Barnes Financial Concierge

Where we believe taxes are only one part of a larger financial picture.

[Barnes Financial Concierge @BarnesFinancial]

Proper #accounting practices are the foundation for your #business and here's why:

- Gives you the true financial health of your business
- Provides the data & reports to obtain future financing
- Helps you reach your goals faster
- Guides you when making "money moves"

[Barnes Financial Concierge @BarnesFinancial]

Make sure to get your maximum refund! Make-up Artists who are self-employed may write off:
- Make-up Kit Supplies
- Membership Fees
- Promotional Goodies
- Phone bill
- Education, Training & Classes
- Licenses & Fees
- Website
- Research costs

#taxes #makeupartist #taxpreparer

[Barnes Financial Concierge @BarnesFinancial]

Make sure you are claiming your write-offs! Massage therapists and acupuncturists who are self employed can claim:
-Training & Certifications
-Oils & Lotions
-Spa or Studio Rent
-Massage Furniture and tools
-Music Streaming Apps
-Advertising and Website Expense

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[Barnes Financial Concierge @BarnesFinancial]

Life can be overwhelming and it can be hard to remember certain financial deadlines. Making a calendar with reminders of when bills or taxes need to be paid, can be beneficial in getting your finances back on track.

#taxes #taxdeduction #taxpreparer #taxseason #taxtips #saving

[Barnes Financial Concierge @BarnesFinancial]

If you're a #teacher, #counselor, #principal, or classroom aid for students in kindergarten to the 12th grade, you may qualify for #tax deductions! #Educators must have worked at least 900 hours at a state certified school and spent #money on qualified expenses.

[Barnes Financial Concierge @BarnesFinancial]

Do you need to buy those new shoes? When money is tight, focus on taking care of your needs over your wants. You can always get your wants in the future once you have your finances back on track!
#taxes #financialfreedom #financialadvice

[Barnes Financial Concierge @BarnesFinancial]

Using #PayPal is just like using cash, and therefore is considered an “unsubstantiated transaction” in the eyes of the #IRS. They will treat the PayPal business payments to and from your business just like transactions that go through the bank.

[Barnes Financial Concierge @BarnesFinancial]

Whether you drive for a ride-sharing service once a week or occasionally #freelance, you’ll need to pay #taxes on any self-employment income. Unlike your regular paycheck, taxes aren’t withheld, which requires extra planning and record keeping on your part.

[Barnes Financial Concierge @BarnesFinancial]

If your employer offers a 401(k) or other retirement plan, look at it as an opportunity to put away your money before its taxed. Just as important, if your employer matches your contributions make it a priority to meet the match. It’s an opportunity to greatly increase your money

[Barnes Financial Concierge @BarnesFinancial]

It's important to have money saved for emergency expenses that may be unforeseen. Three to six months worth of living expenses is the ideal safety net, but remember everyone starts somewhere.

#taxes #financialconcierge #taxseason #taxtips #savings #savingsplan

[Barnes Financial Concierge @BarnesFinancial]

Venmo may be your form of payment, and if you meet the below thresholds, Venmo will send you a Form 1099-K at the start of the tax season. If you are below these thresholds, you still have to report this income using a Form 1099-NEC (non-employee compensation) #venmo #moneytips

[Barnes Financial Concierge @BarnesFinancial]

Even if you put $10 or 10% into a savings account, start now! You can save towards small or large goals and eventually build up to save for retirement. Saving doesn’t have the be difficult. What’s the best way you found to save?

#savings #howtosave #financialplanning #savingtips

[Barnes Financial Concierge @BarnesFinancial]

Credit cards like many things have the good and the bad, here are some of them! What are your thoughts?

#finance #financialadvice #financialindependence #financialadvisor #creditrepair #credittips #financialtips #creditcard #buildingcredit

[Barnes Financial Concierge @BarnesFinancial]

If you have a hard time holding yourself accountable for your money goals, get a money buddy!

#taxadvice #taxseason2022 #taxreturn #IRS #financialadvisor #financialtips #moneytips #taxdeductible #moneybuddy

[Barnes Financial Concierge @BarnesFinancial]

There are many different ways and strategies when it comes to budgeting, and here is one of them! Budgeting can vary based on your personal finances and needs. What are some strategies that you follow to help you move towards your financial goals? #budgettips #budgeting

[Barnes Financial Concierge @BarnesFinancial]

You don’t always need a credit card to build credit, and here are some ways to do that!

#taxes #taxdeduction #taxpreparer #buildcredit #creditcard #creditscore

[Barnes Financial Concierge @BarnesFinancial]

Vision boards and money boards are key factors that can help motivate you to stay on track! It’s nice to have a visual aid that reminds me of your goals and accomplishments. What helps you stay on track?

#taxes #taxpreparer #taxseason #taxtips #savingtips #savingsgoals

[Barnes Financial Concierge @BarnesFinancial]

Closing your business can be challenging emotionally, so finding resources that can make it a smoother process is important.

Visit our website from our bio to find helpful resources when it comes to needing to close your business and learn about the steps that need to be taken.

[Barnes Financial Concierge @BarnesFinancial]

Making enough money is one thing, but it doesn’t mean much if you don’t balance it correctly. As a financial concierge, we’re here to help.

#taxes #taxdeduction #taxpreparer #taxseason #taxtips #taxrefund #moneytips

[Barnes Financial Concierge @BarnesFinancial]

Good news! When it comes to your taxes, website costs such as domain name registrations, subscriptions to services such as Shopify, Squarespace, and/or Wix, and all the fees you pay to designers and developers may be deductible.