Keep What You Earn

A lot of people think that you're either on the strategy or spiritual side of things and that there's not really an in-between. Our guest today balances both sides of this really well. Angela Christian is a manifestation expert who has studied astrology, mindfulness, various rituals, sciences, and arts, that circle around the spiritual side of business. Even if you don't feel spiritually inclined, there's much to learn in this episode! We're diving into manifestation as a science, how you can tactically implement behavior change to help manifest your desires, and why manifestation is so often misunderstood. * Related episodes: 177. The Power of Financial Gratitude During Tough Times 180. Rethink Your Business Strategies with This Perspective 182. Applying Eastern Medicine Concepts for Long Term Business Success with Kat Lee * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Hire us: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonkweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html 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.

I always say it's important to maintain your financial power when it comes to your business, your taxes, or anything in that realm. If you let your tax advisor take the wheel and start driving, you have no control over where you're going or how you get there. Your tax professional should be trying to find you every tax deduction you're legally allowed to take but you can't take unjustified shortcuts and legal loopholes to get there. When you take an aggressive approach to your tax filing you have to make sure you understand the risk and that you can defend your position if you need to. At the end of the day, you are responsible for your taxes because you signed off on them stating that they are true to the best of your knowledge. So what can you do if you feel like something fishy is going on behind the scenes? You can report a tax preparer, make sure you are making payment directly to the IRS, and make sure you are receiving your refund directly from the IRS. * Your Taxpayer Bill of Rights: https://www.irs.gov/taxpayer-bill-of-rights * Form 14157 (Return Preparer Complaint): https://www.irs.gov/pub/irs-pdf/f14157.pdf * Form 14157-A (Tax Return Preparer Fraud or Misconduct Affidavit): https://www.irs.gov/pub/irs-pdf/f14157a.pdf Related episodes: 160. How to Manage a Business with Multiple Owners with Jeremy Wells, CPA, EA 165. Wealth-building Wisdom with Mel Abraham 179. One Month Left in '22: What to Focus On * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Hire us: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonkweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html 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.

Now that we seem to be in a post-COVID era, many people are back to scheduling events to promote their businesses. So much goes into the preparation for hosting an event so I wanted to help you learn from the best! Sarah Brush is a 20+ year Corporate Event Professional in the Technology industry and the owner of EVENTive Brush, a business helping entrepreneurs build community, make an impact, and grow their business with events and sponsorships. Sarah is also the host of the EVENTive Entrepreneurs Podcast focused on events, sponsorship, and entrepreneurship. Check out Sarah's website: https://eventivebrush.com/ Go follow Sarah on Insta: https://www.instagram.com/eventivebrush/ Tune into Sarah's podcast: https://podcasts.apple.com/us/podcast/eventive-entrepreneurs/id1542582216 Free event checklist: https://eventivebrush.com/eventchecklist * Related episodes: 178. How I Crank Out Content 181. What Problem Do You REALLY Solve? 186. Out-value Your Competition * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Hire us: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonkweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html 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.

Continuing on our dive into the two most common financial statements, today I will cover the balance sheet. The three sections of a balance sheet are assets, liability, and equity. In order to correctly read a balance sheet, you need to know how these sections correlate. In this episode, I will explain how to properly understand the data portrayed and help you figure out whether or not your business is running at its full potential. Understanding the relationship between the sections of a balance sheet can really give you the upper hand when making business decisions. * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so Related episodes: 166. What Does a Fractional CFO Do? 174. Building Wealth Habits with Candy Valentino 176. When Should You Hire a Fractional CFO? * Hire us: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonkweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html 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.

The two most common financial statements that you will encounter in your business are a profit & loss statement and a balance sheet. In this episode, I will be focusing on the profit and loss statement. Understanding how to properly read this statement can help you know how well (or not so well) your business is doing. The most important thing to remember when reading your statement is that revenue - cost of sales = gross profit THEN gross profit - operating expenses = net profit. * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so Related episodes: 166. What Does a Fractional CFO Do? 174. Building Wealth Habits with Candy Valentino 176. When Should You Hire a Fractional CFO? * Hire us: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonkweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html 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.

My husband Jason is back on the show to share what he would do differently if he were starting a business from scratch. He is an expert business owner who has 16 years of experience and over $40 million dollars in sales under his belt. When he started his business things were very different from what they are today. Some of the things he would consider changing if he were starting fresh today would be, choosing a different business model, advertising differently, utilizing short-form video, and embracing technology. Related episodes: 161. Should I Wait Till I Make Money Before Starting a Business? 171. Taking Your Business from Side Hustle to Main Stream 178. How I Crank Out Content * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Hire us: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html 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.

I recommend that people hire a financial professional into their business from day one. The number one objection is always, "I can't afford to hire an accountant." Believe it or not, that may not actually be the case. There are a couple different ways that accountants can bill you. Many old school accountants bill by the hour but I prefer value-based pricing. It may not be as much as you think and there are creative solutions you can use to have a bookkeeper and accountant from the early days of your business. * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Related episodes: 161. Should I Wait Till I Make Money Before Starting a Business? 171. Taking Your Business from Side Hustle to Main Stream 178. How I Crank Out Content * Hire us: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html 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.

A lot of people are starting businesses right now! You may be starting a business, incurring all of the startup costs, but you aren't making money yet. The big question is: can you deduct those startup costs even if you won't be making money until the next calendar year? The good news is, there's a whole section of the tax code related to startup costs. You can deduct up to $5,000 in startup costs AND up to $5,000 in organizational costs! You have to wait until your business starts making money but you get to save these cards for later. We're diving into all of the details! Related episodes: 153. Tax Deductions for Speakers and Authors 155. Finding the Right Advice with Mike Jesowshek, CPA 160. How to Manage a Business with Multiple Owners with Jeremy Wells, CPA, EA * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Hire us: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonkweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html 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.

There are different dimensions to how you can sell more. You can increase the number of customers you sell to, increase the duration of time they remain clients, or increase the number of times customers buy from you. If you're having trouble finding clients you may just be looking in the wrong places. It's not always about cold messaging people or buying salesy email templates to add to your email list. You need to be super intentional about who you're surrounding yourself with and where you're spending your time. You have to show up with the intention of building trust and relationships with the types of people you want to serve. * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Hire us: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html 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.

There's a lot of talk online about audit red flags and how to avoid them. I've heard every form, deduction, and strategy thrown out there as something to avoid. My best advice is to cancel out the noise and file your tax turn as accurately and honestly as possible to avoid an audit. However, there are some things that may cause the IRS to flag you for an audit. Some of these include deducting more than other people in your profession, deducting different items than others in your profession, or lumping multiple businesses that have different purposes under one tax return. Ultimately, if you have justification and documentation, you're good to go! * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Related episodes: 161. Should I Wait Till I Make Money Before Starting a Business? 171. Taking Your Business from Side Hustle to Main Stream 178. How I Crank Out Content * Hire us: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html 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.