How would a tax bill of $20k go for you right now?
No one wants bill shock.
It’s even worse when it’s a large sum of money and you just don’t have the cash.
When it comes to taxes, a lot of trainers are pushing it to the back of their minds to deal with later – every time they think about it.
And then all of a sudden it’s tax-o’clock and panic time!
I don’t recommend that method.
And when it comes to methods I do recommend, I obviously have to remind you that I am not an accountant and that this is not financial advice etc etc. Ok?
But I will tell you that when I have received large tax bills I have found great relief in knowing that the money to pay it is already set aside and ready to go.
On top of that, I also had another account building up a bonus for myself that I can take and use for anything I please.
This is because I use the Profit First System.
There’s a book by it’s creator, Mike Michalowicz, that I highly recommend. Check it out here.
At first I thought that setting up this system was a bit of a pain but it’s been immensely worth it and I wish I knew about it and used it back when I first started my business.
Many members of my Masterclass have now put it into place as well and it’s changed their business and their relationship with money.
Here’s a review I wrote a while back about using the system – read here
Until next time
PS Whenever you’re ready, here’s 3 ways that I would love to help you grow your business;
- Accept my challenge and choose 3 things from this list to get more clients this week – 62 Proven Ways To Get More Dog Training Clients and DO THEM
- Can’t figure out what to charge to earn what you would like? Grab my free rates guide here which includes how to calculate your base rate – grab here
- Follow me on the book of faces – https://www.facebook.com/tenillejwilliams/