Financial Wisdom Coaching, LLC

Financial Wisdom Coaching, LLC Tax Strategist & Financial Coach for Female Solopreneurs | Stop paying yourself last and dreading tax season. DM me to get started

CPA | Financial Coach

I help you build a system that pays you consistently and keeps the IRS from surprising you.

There's one payment that can lower your tax bill this year and build your future at the same time.If you're self-employe...
09/16/2026

There's one payment that can lower your tax bill this year and build your future at the same time.

If you're self-employed, there's a good chance you haven't made it yet.

Most women I work with have never had an employer who didn't offer a retirement plan. Until they became the boss.

It's not that you don't care about retirement. It's that your business has been asking for every dollar, every month.

Here's the reframe: you're the employer now. Offering yourself a retirement plan is part of running a real business, not a reward for "someday."

A SEP-IRA or Solo 401(k) can also lower your income tax for the year you contribute.

How much you can contribute depends on your business profit, not your revenue. With a SEP-IRA, your contribution is based on a percentage of your net profit. With a Solo 401(k), you contribute as both the employee and the employer, which may let you save more.

That's why tracking your profit clearly matters. Without that number, you're guessing what you can put away.

DM me FUTURE if you want clarity on these benefits.

09/07/2026

I met a business owner recently who has been filing as an S corp for a few years.

She didn’t choose it. Her tax preparer suggested it, she trusted him, and she signed.

Since then it’s been payroll runs she dreads, quarterly filings she doesn’t understand, and notices from the state about withholding that arrive and sit on her counter for a week before she can make herself open them.

And here’s the part that got me. Her business isn’t profitable enough for an S corp to save her anything meaningful in the first place. She’s paying for the structure. She’s just not getting the benefit.

An S corp is a good tool. It is not a good tool at every stage.

Before anyone restructures, this is what I’d want them to look at:

1. Your net profit, not your revenue. What’s left after expenses, averaged over two or three years. One strong year isn’t a reason to restructure.

2. What your job actually pays. You don’t get to pick your salary. The IRS expects it to reflect what someone would be paid to do your work and the higher that number, the less profit is left to save tax on.

3. The real annual cost. Payroll service, a separate business return, a better accountant. Get quotes before you decide, not after.

4. Your state. Some states add their own fees or taxes on S corps that reduce what you keep.

5. Your tolerance for deadlines. Quarterly 941s, federal & state tax withholdings, W-2s in January. Every one has a penalty attached.

She’s not bad with money. She was given an answer before anyone asked her the right questions.

Save this before your next conversation about restructuring. Follow along if you’d rather understand your money than guess at it.

08/24/2026

If you’ve ever transferred money to yourself and then wondered if you took too much or not enough, you’re not alone. Most solopreneurs never got a formula. They got a feeling.

Here’s the fix.

Take your last 3 months of revenue (not profit — total money that came in).

Add them together. Divide by 3. That’s your planning average.

Multiply that number by a percentage 25–35% is a common starting point.

That result is your owner draw. Split it in half for a biweekly schedule.

Example:
$7,000 + $10,000 + $8,000 = $25,000
$25,000 ÷ 3 = $8,333 planning average
$8,333 × 30% = $2,500 draw
$2,500 ÷ 2 = $1,250 every two weeks


Going forward, you don’t use the average again, you apply your percentage to that month’s actual revenue. The percentage stays the same. The draw moves with your business.

No spreadsheet degree required. No more guessing. Just a rule that decides for you, every time.

Comment COURSE and I’ll send you my free training, 3 steps to pay yourself a real amount this month.

08/21/2026

Here’s a question worth sitting with. If nothing changes in the next 12 months, how much closer are you to retirement than you are today?

For most solopreneurs, the honest answer is “not much closer.” Not because they don’t care, but because retirement gets treated like a decision for after things stabilize.

Inconsistent income isn’t actually the obstacle. The real issue is there’s no system separating what the business needs to run, what you need to live on, and what gets set aside to grow.

Here’s what matters most, whether you’re starting at 30 or 50. A $200 monthly contribution starting today outgrows a $500 monthly contribution started five years from now, simply because of time in the market. Starting small now beats waiting for a bigger number later, every time.

There’s another piece most solopreneurs miss. Contributions to accounts like a SEP IRA can be tax deductible when set up correctly, meaning you could be lowering this year’s tax bill while building next decade’s security.

The one decision that changes this isn’t “earn more.” It’s making that contribution a fixed piece of your system, the same way your owner draw and tax reserve already are.

The businesses that build real wealth aren’t the ones with the smoothest income. They’re the ones that stopped waiting for smooth income before they started.

DM me “READY” and let’s map out your next step on a Clarity Call.

Most solopreneurs track one number: what's in the bank. But your bank balance doesn't tell you if the business is actual...
08/19/2026

Most solopreneurs track one number: what's in the bank. But your bank balance doesn't tell you if the business is actually working.

Two numbers do. Gross profit margin tells you if your offer itself is profitable. Net profit margin tells you if the whole business is profitable, after every cost.

Without tracking both, you're running the business blind. You can grow revenue every year and still keep the same percentage or less and never know why.

Save this so you can check your numbers monthly. Follow for more on running your finances like the CEO you are.

08/17/2026

Most solopreneurs assume paying themselves works the same way it did when they had a job. It doesn’t.

If you’re a sole proprietor or a single member LLC, you are not an employee of your own business, which means the IRS does not allow you to run payroll for yourself. No W2, no salary, no paycheck in the traditional sense.

What you take instead is called an owner draw. It’s simply a transfer of money the business has already earned into your personal account.

Here’s the part that surprises most people. Taxes are calculated on your net profit, meaning your income minus your expenses, not on your draw. Taking a draw is not a business expense and it is not personal income, so it has no effect on your taxes either way. It’s just moving money from your business account to your personal account.

Once you understand this, paying yourself stops feeling like a risky decision and starts feeling like what it actually is. A normal part of running your business.

Comment “COURSE” and I’ll send you my free training, 3 steps to pay yourself a real amount this month.

Not every business is required to keep the same financial statements, and knowing the difference matters more than most ...
08/12/2026

Not every business is required to keep the same financial statements, and knowing the difference matters more than most solopreneurs realize.

If you're a sole proprietor or single member LLC, your P&L is what drives your taxes. If you're an S Corp or C Corp, you're legally required to maintain both a P&L and a balance sheet.

Even if a balance sheet isn't required for your entity, it can still show you something your P&L never will, what your business is actually worth.

Save this so you know exactly what your entity requires. Follow for more.

08/10/2026

If you have no employer, who exactly is paying the employer portion of your Social Security and Medicare tax?

The answer is you. Both sides of it.

Self-employment tax is 15.3% total, made up of two 7.65% portions. One is the employer share, and one is the employee share. As a self-employed business owner, you are technically both, so you are responsible for the full amount, not just half.

Here’s the part that often gets missed. That employer portion, the 7.65%, is deductible. You get to claim 50% of your self-employment tax as an adjustment on your 1040, which lowers your taxable income.

Your net earnings also get reported to the Social Security Administration every year when you file, and that number is part of what determines your future Social Security benefit.

Once you see where the number actually comes from and why you’re paying it, it stops feeling random and starts feeling like something you can plan for.

Save this so you have it the next time tax season creeps up on you.

08/07/2026

10 things you think are normal but are actually signs your business has no financial structure:

(And most solopreneurs have no idea they’re living this way.)

1. You pay personal bills straight from the business account “just this once” every month.

2. You have no set amount you pay yourself, you just transfer money when you remember to.

3. You’ve never calculated what percentage of your revenue is actually yours to keep.

4. Tax season shows up and you’re surprised by the bill every single year.

5. You don’t know your average monthly revenue, only your best month and your worst.

6. You don’t know which expenses are quietly draining your profit every month, you just know the money goes faster than it should.

7. You have no separate “buffer” - one slow month feels like a full-blown crisis.

8. You’ve never set aside a specific amount for tax.

9. You don’t have a retirement account, because “there’s never enough left over.”

10. You feel proud of your revenue, but a little embarrassed if someone asked to see your profits.

What else would you add to this list?

These are signs you’re running a business without a financial system, not signs you’re bad with money.

If you’re ready to stop guessing what to pay yourself every month and build a financial system this free course is your starting point. Inside, you’ll learn how to calculate a real owner’s draw based on your actual revenue, choose a pay method that works with inconsistent income, and pay yourself on a schedule with confidence, not anxiety.

Comment “COURSE” below and I’ll send you the free course guide directly.

Paying yourself with inconsistent income is not about hoping this month is a good one. It is about having a system that ...
08/06/2026

Paying yourself with inconsistent income is not about hoping this month is a good one. It is about having a system that runs whether the month is slow or strong.

Save this for the next time you are deciding what to pay yourself.

Comment "COURSE" and I'll send you my free mini course that walks through the exact steps.

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