners need a team of experts to reach their goals, the knowledge shared in this episode will empower CEOs to take charge of their business with confidence and clarity. Tune in now to transform your business financials!   Key Takeaways: Tax deductions for vehicle expenses depend on how often business owners use a vehicle for business purposes. Understand that deductions are tax savings that reduce taxable income, not a direct cash benefit. Consistent tracking and strategy of vehicle use are essential for claiming deductions. Adding a wrap or logo to a car does not qualify the vehicle as a full-time, 100% deductible advertising expense. Reimbursement depends on entity type: S-Corps would benefit from accountable plans, while LLCs have some flexibility in how they expense vehicles on their tax return.    Topics Discussed: Introduction to vehicle expenses as business deductions (1:20) Vehicle Deductions: Mileage vs Actual Expenses (3:40) Advantages of the mileage deduction strategy (5:01) Vehicle deductions strategies for different business entity types (6:58) Bookkeeping and the reimbursement process for vehicle deductions (8:15) This week’s homework: actionable steps to implement a vehicle deduction strategy (9:36)   Learn more about MileIQ here: https://mileiq.com/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Do you know what healthy spending looks like in your business? In this episode, Danielle Hayden tackles the crucial topic of spending in business with Kickstart Accounting Inc. Operations Manager Victoria. They break down the standards for healthy spending across key areas like advertising and payroll, highlighting how business objectives might influence your spending allocations. Danielle then shares her 3-step framework designed to reshape spending habits in your business, aiming for strategic growth and sustainability.   Key Takeaways: Spending is essential to reach your business goals and attain operational efficiency. Understanding your Money Mindset Personality can guide your financial decisions. Your spending strategy will vary depending on the season of your business, from the startup phase to growth mode. Profitability isn't just about revenue; optimizing time and operational efficiency is key to building a healthy, sustainable business. Don’t be afraid to negotiate discounts for systems to decrease operational spending.   Topics Discussed: Misconceptions around women and money (1:55) Spending money to achieve business goals (4:09) Understanding your Money Mindset Personality Type (6:00) Analyzing spending with our Healthy Percentages Worksheet (8:34) Client example: Jenna’s story of spending for business growth (12:22) Payroll spending and sustainability (14:18) Investing in systems for operational efficiency (20:23) Outside services and training for business development (24:33) Facility costs, co-working spaces, and travel expenses (27:54) Implementing the Healthy Spending Framework (29:40)   Take the Money Mindset Personality Type Quiz: https://kickstartaccountinginc.com/quiz Download the Healthy Percentages Worksheet: https://kickstartaccountinginc.com/healthy/ Download the Financial Goal-Setting Worksheet: https://kickstartaccountinginc.com/goal/ Learn more about the Money Mindset Mastery Course: https://www.e-suite.co/money-mindset-mastery-sales-page   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/channel/UC7T_NMMpY1u7bnBrNptEYkA Facebook | https://www.facebook.com/kickstartaccountinginc

Understanding your business financials goes beyond bookkeeping: it's about making informed strategic decisions that support your professional and personal goals. In this episode, CEO Danielle Hayden examines what it truly means for owners to manage their business and “know your numbers.” Challenging the misconception that business owners need a team of experts to reach their goals, the knowledge shared in this episode will empower CEOs to take charge of their business with confidence and clarity. Tune in now to transform your business financials!   Key Takeaways: Understand the role of business owners and CEOs in financial management, beyond just “knowing your numbers.” The accounting industry’s dirty little secret: By taking control of the numbers and asking the right questions, anyone can make informed, strategic decisions about their business. Aligning business goals with financial strategies is essential for growth and success.   Topics Discussed: The Role of Business Owners in Financial Management (0:59) The Dirty Secret of the Accounting Industry (3:04) A Client’s Transformation: Jenna’s Business Story (4:41) This Week’s Homework: The First Step to Taking Charge of Your Financials (9:33)   For help with business and personal goals and more, visit: https://kickstartaccountinginc.com/get-started/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/channel/UC7T_NMMpY1u7bnBrNptEYkA Facebook | https://www.facebook.com/kickstartaccountinginc

Ever wonder how to navigate the maze of meal deductions as a business owner? Join us in this insightful episode where Danielle Hayden, founder and CEO of Kickstart Accounting Inc., and Kelsey Chester, Lead Account Manager, break down the misconceptions about deducting meals for your business, and how to stay compliant with the IRS. From deductions for company events to the nuances of 50% deductions for meals with clients, everything you need to know is in this episode. Tune in now before your next dinner out!   Key Takeaways: Learn how to confidently navigate meal-related tax strategies to maximize tax deductions for your business. Discover when you can claim 100% deductions from meals and when to claim 50%, and avoid common pitfalls that could cost you money. Get essential tips on proper financial documentation for meals, what details you need to record, and why it matters for IRS compliance.  Avoid common mistakes business owners make when it comes to deducting meals, helping you stay on the right side of the IRS.   Topics Discussed:  Intro (0:00) Maximize Tax Deductions, Not Dine on Taxes (0:51) Examples: 100% Tax Deduction when Looking at Meals (2:29) Examples: 50% Tax Deduction when Looking at Meals (4:07) Meal with Spouse for Business Purposes: 50% OR 100%? (4:37) Money Mindset Mastery Framework  IRS Guidelines Regarding Meal Tax Deductions (4:54) Bookkeeping Perspective (6:23)   Episodes Mentioned: EP 77 – Retirement Plan Strategies That Will Reduce Your Business’s Tax Liability   For help with business and personal goals and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Kickstart Accounting Inc.: Instagram | @Kickstartaccounting YouTube | @EntrepreneurMoneyStories Website | Kickstart Accounting, Inc. Facebook | Kickstart Accounting, Inc.  

Ever found yourself exhausted from transforming your home into your dream office space, only to wonder who pays the bill? In this episode, CEO Danielle Hayden unveils the secrets to maximizing your deductions this tax season with a deep dive into the often-overlooked realm of home office deductions. Explore how your home office can become a tax strategy, the requirements for it to become a business expense, and the different models you can use for tax deductions. Don't let your hard-earned money slip away – don’t miss out on this full guide to make your home office work for your business! Download your home office deductions checklist: https://kickstartaccountinginc.com/homeofficedeductions Key Takeaways: Home-Office Deductions Basics: Learn how having a home office can be a valuable tax strategy for business owners. Deductions Requirements: Understand the requirements needed for your home office to be determined as a business expense.  Explore the different deduction models for S-Corps and LLCs based on your business and personal preferences such as the Flat Rate and the Percentage Method Models. Learn the importance of having organized documentation, and submitting monthly or quarterly business expenses.  Topics Discussed:  Intro (0:00) Client Example: Freshly Painted Office but Who’ll Pay for it? (1:16) What is Home Office Deduction (3:13) First Step: Ask Yourself These Questions! (3:55) Conversation with Kelsey Chester on Writing Off Your Home Office (4:18) Second Step: Determine Your Entity Type (5:15)  Mindset Mastery Framework (6:03) Accountable Plan: Reimbursement and Documentation (7:06) What Does the IRS Say? (9:01) What Home Office Expenses Are Tax-Deductible? (9:54) Scorps Have 2 Options (10:57) LLCs Have 2 Methods: Flat-Rate Method and Percentage Method (11:11) Last Step in the Framework: Discuss with your CPA (12:42) Document: Get Ready for Tax Season (13:11) Don’t Co-mingle Business and Personal Expenses (13:54) Don’t Leave Money on the Table (14:51)   Other Episodes Mentioned: Ep 143 - Don’t Jeopardize Your Business! Why Not Co-mingle Business & Personal Finances For help with your home office deductions and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Kickstart Accounting Inc.:   Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. YouTube | @EntrepreneurMoneyStories Facebook | Kickstart Accounting, Inc.

How often do you find yourself avoiding discussions about money, feeling a wave of stress, when faced with financial matters in your business? In this episode, CEO Danielle Hayden is joined by Becky Clabaugh, a Financial Behavior Change Expert to explore the reasons behind the avoidance of money discussions among entrepreneurs. Becky shares her expertise as an emotional regulation expert, delving into the psychological aspects of our relationship with money and providing valuable insights on how to transform your approach to finances. If you're ready to unlock a healthier relationship with your financials and embrace your role as the CEO of your business, tune in now for strategies and empowering perspectives. Tune in now!     Key Takeaways: Discover how cultivating a positive mindset is the key to unlocking financial success. Building financial resilience and breaking free from money-related limiting beliefs. How your feelings about money impact your decisions and overall financial well-being. Gain insights on building financial confidence and transforming your money mindset. Finding the sweet spot between logic and emotions for better financial decision-making. Exploring the nature versus nurture aspect of one's relationship with money and how early experiences and beliefs contribute to financial attitudes.   Topics Discussed:  Intro (0:00) Emotional Flight OR Fight Around Money: Why Are We Here? (2:18) Nature Over Nurture (4:55) Goal Trauma and Financial Trauma: Is it Tough Even as an Expert? (6:21) How Becky Started Her Journey? (08:03) Knowing Your Numbers vs Following Intuition (10:44) Heal: Money Trauma is Okay (11:56) First Step of Transition: Awareness (14:22) Mindset Mastery Framework (16:47) Action Steps (17:50) Second Action Step: Replace Wonder with Worry (20:03) Actions Steps: Sympathetic VS Parasympathetic Nervous System (20:59) Drinking To Cope with Something VS Drinking For Pleasure (23:12) How to Manage Stress Around Numbers (25:07) Celebrate and Reevaluate (27:09)     For help with your money mindset and more, visit: https://kickstartaccountinginc.com/get-started/     Connect with Becky Clabaugh: Quiz | The Hidden Money Agenda Instagram | @Becky_Clabaugh_Coaching   Connect with Kickstart Accounting Inc.:  Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. YouTube | @EntrepreneurMoneyStories Facebook | Kickstart Accounting, Inc.

Ever wondered how your business could benefit if you could reduce your tax liability and increase savings all while ensuring compliance with the IRS? In this episode, Danielle Hayden, CEO & Founder of Kickstart Accounting Inc., and Kelsey Chester, Lead Account Manager, spill the beans on some of the most powerful tax-saving strategies for business owners. From choosing the right entity type to diving into the intricacies of becoming an S-Corp, they break down the criteria you need to know. Don't leave any deductions on the table! Whether you're a seasoned entrepreneur or just starting, there's a strategy for you. Ready to transform your approach to taxes?  Key Takeaways: S-Corps: net income, expense separations, and solid bookkeeping for your S-Corp Status.  Health Saving Accounts (HSA plans) as an essential investment for tax-free growth, high-deductible insurance, and taking care of yourself.  Secure your financial future by leveraging 401k and IRA contributions while reducing your taxable income. How your home can turn into a deductible business expense. Tax advantages of hiring your kids into the business. Don't leave any tax deductions on the table!   Topics Discussed:  Intro (0:00) Favorite Tax Season Strategies (0:04) Stop Co-mingling Business and Personal Finances (1:47) S-corps and  Paying Yourself Reasonable Compensation (2:40) Have Bookkeeping in Place (3:12) Strategies for Scorps (4:41)  Mindset Mastery Framework (6:24) HSA Plans  (7:26) Retirement (8:22)  Why Do S-corps Need an Accountable Plan? (9:20) Document Home Office Deductions Properly (10:57)  Last Strategy: Hire Your Kids (13:00) Additional Strategies (13:46) For help with your tax deductions and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Kickstart Accounting Inc.: Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. YouTube | @EntrepreneurMoneyStories Facebook | Kickstart Accounting, Inc.  

Have you ever thought about boosting the visibility of your business by being a podcast guest? In this episode, Danielle Hayden, CEO of Kickstart Accounting Inc., welcomes Christina Lenkowski, founder of PublicityxChristina, to discuss the transformative power of podcast guest speaking. Christina explains the correct strategy for being a guest on podcasts to market your business, highlighting the importance of being in front of the right audience to maximize impact. If you're curious about leveraging podcasts to boost your business, tune in now for valuable insights and strategies to make your mark in the podcasting world. Key Takeaways: The game-changing power of podcast guesting—your “Golden Ticket” business transformation. Exclusive insights on time management, team-building, and the podcast publicity strategy that has turned businesses into success stories. How to strategically select which podcasts (and how many) to be featured on as a guest to truly increase your business' visibility. Dive into the art of messaging with Christina's agency secrets. Learn how to whip up content that's not just engaging but magnetic.   Topics Discussed:  Intro (0:00) Spot Readiness for Podcast Guests and How Christina Lenkowski’s Company Contributes? (1:50) It’s Okay to Fail  (5:22) How did Christina Get Here? (6:21) Podcasting: Who is an Ideal Client? (8:19) Hire an Agency VS Doing it on Your Own (10:36) Messaging Sets PublicityxChristina Apart (14:27) Messaging: When Christina Knew it Was Time to Hire an Expert (16:54) Mindset Mastery Framework (18:19) Keeping Money Mindset Strong (19:22) Time vs Money Objection (20:44) Back to Basics (24:26) Ultimate Smart Goal: Budgeting (27:41)   For help with your business’s finances and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Christina Lenkowski:  Website | https://www.publicityxchristina.com Instagram | PublicityXChristina  Facebook | publicityxchristina LinkedIn | Christina Lenkowski     Connect with Kickstart Accounting Inc.: Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. Facebook | Kickstart Accounting, Inc.

Are you ready for tax season? In this episode, Danielle Hayden, CEO & Founder of Kickstart Accounting Inc. guides you through the 5 essential steps you need to take to get your business organized for a stress-free tax season, from maintaining accurate bookkeeping all year round to assembling a synchronized & complete money team. Tune in now to ensure a smooth and relaxed tax preparation season.   Key Takeaways: Staying ready throughout the year with accurate and ready finances. Uncover the power of a money team that works in unison. W9s, 1099s—understanding paperwork requirements & contractors.  Reviewing your payroll and your reasonable salary as an S-Corp. Stepping into the CEO's shoes, and crafting a strategic, forward-thinking financial plan for your business.   Topics Discussed:  Intro (0:00) Disclaimer (0:38) 1st Step of Framework: Stay Ready (1:14) Mindset Mastery Framework (3:32) 2nd Step: Ensure Money Team Alignment (4:35) 3rd Step: W9’s For All Contractors (6:16) Review Your Payroll (6:51) Quick Recap (7:49) 4th Step: Get Prepared Early (08:12) 5th Step: Start Being More Forward Thinking (9:25) Do You Have a Bookkeeper? (10:14)   For help with your bookkeeping and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Kickstart Accounting Inc. Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. Facebook | Kickstart Accounting, Inc.