It’s so important to have the right people in your circle. I invest every year in coaching and educating myself on how to take my businesses to the next level. ⬆️ Learning from the best, and then I implement those strategies and systems to generate more revenue streams in my businesses… in my life! 🙌🏽 I’m always focused on how I can share what I learned with you all so you’re not having to make the big financial investment BUT you get all the BENEFITS.🔥 You have to see the value in investing in your business and investing in yourself…. Otherwise its going to be a hard solo climb to the top.😩 I’m confident that we’re all on our “7 Figure Business” journey. Who’s coming with me?🙋🏽‍♀️ Let’s GO!🚀 https://thesmartbusinessgroup.com/

If you already set up your LLC in the state of Texas, be sure you are filing your Franchise Tax Reports by May 15th every year to keep it ACTIVE. If your LLC is inactive, it will need to be reinstated. You will need to file all the past due reports, and request a tax clearance to reinstate. You will need your Webfile Number if you want to file your reports online, and you will have to pay a $50 penalty for each reporting year. So if your LLC was set up in 2023, and became inactive in 2024… You’ll have to file 2024, 2025, and 2026 Franchise Taxes to get caught up and at $50 per year that’s $150. PLUS the state of Texas will charge you $75 to reinstate your entity. It’s best to stay on top of things like that because that negatively impacts so many areas for your business, including qualifying for business loans and grants. When you’re ready to get your business in good standing, structured properly, and also have a knowledgeable, 20+ year vet Business Coach on your team 🙋🏽‍♀️😆… Click the link below and schedule your free consultation. Let’s see where you are in business and strategize your next business moves… TOGETHER.👍🏽 www.thesmartbusinessgroup.com

"Be sure you know the condition of your flocks, and look well to your herds." — Proverbs 27:23 A video from one of our weekly coaching sessions with my client Kim, a landlord who just formed her LLC. We're choosing her bank and opening the account live, TOGETHER. Here are the five questions we were weighing... 1. Is this a bank, or a fintech? 2. How does money actually move in your business? 3. Does this bank pull ChexSystems? 4. What does this account become? 5. What does it cost to keep it free? Remember, that account is what builds your bank rating — the average daily balance a lender looks at to decide what you can handle. Opening it is step one. Funding it and holding it steady is what builds it. Click the link below to get started with getting your business structed RIGHT! https://thesmartbusinessgroup.com/

Here’s the importance of having a properly structured business… Married couple. Two kids. Both of them W-2 employees doing everything we were all told to do — get the degree, get the good job, let the direct deposit hit like clockwork, let the withholding come out before you ever miss it. Their total W-2 income last year: just over $265,000. Their total federal tax liability: $39,374. Their employers had already taken $33,307 out of their paychecks across the year. Every two weeks, quietly, without asking. And they still owe the IRS $6,067!😩 Now here's the part that gets me… They have a child in college full-time. They paid over $10K in tuition. They had the Form 1098-T hoping to get the $2,500 education credit. They got nothing. Zero. Because that credit phases out for married couples between $160,000 and $180,000 of income, and they were about $85,000 past the door. So basically, they were penalized for “earning too much”. Here's the thing. I ran their exact same income — same family, same house, same paychecks — through what it would have looked like if they had a properly structured business they were actually working. Same phone bill they were already paying. Same miles they were already driving. Same laptop and printer they already bought. A dedicated corner of the home they were already sitting in. And their two teenagers on payroll for real, documented work. That stack came to $44,050 in legitimate business deductions. Their tax liability could have dropped from $39,374 to $29,135. And that $6,067 they owe? It turns into a $4,172 refund. That is a $10,239 swing on the exact same income. Same job. Same salary. Same W-2. Different structure. Now let me be honest… An LLC sitting in a drawer will not do a single thing for you. I need you to hear that, because there is a whole internet out here selling you a certificate and calling it a strategy. The IRS does not care that you formed something. It cares whether you are running a real business with a real profit motive, real records, and real receipts.