Avoiding Tax Traps: Managing Cash Flow and Tax Debt as a Small Business Owner

In today’s episode, I’m diving into understanding your cash flow and staying on top of taxes as a small business owner. Whether you're just starting out, a couple of years in, or haven’t looked at your numbers in a while, this episode is all about getting clear on your taxes and financial basics that’ll keep your business moving forward!

Topics Covered:

• Why managing cash flow and setting aside taxes is essential for business growth.
• The tax challenges service-based businesses face versus product-based businesses.
• How ignoring tax payments can lead to debt that’s harder to pay off over time.
• Creative solutions for paying off tax debt if you’ve fallen behind.
• Mindset shifts to help you tackle tax debt with grace and motivation .

Tune in for practical advice on handling taxes and cash flow to avoid future headaches. Give yourself grace, it’s never too late to get on top of your finances!

Staci's Links:
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Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!