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13. How to Avoid a Surprise at Tax Time
Episode 139th May 2024 • Profitable Women • Sheila Hansen
00:00:00 00:15:16

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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, 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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Find the complete show notes here: https://hansenllc.net/how-to-avoid-a-surprise-at-tax-time-episode-13

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