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Denai Wolfe
United States
Приєднався 8 чер 2020
Hello and welcome to my channel! My name is Denai Wolfe and I am a Financial Clarity Coach and Profit Strategist.
I'm all about helping you increase your profits and decrease stress. I do this by teaching you Financial Literacy. On this channel you can expect to learn all thing Entrepreneurial Accouting - such as how to read a Profit and Loss Statement, how to many your Cash Flow, and how to pay LESS in taxes!
Sound intriguing? Then hit that SUBSCRIBE button and I'll see you in the comments!
*FREE PROFIT PLAN* Ready to scale your profits to new levels? Well, I've got the plan to help you do it: thechiccfo.com/profitplan
-ABOUT-
Denai Wolfe is a Financial Clarity Coach, Profit Strategist & Virtual CFO who specializes in breaking down complex small business accounting information into super clear financial tips that every entrepreneur can implement in their business to see results fast!
I'm all about helping you increase your profits and decrease stress. I do this by teaching you Financial Literacy. On this channel you can expect to learn all thing Entrepreneurial Accouting - such as how to read a Profit and Loss Statement, how to many your Cash Flow, and how to pay LESS in taxes!
Sound intriguing? Then hit that SUBSCRIBE button and I'll see you in the comments!
*FREE PROFIT PLAN* Ready to scale your profits to new levels? Well, I've got the plan to help you do it: thechiccfo.com/profitplan
-ABOUT-
Denai Wolfe is a Financial Clarity Coach, Profit Strategist & Virtual CFO who specializes in breaking down complex small business accounting information into super clear financial tips that every entrepreneur can implement in their business to see results fast!
How Highly Profitable Companies Choose what to Sell
Welcome back to The Profit Factor Podcast! In today's captivating episode, we're diving deep into the intriguing realm of strategic pricing for success. Join me, Denai Wolfe, as we unravel the secrets behind 'The Five Unique Ways a Highly Profitable Company Chooses What to Sell.'
Get ready to uncover the art of maximizing profits while maintaining quality. We'll explore how to leverage your strengths, listen to your customers, and stay on the pulse of market trends to shape your pricing strategy.
But it doesn't stop there - we're spicing things up with a dash of calculated risks and the magic of data analytics. This episode isn't just about numbers; it's about building a robust foundation for your financial future.
Share this enlightening episode with your fellow entrepreneurs to empower our community. Remember, knowledge is the currency of success, and together, we're unstoppable!
Tune in every week for fresh insights and empowering discussions. Hit that subscribe button and ring the notification bell to stay ahead in your financial journey. Let's conquer the world of profits, one episode at a time!
If you enjoyed this video I would truly appreciate it if you subscribed to my channel: ua-cam.com/channels/6sRMYq5djyQu6vb41M-FVA.htmlfeatured?sub_confirmation=1
Have questions? Come on over to my FREE Facebook group:
groups/theprofitfactor
And I'd love to connect! Come follow me:
thechiccfo.com
thechiccfo
groups/theprofitfactor
**DISCLAIMER: This video is meant for educational purposes only. This is not to be relied on or considered financial or legal advice.
Get ready to uncover the art of maximizing profits while maintaining quality. We'll explore how to leverage your strengths, listen to your customers, and stay on the pulse of market trends to shape your pricing strategy.
But it doesn't stop there - we're spicing things up with a dash of calculated risks and the magic of data analytics. This episode isn't just about numbers; it's about building a robust foundation for your financial future.
Share this enlightening episode with your fellow entrepreneurs to empower our community. Remember, knowledge is the currency of success, and together, we're unstoppable!
Tune in every week for fresh insights and empowering discussions. Hit that subscribe button and ring the notification bell to stay ahead in your financial journey. Let's conquer the world of profits, one episode at a time!
If you enjoyed this video I would truly appreciate it if you subscribed to my channel: ua-cam.com/channels/6sRMYq5djyQu6vb41M-FVA.htmlfeatured?sub_confirmation=1
Have questions? Come on over to my FREE Facebook group:
groups/theprofitfactor
And I'd love to connect! Come follow me:
thechiccfo.com
thechiccfo
groups/theprofitfactor
**DISCLAIMER: This video is meant for educational purposes only. This is not to be relied on or considered financial or legal advice.
Переглядів: 27
Відео
How to Pay Yourself the RIGHT Way
Переглядів 3411 місяців тому
How Successful Coaches & Service Providers Pay Themselves the RIGHT way… I see Coaches & Service Based business owners struggle with paying themselves properly all the time. And if you’re not taking home a decent salary, something needs to change within your business. There’s no way you can keep growing if you’re not paying yourself what you’re worth. It’s just not sustainable. And lucky for yo...
How to THRIVE in a constricting market
Переглядів 9Рік тому
🌟Unlock the secrets to thriving in a constricting market! 🌟 Running a business during tough times can be like squeezing into skinny jeans after tacos and margaritas - uncomfortable and limiting. But fear not! With strategic thinking, you can navigate this tight space like a pro. In this video I dive into sizzling tips to boost your cash flow and keep your business on fire: 1. Get lean and mean!...
How Successful Service Providers, Coaches and Consultants Price Their Themselves Correctly
Переглядів 16Рік тому
Welcome back to The Profit Factor Podcast! In this exciting episode, we're delving into the topic of "How Successful Service Providers, Coaches, and Consultants Price Themselves Correctly." Join me, Denai Wolfe, as we uncover essential pricing strategies and avoid common financial pitfalls. Discover the break-even point and practical ways to boost profitability for your business. We'll explore ...
The Top 10 Mistakes to Avoid in Business
Переглядів 22Рік тому
The Top 10 Mistakes to Avoid in Business
3 Reasons Why your not Hitting your Profit Goals
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Investing in your Business - How Taking Financial Risks Can Grow Your Business
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How A Financial Pro Can Help You Increase Your Sales
How to Use Depreciation to Save Thousands on Taxes
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How to Use Depreciation to Save Thousands on Taxes
The Best Tax Loophole for LLC & S-Corp Owners and Home Owners
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The Best Tax Loophole for LLC & S-Corp Owners and Home Owners
How much should I save for taxes - 1099 Taxes - Self Employed
Переглядів 3,9 тис.2 роки тому
How much should I save for taxes - 1099 Taxes - Self Employed
If it doesn't make money, it doesn't make sense
Переглядів 724 роки тому
If it doesn't make money, it doesn't make sense
MAJOR PPP updates June 17th!! And an EZ Forgiveness Application!
Переглядів 4564 роки тому
MAJOR PPP updates June 17th!! And an EZ Forgiveness Application!
Great video, thanks!
So i'm a 1099, and I am in the 8% state tax, and 22% income tax bracket which is exactly 30. However, what about the self-employment tax which is arond 15%? Does that make it 45%?
Great question! You will have to pay SE taxes but it will not be 15% and a large portion of what you pay is deductible :)
@@DenaiWolfe thank you :). Makes sense. I’ve been saving 30% so hope it’s okay on my 67,000 k a year
Thank you for this detailed explanation. Keep up the good work.
I'm so glad you enjoyed it!
Hi, I have a question my wife is planning to go into a 1099 position that we are assuming will be 75,000 and I am 32,000 year and we plan to do our taxes jointly. We also have a son that tax bracket that is needed to be used to figure out how much is owed to the government do we need to use the tax bracket of our combined income or just hers because I have an employer who takes out my taxes?
Hi, thanks so much for watching my video, I am happy you enjoyed it. To answer your question, you will want to use your combined income to find your tax bracket to estimate your total tax that will be owed. Keep in mind you can use the standard deduction for married filing jointly, which is $27,700 for 2023, to offset your combined income first. Then use that number to find your tax bracket/percentage. After using your tax bracket percentage to estimate your total tax that will be owed you can then offset that number by the total federal taxes that are being withheld from your paycheck plus another $2,000 for the child tax credit if your son is 16 years or younger.
Thank you for the information it is helped us sit down and kind of plan what we need to do with this job I do wanna ask does that cover your Medicare and Medicaid deductions that usually come out of your paycheck or did that just cover federal and state income tax?
hello! i have a couple questions. 1) i work multiple gigs, for payments on each of those gigs, should they all be separated when saved? or can i put the 30% in one bank account together? 2) do i have to have an llc to take off certain deductions? one "business" i have is myself, i an a dance teacher/choreographer and heard that you have to have an llc to for deductions or at least certain ones. another example i work as a gogo dancer, and wanted to say paying like things for costumes, makeup, etc., but heard it wouldnt work since the 1099 for this is coming from a business 3)how do you claim money that is paid through zelle or sent straight to my bank account? i know you have to claim money you earn in checks, not sure how online banking would work 4) for the 30% saving, do you take a certain amount from each paycheck/payment? or do you add up all income in one month and then take 30% from that? thank you so much!!!
Im so glad you enjoyed the video! Here are your answers:) 1. You can put it all together! 2. As long as you are 1099 and NOT an employee you can deduct your business expenses. 3. You have to claim EVERY SINGLE PENNY that you collect. Then you minus every single penny of qualified business expenses and then you are left with your taxable income. Example - $5,000 is paid to you, you spend $1,000 on business expenses, your taxable income is $4,000. 4. You take your total income - minus business expenses = PROFIT and then you set aside taxes for your profit. I also have a brand new updated tax calculator and money tracker that will really help you with this! Let me know if you are interested:)
catching on the replay! :)
Yay! I hope u enjoy it :)
#replay Thank you for sharing
I’m so glad you enjoyed it!
Great info! Thanks, Denai!!
You are so welcome Robin!!
What’s the target then? I work in construction and ours is 2%. Yes. Two percent
I can tell you that we have construction clients who are getting 15-20%. 2 seems extremely extremely low BUT everything is relative. If 2% of your revenue yields you your dream life then who cares!
Hello I have a question do you still reply ?
Yes:)
30% each month !! ?? 😮😢
Hey there! To get your accurate percentage check out the income tax brackets on the irs website and you states division of revenue website. Or you can ask your tax preparer:)
You just earned a new subscriber! 😊
I’m so happy you enjoyed the video:)
this video is gold for any new business owners! Thankyou for the kind advice. 1000 percent all true.
Thank you so much!! I am so happy that you enjoyed the video!
Amazing advice thank you for this! I’m a 1099 contractor , and I was wondering how important is having CPA if you understand how it works? Do you feel every should have a CPA regardless of income revenue?
Hey there! Great question:) I do not believe that everyone needs a CPA. However, I do believe that if you are self employed you should NOT do your own taxes so I would find a tax preparer and strategist that you really connect with.
THE BEST. OF. BEST THANK YOU. SO. MUCH ALL THE BEST GOD. BLESS
Thank you so much for your kind words! You have no idea how much I needed to hear them today :)
ρɾσɱσʂɱ 👇
#replay
Unfortunately it is too basic.
This video lesson is good for the business owners, who do not possess any accounting knowledge. It is not a professional analyzation from the CFO’s point of view
Thanks Lady for the video. You made finance so meaningful and easier to understand. I'm Ricky Lee from Singapore
For the algo
Thank you!!!
Awesome video
Thank you so much!! If you know anyone else who would appreciate it please share :)
Legit & quality content my lady.
Thank you so much for your kind words! Let me know if you ever have any more questions :)
THE. BEST OF BEST THANK YOU. VERY. MUCH
I’m so glad you enjoyed it! Please share it with anyone else you think might benefit from it :)
Good explanation
I’m so glad you enjoyed it!
քʀօʍօֆʍ
Thank you. 👍🏿
I'm so glad you enjoyed it!
Can we do take-out meals? Like lunch meetings with a remote team would that work? Ordering everyone lunch from different places? Also what exactly does 100% deduction mean? If I bought everyone $40 worth of lunch for a team of 4 I'm not getting $160 off of my taxes. Is it just the tax on each? I do have team members in both the US and Canada -not sure if that makes a difference.
So agree that we need to get away from paper receipts! I scan all receipts into my Evernote app into a tax receipt notebook for each year. Thanks for sharing all of your systems tips for deducting meals!
I'm so glad you enjoyed this video! And Evernote is a great idea I will look into that app!
Sharing this right now!
Thank you!!
This video is amazing! Thank you!! I'm just trying to understand blance sheets and this really helped thank you :)
Glad it was helpful!
Thank you so much for sharing this! I appreciate you!!
I’m so glad you found it helpful!
#reply-sooooooo currently relevant to me, thank you. ;)
I’m so glad you enjoyed it!!!
Thank you for this #replay! Virginia
I’m so glad you enjoyed it!
Quick and to the point. --Replay
So glad you enjoyed it!
Great information...Thanks!
I am so happy you enjoyed thissss!
Great information...Thanks!
I’m so happy it was helpful!
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#replay
Thanks for watching!
#Replay
Thanks for watching!
#Replay
Thanks for watching!
#replay
Thanks for watching!
#Reply
Thanks for watching!
awesome video.. i will direct the people who ask me how to watch your video!!
Thank you so much!!!
I'm still trying to find the best way that works for me to generate sales. That is mostly what I spend my time on these days - marketing and advertising. My VA has execellent sales training. My sales script is great. We just need our phones to ring. -- Great video. Thank you.
I'm so glad you enjoyed it!
Yes! I just found you via the Maid Summit video. What you say makes so much sense. Wish I had found you sooner.
You will have to check out the most recent Maid Summit video I did last month!!
Greta talk md good to see you again.
Thank you!!
Great advice!
Glad you think so!
This is fantastic!!!!!!
I am so glad you enjoyed it!!
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