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Episode 58

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Published on:

16th Sep 2024

Melissa Broughton | The Tax System is Rigged

Episode 58 | The Tax System is Rigged | Guest: Melissa Broughton 

In this thought-provoking episode of Women Choosing Growth, host Tina Sue dives deep into the complexities of the tax system with Melissa Broughton, founder of Busy Bee Advisors and author of The 4-Hour Bookkeeper. Melissa brings her expertise in finance, bookkeeping, and taxes to the forefront, sharing invaluable insights for entrepreneurs and small business owners. 

Melissa’s journey from corporate accounting and auditing to helping sole proprietors master their finances is inspiring and filled with humor and practical wisdom. She highlights the importance of working with a trusted tax professional who can educate and guide clients through the intricacies of taxes and bookkeeping, ensuring they feel confident in their financial decisions. 

Throughout the episode, Tina and Melissa discuss various tax-related challenges that business owners face, from understanding what qualifies as a business expense to navigating audit triggers. Melissa emphasizes the importance of regular communication with your tax advisor, rather than just relying on them for basic form-filling. 

Melissa’s unique perspective as a "financial translator" helps demystify the tax system, making it clear that business success isn’t just about profitability—it’s about financial freedom, fulfillment, and a solid understanding of your numbers. 

What You'll Learn in This Episode: 

  • Melissa’s transition from corporate auditing to helping small businesses with bookkeeping and taxes. 
  • The critical importance of working with a proactive and knowledgeable tax professional. 
  • How to identify acceptable business expenses and avoid common audit triggers.
  • Why regular communication with your tax advisor is essential to maintaining compliance and optimizing your finances. 
  • Practical strategies for mastering your business’s finances in as little as 4 hours per month. 

Notable Quotes: 

  • "You cannot just put your head in the sand and hope taxes go away." – Melissa Broughton 
  • "Before you invest, start with a big picture and make sure you're clear on your vision." – Tina Moser
  • "Success is freedom, fulfillment, and financial satisfaction; profitability alone is not success." – Melissa Broughton
  • "A lot of tax professionals are order takers—they fill in forms, but they’re not advising clients in a proactive way." – Melissa Broughton

Melissa Broughton/Busy Bee Advisors Resources

      Email: info@busybeeadvisors.com

      Website: BusyBeeAdvisors.com

      Insta: https://www.instagram.com/busybeeadvisors/

      LinkedIn: https://www.linkedin.com/in/melissa-broughton-baa3ab77/


Women Choosing Growth Resources:

Email: Tina@WomenChoosingGrowth.com

Insta: https://www.instagram.com/womenchoosinggrowth/

Website: Tina-Sue.Com

LinkedIn: https://www.linkedin.com/in/tina-sue-moser-540379a/

Facebook: https://www.facebook.com/WomenChoosingGrowth/

Youtube: https://www.youtube.com/@WomenChoosingGrowth


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About the Podcast

Women Choosing Growth
Welcome to the Women Choosing Growth podcast, your go-to show actionable advice to grow your business to be worth millions while sharing empowering stories of triumph and navigating obstacles from women entrepreneurs, industry experts, and thought leaders who have experienced the inevitable challenges that come with entrepreneurship.

Whether you're embarking on your entrepreneurial journey or seeking to elevate your business to new heights, our podcast is your ultimate resource hub, providing you with the essential tools, valuable resources, and a supportive community to foster your business growth.

I'm your host, Tina Sue, a lifelong entrepreneur and business growth advisor, and together, we'll crush a wide range of topics tailored specifically to the needs of women entrepreneurs. From effective marketing strategies to mastering the art of sales, from financial management to transformative leadership techniques, and from personal growth to professional development – we've got you covered.

Get ready to supercharge your business growth, work smarter, and build a business you will eventually sell form millions! This podcast is a must-listen for ambitious women entrepreneurs who are determined to thrive.

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