As a young and vivacious business owner, a personal emergency that might take you out of your role for four weeks to six months or more is probably the last thing on your mind. But as a fellow business owner, CPA and financial coach, I’m here to remind you that the unexpected does happen. And yes, it could happen to you! Think about the impact it would have on your business if you went MIA for just a week with limited access to email, without warning. What would happen? How long would it take to dig yourself out? Stay ahead of an emergency or extended leave by having game plan. Learn more in this latest article!
About Christine Mortensen
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Entries by Christine Mortensen
There are various reasons why it would make sense to work with a financial coach or financial advisor at different points in your life. Ideally, you would find those professionals at the right time, and the work you do with each of them would complement the other. But often, that’s not what happens. Read on to find out which might be the best fit for where you are at in your life right now.
If you have made tiny humans, you may have received some extra stimulus money from the government over the last year. And you may have heard that the American Rescue Plan Act (ARPA) includes even more support for families with children in the form of advance payouts on the 2021 Child Tax Credit (CTC). But there’s a big catch—before you book that trip to Disney, make sure you’re not going to have to pay it back. Read on for a breakdown of what we know right now and what the credit may mean for you.
As a small business owner, you are in the unique position of having to be an expert in running the daily operations of your business. Having a CPA who understands the stress you are already under, and can handle your accounting and tax services, can lift some of that burden from your shoulders. Read five reasons why you should have a CPA in your corner as a small business owner.
Life (and owning a business) can get expensive really quick! Knowing which personal and business expenses are tax-deductible can potentially save you thousands of dollars on taxes each year. Read on to learn about eight tax-deductible purchases most folks forget about when preparing their taxes.
April is Stress Awareness Month and after the most stressful year in decades, so many are still feeling the emotional, physical and financial weight of this pandemic. If you are experiencing constant stress, anxiety and worry about your financial situation, please know, you are not alone. The financial burden of the COVID-19 pandemic has impacted countless American families, and we are sensitive to that. If you’re looking for small ways to help reduce your financial stress during this time, read further to get some ideas that might work for your life.
Believe it or not, your accountant should care just as much about your values, goals and any major life changes as they do about your income and taxes. At Monarch CPA, we want to make sure we’re helping you make the most informed decisions for your life.
The year 2020 was a rollercoaster and tax season is proving to be similar in nature. Learn more about the changes to 2020 tax laws and the most recent March updates.
Reflecting on your relationship with money and embracing your own personal journey and values are the first steps to achieving financial freedom.
To achieve financial freedom first embrace your money story and change how you view your financial future. At Monarch CPA we offer financial coaching to help you identify your goals and learn sound financial management. Serving Northern Virginia, Maryland and DC.