Keep What You Earn

In this episode, discover how to empower your children with valuable money lessons, even if you're not a financial expert yourself. By actively involving them in financial decisions and experiences, you can lay the foundation for a healthier relationship with money and help shape their positive financial narratives. Tune in to learn practical strategies for initiating this journey with your kids. What you'll hear in this episode: [2:34] Exploring ways to engage your child in the purchasing journey [7:11] Educating on the essence and significance of budgeting [10:40] Emphasizing the value of wise borrowing practices [12:40] Promoting open discussions about money matters with your children If you like this episode, check out: 3 Things You Need to Know Before Buying a Business How to Pour Money Into Your Business Leaving Your Business as a Legacy with Guillermo Salazar Want to learn more so you can earn more? 5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

In this episode, Shannon continues the conversation with bookkeeping expert Misa Bacon. They dive into what to expect from a bookkeeper, how to vet the right professional for your business, and the importance of communication and personalization in the bookkeeping relationship. Misa shares valuable insights on the different types of bookkeepers, the costs involved, and how small business owners can take control of their bookkeeping journey. If you're looking to streamline your financial processes and set your business up for success, then you won't want to miss this engaging and informative discussion. Tune in to learn more about the essential role of bookkeeping in your business and how to make the most of this crucial aspect of financial management. Misa Bacon is the Founder and CEO of Perfectly Kept Books and your go-to bookkeeping and QuickBooks Pro. She empowers women entrepreneurs to conquer their financial anxieties. Recognizing that bookkeeping can be daunting, she creates a calming, fun experience that feels like chatting with a supportive friend. Her Texas warmth shines through, making complex financial discussions approachable and stress-free. Driven by a desire to raise her creative daughter in a world of empowered women, Misa champions women-owned businesses, providing empowering bookkeeping services and building strong financial foundations for their success. Bookkeeping checklist download: https://perfectlykeptbooks.com/resources Website: https://perfectlykeptbooks.com/ Socials: @perfectlykeptbooks What you'll hear in this episode: 06:33 Bookkeepers are crucial business partners; liking them matters. 09:15 Hire professionals with human interaction and expertise. 11:01 Open communication essential for business and bookkeeping. 14:22 Consider personal vs corporate bookkeeping services when choosing. 18:35 Success comes at a price, no discounts. 21:20 Start using accounting software early for success. If you like this episode, check out: Do You Really Need a Business Plan? Want to Leave Your Corporate Job? It's Easier Than You Think 3 Reasons to Separate Your Business Money from Personal Want to learn more so you can earn more? 5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

In this episode, Shannon welcomes Misa Bacon, founder of Perfectly Kept Books, to discuss the misunderstood world of bookkeeping. Misa shares her passion for helping women entrepreneurs and creatives understand their finances and turn their data into decisions. The episode highlights the importance of customizing bookkeeping to gain valuable insights and addresses the common misconceptions surrounding bookkeeping. Join us as we delve into the practical and approachable side of bookkeeping that can transform your business. Misa Bacon is the Founder and CEO of Perfectly Kept Books and your go-to bookkeeping and QuickBooks Pro. She empowers women entrepreneurs to conquer their financial anxieties. Recognizing that bookkeeping can be daunting, she creates a calming, fun experience that feels like chatting with a supportive friend. Her Texas warmth shines through, making complex financial discussions approachable and stress-free. Driven by a desire to raise her creative daughter in a world of empowered women, Misa champions women-owned businesses, providing empowering bookkeeping services and building strong financial foundations for their success. Bookkeeping checklist download: https://perfectlykeptbooks.com/resources Website: https://perfectlykeptbooks.com/ Socials: @perfectlykeptbooks What you'll hear in this episode: 03:45 Misa supports women in bookkeeping and business. 09:12 Customizing book categories to fit specific businesses. 12:57 Overview: Report insights simplify financial data analysis. 15:29 Software provides historical data for empowering insights. 19:07 Stage intervention, LLC may miss tax savings. If you like this episode, check out: How to Break Free from the Corporate 9 to 5 3 Reasons to Separate Your Business Money from Personal Do You Really Need a Business Plan? Want to learn more so you can earn more? See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

On this episode of Keep What You Earn, Shannon gets into the topic of quarterly estimated taxes. Advocating for a nontraditional approach, she emphasizes the importance of good bookkeeping and understanding how to save money for taxes. Through real-life examples and practical advice, Shannon challenges the conventional wisdom around paying quarterly estimates and urges entrepreneurs to take control of their financial planning. With a focus on tax strategy and meticulous planning, she encourages listeners to consider alternative approaches to managing their tax obligations. Tune in for a unique perspective on quarterly taxes and insightful tips for maximizing your financial resources. What you'll hear in this episode: 03:28 Save 25-30% of profit for taxes. 08:14 Prepare for quarterly tax estimates, manage cash flow. 11:05 Realign, invest profit back, seize new opportunities. If you like this episode, check out: Tax Implications of Digital Product Sales Determining the Appropriate Salary for an S Corp Owner Everything You Need to Know About Sending and Receiving 1099s Want to learn more so you can earn more? 5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

In this episode of Keep What You Earn, Shannon gets into a topic that many entrepreneurs grapple with: the decision of whether to hire family members in their business. She discusses the potential benefits and drawbacks of this choice, offering insights into the unique dynamics and considerations involved. From the inherent sense of loyalty and tax advantages to the challenges of maintaining boundaries and communication, Shannon provides valuable perspectives to help entrepreneurs navigate this complex decision. Tune in to gain valuable insights that can inform your approach to hiring family members in your business. What you'll hear in this episode: 06:04 Transfer income to family member for tax advantage. 09:05 Maintain boundaries for a healthy relationship. 11:43 Be mindful of family's impact on workplace. 13:17 Transparent partnership, understand and communicate proactively. If you like this episode, check out: How My Dad's Advice Shaped My Career and Business Success The Best Hiring Skill You Need How to Make Sure Your Pay Aligns with Your Business Structure Want to learn more so you can earn more? Tax Deduction Guide: https://www.keepwhatyouearn.com/tax-deduction-guide Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

In this episode of Keep What You Earn, Shannon shares her insights on mastering recruitment and marketing strategies. She discusses the value of being intentional in job descriptions and how it can enhance the hiring process. Shannon sheds light on the success she has had in attracting quality candidates and emphasizes the importance of understanding and demonstrating company values in job descriptions to attract the right talent. She encourages listeners to explore how they can live their values implicitly to attract ideal candidates. Join us as we delve into the world of recruitment and gain valuable tips from Shannon's firsthand experiences. What you'll hear in this episode: 03:36 Successfully attracting high-quality candidates through unique job descriptions. 07:46 Finding ideal accounting industry employees through marketing. 10:34 Hiring skill: Values, clarity, and authenticity essential. 13:50 Showcase values in job descriptions, implicit demonstration. If you like this episode, check out: How My Dad's Advice Shaped My Career and Business Success How to Make Sure Your Pay Aligns with Your Business Structure Should You Hire Your Family? Want to learn more so you can earn more? CFO On Demand click here Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

In this episode of Keep What You Earn, Shannon continues her conversation with guest Amanda Adams about their experiences in corporate careers and how they have shaped their approach to building their own practices as self-employed accountants. They discuss the importance of setting boundaries, work-life balance, and prioritizing the type of work and clients they choose to engage with. They also share how they've adapted traditional workplace practices, including hierarchy, job titles, and the value of diversity in professional environments. Join Shannon and Amanda as they reflect on their journeys and share valuable insights that every entrepreneur can benefit from. Amanda fell in love with accounting before she knew of all the exciting possibilities it possesses. Since then, she has learned a great deal about the accounting industry and even picked up a couple of degrees and a CPA license along the way! Amanda has experience in the day-to-day data entry accounting up to Controller and fractional CFO responsibilities as well as tax return preparation for individuals and small businesses. LinkedIn: www.linkedin.com/in/amanda-adams-cpa-a381761a6 Watch the episode here: https://youtu.be/Vz7hra1dkx4 What you'll hear in this episode: 05:30 Regained control over time, felt immense freedom. 09:02 Work attire doesn't define success, personal choice. 14:20 Experience doesn't always equal value or knowledge. 18:19 Supporting, noticing similarities, and building strong teams. 20:18 Essential resources for starting or cleaning business. If you like this episode, check out: How to Break Free from the Corporate 9 to 5 Best Ways to Negotiate Business Deals 3 Reasons to Separate Your Business Money from Personal Want to learn more so you can earn more? Transform your small business journey – download the Small Business $tarter Kit here. Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

Today we're joined by Amanda Adams, a fellow CPA and business owner who's here to share her journey and the trials we face in the corporate accounting world. Amanda sheds light on the demanding work culture in big accounting firms and we dive into our shared experiences as women navigating this space while juggling family life. Together, we tackle the uncomfortable but critical conversations about appearance pressures, outdated dress codes, and the constant push for availability that's become the norm in our industry. This candid talk also covers societal changes, pandemic-led shifts in workplace dynamics, and how these factors play into women's career opportunities and work-life balance. Amanda fell in love with accounting before she knew of all the exciting possibilities it possesses. Since then, she has learned a great deal about the accounting industry and even picked up a couple of degrees and a CPA license along the way! Amanda has experience in the day-to-day data entry accounting up to Controller and fractional CFO responsibilities as well as tax return preparation for individuals and small businesses. LinkedIn: www.linkedin.com/in/amanda-adams-cpa-a381761a6 Watch the episode here: https://youtu.be/7UjbSoI8Kpo What you'll hear in this episode: 07:45 Flexible work hours lead to initial confusion. 09:35 Desire for flexibility in remote work hours. 15:05 Social pressure to conform to appearance standards. 17:45 Hindsight's 2020: Evolve, learn, and drive change. 20:59 Limited encouragement to express self-worth led to exploitation. 24:58 Gender inequality in accounting and career impact. 28:07 Not receiving what I'm giving, leaving. 29:55 Office phones were literally shackles to employees. 33:08 Remembering bad incidents shapes company behavior. If you like this episode, check out: How to Break Free from the Corporate 9 to 5 Best Ways to Negotiate Business Deals 3 Reasons to Separate Your Business Money from Personal Want to learn more so you can earn more? Download the Money Pro Matchmaker tool here Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

In this episode of "Keep What You Earn," Shannon delves into the concept of mastermind groups and their potential impact on business growth. She breaks down three types of masterminds entrepreneurs should consider and provides valuable insights on how to approach each one for maximum return on investment. Shannon emphasizes the importance of building meaningful connections within these groups and highlights the benefits of engaging with peers, mentors, and potential clients. With her expertise as a CPA and business owner, Shannon offers practical advice for entrepreneurs at different stages of their business journey. Tune in to gain valuable perspective on leveraging diverse mastermind groups for comprehensive growth. What you'll hear in this episode: 04:44 Lunch tables sparked connections and support. 07:53 Connect with influential peers and join mastermind. 10:53 Seek ideal client groups for maximum success. 14:11 Enter with clear objective, avoid aimless browsing. If you like this episode, check out: How to Break Free from the Corporate 9 to 5 Best Ways to Negotiate Business Deals 3 Reasons to Separate Your Business Money from Personal Want to learn more so you can earn more? See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

On this episode of Keep What You Earn, Shannon addresses the common struggle of business owners facing cash flow crunches. Rather than immediately turning to capital fundraising, she offers creative alternatives to inject cash into a business. Shannon's insight sheds light on the potential risks and commitments involved in taking on investors, encouraging entrepreneurs to consider temporary solutions for temporary problems. Listeners are prompted to think outside the box and explore diverse options to meet their objectives without committing to more than they bargained for. Stay tuned to gain valuable perspectives and strategies for navigating challenging economic climates as an entrepreneur. What you'll hear in this episode: 06:10 Raising money for new product launch options. 08:11 Navigate economy wisely and consider different paths. If you like this episode, check out: Why Is It Hard to Find a Good Tax Pro? Asset vs. Expense: What's The Difference? Don't Leave These Terms Out of Your Contracts Want to learn more so you can earn more? Download the Money Pro Matchmaker tool here Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.