Business By The Books with Danielle Hayden

Understanding your business financials goes beyond bookkeeping: it's about making informed strategic decisions that support your professional and personal goals. In this episode, CEO Danielle Hayden examines what it truly means for owners to manage their business and "know your numbers." Challenging the misconception that business owners need a team of experts to reach their goals, the knowledge shared in this episode will empower CEOs to take charge of their business with confidence and clarity. Tune in now to transform your business financials! Key Takeaways: Understand the role of business owners and CEOs in financial management, beyond just "knowing your numbers." The accounting industry's dirty little secret: By taking control of the numbers and asking the right questions, anyone can make informed, strategic decisions about their business. Aligning business goals with financial strategies is essential for growth and success. Topics Discussed: The Role of Business Owners in Financial Management (0:59) The Dirty Secret of the Accounting Industry (3:04) A Client's Transformation: Jenna's Business Story (4:41) This Week's Homework: The First Step to Taking Charge of Your Financials (9:33) For help with business and personal goals and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/channel/UC7T_NMMpY1u7bnBrNptEYkA Facebook | https://www.facebook.com/kickstartaccountinginc

Ever wonder how to navigate the maze of meal deductions as a business owner? Join us in this insightful episode where Danielle Hayden, founder and CEO of Kickstart Accounting Inc., and Kelsey Chester, Lead Account Manager, break down the misconceptions about deducting meals for your business, and how to stay compliant with the IRS. From deductions for company events to the nuances of 50% deductions for meals with clients, everything you need to know is in this episode. Tune in now before your next dinner out! Key Takeaways: Learn how to confidently navigate meal-related tax strategies to maximize tax deductions for your business. Discover when you can claim 100% deductions from meals and when to claim 50%, and avoid common pitfalls that could cost you money. Get essential tips on proper financial documentation for meals, what details you need to record, and why it matters for IRS compliance. Avoid common mistakes business owners make when it comes to deducting meals, helping you stay on the right side of the IRS. Topics Discussed: Intro (0:00) Maximize Tax Deductions, Not Dine on Taxes (0:51) Examples: 100% Tax Deduction when Looking at Meals (2:29) Examples: 50% Tax Deduction when Looking at Meals (4:07) Meal with Spouse for Business Purposes: 50% OR 100%? (4:37) Money Mindset Mastery Framework IRS Guidelines Regarding Meal Tax Deductions (4:54) Bookkeeping Perspective (6:23) Episodes Mentioned: EP 77 – Retirement Plan Strategies That Will Reduce Your Business's Tax Liability For help with business and personal goals and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Kickstart Accounting Inc.: Instagram | @Kickstartaccounting YouTube | @EntrepreneurMoneyStories Website | Kickstart Accounting, Inc. Facebook | Kickstart Accounting, Inc.

Ever found yourself exhausted from transforming your home into your dream office space, only to wonder who pays the bill? In this episode, CEO Danielle Hayden unveils the secrets to maximizing your deductions this tax season with a deep dive into the often-overlooked realm of home office deductions. Explore how your home office can become a tax strategy, the requirements for it to become a business expense, and the different models you can use for tax deductions. Don't let your hard-earned money slip away – don't miss out on this full guide to make your home office work for your business! Download your home office deductions checklist: https://kickstartaccountinginc.com/homeofficedeductions Key Takeaways: Home-Office Deductions Basics: Learn how having a home office can be a valuable tax strategy for business owners. Deductions Requirements: Understand the requirements needed for your home office to be determined as a business expense. Explore the different deduction models for S-Corps and LLCs based on your business and personal preferences such as the Flat Rate and the Percentage Method Models. Learn the importance of having organized documentation, and submitting monthly or quarterly business expenses. Topics Discussed: Intro (0:00) Client Example: Freshly Painted Office but Who'll Pay for it? (1:16) What is Home Office Deduction (3:13) First Step: Ask Yourself These Questions! (3:55) Conversation with Kelsey Chester on Writing Off Your Home Office (4:18) Second Step: Determine Your Entity Type (5:15) Mindset Mastery Framework (6:03) Accountable Plan: Reimbursement and Documentation (7:06) What Does the IRS Say? (9:01) What Home Office Expenses Are Tax-Deductible? (9:54) Scorps Have 2 Options (10:57) LLCs Have 2 Methods: Flat-Rate Method and Percentage Method (11:11) Last Step in the Framework: Discuss with your CPA (12:42) Document: Get Ready for Tax Season (13:11) Don't Co-mingle Business and Personal Expenses (13:54) Don't Leave Money on the Table (14:51) Other Episodes Mentioned: Ep 143 - Don't Jeopardize Your Business! Why Not Co-mingle Business & Personal Finances For help with your home office deductions and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Kickstart Accounting Inc.: Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. YouTube | @EntrepreneurMoneyStories Facebook | Kickstart Accounting, Inc.

How often do you find yourself avoiding discussions about money, feeling a wave of stress, when faced with financial matters in your business? In this episode, CEO Danielle Hayden is joined by Becky Clabaugh, a Financial Behavior Change Expert to explore the reasons behind the avoidance of money discussions among entrepreneurs. Becky shares her expertise as an emotional regulation expert, delving into the psychological aspects of our relationship with money and providing valuable insights on how to transform your approach to finances. If you're ready to unlock a healthier relationship with your financials and embrace your role as the CEO of your business, tune in now for strategies and empowering perspectives. Tune in now! Key Takeaways: Discover how cultivating a positive mindset is the key to unlocking financial success. Building financial resilience and breaking free from money-related limiting beliefs. How your feelings about money impact your decisions and overall financial well-being. Gain insights on building financial confidence and transforming your money mindset. Finding the sweet spot between logic and emotions for better financial decision-making. Exploring the nature versus nurture aspect of one's relationship with money and how early experiences and beliefs contribute to financial attitudes. Topics Discussed: Intro (0:00) Emotional Flight OR Fight Around Money: Why Are We Here? (2:18) Nature Over Nurture (4:55) Goal Trauma and Financial Trauma: Is it Tough Even as an Expert? (6:21) How Becky Started Her Journey? (08:03) Knowing Your Numbers vs Following Intuition (10:44) Heal: Money Trauma is Okay (11:56) First Step of Transition: Awareness (14:22) Mindset Mastery Framework (16:47) Action Steps (17:50) Second Action Step: Replace Wonder with Worry (20:03) Actions Steps: Sympathetic VS Parasympathetic Nervous System (20:59) Drinking To Cope with Something VS Drinking For Pleasure (23:12) How to Manage Stress Around Numbers (25:07) Celebrate and Reevaluate (27:09) For help with your money mindset and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Becky Clabaugh: Quiz | The Hidden Money Agenda Instagram | @Becky_Clabaugh_Coaching Connect with Kickstart Accounting Inc.: Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. YouTube | @EntrepreneurMoneyStories Facebook | Kickstart Accounting, Inc.

Ever wondered how your business could benefit if you could reduce your tax liability and increase savings all while ensuring compliance with the IRS? In this episode, Danielle Hayden, CEO & Founder of Kickstart Accounting Inc., and Kelsey Chester, Lead Account Manager, spill the beans on some of the most powerful tax-saving strategies for business owners. From choosing the right entity type to diving into the intricacies of becoming an S-Corp, they break down the criteria you need to know. Don't leave any deductions on the table! Whether you're a seasoned entrepreneur or just starting, there's a strategy for you. Ready to transform your approach to taxes? Key Takeaways: S-Corps: net income, expense separations, and solid bookkeeping for your S-Corp Status. Health Saving Accounts (HSA plans) as an essential investment for tax-free growth, high-deductible insurance, and taking care of yourself. Secure your financial future by leveraging 401k and IRA contributions while reducing your taxable income. How your home can turn into a deductible business expense. Tax advantages of hiring your kids into the business. Don't leave any tax deductions on the table! Topics Discussed: Intro (0:00) Favorite Tax Season Strategies (0:04) Stop Co-mingling Business and Personal Finances (1:47) S-corps and Paying Yourself Reasonable Compensation (2:40) Have Bookkeeping in Place (3:12) Strategies for Scorps (4:41) Mindset Mastery Framework (6:24) HSA Plans (7:26) Retirement (8:22) Why Do S-corps Need an Accountable Plan? (9:20) Document Home Office Deductions Properly (10:57) Last Strategy: Hire Your Kids (13:00) Additional Strategies (13:46) For help with your tax deductions and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Kickstart Accounting Inc.: Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. YouTube | @EntrepreneurMoneyStories Facebook | Kickstart Accounting, Inc.

Have you ever thought about boosting the visibility of your business by being a podcast guest? In this episode, Danielle Hayden, CEO of Kickstart Accounting Inc., welcomes Christina Lenkowski, founder of PublicityxChristina, to discuss the transformative power of podcast guest speaking. Christina explains the correct strategy for being a guest on podcasts to market your business, highlighting the importance of being in front of the right audience to maximize impact. If you're curious about leveraging podcasts to boost your business, tune in now for valuable insights and strategies to make your mark in the podcasting world. Key Takeaways: The game-changing power of podcast guesting—your "Golden Ticket" business transformation. Exclusive insights on time management, team-building, and the podcast publicity strategy that has turned businesses into success stories. How to strategically select which podcasts (and how many) to be featured on as a guest to truly increase your business' visibility. Dive into the art of messaging with Christina's agency secrets. Learn how to whip up content that's not just engaging but magnetic. Topics Discussed: Intro (0:00) Spot Readiness for Podcast Guests and How Christina Lenkowski's Company Contributes? (1:50) It's Okay to Fail (5:22) How did Christina Get Here? (6:21) Podcasting: Who is an Ideal Client? (8:19) Hire an Agency VS Doing it on Your Own (10:36) Messaging Sets PublicityxChristina Apart (14:27) Messaging: When Christina Knew it Was Time to Hire an Expert (16:54) Mindset Mastery Framework (18:19) Keeping Money Mindset Strong (19:22) Time vs Money Objection (20:44) Back to Basics (24:26) Ultimate Smart Goal: Budgeting (27:41) For help with your business's finances and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Christina Lenkowski: Website | https://www.publicityxchristina.com Instagram | PublicityXChristina Facebook | publicityxchristina LinkedIn | Christina Lenkowski Connect with Kickstart Accounting Inc.: Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. Facebook | Kickstart Accounting, Inc.

Are you ready for tax season? In this episode, Danielle Hayden, CEO & Founder of Kickstart Accounting Inc. guides you through the 5 essential steps you need to take to get your business organized for a stress-free tax season, from maintaining accurate bookkeeping all year round to assembling a synchronized & complete money team. Tune in now to ensure a smooth and relaxed tax preparation season. Key Takeaways: Staying ready throughout the year with accurate and ready finances. Uncover the power of a money team that works in unison. W9s, 1099s—understanding paperwork requirements & contractors. Reviewing your payroll and your reasonable salary as an S-Corp. Stepping into the CEO's shoes, and crafting a strategic, forward-thinking financial plan for your business. Topics Discussed: Intro (0:00) Disclaimer (0:38) 1st Step of Framework: Stay Ready (1:14) Mindset Mastery Framework (3:32) 2nd Step: Ensure Money Team Alignment (4:35) 3rd Step: W9's For All Contractors (6:16) Review Your Payroll (6:51) Quick Recap (7:49) 4th Step: Get Prepared Early (08:12) 5th Step: Start Being More Forward Thinking (9:25) Do You Have a Bookkeeper? (10:14) For help with your bookkeeping and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Kickstart Accounting Inc. Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. Facebook | Kickstart Accounting, Inc.

Are you ready to unlock the blueprint for scaling your venture to 10 million? In this episode, CEO Danielle Hayden is joined by Bridget James Lin, founder of Freedom Queen to share how she transformed her coaching business into a movement empowering women to create million-dollar ventures using organic social media. Listen to the episode to hear more about Bridget's journey, mission, and the unique strategies she employed to scale her business using social media. Key Takeaways: Bridget Ling's journey of turning coaching into a million-dollar success. Secrets for creating killer content on Instagram and TikTok. The art of strategic team building without overwhelming your business. Bridget's roadmap to scaling Freedom Queen to a $10 million empire. The importance of cleaning up before scaling for enduring success. How taking action and not perfect circumstances breeds confidence and success. Topics Discussed: Intro (0:00) Bridget's Mission in the World: Building Million $ Movements Using Organic Social Media (0:59) Working with Community: 3 Main Offers (4:32) Bridget James Ling: Do it Yourself and Learn Faster (6:26) Content Matters (7:50) Why did Bridget Choose Instagram and TikTok? (10:33) Mindset Mastery Framework (14:34) Not Feeling Qualified: Actions to Start Working on Your Mindset (15:37) Is There Any Hollywood Moment? (17:30) How Bridget Keeps Her Money Mindset Strong and Why She Got Rid of Pinterest? (19:07) Freedom Queen: Slim Team (24:26) Did Bridget Hire Too Soon? (25:26) What's Next: Expanding The Reach and Growing Bigger (26:34) For help with your money mindset and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Bridget James Ling: Website | https://www.signonclients.com/signup Instagram | Bridget James Ling Connect with Danielle: Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. Facebook | Kickstart Accounting, Inc.

Are you worried about how you're going to navigate the dynamic landscape of entrepreneurship in 2024? In this episode, CEO Danielle Hayden and Victoria Hughes, Operations Coordinator, dive into 2024 trends, from making values-driven financial decisions to sustainable business practices. Discover the importance of knowing your numbers, being cautious with AI, and shifting from perfectionism to consistency. Don't miss out on what's in and what's out for 2024 - tune in now and set yourself up for success in the exciting journey of entrepreneurship! Key Takeaways: The significance of knowing and managing your numbers as a business owner. The secrets behind fostering real collaboration and relationships in business. Embracing sustainable practices and reducing overconsumption. Making financial decisions aligned with your core values. Insights into the 2024 business landscape and how to position your business for success. Topics Discussed: Intro (0:00) What's In: Know Your Numbers and Take Responsibility as Business Owners (2:27) No AI in Bookkeeping at Kickstart Accounting Inc. (3:06) What's it VS What's Out: Not Waiting Around Anymore is In and Ignoring The Hards Stuff is Out (7:44) Finding The Right Team Vendors is In and DIY Bookkeeping is Out (9:20) Mindset Mastery Framework (11:58) Sustainability and Carbon Footprint is In and Over Consumption is Out (13:01) What's In: Real Collaborations, Making Financial Decisions With Core Values VS What's Out: Not Knowing Your Money Personality Type (16:01) What's In: Investing and Training VS What's Out: Perfectionism Paralysis (19:29) Consistency is In and Over Correcting and Changing Every Quarter is Out (20:48) What's In: Slow Down and Enjoy the Journey (26:47) For help with your mindset shifts, actionable strategies, and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Danielle: Instagram | @Daniellehayden__OH Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. Facebook | Kickstart Accounting, Inc.

Ever felt lost in the overwhelming world of healthcare, wondering if there's a better way to address your well-being? In this episode, Nicholas Misleh, a passionate nurse practitioner and founder of Apollo Health Optimization joins Danielle Hayden, CEO of Kickstart Accounting, to share his mission to revolutionize personalized healthcare. From actionable tips for better health to mindset shifts in entrepreneurship, Nicholas guides us through his transformative journey. Tune in now to break free from conventional health norms and embrace a more holistic approach. Topics Discussed: Nicholas Mission: Revitalizing Healthcare with a Holistic Approach (0:10) Pay Attention to Your Health (2:13) Mindset Shifts and Overcoming Scarcity Mindset in Pursuit of Independence (4:07) How Nicholas Kept His Money Mindset Strong (8:57) Money Mindset Mastery Framework (10:48) Sticking to Your Intention and Core Values (11:52) Functional Medicine VS Conventional Medicine (13:09) Patient's Perspective: Scared to Think Outside the Box (17:27) Take Action: 10-min Walks, Homemade Lunches, and Build Community (20:28) For help with business and personal goals and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Nicholas Misleh: Website | apollohealthop.com Instagram | Apollo Health Optimization Facebook | Apollo Health Optimization LinkedIn | Nicholas Misleh Connect with Danielle: Instagram | @Daniellehayden__OH Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. Facebook | Kickstart Accounting, Inc. Get Started Today: https://kickstartaccountinginc.com/get-started