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Cash Clarity

Wondering the difference between profit and cash flow? Want to figure out how much to pay yourself? Need help understanding the financials? All of my best advice to maximize profit, implement the strategies that really get results, and transform that side hustle into a business with staying power.

How Smart People Save Money With The Vehicle Tax Deduction

How Smart People Save Money With The Vehicle Tax Deduction

If you’re a business owner, how can you be really sure that you’re saving as much as you can on your taxes? Did you know that you can lower your taxes by claiming vehicle expenses? Driving your car for business can save you money. There’s about a million bajillion...

How COVID-19 Has Affected The Accounting Industry

How COVID-19 Has Affected The Accounting Industry

What a year 2020 has been! COVID-19 has dramatically changed how we live and how we work. It’s had widesweeping affects not only on our heath, but also the economy and our industries. Everything is so different! Today on Cash Clarity, I’m talking about the changes...

Depreciation- What You Need To Know To Save Money

Depreciation- What You Need To Know To Save Money

Did you know that your big ticket purchases can not only save you money on your taxes this year, but in future years too? It’s called depreciation - which is a fancy way of saying you’ll spread out your business deduction over a number of years. There are benefits and...

What You Need To Know About Business Entities

What You Need To Know About Business Entities

You’re starting a business, congratulations! Now, you’re probably thinking, “what’s next? How do I make this legit?” One of your first decisions is figuring out what business entity you should elect. Your business entity has far-reaching legal and tax implications for...

4 Steps For When You Get An IRS Tax Notice

4 Steps For When You Get An IRS Tax Notice

Paralyzed by that mail from the IRS?  Yeah, me too…. Getting mail from the IRS (or corresponding state agency) is stressful - regardless of whether or not you really are in trouble. If you’re like me, you probably think:  “Oh no, what did I do wrong?” ...

3 Costly Mistakes To Avoid When Paying For College

3 Costly Mistakes To Avoid When Paying For College

With over 40% of Americans with children at home, there’s a large part of our community that is parents.  And many of those parents hope their kid(s) will get a college education but are wondering how in the world they’ll pay for it. It’s no secret that the cost...

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