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10. Business & Financial Facts with Kristin Ingram

Episode Summary

In this episode, Dawn talks with tax and financial expert Kristin Ingram about all things business. What you need to know for your business and how to take advantage of some of the tax benefits available for small business owners. This episode is full of important financial information. You won't want to miss it.

Key Takeaways To Tune In For

  • [01:15] Kristin Ingram’s background 
  • [02:39] Top mistakes businesses make with their finances 
  • [03:35] Setting up your business for success from the start
  • [06:30] Sole proprietor, LLC, and Corporation? How to choose the right one
  • [10:18] Why you should separate business from personal finances 
  • [13:34] Numbers you should be looking at on a daily basis 
  • [16:45] Why you need a bookkeeper 
  • [19:45] All about getting a PPP loan
  • [27:15] Should you take the PPP loan if you qualify
    [32:45] Why you might not need to track your inventory 
  • [34:15] The benefits of treating your inventory under cash bases

Resources talked about in this episode

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