Episode description

Episode 05“It’s all about the money....and taxes.”

Today’s episode is about one of the most dreaded yet necessary pains every entrepreneur has to endure...tax season. No matter how big or small your business is, taxes are always going to be somewhat complicated, confusing and could create a lot of troubles if not dealt with appropriately. We are here to help!

Our featured guest, Paco de Leon is a self-proclaimed ‘money nerd,’ she founded “The Hell Yeah Group” to help small creative entrepreneurs better manage their finances. Paco shares valuable advice and tips on how to organize your finances, so you are always in control of them and not them in control of you.

As we were developing this episode, we realized that Darbi was not exempt from the familiar “wait till the very last minute” attitude that a lot of freelancers or new business owners have when it comes to taxes, so we decided to document her journey into filing taxes as an entrepreneur. For that, we invited Chicago based accountant Yolanda O’Neal, to sit down and help Darbi figure out her tax situation for 2018.

As you will hear from both Paco and Yolanda, taxes are indeed complicated, the tax code is confusing and its always changing but they both agree that it is not your job to keep up with it, that is what your accountant is for. Accountants are a vital role in every small business owner and a solid piece of advice...find a good one!

Your job is to stay on top of your daily transactions, your bookkeeping, your invoices, expenses, and other day-to-day operations. Doing that in an organized and consistent form will alleviate a lot of the pain and paperwork when tax season arrives.

We genuinely hope this episode is helpful and you find some tips on how to better manage your finances so that future tax seasons are as painless as possible. 

Happy Tax Season!

Guests Paco de Leon- The Hell Yeah GroupYolanda O’Neal- O’Neal Consulting