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The Wisdom of the Investor’s Mindset

The wisdom of the investor’s mindset is the planting and harvesting concept. Investors know an investment needs to be productive, tended, researched, and above all time to develop. A wise investor seeks opportunities that benefit themselves as well as others for a profitable return on money. An investor is someone who gives money to another

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The Power of the Saver’s Mindset

The saver’s mindset is a powerful mindset as this mindset knows the value of preparing for life. How often have you felt as if something unexpected always pops up? Perhaps, this is true because we are not thinking past the moment. I have also seen the downside of this mindset as extreme savers. As in

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Meals and Entertainment Deduction

  The number one most misunderstood, misused, and misapplied deductions are the meals, entertainment & mileage deductions.     Most people do not understand the deductions but I can’t say the IRS code has made it easy to understand either.  Often times, business owners, including independent contractors, avoid deducting meals or they deduct all meals.

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Bust The Debt Money Block

Bust The Debt Money Block Move the Debt Mountain- Busting Money Blocks Debt can eat up your extra money.  If you are in debt and receive an increase in income the responsibility to pay off the debt combined with garnishments can result in loss of the additional income. God did not mean for debt to be

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Increase Income and Lower Your Taxes

Knowing our value brings the benefits of increased income. However, the thought of increased income often brings up anxiety for many. The increase is desired but handling taxes on that income can be somewhat disappointing. Most taxpayers believe they have to pay at least 50% income tax on business income. Therefore, one of three things

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The Purpose of an Accountant

How do you view accountants? Some business owners view accountants as the tax collector and others believe they did not have taxes until they hired an accountant. Many business owners have no idea what an accountant does. Do you often wonder the purpose of an accountant or if you really need one? An Accountant is

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Increase Income by Avoiding Tax Myths

Tax Myths and emotional money mindsets play a major part in the amount of income we earn as well as the amount of taxes we project on future income. Saving money, protecting your money, and increasing your money all require effort. Money Myths and Mindsets Money myths and mindsets are terms I often use when speaking about

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Helping Entrepreneurs Profit More and Experience Greater Financial Peace of Mind

I’m Y. Michelle Coard and I help entrepreneurs with new or established business, create and keep more profit by fixing the money leaks.  I help transform the finances of their business, through a profit-generating plan, financial awareness, simplified systems, and expert guidance. Most people RUN when they hear the words accounting, financial planning, budgeting, and

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The Differences Between an Employee or Independent Consultant/Contractor

  Know the differences between an Employee or Independent Consultant/Contractor.  An expensive business mistake is to treat an employee as a contractor to save money on insurance and taxes.  This mistake will cause you to pay hefty penalties, back taxes and fines by the Department of Labor, Internal Revenue, and State Agencies.  A contractor or independent consultant is

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LLC, Corporation, or Sole Proprietorship…3 Simple Tips to Choose a Business Structure

LLC, Corporation, or Sole Proprietorship…3 Simple Tips to Choose a Business Structure #accounting solutions #business structure # business entities #taxes and llc   A business structure determines the type of tax return filed by the owners, the business operation standards and procedures, financial reporting procedures, the eligible business expenses and tax deductions. Choosing a business

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Accounting Software Selection Made Easy

Accounting Software Selection Made Easy! Choosing accounting software can be overwhelming. There are so many software options available. Many business owners often wonder which one to choose. I will give you some features to look for in order to make the selection process easier. Accounting software should give you very detailed financial information and should

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Deciding between an Accountant or a Bookkeeper

What are the difference between an Accountant and a Bookkeeper?  I have spoken to people who are not sure of the differences between an Accountant and a Bookkeeper, and that is fine.  The two items are so closely related. An Accountant Make the transaction entries Reviews the entries Prepares the financial statements and related notes

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