Unpacking Taxes and Business Myths with CPA Helena SweeterIn this episode of the Climb Tribe podcast, host Kelsey sits down with Helena Sweeter, a distinguished CPA and bookkeeper, to delve into the intricacies of business taxes. Helena shares expert insights on tax management, debunking common myths about business entities, and offers advice on expenses, bookkeeping, and the importance of separate bank accounts. The discussion covers vital topics for small business owners, such as choosing the right business entity and understanding tax obligations. Helena also provides practical steps to simplify bookkeeping with software recommendations like QuickBooks and Gusto. This episode is packed with actionable advice, ensuring listeners can navigate their tax obligations with confidence and clarity.00:00 Introduction and Episode Overview00:50 Meet Helena Sweeter: CPA and Bookkeeper Extraordinaire01:08 Helena's Journey: From Big Four to Sweeter CPA03:18 The Birth of Sweeter CPA08:38 Understanding Business Expenses14:04 Navigating Car Expenses for Your Business18:57 Common Tax Surprises and Misconceptions24:42 Filing Taxes: Key Deadlines and Business Structures34:30 Understanding S Corporation Taxation35:00 Salary and Profit Streams in S Corporations35:22 Tax Implications of S Corporation Profits35:38 When to Consider Becoming an S Corporation36:58 DIY S Corporations: Common Mistakes38:20 The Importance of Consulting an Accountant42:00 Bookkeeping Tips for Business Owners45:41 Choosing the Right Bookkeeping Software54:14 Sales Tax Considerations for Photographers01:00:03 Final Thoughts and ResourcesBook your dream elopementBusiness coaching for photographers with Kelsey

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