One thing I wish every small business owner would do

Never stress about how you’ll pay your taxes again.

Every year tax season rolls around and business owners scramble to figure out how to pay for them. You made money all year but now there’s nothing left for taxes so you have to use your personal savings… sound familiar?

The good news? There’s an easy way to avoid this! I love this simple system based on the book Profit First that ensures you always have money set aside for taxes.

Here’s how to start today:

1. Open a separate bank account just for taxes. Relay Bank is a great option with no minimum balances or fees.
2. Transfer a set percentage every time you get paid (or at least once a month). I usually recommend somewhere between 10-25%, but it varies based on your business and where you live.
3. Forget it exists until tax time! No stress, no scrambling.

With this system, you’ll always have the cash to cover your tax estimates throughout the year. Start now, and thank yourself later! 😉