Business

Bookkeeping for Yoga Teachers – A podcast interview with Shannon Crow

Show Notes from a recent Podcast where I spoke with Shannon Crow of  the Connected Yoga Teacher about money, taxes and business. Lots of info specifically for Yoga teachers but a lot can be applied to many small businesses. It’s the middle of the tax season in the US and Canada, and it can be intimidating to …

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Getting Your Records Ready For Your Tax Professional

Do It Yourself or Hire a Professional?​ When it comes to income tax preparation, there are two types of folks: do-it-yourselfers and those who hire professionals.   For many businesses, having a professional such as a bookkeeper or accountant prepare their income tax returns is the most sensible option. Not all of us have time …

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Worried about an audit? Check out the tips to make sure you are covered

Worried about an audit? Top 7 Triggers Explained

I was recently listening to someone share in a group setting. They were talking about tax audits and everybody’s fear of being audited. I jumped into the conversation and it became very clear that most people had no clue. It was the fear of the unknown.   Truly, nobody really knows what’s involved unless you’re …

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When do I start paying myself a salary in my business?

When Should I Start Paying Myself a Salary?

A potential client ask me recently whether business owners should collect a salary. The answer I gave was “it depends”. With that being said I do believe we should be compensating ourselves for the growth in our business instead of working for free.    You may already be familiar with Denise Duffield-Thomas of luckybitch.com.  I’ve …

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