There are so many things about my job that I love! Personally, I think I have the greatest career ever! But, it’s around this time of year (tax season) that I get reminded about the not-so-fun-things about owning your own business. Here’s a few examples:
1. When it comes to doing things that “you’re not as good at” and “don’t want to do”…too bad, cause there’s no one else to pass it off to!
2. You realize that if you had taken “little bits of time” through out the year, this whole “recording and collecting” for the accountant would be a whole lot easier.
3. It doesn’t matter if you’re a “creative person”…you still have to pull it together administratively and do your taxes. 🙂
(Did you like my “over use” of quotations?)
I’m writing this at the end of my paperwork, receipts collecting, credit card sorting, bank statement reconciling journey. Matt and I are ready to file our personal and business taxes this week. It will be a huge relief to have it done and a great time to put into practice the things that make the next time I do this easier. I’ll let you know if I follow through!
The bottom line is…I will pay a lot of taxes…it’s just part of owning you’re own business. It’s funny to me when people look at how much I charge and question “Why so much?” Taking the time I invest in every client aside…I could really step onto my soap box and happily explain about: taxes (state and federal), equipment, software, computers, external hard-drives, continuing education, paying assistants, updating studio samples, redecorating the consultation room, package costs, tithing…and that’s just to name a few! It’s expensive and brutal to keep track of, but, so worth it! AND people don’t want to hear how you really walk away with about half of what you bring in. But, for those of you who are interested in setting up your own business someday…this is good reality to embrace!
***ON THE OTHER SIDE…I love what I do and how many people can say that! To top off the fact that I love my career and running my company…I also get to stay home with my kids! Seriously, it’s a great life!
How’s that for an up and down and back up blog? I’m a little random but, always honest!