Episode 232: Bookkeeping and Tax Planning for Business Owners with Ronisa Clark

Women's Money Wisdom

If you’re a business owner, you know that the numbers matter. Accurate tracking of cash flow, expenses, and income help you keep tabs on the financial health of your company.

In this conversation, Melissa Joy speaks with Ronisa Clark, an expert in bookkeeping for business owners and founder of her own company, Dream Joy Consulting. You’ll hear about the importance of keeping finances in order, common issues faced by business owners, and the basics of cash flow management.

From experience, Ronisa shares why accurate bookkeeping and using an accounting system from the start is crucial for your business. You'll also hear about the importance of separating personal and business expenses and the potential tax implications for business owners. Overall, the conversation will give you valuable insights ... whether you are an aspiring entrepreneur or are currently running your own company.
Listen and Learn:

• How accurate bookkeeping is crucial for business owners to understand their cash flow and financial health
• Why using an accounting system from the start can help track expenses, income, and financial statements more effectively
• Ways to plan for tax season and how seeking the advice of a tax strategist or planner can help minimize tax liabilities.

Resources:

• Learn more about Ronisa on her Website
• Connect with Ronisa on LinkedIn
• Follow Dream Joy Accounting on Facebook
• Additional Information about Ronisa as a QuickBooks Pro Advisor

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

章

1. Episode 232: Bookkeeping and Tax Planning for Business Owners with Ronisa Clark (00:00:00)

2. Financial Organization for Business Owners (00:00:01)

3. Financial Monitoring and Accountability (00:11:04)

4. Business Expense Segregation and Management (00:17:57)

5. Challenges and Realities of Business Ownership (00:25:05)

6. Entrepreneurial Dreams and Financial Support (00:32:03)