There are a LOT of things to think about when it comes to business finances. After making it through another lovely season of tax time (sense the sarcasm), Chris and I sat down and took another good look at our practices for setting aside money for taxes, client products, and all of that (not-so) fun stuff. Though we've done this for a while now, we still owed a hefty tax check and realized all the different areas our money is going to before it's actually coming to us in the form of "take home salary".

I did a post on our blog with a run-down of all the areas you've got to make sure you're covering when it comes to your finances, and it prompted me to share a few quick thoughts about setting aside money in your business. Maybe you’re like us and already do this, or maybe you haven’t started doing this and you're new in the business, but in any case I thought the topic was worth revisiting!

You can check out the run-down on our blog and I mentioned sharing a spreadsheet we use to keep track of some of this, so shoot me an email if you're interested. The percentage of actual spending money after you've taken care of all other expenses is pretty scary!

If you check this out, I'd love too to know how YOU take care of all this stuff!

What a great post!!!! Left you some blog love!

Awesome, awesome of you to share such great info.! Thanks a million, Katie:)

This is a great reminder--your blog post was wonderful!

Thanks!

Thank you for this post! Very informative

One thing I am wondering, is what about equipment and overhead costs? Is that figured in your product cost? Or did you forget that?

This is very useful info, Katie, thanks for posting it! I'm in the "startup" years so its very helpful! Would you mind emailing me the spreadsheet you're sharing? I appreciate it!

misty@mistydawnphoto.com

Thanks!

Thanks for the post! Great for non-math people like me! Sometimes it's hard to wrap my head around this stuff... Would you mind emailing me your spreadsheet? jennifer at jmeyerphotography dot com Thanks!