Joelle B Financial

03/22/2024

Dear Business Owners …..Stop funding your business with your own money & invest In properly structuring your company so you can be set for life ……the benefits of having business credit are unlimited…..properties & vehicles strictly under the business name…..

Purchase inventory with the Business Cards & Business Money ….Completely separate yourself from your business so that if the business goes into debt you are not in debt …Remember you are not your business 😇 I’m having a business credit Work from home Financial literacy zoom call
….who will join me ?👇🏽👇🏽👇🏽DM me for the link

Let’s make our money work for us🙌🏽

03/14/2024

Dear Business Owners …..Stop funding your business with your own money & invest In properly structuring your company so you can be set for life ……the benefits of having business credit are unlimited…..properties & vehicles strictly under the business name…..

Purchase inventory with the Business Cards & Business Money ….Completely separate yourself from your business so that if the business goes into debt you are not in debt …Remember you are not your business 😇 I’m having a business credit Work from home Financial literacy zoom call Saturday Est
….join me ?👇🏽👇🏽👇🏽DM me for the link

Let’s make our money work for us🙌🏽

03/06/2024

Major Congrats to Brittany for multiple deletions of derogatory marks off her credit report in the first round of disputes 🙌🏾🙌🏾🙌🏾 OUR company changes lives 💪🏽

There is more work to be done but it's a great start🚀🚀🚀

Student Loans - DELETED
Collection Accounts - DELETED
Hard Inquiries - DELETED
Closed Accounts with Negative Payment History - DELETED

Drop 💰 if 2024 credit goals hitting 🔥

03/06/2024

Here's a cheat sheet for the documents needed for recordkeeping for quarterly and annual taxes for self-employed small business owners:

Quarterly Taxes:
1. Income Records:
- Invoices issued
- Sales receipts
- Bank statements
- Online payment records

2. Expense Records:
- Receipts for business expenses
- Credit card statements
- Mileage logs (if applicable)

3. Estimated Tax Payments:
- Payment vouchers
- Confirmation of payment receipts

Annual Taxes:
1. Income Statements:
- Profit and loss statement
- Balance sheet
- 1099 forms received

2. Expense Documentation:
- Receipts and invoices for all business expenses
- Asset purchase records
- Depreciation schedules

3. Tax Forms:
- Form 1040 Schedule C (for sole proprietors)
- Form 1065 (for partnerships)
- Form 1120 (for corporations)

4. Deductions and Credits:
- Records of deductible expenses
- Retirement plan contributions
- Health insurance premiums

5. Other Records:
- Previous tax returns
- Business licenses and permits
- Any correspondence with the IRS

By keeping these documents organized and up to date throughout the year, self-employed small business owners can streamline the tax filing process and ensure compliance with tax regulations.

So have questions feel free to reach out

03/03/2024

"Don’t let saving hold you back from fixing your credit. Take action now to improve your credit score and explore opportunities to access grants that don’t require repayment. When starting a business, focus on aligning yourself with resources and funding options to succeed. It’s not about how much you can save, but about leveraging credit and strategic funding to propel your business forward. Seize the opportunity to make your entrepreneurial dreams a reality! 💳💼 "

03/03/2024

03/03/2024

7 Reasons to consider Tax Planning

1. Maximizing Tax Efficiency: Tax planning allows individuals and businesses to structure their financial activities in a way that minimizes their tax liability. By taking advantage of available deductions, credits, and tax-advantaged accounts, taxpayers can optimize their tax situation for 2024.

2. Avoiding Penalties: Proper tax planning helps taxpayers avoid costly penalties and interest charges that may result from late or incorrect tax filings. By staying organized and proactive in their tax planning efforts, individuals and businesses can ensure compliance with tax laws and regulations.

3. Managing Cash Flow: Effective tax planning can help individuals and businesses manage their cash flow more efficiently by forecasting tax obligations and planning for them in advance. By knowing when tax payments are due and budgeting accordingly, taxpayers can avoid cash flow shortages and financial stress.

4. Strategic Investment Decisions: Tax planning can impact investment decisions by considering the tax implications of different investment options. By understanding how investments are taxed and structuring their portfolio accordingly, investors can maximize returns and minimize taxes in 2024.

5. Retirement Planning: Tax planning plays a crucial role in retirement planning by helping individuals save and invest in tax-advantaged accounts like IRAs and 401(k)s. By strategically planning for retirement contributions and withdrawals, individuals can minimize their tax burden in retirement and maximize their savings.

6. Business Growth: For businesses, tax planning is essential for managing growth and profitability. By structuring business transactions and operations in a tax-efficient manner, businesses can reinvest more of their earnings back into the company and fuel sustainable growth in 2024.

7. Legal Compliance: Lastly, tax planning is important for ensuring legal compliance with tax laws and regulations. By staying informed about changes in tax legislation and seeking professional advice when needed, taxpayers can avoid costly mistakes and potential legal issues related to their tax obligations in 2024.

02/24/2024

"Thinking about what to do with your tax return this year? Consider investing in cash value life insurance! 💰💡 Here are a few reasons why it could be a smart move:

1️⃣ Financial Security: Cash value life insurance provides a safety net for your loved ones in case of the unexpected. It offers both protection and a savings component.

2️⃣ Tax Advantages: Cash value life insurance can provide tax-deferred growth on your investment, potentially increasing your returns over time.

3️⃣ Flexible Access to Funds: You can access the cash value in your policy through loans or withdrawals, providing you with financial flexibility when you need it most.

4️⃣ Long-Term Growth Potential: Over time, the cash value in your life insurance policy can grow, potentially providing a source of supplemental income or a financ

Make your tax return work for you by investing in your financial future with cash value life insurance! 💸🌟 "

12/05/2023

12/02/2023

Let’s normalize build generational wealth and have forward thinking on retirement. Go fund me ain’t it.

11/22/2023

"IRS has been auditing lower income people 5x more than wealthy people. Now with the new $80 billion funding they receive let’s start organizing the documents to ensure you get your money provided in the upcoming season.