Owner Contributions

Owner Contributions

You've probably heard of an Owner Draw and that term does get tossed around a lot. If you need a quick refresher Owner Draws, head here. But what is an Owner Contribution? You've actually probably made these before and quite possibly never even realized it.  What is...

Owner Draw 101

Owner Draw 101

  Have you heard the term Owner Draw, but you're not really sure what it covers? Are you sure you understand all the types of transactions that can be considered an Owner Draw? Today I'm going to go through Owner Draws and lay it all out for you. So let's go....

Tax ID EIN 101

Tax ID EIN 101

As you get your creative business up and running, there's so many things to understand. The question I get a lot is what is a Tax ID or EIN number? Do I need one? What is it used for? How do I get one? Today we'll discuss when you need a Tax ID/EIN, how to get one,...

DBA and LLC: How To Be Legit

DBA and LLC: How To Be Legit

Did you know the second that you receive money in exchange for a product or service or even something that's part of your side hustle, you're considered a sole proprietor? I'm going to make sure you understand what that means for you and show you how to legally secure...

Estimated Tax Payments

Estimated Tax Payments

What the heck are estimated tax payments? Did you know that you should be making those? It's not a choice. It's a requirement. There are hefty penalties and fines for those under-paid and non-paid estimated tax payments. Today, I'm going to walk you through what you...

Business Tax 101

Business Tax 101

Did you know that you really don't pay "business taxes", that all taxes that you have as a trademasterneur are most likely personal? Today, I'm going to dive in and explain this to you so that you have a better understanding of what's going on at tax time. So let's...

5 Taxes Creative Entrepreneurs Should Know

5 Taxes Creative Entrepreneurs Should Know

Taxes for business can be overwhelming and stressful when you do not understand them. There are a lot of different kinds of taxes; Sales Tax, Income Tax, Self Employment Tax, and even Payroll Tax! I hear from creative entrepreneurs all the time that taxes get really...

How To Pay Yourself

How To Pay Yourself

Have you ever wondered how to pay yourself?  Can you confidently say that you are paying yourself correctly? When you're rocking your creative business and you're finally making money, you will still have personal bills to pay. How to pay yourself is a common question...

Sales Tax 101

Sales Tax 101

Sales tax can be super confusing for creative entrepreneurs. Sales Tax is different. I’ll walk you through everything you need to know so you understand how to handle sales tax in your creative business.

Standard Deduction Versus Itemized Deduction

Standard Deduction Versus Itemized Deduction

I feel like tax pros toss these terms around and many creative entrepreneurs sort of glaze over and nod never really knowing what exactly all of this means. Knowledge is power my friends, and I am here to empower you! So let's dive in. So... What is the standard...

What Is QuickBooks Payments?

What Is QuickBooks Payments?

Did you know that you can process customer payment and set up auto-debits right inside QuickBooks Online? This is just another reason to implement this powerful bookkeeping app. In this post, I am going to break it all down for you.

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