68: Find Financial Clarity: How to Separate Personal and Business ExpensesJul 20, 2023
Have you ever found yourself tangled in a mix of expenses between your life and business? In this episode, we tackle the common struggle of separating personal and business expenses that many creatives and entrepreneurs face and I outline five actionable steps to achieve financial clarity. Join me as we embark on a transformative journey to take control of our finances and elevate our professional creative game on the Professional Creative podcast.
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Discussed in this episode:
- The importance of separating personal and business expenses for financial clarity and professionalism.The different business structures available (sole proprietorship, LLC, and S corporation) and how separating finances aligns with each structure
- The benefits of separating expenses for filing taxes, claiming business deductions, and maintaining legal protection
- Practical steps to separate personal and business expenses, including using financial tools and documentation.
Review of the week:
STANDS OUT IN CREATIVE PODCASTS
I listen to a lot of creative podcasts. Bonnie’s stands out as she shares her story and helps female identifying creatives feel empowered and hopeful about their path! Keep it up.
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