In this episode, Aundrea Wilson and Sherry Newcomb discuss the importance of financial planning as the new year approaches. They emphasize the need for setting SMART goals, understanding financial statements, and navigating tax planning. The conversation also covers common tax concerns, employee compensation, retirement planning for business owners, and finding tax breaks and credits. The hosts aim to demystify financial concepts and provide support to their community.

Takeaways

November is a great time to start planning for the next year.
Setting SMART goals helps in achieving financial objectives.
Understanding financial statements is crucial for business owners.
Tax planning should be done before the end of the year.
Many people have misconceptions about taxes and net income.
Employee compensation is important for business success.
Business owners should prioritize retirement planning.
Finding tax breaks requires research and understanding.
It's essential to have a trusted accountant for financial advice.
Life and business finances can be messy, but support is available.

Warning: Two slightly quirky, self-help book-addicted, coffee-fueled gals ahead! Meet Sherry, the accountant who's more rockstar than spreadsheet, and Aundrea (aka Drea), the introverted life coach who's secretly a wisdom-dispensing wizard. In this inaugural episode, we attempt to explain who we are and what we're doing here (spoiler alert: we're still figuring it out). Join us for a hilarious, heartfelt, and slightly meandering conversation about our mission to make sense of it all. Think of it as eavesdropping on your two wisecracking friends who just happen to be an accountant and a life coach. Buckle up, folks!