The Fire Nation Podcast - 20 21 Taxes

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i'm pretty obsessed with organization and attention to detail. And so i was really thinking about some of the biggest things that we're doing to not only feel prepared, but also help our tax team make it easy on everyone involved. So what does that look like? What i start with is a folder and drop box, and i just name it 20 21 taxes. We use zero x e r o online accounting software that pulls in all our transactions from our different bank accounts, from our different credit cards, et cetera. By labelling transactions every single month, both money in and money out, that really helps us and our bookkeeper and our c p as at the end of the

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it’s not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income101, and IGNITE! January 2022 Income At-A-Glance Gross Income for January: $215,205

Total Expenses for January: $26,721

Total Net Profit for January: $188,484

Difference b/t January & December: -$8,764

% of net profit to overall gross revenue: 88%

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