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Money Maven Mindset Jennifer Wells Money Maven Mindset Jennifer Wells

11 Money Habits Every Money Maven Should Have

Habits are the driving force of our lives. How we function and act in our day to day lives is by the habits we have created. It starts with a thought to do something, a desire for a change, some willpower, and consistency. Some habits we choose to take on, others are instinctive and we don't even know we have them.

It's not always easy to change your habits around money. But to achieve your goals, changes must happen.  Here are some new money habits that can propel you toward success. -->Click View Post to read more

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Taxes Jennifer Wells Taxes Jennifer Wells

The Ultimate Tax Prep Checklist

I’ve talked to a few people this week who were getting everything together to get their taxes done and didn’t know what all was needed to give to their CPA.  They were starting out with a pile of receipts and their bank statements. Now, I preach that a Money Maven knows her numbers every single month, and does not wait until tax deadline to figure it all out!  But if you still are not ready for tax time, it's ready to get moving.

Here is a quick list of what your CPA will need to do your business taxes. Pull all this information together and you will make your tax prep easier and probably a bit cheaper.     -->Click View Post to read more

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Taxes Jennifer Wells Taxes Jennifer Wells

Are Your Biz Books Ready for Taxes?

It’s tax time and are you ready to go meet with your CPA to have your taxes done? You’re going to want to have your business books “done”. What I mean by “done” is having all your income totaled up, your expenses totaled by category, and any other data prepped and ready to hand in to your tax preparer.    

Here’s a hint - the more put together and “done” your business numbers are for your tax preparer, the less money it will cost you to have your taxes done.  You do the hard work, so your CPA is not having to spend time putting your numbers together. A Money Maven knows her numbers and it really should not take much time to wrap up your books for the year.

So, what do you need to do to get your books “done” for your taxes?  Whether you are using a bookkeeping software system or spreadsheets, here is a list what you need to do.  ->Click View Post to Read More

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Taxes Jennifer Wells Taxes Jennifer Wells

Have you finished your taxes yet?

Have you finished your taxes yet for 2017? Are you going to have to pay taxes on your business?  I hope you are paying a lot!  That means that you made money, well, enough for the IRS to notice.  

But, I bet that you moaned and groaned and wish the tax bill was not so high.  We all want to make lots of money, but when it comes to tax time, the lower your income is, the better. At least your Net Income, your income after you minus all your expenses. Well, let’s make sure you are taking every deduction that you can.

It’s vital to be sure you are taking as many expenses as deductions as possible in your business.  These lower the income that you are taxed on and will save you money on your taxes.   

Here is a list of often overlooked deductions that you can take to lower your bottom line.   ->Click View Post to Read More

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Money Maven Mindset Jennifer Wells Money Maven Mindset Jennifer Wells

Turning Your Money Goals into Reality

Most of the entrepreneurs I talk to have set big money goals for 2018.  Have you made any Money Goals for 2018?  What are they?  I bet you set some goals that are a big stretch and will take initiative and hard work to achieve. 

So, how can you set yourself up for success in achieving those goals? Do you have a plan to make that happen?

By setting up a budget, writing it down, and constantly monitor it during the year!  ->Click View Post to Read More

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