OK, show of hands, who here sits around and talks about money like it’s no big deal? I’m willing to bet, very few of you are raising your hand now. Money and finances are one of those taboo topics it seems that no one really wants to ask about but really has a lot of questions they want answered. Well, you’re in luck because today our topic is what to do with and how to handle your money with our guest Braden Drake. Bookkeeping, taxes, and paying yourself. We’ll cover all that and more!
In this episode, you’ll hear about:
- Meet Braden and hear his story
- First foundational steps for your income
- Breaking down good bookkeeping needs
- When do you need a professional
- How to classify your expenses
- What things are tax deductible
- Managing profits and paying yourself
- Benefits of a S-Corporation
- Employees vs Independent Contractors
- Taxes you might need to pay
RESOURCES WE MENTION:
Kristin Binford Venue Consultant – new venue owners’ Facebook group and Masterclass
EventStable – save $100 on your order
Small Business Start Up Guide book – use code AISLEFILE10 to save 10%
The Venue Owner Shop – use code FIRSTORDER to save 15% on your first order
The Contract Law Shop – use code KELLYEWELL10 to save 10%
ABOUT OUR GUEST:
Braden Drake is a California-licensed attorney who primarily works with creative small business owners. He also has a master’s degree in tax law and serves as a tax consultant, bookkeeping, and tax preparer under his second business, Creativepreneur Consulting. Which also has its own podcast, the Creativepreneur Podcast.
BE A FRIEND:
Leave an iTunes review here.
BE A GUEST:
Are you passionate about sharing your knowledge about running a wedding venue? Know someone who is? Email us at firstname.lastname@example.org to let us know why you’d be a great person interview!
Find full show notes from this episode here.
The Aisle Files Podcast is created and produced by Kelly Ewell, owner of 48 Fields Farm.