Profit First Strategies + Tax Planning Basics For Online Businesses

A lot of times, we're so focused on the revenue that we forget about the bottom line and before you know it, it's like you bring in all this revenue, but so much of the expenses are going right out the door because you didn't have a proper plan in place” - Dr. Ranelli A. Williams
Welcome to the Marketing To Millions Podcast, I’m your host, Liz Boer! Today I’m speaking with Dr. Ranelli A. Williams, a CPA, all about setting your business up for success aka for profit, money mistakes that business owners make, and tips for maximizing tax savings.
Dr. Ranelli A. Williams, CPA is passionate about service and helping individuals create breakthroughs in their lives and business. She is a Certified Public Accountant (CPA), Certified Profit First Professional, best-selling author, and award-nominated speaker, empowering career professionals and professional service providers to take control of their money as they work towards building a strong financial legacy.
In addition, Dr. Ranelli is Co-Founder with her husband, Eric Williams of ERJ Services, LLC, where they provide profit-focused and strategic consulting services so that professional service providers are equipped to make sense of their numbers and empowered to build strong financial legacies that lead to generational wealth.

In this episode we cover
[00:01 - 07:51] Introducing Dr. Ranelli Williams

[07:52 - 19:22] First Steps When Starting a Business

[19:23 - 27:41] Strategies for Maximizing Tax Savings

[27:41 - 36:05] Setting Up Your Business Using The Profit First Method

[36:06 - 38:58] Closing Segment

Key Quotes

“Absolutely make sure that you're keeping personal finances separated from business finances.” - Dr. Ranelli A. Williams

“A lot of people forget that a huge benefit of being the owner of your business is that you can structure it in a way to support your family to support your lifestyle.” - Liz Boer

“Profit first is a cash management system that helps the business owner prioritize profits in their business.” - Dr. Ranelli A. Williams

Resources Mentioned

• Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz

Connect with Dr. Ranelli
Visit her website www.erjservices.com or send her an email [email protected]
FB group Profitable Entrepreneurs Network: https://www.facebook.com/groups/moreprofits
IG: https://www.instagram.com/drranelliwilliams/
Let’s get connected!

You can find me on Instagram and Facebook. Visit my website https://lizboer.com
Join the Marketing to Millions FB Group
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