Prepping & Organizing Your Finances for Tax & Accounting Season with Kristie Nichol

This week on the podcast, I am joined by Kristie Nichol. Kristie is a 500-hour RYT and a registered CPA based in Canmore, Alberta. In this week's episode of the show, Kristie talks about how to get prepared for this year's tax season, as well as some of her top tips for getting organized and staying on top of your financials to help make tax season less of a burden. She also shares the importance of having a relationship with your finances and how working with an accountant, a bookkeeper, or using software can help you with this. 

Enjoy! 

 

This episode is brought to you by OfferingTree. If you're interested in finding an all-in-one platform for online or in-person teaching, then you should check out OfferingTree. OfferingTree has been supporting M.B.Om for over a year now and I not only love the product but I also love the people. OfferingTree is providing special pricing for M.B.Om listeners, so be sure to visit offeringtree.com/mbom.

This episode is also brought to you by MagicMind.

As yoga teachers and business owners, we are often juggling a million things at once so productivity and efficiency are super important! That’s why I am very excited to be partnering with MagicMind. 

MagicMind is a productivity drink that is made of all-natural ingredients and has adaptogens to help decrease stress, nootropics that boost blood flow, and Matcha to help keep you focused. 

I am super sensitive to caffeine, which means that I can’t pound coffee all day to stay energized and productive and that’s one of the reasons that I love MagicMind. There is minimal caffeine so you can get energized without getting the caffeine jitters and then the caffeine crash. 

Whether you are someone that needs a boost of productivity in the mornings or the afternoons, MagicMind is the perfect drink! I love to use MagicMind for a quick pick-me-up during the afternoon lag and I love to make it as a Matcha Latte! It’s healthy, it tastes great, and it helps me get into my flow state.

If you’d like to experience the benefits of increased productivity and mental energy, you can get MagicMind at www.magicmind.co/yoga and use code yoga20 for 20% off.

In this episode:

• Transitioning from corporate finance to yoga instructing
• Exercising a gift for accounting in the world of yoga
• 2022 tax planning tips
• Keeping track of deductibles and receipts
• Using tax tech tools to automate your tax prep
• The benefits of choosing to pay attention to how money works in your business
• Keeping your business and personal accounts separate

Guest Links:

Website: knicholcpa.com

Instagram: https://www.instagram.com/shiftclarity/

 

Mentioned Links:

https://www.hubdoc.com

https://www.xero.com/us/