Ep 50 | Budgeting & Taxes

While there are always parts of running a business that some people will love more than others, most people can agree on one thing: tax season is a pain.

But it doesn’t need to be. There are things that you can do to make tax season run much more smoothly for your practice.

From setting up systems and accounts to choosing your business structure, to dealing with financial complexity, this episode is a primer for getting your practice through tax time with fewer headaches. 

“How can I keep as much of my money as possible, in the most ethical way possible?”

 

In this episode, we will cover:

• How to have a profit-first mindset (04:50)
• The importance of professional guidance when determining your business structure (06:00)
• How to access our monthly Deeper Dives, where we learn great tips from top experts… and each other (10:20)
• The difference between “business expenses” and “the cost of doing business” — and what it means for your practice (11:42)
• What separate accounts and credit cards do you need (18:00)

 

 

Links and Resources

• Subscribe to the Deeper Dive Membership: https://learn.paperlesslactation.com/subscription/deeper-dive-membership
• Have an idea for a podcast episode or a Deeper Dive? Let us know! https://learn.paperlesslactation.com/form/collaborate

 

If you like what you heard today, please follow us on Facebook and Instagram and leave us a review on iTunes. You can email us questions and comments at hello@lactationbusinesscoaching.com.

 

About Us

Leah Jolly is a private practice IBCLC with Bay Area Breastfeeding in Houston, Texas.

Annie Frisbie is a private practice IBCLC serving Queens and Brooklyn in New York City and the creator of the Lactation Consultant Private Practice Toolkit.

Many thanks to Stephanie Granade for her production assistance, and to Silas Wade for creating our theme music

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