78: Know your Numbers- Taxes and Financial Tracking

Smart Financial Moves for Landscape DesignersThis episode explores key financial strategies for landscapedesign business owners. Learn the differences between running your business asa sole proprietor or S Corporation, including how the right choice can impactyour taxes, liability, and overall growth. Real-life experiences illustrate theadvantages of switching to an S corp, such as saving money and gaining clearerinsight into your profits.We also highlight common pitfalls, like mixing personal andbusiness finances or ignoring unpaid invoices, and offer practical advice: keepaccounts separate, set clear payment terms, and use tools like QuickBooks. Theepisode’s takeaway: understanding your numbers helps you make informeddecisions and build a stable, thriving business. Subscribe and share if youfound this valuable!Suggested episodes:76: January Power Moves75: Yearly Planning- Visual Goals73: You are the CEO of your Business68: Tracking and Metrics52: Money Mindset14: Year-End Planning5: Efficiency and Profitability Please be sure to subscribe and follow ⁠@kismetdesignco⁠& ⁠@ProcessDrivenDesigner⁠.Please also sign up for my newsletter to be notified of upcoming webinars,courses, and other offerings ⁠https://kismetdesignco.com/classes/