In this insightful conversation, Alan interviews Karl, a seasoned accountant and business advisor, to uncover the secrets to mastering business and personal finances. Whether you're a startup founder, a small business owner, or simply looking to improve your financial habits, this episode is packed with practical advice on taxes, profitability, and financial planning.

Key Takeaways:

How to separate personal and business expenses.
Tax-efficient ways to draw income from your business.
The importance of management accounts and financial forecasting.

Insights into gross profit margins, net profit margins, and how to set a budget.

Karl also shares real-life stories of clients he's helped, offering valuable lessons for anyone navigating the financial challenges of running a business.

Stay till the end for actionable tips on avoiding financial pitfalls and planning for a profitable future!

Links and Resources:

📚 Karl’s Book: Profit Compass : https://rb.gy/rone5d
📚 Karls News Letter : https://karl-roberts.mykajabi.com/newsletter

📱 Connect with Karl on LinkedIn: @karl-roberts-accountant

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All content on the Alan Riddoch YouTube channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Before making any decisions, please consult with licensed professionals.

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