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3 Must-Know Tips For Business Taxes

by Jillian
Posted on September 22, 2017
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

Are you a business owner who’s tried doing your own taxes and gotten so frustrated you ended up not claiming anything because the tax laws on what’s deductible or not are…clear as mud? Let’s dig in and sift through some of the muck to pull out some IRS terminology for clarity. Business Expenses. These are[...]

by Jillian
Posted on August 30, 2017
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

As a business owner, you may have heard the buzz about how using an S corp can save you money on your taxes, but are you confused about what an S corp is or how it can help? An S corp, short for S corporation, is a special type of corporation that allows profits, and[...]

by Jillian
Posted on July 26, 2017
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

Managing money is one of the leading causes of stress for the majority of people today. It’s actually been a pressure point for families and individuals for generations, but it doesn’t have to be. There’s no time like the present to flip the financial script and create a new mindset around spending and saving. Here[...]

by Jillian
Posted on July 13, 2017
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

Once you finally psych yourself up enough to actually look at your finances, are you like most people who only look at their current to not-so-distant future state of affairs? Do you look at the bills that are due and then decide which ones get paid based on the amount left over in your bank[...]

by Jillian
Posted on June 29, 2017
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

We all know what it’s like to be cruising along on financial autopilot when BAM! Out of “nowhere” a major “unexpected” hit comes and knocks us into a scrambling tailspin. Whether it’s medical expenses, taxes, that credit card bill we lost track of, car repairs or anything outside the norm, those extraordinary “hits” can set[...]

by Jillian
Posted on June 15, 2017
1 Comment
in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

In the grand scheme of things, income is rarely stable even if you’re paid a regular salary. And was that a big “Amen!” I just heard from the freelancers and independent contractors as to how true that statement is? While we’ve talked a lot about budgeting a time or two already (https://jmvfinancialservices.com//budgets-friends-not-foes and https://jmvfinancialservices.com//8-forgotten-expenses-to-factor-into-your-budget), there’s no time[...]

by Jillian
Posted on May 26, 2017
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

Wayne Dyer is quoted as saying, “When you change the way you look at things, the things you look at change.” Let’s apply that philosophy to the things you’ve been taught about money and debunk more of those myths once and for all. 1. Debt is a good thing and helps you build credibility. The[...]

by Jillian
Posted on May 3, 2017
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

It can – and does – happen to the best of us. We make those financial decisions that seem great in the moment but often end up leaving us with regret and in debt. Unless we’ve been taught how to effectively manage our money, we’ll keep cycling through the same patterns until we end up[...]

by Jillian
Posted on April 20, 2017
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

If you’re looking for a few more ideas to add to your savvy spending list, look no further! (For a Part 1 refresher, click here: https://jmvfinancialservices.com//4-smart-ways-to-spend-your-tax-refund/) 1.Donate to a charity. Not only will you feel good about helping a cause you’re passionate about, donating to a worthy charity will pay it forward to your tax refund[...]

by Jillian
Posted on April 5, 2017
0 Comments
in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

It’s finally here! That moment you’ve been waiting 365 days for: your tax refund is on its way!! But wait. Before you mentally or physically go spend it all in one place, here are some wise tax hacks you should consider in order to help make your refund even more profitable for you: 1. Hire[...]

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