Podcasts about income reports

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Sponsored by ⁠⁠Web Designer Anthology⁠⁠ Stop building from scratch on every project. ⁠⁠Web Designer Anthology⁠⁠ gives you conversion-focused website templates, strategic frameworks, and design-systems methodology so you can work smarter and make more in less time. Get access to 20 conversion-structured website templates, 600+ strategic design assets, homepage and sales page formulas, and an AI assistant trained to help you build results-driven websites faster.

Grab our High-Converting Proposal Template and learn what to include (and what to leave out) to turn more of your proposals into higher-paying clients. https://webdesigneracademy.com/template March 2026 Income Report: What a $22K Month Really Looked Like Shannon Mattern and Client Success Coordinator Erica Nash break down the March 2026 numbers honestly: $22,617.87 total inflow, a break-even month, and the real mindset work underneath it all. Revenue came from the Simply Profitable Designer Summit ticket sales ($9,371), Next Level Mastermind renewals, private coaching, and Web Designer Academy payment plans. Total outflow was approximately $21,583. The bigger story? March was also the month of the 10th annual Simply Profitable Designer Summit (20 speakers, conversion design theme), a new lead magnet launch, a new TikTok account, and the launch of the Pricing Mindset Makeover podcast. Shannon unpacks the pattern she falls into every summit season: expecting immediate Web Designer Academy enrollments from an event that's designed to plant seeds for months to come. She and Erica talk through getting neutral about your numbers, the difference between persistence and powering through, and why you cannot navigate business wobbles alone. Full episode: https://webdesigneracademy.com/192 | Proposal Template: https://webdesigneracademy.com/template In This Episode: March 2026 income breakdown: $22,617.87 total inflow across summit tickets, mastermind renewals, coaching, and WDA payment plans The QuickBooks vs. YNAB discrepancy and what it teaches about tracking multiple revenue streams 10th annual Simply Profitable Designer Summit recap: conversion design, 20 speakers, the real cost of summit season Summits plant seeds: why Shannon keeps expecting instant results from an event designed for long-term growth Persistence vs. powering through, and how to tell the difference when you're in the middle of it Getting to a "functional level of certainty" during a wobble and the support systems that make it possible What You'll Learn: How to look at monthly revenue data without letting one line item hijack your whole perspective Why Q1 2026 being up 13% over last year tells a different story than a single down month The difference between marketing that plants seeds and marketing that harvests them... and why the timeline matters What it looks like to get neutral about your business numbers and make data-driven decisions instead of fear-driven ones How masterminds, financial strategists, and other support systems give you the perspective your nervous system can't access alone Why "new levels, same devils" is not a sign of failure, and how to build better systems around your patterns Resources Mentioned: Simply Profitable Designer Summit Next Level Mastermind Web Designer Academy Pricing Mindset Makeover Podcast Related Episodes: Episode 187: February 2026 Income Report Episode 187: February 2026 Income Report Episode 182: January 2026 Income Report Episode 179: 2025 Year in Review About Shannon Mattern: Shannon Mattern is a Pricing Strategist and the founder of the Web Designer Academy where she helps experienced women web designers book higher-paying web design projects, charge more with confidence, run projects without overworking and burnout, and break through to their next level of income and freedom. For Web Designers: https://webdesigneracademy.com | For Service Providers, Consultants & Agencies: https://shannonmattern.com | Instagram: @profitablewebdesigner | @shannonlmattern

Grab our High-Converting Proposal Template and learn what to include (and what to leave out) to turn more of your proposals into higher-paying clients. https://webdesigneracademy.com/template March 2026 Income Report: What a $22K Month Really Looked Like Shannon Mattern and Client Success Coordinator Erica Nash break down the March 2026 numbers honestly: $22,617.87 total inflow, a break-even month, and the real mindset work underneath it all. Revenue came from the Simply Profitable Designer Summit ticket sales ($9,371), Next Level Mastermind renewals, private coaching, and Web Designer Academy payment plans. Total outflow was approximately $21,583. The bigger story? March was also the month of the 10th annual Simply Profitable Designer Summit (20 speakers, conversion design theme), a new lead magnet launch, a new TikTok account, and the launch of the Pricing Mindset Makeover podcast. Shannon unpacks the pattern she falls into every summit season: expecting immediate Web Designer Academy enrollments from an event that's designed to plant seeds for months to come. She and Erica talk through getting neutral about your numbers, the difference between persistence and powering through, and why you cannot navigate business wobbles alone. Full episode: https://webdesigneracademy.com/192 | Proposal Template: https://webdesigneracademy.com/template In This Episode: March 2026 income breakdown: $22,617.87 total inflow across summit tickets, mastermind renewals, coaching, and WDA payment plans The QuickBooks vs. YNAB discrepancy and what it teaches about tracking multiple revenue streams 10th annual Simply Profitable Designer Summit recap: conversion design, 20 speakers, the real cost of summit season Summits plant seeds: why Shannon keeps expecting instant results from an event designed for long-term growth Persistence vs. powering through, and how to tell the difference when you're in the middle of it Getting to a "functional level of certainty" during a wobble and the support systems that make it possible What You'll Learn: How to look at monthly revenue data without letting one line item hijack your whole perspective Why Q1 2026 being up 13% over last year tells a different story than a single down month The difference between marketing that plants seeds and marketing that harvests them... and why the timeline matters What it looks like to get neutral about your business numbers and make data-driven decisions instead of fear-driven ones How masterminds, financial strategists, and other support systems give you the perspective your nervous system can't access alone Why "new levels, same devils" is not a sign of failure, and how to build better systems around your patterns Resources Mentioned: Simply Profitable Designer Summit Next Level Mastermind Web Designer Academy Pricing Mindset Makeover Podcast Related Episodes: Episode 187: February 2026 Income Report Episode 187: February 2026 Income Report Episode 182: January 2026 Income Report Episode 179: 2025 Year in Review About Shannon Mattern: Shannon Mattern is a Pricing Strategist and the founder of the Web Designer Academy where she helps experienced women web designers book higher-paying web design projects, charge more with confidence, run projects without overworking and burnout, and break through to their next level of income and freedom.For Web Designers: https://webdesigneracademy.com | For Service Providers, Consultants & Agencies: https://shannonmattern.com | Instagram: @profitablewebdesigner | @shannonlmattern

In this episode, Travis sits down with his CFO, Pam Jordan, to break down the financial performance of the podcast business in Q1 of 2026. Pam brings deep financial expertise working with hundreds of businesses, offering a behind-the-scenes look at revenue, profit margins, and cash flow strategy. Together, they explore what it really takes to build a profitable content-driven business—and the calculated risks required to scale it. On this episode we talk about: Breaking down $140K in Q1 podcast revenue and where it came from Why podcast advertising is the primary (and most profitable) revenue stream The impact of cash flow timing and delayed payments on financial reporting Balancing high-margin content businesses with long-term scalability How entrepreneurs should evaluate risk using data, goals, and scenario planning Top 3 Takeaways High-margin businesses like podcasting can be extremely profitable—but often lack predictability without reinvestment into growth. Cash flow timing matters just as much as revenue—what looks like a “down” month may just be delayed payments. The best investment decisions align with your long-term goals and pass both best-case and worst-case scenario tests. Notable Quotes "It's not just what you make—it's what you keep." "If your content can pay for itself and put money in your pocket, it's worth doing." "Take the risk—but make it an educated one." Connect with Travis: Instagram: https://instagram.com/travischappell Website: https://travischappell.com Travis Makes Money is made possible by High Level – the All-In-One Sales & Marketing Platform built for agencies, by an agency. Capture leads, nurture them, and close more deals—all from one powerful platform. Get an extended free trial at gohighlevel.com/travis Learn more about your ad choices. Visit megaphone.fm/adchoices

Grab our High-Converting Proposal Template and learn what to include (and what to leave out) to turn more of your proposals into higher-paying clients. ⁠https://webdesigneracademy.com/template⁠ February 2026 Income Report: $26K, Money Mindset, and the Scary Things Worth Doing In this episode, I pull back the curtain on February 2026... $26,735 in revenue, $23,015 in expenses, and everything behind the numbers. This isn't just a money update. It's a real look at the mindset work, the pivots, and the moves that felt terrifying and necessary at the same time. From the discovery that writing is my queen bee role, to the decision to release a free Package Matrix™ template, to finally launching on TikTok after years of avoidance... this episode covers the real behind-the-scenes of running a profitable business when your thoughts about money are still a work in progress. What You'll Learn Why perfectionism keeps prices low and how to spot the pattern in yourself Why using ChatGPT for mindset coaching can create an echo chamber that makes things worse What a queen bee role is and how identifying yours can change your business Why Shannon is releasing a free Package Matrix™ template and what fear I had to work through to do it How to identify your "hidden competing commitments" that are blocking you from doing the scary thing Key Timestamps [00:01] Welcome & what money mindset really means [07:20] Why ChatGPT is a problematic mindset coach [10:43] February inflow, outflow and overflow [18:33] Queen bee role discovery [37:19] The Package Matrix™ free template [41:26] Why I'm finally on TikTok @profitablewebdesigner Resources Mentioned ⁠Web Designer Academy⁠ - Business coaching programs for women web designers ⁠Next Level Mastermind⁠ - For experienced web designers ready for their next level ⁠Simply Profitable Designer Summit⁠ - Free annual summit for web designers ⁠5 Proposal Mistakes Guide⁠ - Free guide Related Episodes ⁠Episode 183: Pricing Strategy: Inside The Package Matrix Framework⁠ ⁠Episode 182: January 2026 Income Report⁠ ⁠Episode 180: The Truth About Pricing with Melina Palmer⁠ About Shannon Mattern Shannon Mattern is a Pricing Strategist and the founder of the Web Designer Academy where she helps experienced women web designers book higher-paying web design projects, charge more with confidence, run projects without overworking and burnout and break through to their next level of income and freedom. For Web Designers: ⁠https://webdesigneracademy.com⁠ For Service Providers, Consultants & Agencies: ⁠https://shannonmattern.com⁠ Tiktok: @profitablewebdesigner | @shannonlmattern

Grab our High-Converting Proposal Template and learn what to include (and what to leave out) to turn more of your proposals into higher-paying clients. https://webdesigneracademy.com/template February 2026 Income Report: $26K, Money Mindset, and the Scary Things Worth Doing In this episode, I pull back the curtain on February 2026... $26,735 in revenue, $23,015 in expenses, and everything behind the numbers. This isn't just a money update. It's a real look at the mindset work, the pivots, and the moves that felt terrifying and necessary at the same time. From the discovery that writing is my queen bee role, to the decision to release a free Package Matrix™ template, to finally launching on TikTok after years of avoidance... this episode covers the real behind-the-scenes of running a profitable business when your thoughts about money are still a work in progress. What You'll Learn Why perfectionism keeps prices low and how to spot the pattern in yourself Why using ChatGPT for mindset coaching can create an echo chamber that makes things worse What a queen bee role is and how identifying yours can change your business Why Shannon is releasing a free Package Matrix™ template and what fear I had to work through to do it How to identify your "hidden competing commitments" that are blocking you from doing the scary thing Key Timestamps [00:01] Welcome & what money mindset really means [07:20] Why ChatGPT is a problematic mindset coach [10:43] February inflow, outflow and overflow [18:33] Queen bee role discovery [37:19] The Package Matrix™ free template [41:26] Why I'm finally on TikTok @profitablewebdesigner Resources Mentioned Web Designer Academy - Business coaching programs for women web designers Next Level Mastermind - For experienced web designers ready for their next level Simply Profitable Designer Summit - Free annual summit for web designers 5 Proposal Mistakes Guide - Free guide Related Episodes Episode 183: Pricing Strategy: Inside The Package Matrix Framework Episode 182: January 2026 Income Report Episode 180: The Truth About Pricing with Melina Palmer About Shannon Mattern Shannon Mattern is a Pricing Strategist and the founder of the Web Designer Academy where she helps experienced women web designers book higher-paying web design projects, charge more with confidence, run projects without overworking and burnout and break through to their next level of income and freedom. For Web Designers: https://webdesigneracademy.com For Service Providers, Consultants & Agencies: https://shannonmattern.com Tiktok: @profitablewebdesigner | @shannonlmattern

Increase your income without niching down, rebranding or adding more services or skills. ​Get our 90-Day Revenue Roadmap Training and find out how to go from undercharging and hustling to booking projects you love (at higher prices than you thought possible). Get the full show notes at https://webdesigneracademy.com/182 When you're ready, here are some ways we can help you with your web design business:​

Think a small TPT catalog can't make a dent? We walk through the real numbers from a tiny, neglected second store—23 paid products, zero bundles, minimal email, almost no social—and how it still earned $538 last year and $63 in January. The secret isn't hustle for hustle's sake; it's an intentional system that turns limited time into repeatable outcomes.We break down the “create three” approach that accelerates validation: design three product templates, publish a few in each, then double down on the line that gets traction. Morning work rose to the top because it's fast to produce, easy to explain, and simple to expand with themes and grade levels. By reusing layouts and clip art across listings, creation time drops, brand clarity grows, and previews stay consistent—making it easier for buyers to add multiple related items to their carts.Seasonality and light SEO do quiet heavy lifting. A quick monthly sweep to refresh titles, descriptions, and tags for upcoming holidays kept products visible without a big marketing push. We also unpack the realistic math of scaling: double the listings, roughly double the revenue; add bundles to lift average order value; and nurture a small email list with helpful, on-theme content. Most importantly, we show why intention outperforms volume—fewer, better products in a coherent line often beat scattered catalogs built on guesswork.Whether you're new to TPT or rethinking a mature store, you'll leave with a clear playbook: validate fast, standardize templates, expand winning lines, optimize before peak seasons, and treat your shop like a business if you want business-level results. If this breakdown helped, follow the show, share it with a TPT friend, and leave a quick review so more teacher-sellers can find it. What product line will you test first?Watch This Episode on YouTube: https://youtu.be/uFR2HuPBS0MCheck Out My YouTube Channel: https://www.youtube.com/c/laurenfulton My Instagram: https://www.instagram.com/laurentschappler/ My Other YouTube: https://www.youtube.com/@LaurenATsch Free Rebranded Teacher Facebook Group: https://www.facebook.com/groups/749538092194115Support the show

Welcome to the ThrivetimeShow.com Cleaning Business Podcast Series. During this 100 episode business coach podcast series Clay Clark teaches how you can achieve success in automotive repair, carpet cleaning, dog training, grooming, home building, home cleaning, home remodeling, manufacturing, medical, online sales, podcasting, photography, signage, skin care, and other industries. #CleaningBusinessPodcast   Where You Find Thousands of Clay Clark Client Success Stories?  https://www.thrivetimeshow.com/testimonials/    Breaking Down the 1,462% Growth of Stephanie Pipkin with Clay Clark: An EOFire Classic from 2022 - https://www.eofire.com/podcast/clayclark8/    Who is Clay Clark?  Clay Clark is the co-founder of five kids, the host of the 6X iTunes chart-topping ThrivetimeShow.com Podcast, the 2007 Oklahoma SBA Entrepreneur of the Year, the 2002 Tulsa Metro Chamber of Commerce Young Entrepreneur of the Year, an Amazon best-selling author, a singer / song-writer and the founder of several multi-million dollar businesses.  https://www.forbes.com/councils/forbescoachescouncil/people/clayclark/    Where Can You Learn More About Clay Clark? https://www.thrivetimeshow.com/need-business-coach/#coaching-about-founders    Where Can You Read Clay Clark's 40+ Books? https://www.amazon.com/stores/Clay-Clark/author/B004M6F5T4?ref=sr_ntt_srch_lnk_1&qid=1767189818&sr=8-1&shoppingPortalEnabled=true    Where Can You Discover Clay Clark's Songs & Original Music?  https://open.spotify.com/album/2ZdE8VDS6PYQgdilQ1vWTP?si=Am65WUlIQba4OLbinBYo1g   

Increase your income without niching down, rebranding or adding more services or skills. ​Get our 90-Day Revenue Roadmap Training and find out how to go from undercharging and hustling to booking projects you love (at higher prices than you thought possible). Get the full show notes at https://webdesigneracademy.com/178 When you're ready, here are some ways we can help you with your web design business:​

This is the last week to join Mural Money Bootcamp! If you want a breakdown of my profit/expenses and a look into my Quickbooks, join us next week inside the Artist Academy Facebook group for a video walkthrough of exactly how I calculate my taxes, how much I spent on supplies, hiring, etc.

Increase your income without niching down, rebranding or adding more services or skills. ​Get our 90-Day Revenue Roadmap Training and find out how to go from undercharging and hustling to booking projects you love (at higher prices than you thought possible). Get the full show notes at https://webdesigneracademy.com/174 When you're ready, here are some ways we can help you with your web design business:​

Increase your income without niching down, rebranding or adding more services or skills. ​Get our 90-Day Revenue Roadmap Training and find out how to go from undercharging and hustling to booking projects you love (at higher prices than you thought possible). Get the full show notes at https://webdesigneracademy.com/170 When you're ready, here are some ways we can help you with your web design business:​

Increase your income without niching down, rebranding or adding more services or skills. ​Get our 90-Day Revenue Roadmap Training and find out how to go from undercharging and hustling to booking projects you love (at higher prices than you thought possible). Get the full show notes at https://webdesigneracademy.com/166 When you're ready, here are some ways we can help you with your web design business:​

Chicago residents fight back against ICE. Why don't they do something similar to combat the violence in the city? Virginia DA candidate should not be a candidate. Tim Walz gets another bad grade this time on median income report. Johnny Heidt with guitar news. Heard On The Show:Feeding Our Future defendant jailed before trial after witness tampering allegationsState senator from Eagan to retire at end of termEF5 tornado that killed 3 in North Dakota was the nation's first in 12 yearsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Increase your income without niching down, rebranding or adding more services or skills. ​Get our 90-Day Revenue Roadmap Training and find out how to go from undercharging and hustling to booking projects you love (at higher prices than you thought possible). Get the full show notes at https://webdesigneracademy.com/162 When you're ready, here are some ways we can help you with your web design business:​

Increase your income without niching down, rebranding or adding more services or skills. ​Get our 90-Day Revenue Roadmap Training and find out how to go from undercharging and hustling to booking projects you love (at higher prices than you thought possible). Get the full show notes at https://webdesigneracademy.com/156 When you're ready, here are some ways we can help you with your web design business:​

In July, I embarked on a new business model focusing on membership and affiliate sales to prepare for my upcoming wedding and family expansion. I go deep into my membership launch and will share exactly how much affiliate income I generated.00:00 Introduction: A New Business Era00:40 Why Income Reports01:29 Membership Launch Review: List Growth Lab02:22 July Highlights05:31 Affiliate Marketing Results07:42 Plans for August and Beyond09:57 What's Next? Join my free Facebook Group Connect with me on Instagram

Increase your income without niching down, rebranding or adding more services or skills. ​Get our 90-Day Revenue Roadmap Training and find out how to go from undercharging and hustling to booking projects you love (at higher prices than you thought possible). Get the full show notes at https://webdesigneracademy.com/153 When you're ready, here are some ways we can help you with your web design business:​

Are you feeling behind in your business growth because of what you're seeing online? It makes sense that you do. Never in our lifetime have we been able to see the success (or “so-called” success of every business who wants to share. Social media makes it easy for us to see people boost about wins or share income reports, but we don't actually see what's making their business tick. In this honest and important episode, Stephanie gets real about the rise of the business influencer, those entrepreneurs on your feed who seem to hit seven figures in 7 months, retire their spouse in year one or work from their backyard pool and make it seem easy. But what are they not telling you? And how is their version of success impacting the way you feel about your business? If you've ever found yourself wondering, “Why is it taking me so long?”, this episode will re-ground you, reset your expectations, and remind you that you're on the right path.

Increase your income without niching down, rebranding or adding more services or skills. ​Get our 90-Day Revenue Roadmap Training and find out how to go from undercharging and hustling to booking projects you love (at higher prices than you thought possible). Get the full show notes at https://webdesigneracademy.com/148 When you're ready, here are some ways we can help you with your web design business:​

Today on Truth in Politics and Culture the city of Columbia, South Carolina comes under fire for a four year old ordinance that bans licensed counselors from using "conversion therapy." The Trump Administration gets a boost for its economic policy from an April income and inflation report that shows income rising and inflation dropping.

NEW free training for women web designers: Book higher-paying web design projects without overworking! ​Get our Profitable Web Design Business Roadmap Training and find out how to go from undercharging and hustling to booking projects you love (at higher prices than you thought possible). Get the full show notes at https://webdesigneracademy.com/144 When you're ready, here are some ways we can help you with your web design business:​

NEW free training for women web designers: Book higher-paying web design projects without overworking! ​Get our Profitable Web Design Business Roadmap Training and find out how to go from undercharging and hustling to booking projects you love (at higher prices than you thought possible). Get the full show notes at https://webdesigneracademy.com/140 When you're ready, here are some ways we can help you with your web design business:​

I'm doing a first for my business in 2025...sharing quarterly recaps and income reports!In this first-ever quarterly income report, we'll get into how we achieved $115,655 in revenue with over $88,000 in profit while building Web Designer Pro to $346,459 in annual recurring revenue.Highlights include:• Moving course sales pages from joshhallco to webdesignerprocom, including transferring all course reviews using Senja• Launching Web Designer HQ, a centralized directory for all SOP templates, email scripts, and resources• Creating audio versions of three courses available as private podcast feeds for Pro members• Introducing Brock, an AI agent for Web Designer Pro that helps members find resources and get coaching• Planning course revamps for DNS and SEO courses plus developing a new model site• Celebrating nearly selling out the first Web Designer Pro conference with 36 out of 40 tickets sold• Breaking down revenue streams: $85,000 from Web Designer Pro memberships, $15,000 from sponsorships, $8,186 from affiliate income• Maintaining a lean business model with just $27,600 in quarterly expenses, including team costs and taxesI definitely challenge you to look at your own business numbers quarterly, even if you don't share them publicly. Take time to celebrate your wins and analyze what's working and what's not!- Josh

It's tax season crunch time, so we are resharing a timely episode debunking the 1120-S tax return. In this episode, Brian will walk you through the S-Corporation income tax return to help you better understand what you're filing and hopefully catch mistakes before it's too late. He provides a section-by-section analysis of Form 1120-S and highlights key areas that business owners and tax professionals make mistakes. Episode Highlights Part 1: Heading, Income, Deductions, Tax and Payments Most of this information is drawn from your business's Profit and Loss Statement. Here's a breakdown of what's on the first page: Calendar year: The very top of the form asks for the calendar year. If the corporation has a calendar year-end, leave this blank. If a fiscal year or short year put in the appropriate dates. Address: Underneath the calendar year, the form asks for a name and address. Use the name set forth in the charter or other legal documents, such as your Employer Identification Number (EIN) letter. Item A: Located to the left of the address, Item A asks for your S election effective date. You should have a letter from the IRS (CP 261) with your S-Corp starting date. This date should stay the same every year. Item B: Your business activity code. This code shows the IRS exactly what you do. Item C: Item C only applies if you have assets of $10 million or more. Most of the time, Item C will not be checked. Item D: Put your EIN in Item D. Make sure to verify it's correct before you file your form. Item E: Your date of incorporation should match the articles of incorporation. This date may or may not be the same date as your S-election. Like the S-election date, the date of incorporation won't change. Item F: Total assets at the end of the year. Item G: If the corporation is electing to be an S-Corp beginning with the current filing tax year, check the appropriate box. If the S-Corp did not already file the S-Election, attach Form 2553 with the return. Item H: These boxes should be self-explanatory. Check the boxes that apply. Item I: Enter the number of shareholders in the firm (e.g. yourself and your partners). Item J: Most of the time, Item J will not be checked. If you believe that one of the Item J items applies, follow up with your tax accountant. Income: Report gross revenue your business has earned for the year and any additional income or interest income that you may have incurred. Only report trade or business income. Do not list rental income, portfolio income, or tax exempt income (those go on your Schedule K). Expenses: Report all deductions on your Profit and Loss statement. Pay special attention to the following lines: Line 7: Compensation of officers should have something on it. S-Corporations must pay shareholder/employee reasonable compensation for services rendered, and failing to put reasonable compensation could lead to an IRS audit. Also included on this line are fringe benefits, including employer contributions to health plans and group term life insurance, for shareholders/employees owning more than 2% of the corporation stock. If your S-Corp has total receipts of $500,000 or more, you'll need to attach Form 1125-E to explain what was paid to each officer. Line 8: Salary and wages paid to employees (other than officers) of the corporation. Line 17: An S-Corporation can deduct contributions made for its employees under a qualified pension, profit sharing, annuity, SEP plan, Simple plan, or any other retirement deferred compensation plan. This includes shareholders/employees owning more than 2% of the corporation stock. Line 18: Employee fringe benefits provided to officers and employees owning less than 2% go on this line, such as health insurance, disability insurance, and educational assistance. Line 19: Line 19 includes any other deductions. There should be an attached statement, and it should match your profit and loss. The numbers should be close to your Profit and Loss statement. Taxes and payments: In general, an S-Corporation does not pay taxes at the corporate level, so this section will be blank. Signature: It's important to sign the return only after verifying all of the information, including the following sections. Part 2: Schedule B This section is mostly self-explanatory questions. Make sure to read and understand each question. Below are two lines to pay special attention to: Box 1: This easy-to-miss box can change your entire return if you're not careful, since it's where you select whether you're a cash or accrual basis taxpayer. Once you choose an accounting method, you generally cannot change without approval from the IRS. Box 2: Here is where you explain what you do. Part B is an either/or question, so state whether you sell products or services. Also, if you hire contractors, say yes to question 14 -- and hopefully you got out your 1099 forms by January 31. Part 3: Schedules K and K-1 Schedule K reports the pro rata share items in total for the Corporation. Schedule K-1, which you receive in your personal name, reports the percentage of pro rata share items allocable to each shareholder.  Lines 1-17 on Schedule K correspond to Boxes 1-17 on Schedule K-1. Most items on Schedules K and K-1 are self-explanatory and come from other parts of the return. Part 4: Schedule L  This is where many taxpayers make a mistake. Schedule L matches your business' balance sheet and should agree with your books and records. If it doesn't, find out why before you file. The first two columns match what your accounts were at the beginning of the year and should match what the accounts were at the end of last year. If this is your first year filing an 1120-S return, these two columns should be blank. The second two columns are for what the accounts had on December 31 of the previous year and will carry over to next year's return. Some of the most common assets on Schedule L are: Line 1: Write the amount of cash in your bank account on the last day of the year. Line 7: Loans to shareholders are loans from the corporation to the shareholder. Keep in mind, these loans need to be documented and should have a repayment schedule and interest rate. Line 10a: Buildings and other depreciable assets are fixed assets that the business owns that have been depreciated, such as real estate, furniture, or machinery  Some of the most common liabilities on Schedule L are: Line 18: Other current liabilities are expenses incurred at the end of the year but not paid until January of the next year. Current expenses often include wages, state taxes, federal taxes, and payroll taxes payable at the end of the year.  Line 19: Loans from shareholders are loans from the shareholder to the corporation. As with the other loans, these loans should be documented and include a repayment schedule and interest rate. Line 22: The par value or stated value of the capital stock issued by the corporation. This amount stays the same each year unless the S-Corporation issues additional stock after incorporation. The corporate charter or minutes should identify the stock. Line 23: Enter the beginning and ending balances of additional paid-in capital. This includes the amount contributed to the S-Corp by shareholders for which the corporation did not issue stock or amounts contributed in excess of the stated or par value. Line 24: This section is especially tricky. You should base the retained earnings on the S-Corporation's books and records. Most of the time, retained earnings should match the Accumulated Adjustments Account (AAA), other adjustments account (OAA), and previously taxed income (PTI) balances on Schedule M-2. Line 27: This line represents the total liability and shareholders equity. This line must match line 15. If you answered “yes” to question 11 on Schedule B that your total receipts were less than $250,000 and total assets were less than $250,000, then you aren't required to file a Schedule L. However, it may be beneficial to file Schedule L anyway because it will be crucial for future balance sheets. Part 5: Schedules M-1 and M-2 Schedule M-1 helps explain discrepancies between the books and your tax return. This section should explain any differences you notice.  Some common items reported on Schedule M-2 include: Meal expenses (100% on books, 50% on taxes) Entertainment (100% on books, 0% on taxes) Life insurance premium expense (100% on books, 0% on taxes) Certain fines and penalties (100% on books, 0% on taxes) Political contributions (100% on books, 0% on taxes) Book depreciation expense (100% on books, 0% on taxes) Tax depreciation expense (%0 on books, 100% on taxes) Tax-exempt income (100% on books, %0 on taxes)  Schedule M-2 tracks the income and losses and separately states items that the shareholder should report on their tax return. Resources + Links  Bank Reconciliation 101 Lessons from the 1099-NEC deadline Follow Brian Thompson Online: Instagram, Facebook, LinkedIn, X, Forbes About Brian and the Mission Driven Business Podcast Brian Thompson, JD/CFP, is a tax attorney and certified financial planner who specializes in providing comprehensive financial planning to LGBTQ+ entrepreneurs who run mission-driven businesses. The Mission Driven Business podcast was born out of his passion for helping social entrepreneurs create businesses with purpose and profit. On the podcast, Brian talks with diverse entrepreneurs and the people who support them. Listeners hear stories of experiences, strength, and hope and get practical advice to help them build businesses that might just change the world, too.

Sharing My Income Report One of my favorite activities is voxing my friends and discussing business finances and the different ways we each manage and view ours. As we've lamented time and time again, business finances feel so much more overwhelming than personal finances. With personal finances, your goal is to save as much money […] The post Ep. 248: My 2024 Income Report appeared first on Amanda Warfield.

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income136, and IGNITE! December 2024 Income At-A-Glance Gross Income for December: $131,587 Total Expenses for December: $12,156 Total Net Profit for December: $119,431 Difference b/t December and November: +$35,348 Percentage of net profit to overall gross revenue: 91 percent Sponsors HubSpot When you combine the power of Marketing Hub and Content Hub, you can have your best quarter, every quarter. Visit Hubspot.com/marketers to learn more Airbnb If you've got an extended trip coming up and need a little help hosting while you're away, just hire a co-host to do the work for you. Find a co-host at Airbnb.com/host Optimize To chat with JLD about Optimizing your life, click here EOFire.com/optimize

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income136, and IGNITE! December 2024 Income At-A-Glance Gross Income for December: $131,587 Total Expenses for December: $12,156 Total Net Profit for December: $119,431 Difference b/t December and November: +$35,348 Percentage of net profit to overall gross revenue: 91 percent Sponsors HubSpot When you combine the power of Marketing Hub and Content Hub, you can have your best quarter, every quarter. Visit Hubspot.com/marketers to learn more Airbnb If you've got an extended trip coming up and need a little help hosting while you're away, just hire a co-host to do the work for you. Find a co-host at Airbnb.com/host Optimize To chat with JLD about Optimizing your life, click here EOFire.com/optimize

What worked, what didn't, and what's next? In this month's passive income report, Russ and Joey answer listener questions and give you an inside look at their financial wins, lessons learned, and plans for the future. From land investing to new income streams like vending and Turo, they share practical advice you can use to build your own path to financial freedom.Are you ready to build your passive income? Discover how to create a financial plan that works for you while avoiding common mistakes investors make.Top three things you will learn: -How to reinvest passive income for growth and long-term success-Key lessons from underperforming investments -Exciting new passive income streams to explore in 2025November 2024 Income At-A-Glance: -Gross Income for November: $65,388.22-Total Expenses for November: $18,231.33-Total Net Profit for November: $47,156.89-Difference b/t October & November: ($3,520.25)-% of net profit to overall gross revenue: 72%You can also learn valuable lessons on wealth-building and overcoming obstacles from the following episode: -Round Table | A Path to Financial Freedom: Explained by Jack and the Beanstalk - https://www.youtube.com/watch?v=2zgXLvJkM0kFor Accredited Investors Who Want to Invest With Us:-Email: info@wealthwithoutstreet.com (Reply: Accredited)Turn Active Income Into Passive Income:-https://wealthwithoutwallstreet.com/piosFree IBCA or Financial Freedom Discovery Calls:-https://wealthwithoutwallstreet.com/freecallJoin the Inner Circle Live Waitlist:-https://www.wealthwithoutwallstreet.com/liveIBC Webinar:-https://wealthwithoutwallstreet.com/ibcWealth Without Wall Street New Book:-https://wealthwithoutwallstreet.com/newbookAccess our Free Financial Scorecard:-https://wealthwithoutwallstreet.com/scorecardHow to Start a Vending Machine Business, Cost, Tips, How Much You Make with Michael Hoffmann: -https://www.youtube.com/watch?v=73Xwu2tHhwIBuild Passive Income with Vending Machines:-https://wealthwithoutwallstreet.com/vendingExplore the World's Largest Car Sharing Marketplace:-https://turo.com/Learn How to Invest in Real Estate with The Land Geek:-https://thelandgeek.com/Join the Wealth Without Wall Street Community: -

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income135, and IGNITE! November 2024 Income At-A-Glance Gross Income for November: $96,482 Total Expenses for November: $12,399 Total Net Profit for November: $84,083 Difference b/t November & October: -$45,520 Percentage of net profit to overall gross revenue: 87 percent Sponsors HubSpot Breeze is HubSpot's collection of AI tools that helps you turn one piece of content into a whole suite of assets. Visit HubSpot.com/marketers to learn more LastPass The most accessible and easy-to-use password manager on the planet! Visit LastPass.com/fire for a free trial and get started today Author100 A 100-day program where I will personally guide you 1-on-1 to create, write, publish and market your book! If you want daily guidance and mentorship from me, JLD, then head over to Author100.com to sign up for a free call to chat about the details

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income134, and IGNITE! October 2024 Income At-A-Glance Gross Income for August: $140,470 Total Expenses for August: $10,867 Total Net Profit for August: $129,603 Difference b/t August and July: +$30,918 Percentage of net profit to overall gross revenue: 92 percent Sponsors HubSpot Making your life easier. Getting you results faster. And better connecting you to all your data, all in one place. Start making major moves with HubSpot. Visit HubSpot.com/marketers to learn more FranBridge Many EOFire listeners have launched franchises in a variety of industries outside of food – and FranBridge Consulting has guided them to these premier opportunities! Sign up for a free consultation with Jon - or get a free copy of his book, Non-Food Franchising - at FranBridgeConsulting.com

Check out the Black Friday catalog here: https://www.ouiwestudio.com/blackfriday In this episode, I'm sharing the blueprint for scaling your business in a way that doesn't rely on burning out through 1:1 coaching or unpredictable brand partnerships. Plus I'm giving exact details and numbers from my profit and loss statement (sharing income and expenses)! From the flexibility and high-margin potential of consulting, to the community-building power of group coaching and masterminds, and the automated income machine that digital products can become, I'm giving the details on why these revenue streams should potentially be your priority as you grow. We're also discussing why 1:1 coaching is a great starting point for understanding your clients' needs, and how it can seamlessly lead to larger, more scalable offerings. Whether you're aiming for six figures or beyond, this episode will give you the roadmap to achieve sustainable business growth while maintaining balance. In this episode, we're talking about the approach I'm taking to Black Friday sales in my business, plus I'm sharing the step-by-step Oui, We Viral Content Method that works for me (and will work for you too, because Human Design)! Resources: Join the 30-Day Storytelling challenge: ouiwestudio.com/ooo Are you a Smart Girl CEO, an OOO Entrepreneur, a Kind, Caring Creative, or a No-Gatekeeping Content Creator?    Take the Creator Archetype quiz to find out which archetype matches your brand, content creation habits, offers, and goals.   Learn more about starting your next 6-figure business, plus get AI pitch prompts, swipe copy, brand decks, social templates, and more inside the Unschool: Intuitive Biz Academy.    This show is produced by Ben Alleman, editing by Kiara Ramirez

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income133, and IGNITE! September 2024 Income At-A-Glance Gross Income for August: $110,362 Total Expenses for August: $11,677 Total Net Profit for August: $98,685 Difference b/t August & July: -$35,373 Percentage of net profit to overall gross revenue: 89 percent Sponsor HubSpot: Get ready for growth, without the growing pains. Visit HubSpot.com/spotlight to see the dozens of major product updates that'll make impossible growth feel impossibly easy

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income132, and IGNITE! August 2024 Income At-A-Glance Gross Income for August: $143,642 Total Expenses for August: $9,584 Total Net Profit for August: $134,058 Difference b/t August & July: -$24,306 Percentage of net profit to overall gross revenue: 93 percent

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income131, and IGNITE! July 2024 Income At-A-Glance Gross Income for July: $170,866 Total Expenses for July: $12,502 Total Net Profit for July: $158,364 Difference b/t July and June: +$46,443 Percentage of net profit to overall gross revenue: 93 percent

Our Q2 2024 review is here! These quarterly review episodes contribute to our mission of creating financially transparent content - sharing what's working in our business, what we've learned, and what we're celebrating. For more in-depth, behind the business case study episodes from within our business, check out the C-Suite: https://ellenyin.com/csuite View the transcript for this episode at: Thank you to our sponsors! Learn how to sell (and scale!) your course or program on autopilot, every single day with Nicki's free video training: https://circuitsalessystem.com/ceo Try the #1 all-in-one E-commerce platform: Shopify! Sign up for a one dollar per month trial period at https://shopify.com/ellen Get 20% off your entire Soursop Nutrition order with code 'CEO'! Uplevel your health and wellness journey at https://soursopnutrition.com Links mentioned in this episode: Our previous Income Report episodes: https://ellenyin.com/incomereport Try 30 days of Flodesk (our favorite email marketing platform for unlimited subscribers & emails at one low, flat monthly rate): https://flodesk.com/c/ELLEN50 Connect with @paige.hulse.law Business valuation teaser: https://link.chtbl.com/wVYzFuYy Connect with Worttth: https://worttth.com Mrs. Oregon America episode: https://link.chtbl.com/-mRkSgZr Selling out our business retreat teaser: https://link.chtbl.com/nwl_VGEE Iconic business leaders all have their own unique genius. Take this quick 10 question quiz to uncover your specific CEO style advantage: https://ellenyin.com/quiz If you enjoyed today's episode, please: Post a screenshot & key takeaway on your IG story and tag me @missellenyin & @cubicletoceo so we can repost you. Leave a positive review or rating at www.ratethispodcast.com/cubicletoceo Subscribe for new episodes every Monday. Join our C-Suite membership to get bonus episodes every month! Check out everything our members get at https://ellenyin.com/csuite

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income130, and IGNITE! June 2024 Income At-A-Glance Gross Income for June: $124,823 Total Expenses for June: $12,902 Total Net Profit for June: $111,921 Difference b/t June & May: -$70,204 Percentage of net profit to overall gross revenue: 90 percent Sponsors HubSpot HubSpot's all -on -one customer platform can make growing your business infinitely easier. Visit HubSpot.com to get started today Ethos Protect your family today. Get up to 2 million dollars in coverage in just 10 minutes at EthosLife.com/fire. Thanks to Ethos for sponsoring us Airbnb Your home might be worth more than you think... Find out how much at Airbnb.com/host

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income129, and IGNITE! May 2024 Income At-A-Glance Gross Income for May: $194,452 Total Expenses for May: $12,327 Total Net Profit for May: $182,125 Difference b/t May and April: +$64,207 Percentage of net profit to overall gross revenue: 94 percent Sponsors HubSpot Stop spending more time managing tools than connecting with prospects and customers. HubSpot's customer platform is a smoother, more effective way to grow. Visit HubSpot.com to learn more BetterHelp This episode is sponsored by BetterHelp. Give online therapy a try at BetterHelp.com/fire and get on your way to being your best self

#792 Your content can sometimes connect with people and drive action. Other times, it can fall flat and never stand out. Have you ever wondered why? For one, storytelling is an essential part of successful marketing. That said, we don't often discuss the other important ingredient in the secret sauce. In this episode, I share how you can leverage data to support your stories and add an extra element of believability to your message. Numbers don't lie, so join me to learn how to collect and present relevant figures to your audience. So where do you find data to support your content? We'll look at everything from uncovering relevant scientific research to the AI tools that can help you get information fast. I'll also discuss my popular income reports and why I've stopped sharing those numbers. Listen in because injecting data into your marketing is an easy strategy you can implement for big results! Show notes and more at SmartPassiveIncome.com/session792.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income128, and IGNITE! April 2024 Income At-A-Glance Gross Income for April: $132,488 Total Expenses for April: $14,570 Total Net Profit for April: $117,918 Difference b/t April & March: -$27,414 Percantage of net profit to overall gross revenue: 89 percent Sponsors HubSpot: Scale support and drive retention and revenue all in one place with HubSpot's all-new Service Hub. Visit HubSpot.com/service to learn how this all-new solution can help you deliver for your customers! Thought-Leader: Ever thought about giving a TEDx talk? Visit Thought-Leader.com/fire to join a free training and learn how to land a TEDx Talk and spread your message to millions!

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income127, and IGNITE! March 2024 Income At-A-Glance Gross Income for March: $162,345 Total Expenses for March: $17,013 Total Net Profit for March: $145,332 Difference b/t March & February: +$23,757 Percentage of net profit to overall gross revenue: 90 percent Sponsors HubSpot With HubSpot's customer platform you can spend less time switching between systems, and more time on growing your business. Visit HubSpot.com to learn how HubSpot's customer platform can help you grow your business Yahoo Finance Yahoo Finance makes it easy to get financial news, data, and insights fast. For comprehensive financial news and analysis, visit the brand behind every great investor, YahooFinance.com BuckedUp Say goodbye to waking up on the wrong side of the bed with Brain Gainz from BuckedUp. Claim your special offer today by texting FireFocus to 312345, or go to BrainGainz.com/fire

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income126, and IGNITE! February 2024 Income At-A-Glance Gross Income for February: $138,464 Total Expenses for February: $16,889 Total Net Profit for February: $121,575 Difference b/t February & January: -$13,845 Percentage of net profit to overall gross revenue: 88 percent Sponsors HubSpot With the HubSpot for Startups program, you can save 30-90 percent on a platform that scales right along with you To see if you're eligible to join the HubSpot for Startups program and take your growth to the next level, visit HubSpot.com/startups Airbnb Have you ever considered hosting on Airbnb. Your home might be worth more than you think… Find out how much at Airbnb.com/host FranBridge Many EOFire listeners have launched franchises in a variety of industries outside of food – and FranBridge Consulting has guided them to these premier opportunities! Sign up for a free consultation with Jon - or get a free copy of his book, Non-Food Franchising - at FranBridgeConsulting.com

Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income125, and IGNITE! January 2024 Income At-A-Glance Gross Income for January: $146,283 Total Expenses for January: $10,863 Total Net Profit for January: $135,420 Difference b/t January & December: +$5,844 Percentage of net profit to overall gross revenue: 93 percent Sponsor: HubSpot Starting your year off strong and accomplishing goals like increasing revenue and faster growth starts with the right selling tools. And for that, there's the all new Sales Hub from HubSpot! Head to HubSpot.com/sales to try it for free