write that shit off
Now this is a tricky subject… because no one wants you spending money you don’t have.
But often entrepreneurs get to the end of the year and try to boost their expenses to lower their tax burden. (PLEASE don’t do this is you are considering a business acquisition in the near future! Those books need to look as clean and as profitable as possible!)
So if you find yourself in this position, consider the upcoming expenses you are going to incur and maybe front load them. Buy those plane tickets you need to go to Alt Summit with us in Palm Springs in March! (We have one open bedroom in our amazing airbnb!) If you have been thinking of getting coaching, now is a great time to pay in full! Your 2024 self will thank you! And your tax burden will be a whole lot less. Would you rather buy taxes or coaching yourself into your most profitable and easeful year yet!? (reply to this email if you want to see if you are a good fit for my coaching program)
Speaking of your financial statements, now is a great time to set aside time in January to do a deep dive into your 2023 financials to gain insights while it is fresh in your mind and you can pivot, change your prices if necessary and plan for a profitable and abundant 2024!! If this feels like a drag or a slog, we can do it together! Book a P&L deep dive! There is nothing like letting an expert peek in the back door of your business and see things you never even noticed.