How to Avoid a Surprise at Tax Time [episode 13]

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Ever been slapped by a tax bill you didn’t see coming?

That’s the gut punch we’re discussing today, as I unpack the harsh reality of surprise tax liabilities and the importance of solid tax planning. No one enjoys a surprise when it comes to their finances, and in this episode, I’m getting candid about why this happens and how to avoid a surprise at tax time. Quality bookkeeping is the hero of this story, and I’ll emphasize how keeping your records up to date, and engaging in regular conversation with your tax professional can make all the difference.

I’m here to guide you through creating financial systems and choosing the right team to help you achieve the best outcomes. Let’s tackle the challenge of taxes together so that when tax time rolls around, you’re ready, with no surprises or last-minute scrambling.

In this episode, How to Avoid a Surprise at Tax Time, we cover:

  • The harsh realities of unexpected tax liabilities
  • The woes of business owners who’ve learned their lessons the hard way and the triumphs of those who’ve nailed their financial systems
  • How to be an informed business owner and to become confident in your financial decisions
  • Two important tools that will equip you to avoid a surprise at tax time

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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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