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 ResourcesSubscribe to the Deeper Dive Membership: https://learn.paperlesslactation.com/subscription/deeper-dive-membershipHave 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 [email protected]. About UsLeah 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 Thanks to our monthly supporters Emily Maize Tiffany Gillies Katherine Leigh Heister Katherine Leigh Heister Gina Pepe Gina Pepe Sara Huddleston Sara Huddleston Allison Walsh Allison Walsh Rebecca Leese Rebecca Leese Celia Clark-Randall Celia Clark-Randall Chanelle Andrews Denise McDonald Denise McDonald Nurse Nikki Nurse Nikki Mary Muse JOC Team JOC Team Heather Bell Heather Bell Nicole Letizia Nicole Letizia Cathleen Walker Sarah Shapiro, IBCLC Sarah Shapiro, IBCLC Lisa Meyer-Jones Lisa Meyer-Jones Theresa Hardy Heather Martin Heather Martin Susan Johnson Susan Johnson Maggie Rezende Maggie Rezende Elizabeth Stapleton Elizabeth Stapleton Heather Mastro Heather Mastro Melanie Tarr Melanie Tarr Molly McMillion Molly McMillion Morenike Tyehimba Morenike Tyehimba Margot Hodes Margot Hodes Denise McDonald Denise McDonald Audrey Thompson Audrey Thompson Beth Brownstein Beth Brownstein Zee Ifan Zee Ifan Maria o Sullivan ★ Support this podcast on Patreon ★