P E R S O N A L F I N A N C E ST H E E N T R E P R E N E U R ’ S G U I D E T O

Y O U R TA X E SS A V E M O N E Y F R O M

Businesses are taxed according to their size and earning potential. Some registered business entities can save business owners thousands of dollars in payroll taxes and other deductions.

You may be losing money where you are reporting income and expenses.

You can also account for special depreciation rules for larger end of the year deductions.

As an entrepreneur you may be able to save in home and office deductions.

R A I N Y D AY A C C O U N T S

As your own boss, entrepreneurs deal with

irregular incomes.

Set aside some savings so you always have a way to cover

essentials like housing and food even when income is not flowing.

K E E P B U S I N E S S A N D P E R S O N A L F I N A N C E S S E PA R AT E

It can feel easy to mix your personal expenses with your business. Establish a difference between these sources and expenses in order to grant your business legitimacy, transparency, and credibility

I N S U R E D ?A R E Y O U

P R O T E C T Y O U R S E L F !

Comprehensive Business Owner Policies exist to provide liability, medical, property, and crime coverage because liabilities arise when someone is hurt in or outside of your physical establishment.

C R E D I TM A N A G E Y O U R

Be wary of interest rates and late payments.

Garret Gunderson of Forbes reports that 83% of personal credit reports have errors in them, so check the facts with the three main bureaus: Equifax, Experian and TransUnion.

R E T I R E M E N TP L A N A H E A D

A responsible entrepreneur should keep retirement on their mind without neglecting their

present potential. businesses.

You may need to contract a tax professional for a better analysis on your tax situation.

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