In this episode of the Thoughtful Entrepreneur, your host Josh Elledge speaks with the Accountant,
Ashley Chamberlain.
Ashley Chamberlain is not just an entrepreneur; she's a beacon of clarity in the often murky waters of business finance. Her company's mission is to illuminate the financial path for business owners, helping them understand their cash flow and bottom line and optimizing their tax liabilities.
One of Ashley's first gems was the importance of utilizing home office deductions. For many entrepreneurs, the home office is the command center where all the magic happens. Yet, many overlook the potential tax deductions available. Ashley underscored the significance of this deduction, explaining how it can substantially lower your taxable income.
Another key point Ashley brought up was tracking mileage for business travel. It's not just about logging miles; it's about understanding the value of each business trip you take. By meticulously tracking your mileage, you can ensure you're not leaving money on the table regarding tax time.
Chamberlain and Good Company don't believe in a one-size-fits-all approach. Ashley detailed the different service packages they offer, designed to cater to the unique needs of each business. What struck me was the affordability and flexibility of their services. Ashley and her team are committed to providing value and support to their clients, regardless of their size or industry.
Key Points from the Episode:
- Introduction of Ashley Chamberlain, founder and CEO of Chamberlain and Good Company
- Services provided by Chamberlain and Good Company
- Benefits of using their services: gaining clarity on cash flow, understanding bottom line, and optimizing tax liabilities
- Importance of utilizing home office deductions, tracking business travel mileage, and strategically purchasing vehicles to lower taxable income
- Different service packages offered by Chamberlain and Good Company
- Emphasis on affordability and flexibility of their services
About Ashley Chamberlain:
Ashley Chamberlain is the visionary founder of Chamberlain And Good Company, a boutique financial services firm tailored to support entrepreneurs at various stages of their business journey. With a keen focus on fostering business growth, Chamberlain's company offers a suite of services, including bookkeeping, tax preparation, and cash flow strategy, to optimize profitability and minimize business liabilities.
Ashley innovative approach to financial management emphasizes personalized solutions that meet each client's unique needs, ensuring that entrepreneurs have the tools and insights needed to navigate the complexities of financial planning and execution. Through Chamberlain And Good Company, Ashley Chamberlain has established herself as pivotal in empowering businesses to achieve their financial goals with confidence and clarity.
Tweetable Moments:
02:40 - "The biggest deduction that I think people underutilize is the use of your home office."
Links Mentioned in this Episode:
Want to learn more? Check out Ashley Chamberlain on LinkedIn at
https://www.linkedin.com/in/ashley-chamberlain-385029266/
Check out Ashley Chamberlain on Facebook at
https://www.facebook.com/chamberlainandgoodcompany/
Check out Ashley Chamberlain on Instagram at
https://www.instagram.com/chamberlaingoodco/
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