I went from an exhausted, overweight, stressed executive struggling to climb the corporate ladder while missing my family, to a work from home mom designing my own life.
This blog is to share my story and tips so you can do the same.
I've been a Beachbody coach for almost 4 years. When I first started no one I knew of had even heard of Beachbody coaching. Most had heard of P90x or Insanity or the other great workout programs from Beachbody, but no one knew that it was a business that you could be a part of. Fast forward to last year, I was able to leave my full time 6-figure career to be a full time MOM and part time Beachbody coach. This is an amazing company and opportunity and I'm so glad that more people are learning about it.
A lot of you still may not know what coaching is or how it can possibly be a full time job. A local news station in Houston recently highlighted coaching, and I think it's a great overview of what we do.
To learn how to join my team and have access to our exclusive Fast Start training to get you on the road to earning an income with Beachbody, email me at heatherserrano@gmail.com or fill out this application here: http://tinyurl.com/jointeamheart
It's that time of year. One of the great benefits of having your own business (besides being your own boss, setting your own schedule, taking vacations whenever you want, and having more time with your family) is all of the tax benefits and write-offs of a small business. For me the biggest key has been getting organized. I personally chose to incorporate but that's something to talk to your accountant about. Whether you file as a sole proprietor or an LLC or corporation, here are some great tips:
Stay organized throughout the year. Enter expenses and income into a program like Quickbooks or I use mint.com - which links to your checking and savings account and you can set rules so all costs paid to X vendor are listed as Business Expenses for X purpose.
Scan receipts with an app like Shoeboxed or save emailed receipts into folder in your email system ie 2015 Business Expenses (or get more details and categorize)
Use a separate checking account and credit card specifically for business expenses.
If you use subvendors, send them a 1099 so they pay the taxes on what you paid them.
Talk to your accountant about what is and isn't allowed as a writeoff. Some good things to consider:
Do you have a home office? Part of your mortgage and utilities may be deductible.
Which restaurant meals are deductible?
Office & Business supplies including printing (flyers, brochures, business cards, applications)
Gifts for clients & employees
Mileage and/or car expenses including registration if you use your car for business
Trips to conferences, training event, corporate retreats (if you have your own corporation)
Online costs ie your monthly blog costs, advertising on Facebook or google, email systems like Aweber or mail chimp that you use to email customers
Do you give away samples or product?
Other costs specific to your field ie products purchased for research
**Talk to your tax professional about your specific situation.
