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How to Avoid a Surprise Tax Bill as a Small Business Owner

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Manage episode 519031527 series 3032845
Content provided by Evolved Finance. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Evolved Finance or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

No business owner wants to be surprised by a big tax bill at the end of the year. In this episode of The Profit Pillars Show, we're breaking down how to plan ahead, save strategically, and work with your accountant to avoid tax season stress. Parker Stevenson, CEO of Evolved Finance and author of Profit Pillars, explains why quarterly estimated tax payments are the key to staying ahead, how accurate monthly bookkeeping gives you the clarity to forecast taxes with confidence, and why separating your tax savings from your regular business savings helps protect your cash flow all year long.

If you've ever wished you had real-world financial guidance and smarter business strategies, this show is for you.

1:52 Why quarterly estimated taxes prevent year-end panic 3:32 Using monthly bookkeeping to estimate your tax bill 4:43 How much of your profit to save for taxes 10:11 Why proactive tax planning starts mid-year 12:12 The truth about big tax bills and what they really mean

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SUBSCRIBE to The Profit Pillars Show for new episodes on money, operations, and strategy designed to help you grow your online or modern small business with confidence.

-----------------------

Resources & Links From This Episode

πŸ“˜ Profit Pillars Book β†’ https://evolvedfinance.com/book πŸ’Ό Learn more about Evolved Finance β†’ https://evolvedfinance.com/services πŸ“š Finance Tools & Courses β†’ https://evolvedfinance.com/learn

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About the Show

The Profit Pillars Show by Evolved Finance gives entrepreneurs the guidance and clarity they wish they had sooner. Each episode delivers actionable advice based on Parker's years of experience helping business owners grow stronger, more profitable businesses.

-----------------------

Other Ways to Connect with Us

πŸ“Έ Instagram β†’ https://www.instagram.com/evolvedfinance/ πŸ’Ό LinkedIn β†’ https://linkedin.com/company/evolved-finance🎧 Listen on Spotify β†’ https://open.spotify.com/show/6ggjihbD5VfKhhjkth32pZ

  continue reading

243 episodes

Artwork
iconShare
 
Manage episode 519031527 series 3032845
Content provided by Evolved Finance. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Evolved Finance or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

No business owner wants to be surprised by a big tax bill at the end of the year. In this episode of The Profit Pillars Show, we're breaking down how to plan ahead, save strategically, and work with your accountant to avoid tax season stress. Parker Stevenson, CEO of Evolved Finance and author of Profit Pillars, explains why quarterly estimated tax payments are the key to staying ahead, how accurate monthly bookkeeping gives you the clarity to forecast taxes with confidence, and why separating your tax savings from your regular business savings helps protect your cash flow all year long.

If you've ever wished you had real-world financial guidance and smarter business strategies, this show is for you.

1:52 Why quarterly estimated taxes prevent year-end panic 3:32 Using monthly bookkeeping to estimate your tax bill 4:43 How much of your profit to save for taxes 10:11 Why proactive tax planning starts mid-year 12:12 The truth about big tax bills and what they really mean

-----------------------

SUBSCRIBE to The Profit Pillars Show for new episodes on money, operations, and strategy designed to help you grow your online or modern small business with confidence.

-----------------------

Resources & Links From This Episode

πŸ“˜ Profit Pillars Book β†’ https://evolvedfinance.com/book πŸ’Ό Learn more about Evolved Finance β†’ https://evolvedfinance.com/services πŸ“š Finance Tools & Courses β†’ https://evolvedfinance.com/learn

-----------------------

About the Show

The Profit Pillars Show by Evolved Finance gives entrepreneurs the guidance and clarity they wish they had sooner. Each episode delivers actionable advice based on Parker's years of experience helping business owners grow stronger, more profitable businesses.

-----------------------

Other Ways to Connect with Us

πŸ“Έ Instagram β†’ https://www.instagram.com/evolvedfinance/ πŸ’Ό LinkedIn β†’ https://linkedin.com/company/evolved-finance🎧 Listen on Spotify β†’ https://open.spotify.com/show/6ggjihbD5VfKhhjkth32pZ

  continue reading

243 episodes

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