Category: personal finance

Top Reasons on Why You Need a Business Coach

If you’ve ever owned your own business, had to make an important decision, or simply been a human being on this planet, chances are you could have used the help of a great mentor or coach. Having someone who can encourage you and support you in moving forward to achieve your goals is invaluable. That’s what coaching does for my business.

Have you struggled before with certain parts of your business?

The right coach will help you address any and every aspect of your business. They can help you with marketing, sales, workflow—any area where you feel like you need support.

Your coach can also be a sounding board to bounce ideas off of or get feedback on new products or services. They can help you with your team and hiring process so that everyone works well together, they’ll even give advice on creating an employee handbook if needed! A great coach will also advise on financial planning, including saving money for future growth opportunities and creating budgets for each department that align with the company goals.

Do you have trouble getting traction when launching a new product or service?

Is your launch a success or a failure? Does it seem like no one is buying what you’re selling, even though your product/service is great and you work hard to ensure that it’s up to par? You may be looking at the wrong thing. It could be that people are just not familiar with what you have to offer because they haven’t heard about it before. This is where having a coach can help.

Coaches will provide advice on how to get traction when launching any new product or service, whether it’s an app, website, physical product, or service-based business (such as coaching). They’ll provide guidance on how best to present yourself as an authority figure in your industry so that more prospects will be interested in hearing about what you do for them. Coaches are also experts at marketing — so if there’s one thing they know how to do well …

Are you looking for support in reaching the next level in your business?

Are you looking for support in reaching the next level in your business?

Do you want to achieve more and be better at what you do?

If so, a business coach can help. A business coach will work with you to identify your goals, develop a plan to reach them, keep you motivated and focused on what matters most, and help set realistic expectations for yourself.

Do you have a dream to be an entrepreneur but aren’t sure what to focus on or where to begin?

Do you have a dream to be an entrepreneur but aren’t sure what to focus on or where to begin?

Business coaching is a great way to help you focus on what is important.

It can also help you set your priorities and create a plan to achieve your goals.

Do you want to make an impact in your industry and need someone to help keep you on track?

What if you could work one-on-one with someone who has been where you want to go? Someone who knows exactly what it takes to get there. A coach can help keep you on track. They will guide and support you in setting goals and working towards achieving those goals.

A coach can help guide and support you in setting goals and working towards achieving those goals. Coaching is about creating a plan for success, then providing resources for accomplishing that plan so that the client takes ownership of their growth process.

Business coaching can help at every stage of your company’s growth.

One of the great things about business coaching is that it can help you at every stage of your company’s growth. A coach will be able to provide guidance and support as you get your business off the ground, but he or she can also be there for you when things become challenging.

When starting a new business, it’s easy to get overwhelmed by all of the decisions that need to be made during launch. Whether it’s planning a new product launch or hiring employees for the first time, having someone on your side who knows how overwhelming this process can feel will make all the difference in helping you reach your goals.

As an established entrepreneur, one thing I hear often from my clients is how they want more clarity around what their next big step should be in growing their businesses—and sometimes even if they should grow or stay put! Having an outside perspective helps me see where they are stuck and where they might benefit from some outside guidance so we can devise a plan together based on these discoveries.

Conclusion

Just like you would train to run a marathon or hire a personal trainer to get in shape, a business coach can help you reach your goals faster, avoid making costly mistakes and stay accountable. Taking the time and investing in yourself will help you reach your entrepreneurial dreams more quickly, with more support along the way.

Do you need help or advice in setting up your business? Whether you need a website click funnel created, business structure, bookkeeping, help with your business credit, or even on getting your own virtual assistant.

Take advantage of this FREE business check-up.

LIKE, SAVE AND SHARE IF THIS WAS HELPFUL

AVOID THESE 6 MONEY MISTAKES IN YOUR 30s!

As you get into your 30s, you’ll realize that they’re a crucial decade of your life. You may be past the point where you don’t know what to do but you can still find ways to be proactive with your money.

Here are money mistakes you should learn to avoid in your 30s:

1. NOT HAVING AN EMERGENCY FUND

It is important to have an emergency fund to avoid debt in later life. Ideally, this account should cover three to six months of your essential expenses so you can cover any unexpected events such as losing your job or costly medical issues. It is highly suggested to put your emergency fund in a saving account so you can access it immediately and do not need to worry about a downturn in the markets affecting how much money you have.

2. BEING UNDERINSURED

Most people don’t like to buy insurance because it means paying for something that they hope to never happen/use. However, the consequences of being uninsured are so large that they can wipe you out financially. One accident on the job or medical emergency can change your financial structure just in the blink of an eye.

The types of insurance that are highly recommended are:

– Term life insurance

– Health insurance

– Disability insurance

– Renter’s insurance

3. MAKING MINIMUM PAYMENTS ON HIGH-INTEREST DEBT

If you have high-interest personal loans or credit card debt, it is suggested to pay them down as aggressively as possible before you focus on a low-interest loan or a mortgage. The faster you can pay those high-interest loans off, the more money you can put towards other financial goals that become increasingly important as you progress in your 30s.

4. BUYING TOO MUCH PROPERTY/HOUSE

Home/property ownership is gratifying and can lead to wealth creation. However, it is not guaranteed. You have to make sure that your housing budget includes room for things like unexpected repairs, maintenance, and potential changes to your future income if you start a family.

5. NOT AGGRESSIVELY SAVING FOR RETIREMENT

Retirement can seem far away when you are in your 30s. But every dollar you save for retirement now will be 10 to 20 extra years to accumulate compound interest than money saved in your 40s and 50s. You can set up an IRA (Individual Retirement Account) that will automatically move money from your checking account on payday.

6. SAVING FOR YOUR KIDS BEFORE SAVING FOR YOURSELF

When you become a parent, it is natural to want to put your kids’ needs in front of your own. However, saving for your children’s college education before you save for your own retirement is a terrible mistake. There are many ways to pay for college such as scholarships or applying to less expensive institutions but there is no way to pay for retirement other than saving.

When people enter their thirties, there are typically 20-30 common money mistakes they’re making. However, we’ve narrowed it down to the 6 most important money mistakes that need to be fixed if you want significant financial improvement.

Don’t forget to leave your comment below. Like and share this article with your family and friends if you found it useful and important.

How to Save Money by Organizing Your Life

Organizing your finances will make you better at making spending choices. Organizing your purchases will help you deal with personal debt. Generating wealth is not always about having the most assets or money to spend. Sometimes analyzing your assets and planning for their future use pays off in an unexpected way. A lack of organization can harm your finances as much as being short on cash.

How you are potentially losing money because of disorganization.

Duplicate Items

You may have purchased duplicate items because you can’t find what you need when your need it OR you don’t even know you have it.

Late fees

23% of adults say they pay late fees because they can’t find the bills. How many late fees have you paid in the last year?

Excess Stuff

Just looking around your house, I bet you can see things you no longer use, or in reality, never used. How many hundreds of dollars are represented in your stuff?

Subscriptions

Do you have more than one streaming service subscription? Now, how often do you really use them?

Eating Out

This is an easy way to get food on the table, but it is definitely not the healthiest or the best financial decision.

What you can do starting TODAY

Go on a treasure hunt

Put like items together and see what duplicates are lurking. Visit your storage unit and make a plan to eliminate your dependence on this space.

Become more mindful of your future purchases.

You could even create a 30-day list and see if you still want the item(s) after 30 days. This reduces the spontaneous buying that is so easy to get caught up in.

Create a meal plan

One week I spent $30 on groceries because I already had most of the items at home. If I didn’t have a list or a meal plan, I would have certainly spent more than that!

Take really good care of your stuff

This includes your car, lawnmower, computer, sports equipment, children’s toys, etc. For example, it costs less to replace a spark plug and air filter every year than to buy a lawnmower every 3 years.

If your own peace of mind wasn’t enough to motivate you, maybe knowing there is a direct financial benefit to getting organized will do the trick!

Other financial benefits of organizing your life:

Make money on the items you are willing to sell. Have more time to spend on money-generating activities such as starting your dream business or pursuing a higher-paying job.

Have more time and energy to devote to your own self-care for better emotional and physical health.

More time and energy to explore free and active hobbies such as walking, yoga, library trips, journaling, biking, etc.

You may feel like money is a topic that has nothing to do with your life. However, it’s important to not think this way as personal finance has a huge impact on every aspect of your life. Regardless of your financial situation, whether you’re looking to make more money or trying to save money, it’s worth staying organized. It is crucial that you make financial organization a priority in your life. This will allow you to get a better understanding of the different aspects of your finances, create more wealth, and keep it over time.

If you need any financial help or advice, check out Ingram Taxes. They offer FREE Financial Consultation and FREE BUSINESS CHECK-UPs, and credit repair assistance, 24/7.

 Call or text 866-824-1440 to join the Ingram Taxes Club or visit www,ingramtaxes.com to know more about the services they offer.

DON’T FORGET TO LIKE, SHARE AND COMMENT.

4 Key tips to Get Better With Your Money

Get a Better Financial Mindset

You need to work on your mindset to succeed financially. Keep a journal, read books, watch motivational videos, or get a mentor.

Define Measurable Goals

Make sure your goals are measurable. Break down your big goals into small, easily digestible chunks so you don’t get overwhelmed

Prepare Your Financial Plan

Then, set up a plan for allocating funds to each of your goals based on the priority you have assigned to them

Budgeting is Your Friend!

If you want to get better with money, you have to love it. A budget helps you track your spending and income.

If you want financial tips and information regarding your taxes, 📩 text 866-824-1440 to join the Ingram Taxes Club. they will answer any financial questions you have.

Need someone to answer business credit questions? Book a FREE consult on ingramtaxes.com.

SHARE, LIKE, AND SAVE THIS ARTICLE IF YOU FIND IT USEFUL!

How to Find a Reputable Tax Preparer Near You | Ingram Taxes

You may want more personalized help filing your tax return this year, and you have a wide range of options and resources.

A tax expert can make sure you get all the tax breaks you deserve, especially in a year where your tax situation may be very different than it had been in the past. Many tax professionals can also help you with tax planning that can save you money in the future.

What Kind of Tax Preparer Do You Need?

When choosing between tax preparers, one of the key factors to consider is their level of experience. They usually have different tiers of services, with some completing just your federal and state returns with little or no additional help offered. But if you had a few different jobs during the year, did some freelance work, started your own business or had other complicated tax situations, then you may need more help. If you’re not really sure what expenses are deductible, an accountant would be able to help you. They might find tax breaks applicable to your business that aren’t even clear to the IRS.

Anyone with an IRS Preparer Tax Identification Number can prepare federal tax returns. But you should consider the level of their experience and qualifications. Enrolled agents, CPAs and attorneys can represent clients before the IRS in audits, payment issues and appeals. The Annual Filing Season Program helps other tax preparers who have completed a specific amount of continuing education to prepare for the tax season. There are also PTIN holders who haven’t completed these certifications and, as a result, they can prepare tax returns but can’t represent clients in front of the IRS. The IRS Directory is the best way to find quality tax preparers near you. Tax season is just around the corner, so now is the perfect time to find one! Before you hire a tax preparer, ask family and friends for their opinions on who they’ve worked with in the past. Make sure to also do some research from reputable websites on the company that has been recommended to see if there are any complaints. If everything looks promising, you can then contact them for more details on their services.

Make sure your tax preparer can meet your needs. Do you just need them to file your return, or would you like them to help you with anything else? If you’re just starting out in business, for example, it might be helpful to work with a tax specialist – such as an enrolled agent or Certified Public Accountant – who can let you know about future deductions and tax-planning strategies. If you’re nearing retirement and have a lot of money in your tax-deferred retirement savings plans, it can be a good idea to meet with a qualified advisor who’s also skilled in financial planning and tax preparation. This way you can get professional advice about the most tax efficient way to withdraw from your savings.

Ask questions about the return so you understand what they’ve done and the credits and deductions they’ve taken, which can help you know how to take the tax breaks in the future. “A good tax preparer will explain each step of the process with a taxpayer and allow them to ask questions.” 

Inquire about their back-up support if you have any questions in the future. Avoid tax preparers who only operate a few months a year and will not be there after an IRS audit. In addition to protecting your data, you want to find a tax professional who can help you year-round in case you need to amend a return or if the IRS comes back with questions.

Conclusion: As you can see, there are many benefits to hiring a tax preparer. 

When you’re done filing your own taxes, you may find yourself making the same mistakes year after year. Hiring a professional can help save time and money, while also ensuring that your taxes are filed correctly. Here at IngramTaxes.com, we’re dedicated to helping all our clients receive the best possible results when it comes to tax preparation and filing.

Contact us today for more information about how we can help you! If you are looking for the best tax filing services, we can help. Get in touch by texting/calling us at +1 866-824-1440 or email us at info@ingramtaxes.com. Our professional team is available to take care of your needs and make sure you get what is rightfully yours.

Filing LLC Taxes

Ingramtaxes.com

LLCs are a great way for entrepreneurs to make their personal and business finances separate.

But how will they be taxed?

LLC taxes are one of the first things that you need to take care of on the way to starting your own company. You will need to file both state and federal tax returns as a single-member LLC. These documents will be required for opening your new business bank accounts, so it’s best to get them done as soon as possible.

You may be able to prepare both sets of taxes on your own if you have experience with accounting software or some basic knowledge of taxes. However, there is a lot of information that you may not know about LLCs and related taxation matters, so consulting a lawyer or accountant is always a good idea before proceeding.

LLCs are taxed differently than traditional corporations. Corporate taxes are calculated by taking the company’s net income and dividing it by the total number of shares to get a “taxable income per share,” which is then multiplied by the total number of shares to determine the total corporate tax payable. 

On the other hand, LLCs are required to calculate their taxable income in a slightly different way. LLCs pay taxes on their net profit with no division into separate taxable incomes for each member.

The Internal Revenue Service (IRS) provides that an LLC member’s distributive share of the company’s profits or losses is determined in proportion to his or her percentage interest in the profits and losses of the company, without considering any adjustments for items such as capital.

Incredibly, LLCs can be taxed as a corporation or a sole proprietorship, but not as an individual.

Advertisements

LLCs are taxed like a sole proprietorship or partnership. A one-member LLC is taxed like a sole proprietorship. The member reports the LLC’s income or loss on his/her individual tax return and pays taxes at his/her individual tax rate. If you are the only member of your LLC, you do not need to file an annual tax return with the IRS because you are self-employed by default.

Filing LLC taxes can be challenging for new entrepreneurs, especially if they are not sure how to prepare their tax returns. Tax attorneys can help with this process and make the entrepreneur feel more confident in their new business.

The Internal Revenue Service requires all its taxpayers to file federal income tax returns, regardless of whether or not they have any income. If you are a one-member LLC, it is very important that you follow the correct procedure to file your federal tax return so that you don’t get penalized by the IRS.

Filing LLC taxes is not as straightforward as it seems. Many people end up owing money due to errors and misspellings. It is best to hire tax professionals who specialize in the field and can save you from any penalties or fines.

You can’t file your taxes unless you have a business name. This is the only way to distinguish your company from others. The IRS allows for several different types of business names, including a sole proprietorship, partnership, corporation, or LLC.

If you are planning to start a business, then consider forming an LLC instead of a sole proprietorship or partnership. This way, you will have limited liability for your business’ mistakes andpay less taxes on your profits.

You may need to do some research before filing your taxes as an LLC if you want to find out what an LLC is and how it’s taxed. If you want peace of mind when it comes to the financial aspect of running your company, then it might be worth looking into using an accountant and/or lawyer for help with filing and organizing your taxes.

If you have any questions about how your LLC will be taxed, consult with a tax attorney.

If you have an attorney prepare your taxes for you, they will charge an hourly fee. You can also work with a CPA if you decide to do your own taxes in order to get peace of mind that they were completed correctly because CPAs have clients whose files they must review before filing them with the IRS.

Conclusion: When you’re filing LLC taxes, it’s important that you do so correctly. 

While there are a lot of things to consider, with the help of the tips provided here, you should be able to file your taxes in no time at all. If you would like more information on this subject or any other business consulting services we offer, please get in touch today by texting/calling us at +1 866-824-1440 or email us at info@ingramtaxes.com. 

Here At Ingramtaxes.com we look forward to helping you get your company set up and ready to pay taxes this year!