The One Tax Strategy Every Business Needs • Tanya Akimenko

Show Notes: A Conversation with Financial Expert Tanya Akimenko

In this insightful episode, we sit down with Tanya Akimenko, a seasoned financial expert with nearly 20 years of experience helping small business owners manage their finances, master tax strategies, and gain clarity in their bookkeeping.

Tanya’s passion for simplifying financial concepts and empowering entrepreneurs shines through as she shares her journey, expertise, and actionable advice.

Episode Highlights:

1. Tanya’s Journey into Finance

Growing up in a small Alaskan town with limited access to resources, Tanya took the initiative to learn finance through distant learning, overcoming the challenges of self-study and trial and error.

Today, she brings that dedication to her clients, offering them practical tools for financial success.

2. Key Tax Strategies for Entrepreneurs

Tanya emphasizes the importance of choosing the correct tax entity for your business. She explains how being in the wrong entity can lead to overpaying taxes or missing out on potential benefits.

3. The Power of Bookkeeping

Bookkeeping isn’t optional—it’s essential. Tanya discusses how regular tracking of income and expenses ensures profitability and helps entrepreneurs make informed financial decisions.

4. Simplifying Complex Financial Concepts

Tanya shares her approach to breaking down accounting jargon into everyday language that business owners can easily understand, ensuring they stay informed and empowered.

5. What to Do If You Can’t Pay Your Taxes

Filing taxes is non-negotiable, even if you can’t pay immediately. Tanya explains how setting up a payment plan with the IRS can keep you compliant and avoid unnecessary penalties.

6. Cash Flow and Financial Planning

Planning your finances is just as important as reporting them. Tanya highlights the distinction between tax reporting and tax planning and why both are critical for long-term success.

7. Common Financial Mistakes Entrepreneurs Make

Fear of numbers often prevents business owners from regularly reviewing their finances. Tanya advises breaking the process into small, manageable steps to avoid financial surprises.

8. Final Thoughts from Tanya

Tanya encourages listeners to create a process that aligns with their natural rhythms, whether it’s reviewing finances in the morning or at night. The key is consistency.

Connect with Tanya Akimenko: https://www.goldenappleagencyinc.com/

For more financial insights or to get personalized advice, Tanya invites listeners to reach out to her.

You can connect with her for tax planning, bookkeeping tips, or general questions about improving your business finances.

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This episode is packed with practical advice for entrepreneurs looking to take control of their financial health.

Tune in to learn from Tanya's wealth of experience and start building a solid foundation for your business's success.

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