Tame your Taxes and Future-Proof Your Creative Business with Jake Randall, CEO of Taxbot
Episode description
Is it really possible to protect your hard earned creative income..
... to confidently run and maintain an artistically focused business…
... and keep accurate financial records all year around…
...all while remaining compliant and current with ever-changing tax laws?
You might say that’s impossible - because you've seen so many prominent artist careers destroyed due to financial mismanagement and poor (or non-existent) tax planning. Every year we hear stories of high-profile celebrities that owe a king’s ransom in unpaid taxes.
Maybe that history, combined with your own fears of dealing with business finances, have convinced you that you have no shot of overcoming the fearful financial giant known as the IRS.
You might think that your only available tax strategy is to "pay and pray."
However, our guest on this episode of the God and Gigs Show has been dedicated to changing that narrative, and giving small business owners the tools they need to save money on taxes - but probably more importantly - to adopt the attitude that WE are in control of our financial futures.
Jake Randall, is the CEO and founder of Taxbot, a company that helps businesses to automate their accounting and accelerate their profits. By creating effective financial management tools, like the Taxbot app, and by teaching top-notch tax management strategies, Jake and his team help business owners of every type to focus on growth and save valuable time and money.
Jake has an extensive background in high-level business acquisition, financial planning and accounting, but has always been passionate about helping small business owners to conquer their money mindset and take advantage of their status in the tax code.
He hosts the Profit Junkie Podcast in which he interviews experts from all kinds of businesses, and reveals insights into earning more and keeping more revenue. He also teaches clients and app users how to maximize their savings through Taxbot’s resource pages and community forums.
In this episode, Jake reveals:
- The astonishing percentage of our money that we are actually paying out in taxes - beyond what comes out of our paychecks
- Why so few creatives take advantage of current tax laws that are actually written in our favor
- Why most popular tax software products are not your best solution if you are self-employed
- The essential mindset shift you need to make to see yourself as a business owner.
- The top three things you should be do
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