Ep. 35: Why it’s Never Too Late To Create A Tax Plan with Ceinwyn Rudnick

Are you on top of your tax plan? Or do you reluctantly dig out all of the receipts you’ve been avoiding all year? In today’s episode Ceinwyn Rudnick, CPA and bookkeeper, shares why right now is the best time to get on top of your taxes, even in the fourth quarter. She shares upcoming changes in IRS statutes, advice for business owners at all levels, getting your children involved in your business and how to feel calm, confident and prepared when it comes time to file your taxes!

Ceinwyn educates and empowers small business owners to feel secure in their financial knowledge. She helps her clients with tax savings, boosting their bottom line & saving their time and sanity. She is passionate about helping women build long term wealth and start to change the dynamic of society itself. 

In this episode we chat about:

- How to make the most profitable use of your time

- Why prolonged losses can make you an IRS target

- Making finances fun

- What you need to know about PayPal, Venmo & CashApp

- Empowering your children to get involved in business

And so much more!

Connect with Ceinwyn: 

Veritasaccountingsolutions.com

www.instagram.com/ceinwynrudnick

Financial Alchemy Academy - https://www.facebook.com/groups/3597220467060253

Continue the conversation by joining my private Facebook group “I am Becoming…” here: http://www.facebook.com/groups/befearlesswithpaula

Connect with me on Instagram: https://www.instagram.com/be__fearless_with_paula/ Connect with me on LinkedIn: https://www.linkedin.com/in/befearlesswithpaula/

Don’t forget to rate and review The Confidence Sessions and please subscribe if you like what you heard! https://www.thecourageblueprint.com/podcast

TIMESTAMPS

(02:03) What does “6 figures” really means to the IRS?

(03:45) How reinvesting helps and harms you. How your tax plan should be a game of chess NOT a game of hockey.

 (04:55) The first question you should ask after deduction.

(06:03) How taking a loss can make you of interest to the IRS.

(07:14) When you get bigger your bottom line can get smaller!

(09:11) Planning your finances from a place of security. Should not be surprised by your tax bill.

(10:03) How breaking tax strategy down into chunks can make it manageable for everyone.

 (11:55)  The tax gap and how this might target your small business.

(14:33)  Prepared but scared? Don’t act out of fear with your taxes this year. Why right now is the time to fix your taxes!

(17:03) Are softwares as good as dedicated bookkeeping support?

(17:50) Is doing your own books the most profitable use of your time in your business?

(20:00) How to make it fun!

(22:10) Paypal, Venmo, CashApp the pros and cons.

(25:58) How to get your family involved

(27:58) Green Light, an empowering way to teach your kids how to earn, budget and spend.