CONFESSION: I’m a CPA Who Doesn’t Enjoy Talking About Tax Deductions [episode 3]

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On today’s episode, I share a peek behind the curtain of the accounting world with a personal confession that might surprise you. While tax deductions are a crucial piece of the puzzle for business owners, I discuss why they don’t bring me joy and why I believe there’s a bigger financial picture to focus on. Let’s unpack the scarcity mindset that plagues many entrepreneurs, who prioritize minimizing taxes over making profitable business choices. I advocate for a strategy that emphasizes profitability and sustainability, underscoring the significance of making decisions that benefit the long-term health of the business rather than fixating on immediate tax savings.

In this episode, CONFESSION: I’m a CPA Who Doesn’t Enjoy Talking About Tax Deductions, we cover:

  • The three reasons why I don’t enjoy talking about tax deductions 
  • An alternative outlook on tax deductions
  • How a scarcity mindset ensnares business owners
  • The trap of chasing tax code tricks
  • Why strategic decisions build a profitable & sustainable future

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More about the Profitable Women podcast:

If you find yourself avoiding conversations about money, are burnt out from working all the time and wondering where your cash goes, and are tired of not paying yourself consistently, you are in the right place. 

Profitable Women is for those who don’t want to choose between their career and motherhood. It is to educate you on the financial side of running a profitable and sustainable business. It is a safe place where you are seen and heard in your fears as a business owner. It is where we talk about the money stories that are showing up in your everyday business decisions. It is where we allow ourselves to get curious about the numbers and welcome financial abundance in our lives.  We will talk mindset, financial strategy, and numbers all with the goal of aligning our business to our life. If you believe in what you do and want to make it sustainable while building wealth, Profitable Women is the podcast for you! 

Your host, Sheila Hansen, is a CPA, coach, and business mentor who supports female business owners to make confident financial decisions. In addition to solo episodes, we will hear from other expert female guests who are out there supporting women with the work they do.

As profitable women, we are in this together!

Find more resources at hansenllc.net and be sure to follow Sheila on IG @Sheila.Hansen.CPA

[Disclaimer: Any opinions, recommendations, and tips offered on this podcast or other social media forms do not constitute individual tax or accounting advice. This content is designed to provide education and awareness of financial topics and responsibility for the benefit of the general public. Please consult a professional before implementing any of the suggestions made by Sheila or Sheila Hansen, LLC]

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