Quickies with Bette

Quick facts, tactics, and strategies to build your wealth, improve your income, cost your costs, or save on your taxes. The tax code has a myriad of little nuggets that can help you. We all are working on our businesses, and maybe we have a quick insight to share.

Send me your thoughts, ideas, and concepts for us to look at.

What better way is there to improve your health, wealth, and happiness than Quickies with Bette?

Organizing Business Expenses

By |2023-04-24T13:17:51-04:00April 24th, 2023|Categories: Quickies with Bette|Tags: , , , |

I will discuss how to categorize your business expenses. It can be a struggle to track all your expenses, which is why breaking them down into categories is important. It allows you to see what your funds are being used for and make better business decisions.

Extensions Have Benefits?!

By |2023-04-13T11:48:06-04:00April 13th, 2023|Categories: Quickies with Bette|Tags: , , , |

If you can’t file by the deadline (April 18th),  the IRS allows taxpayers to file for an extension to October 15 if they need more time to prepare their tax return. The IRS grants them automatically if you complete the proper form on time. You can submit Form 4868 electronically or on paper to file an extension; just make sure you do this before the filing deadline. 

IRS Debt

By |2023-04-11T13:09:27-04:00April 11th, 2023|Categories: Quickies with Bette|Tags: , , , |

I will discuss ways to pay off IRS tax debt. Unpaid tax debts can affect us greatly, and these come from penalties and interest. While people fall behind on filing and paying their taxes for many reasons, the stress of how you will pay doesn’t have to be one of them. 

NFT Taxes

By |2023-04-06T11:52:33-04:00April 6th, 2023|Categories: Quickies with Bette|Tags: , , , |

The IRS has recently released new guidance on the tax treatment of NFTs, so today, I will discuss everything you need to know. Previously, NFTs were treated as any other crypto asset from a tax perspective, so short-term or long-term Capital Gains Tax would apply when you dispose of it by selling or trading it. This is still true, but under the new guidance, they may be deemed collectibles and taxed.

Owner’s Draw vs. Salary

By |2023-03-30T09:31:55-04:00March 27th, 2023|Categories: Quickies with Bette|Tags: , , , |

If you’ve just started your own business, you must consider how your profits translate into official income. How you pay yourself as an entrepreneur depends on the type of small business you’ve created and how you’d want to handle those tax implications of your income.

Fractional CFO Benefits

By |2023-03-31T11:32:15-04:00March 23rd, 2023|Categories: Quickies with Bette|Tags: , , , , , |

A Fractional CFO provides high-level financial guidance and support to help a business achieve its financial goals and improve financial performance. The great thing about them is that they are a cost-effective solution for businesses that don't require a full-time CFO but still need financial expertise and guidance. 

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