Wealth Witches

In this episode, Katelyn breaks down how business owners can start building a retirement plan without feeling like they need to have everything figured out first. She explains why starting small and automating contributions can be more valuable than waiting until you can contribute a large amount, especially because of the impact of compounding over time. She also walks through several retirement account options for self-employed business owners, including Traditional and Roth IRAs, SEP IRAs, Solo 401(k)s, SIMPLE IRAs and traditional 401(k) plans. Katelyn explains how your business structure, income, team size and tax strategy can influence which option makes the most sense.Finally, she shares a simple annual retirement check-in system to help you review your contributions, account type, beneficiaries and whether your current retirement strategy still fits your business and your future goals.Key TakeawaysSelf-employed business owners have to intentionally create the retirement systems that traditional employees often receive automatically.Starting small now can be more powerful than waiting years until you feel ready to contribute a larger amount.Automating a manageable monthly contribution can help make retirement investing a consistent habit.The right retirement account depends on factors such as income, payroll structure, employees, contribution goals and tax strategy.Retirement planning should be reviewed at least annually as your income, team and business structure change.🔮 Wealth Witches™ Monthly Membership Program 🔮Are you ready to take your financial journey to the next level? Join the Wealth Witches™ membership for exclusive access to live training sessions on money, taxes, retirement, and business support. You'll also gain entry to our inclusive community where you can connect with like-minded individuals and get even more out of your financial journey. We're a community of passionate, purpose-driven entrepreneurs who see creating wealth holistically rather than stuck in another crypto-bro investing black hole membership. Join today: http://www.thefreelancecfo.biz/wealth-witches-podcast-memberThanks for Listening:Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share! Follow us on Instagram @WealthWitchesPodcast or drop us a message with your questions and episode requests. Looking for more finance tips, visit our main Instagram @thefreelancecfo.Subscribe to The Podcast:If you would like to get automatic updates of new podcast episodes, don't forget to subscribe. You can also give us a follow on your favorite podcast app.Leave Us a Review:Leave a 5-star review and include your IG handle to enter to win a free month of Wealth Witches Membership! We draw the winner at the beginning of each quarter.Stay magical and empowered, and remember, wealth isn't just about dollars in the bank – it's about creating abundance in all aspects of your life.DISCLAIMER: This Podcast may receive compensation for promoting or recommending products or services through affiliate links. We only recommend products and services that we believe are of value to our listeners. The content provided in this podcast is for informational purposes only and does not constitute professional financial, accounting, or legal advice. Listeners are advised to consult with qualified professionals before making any financial decisions. The Freelance CFO is not responsible for any actions taken based on the information provided.Music credit: Neon Fairies by Wolves

Check out the Get Your Finance Shit Together Course: https://thefreelancecfo.biz/gyfstssIn this episode, Katelyn shares a simple approach to building a business budget without getting stuck in rigid spreadsheets or tracking every dollar.She breaks down what your business income actually needs to cover, including owner pay, taxes, retirement, savings, contractors and operating expenses, along with sample percentage breakdowns for service-based businesses, product-based businesses and agencies.Finally, Katelyn explains why budgeting should reflect your actual business model and priorities, how quarterly expense reviews can keep spending intentional and how automating transfers can make managing your money much easier.Key TakeawaysYour business budget should work with your brain and the way you naturally manage money.Business income needs to cover more than expenses and owner pay, including taxes, savings and retirement.Budget percentages are guidelines and should be adjusted to fit your individual business model.Reviewing software, contractors, memberships and other noncritical expenses quarterly can help keep spending intentional.Automating transfers between accounts can make budgeting easier to maintain.🔮 Wealth Witches™ Monthly Membership Program 🔮Are you ready to take your financial journey to the next level? Join the Wealth Witches™ membership for exclusive access to live training sessions on money, taxes, retirement, and business support. You'll also gain entry to our inclusive community where you can connect with like-minded individuals and get even more out of your financial journey. We're a community of passionate, purpose-driven entrepreneurs who see creating wealth holistically rather than stuck in another crypto-bro investing black hole membership. Join today: http://www.thefreelancecfo.biz/wealth-witches-podcast-memberThanks for Listening:Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share! Follow us on Instagram @WealthWitchesPodcast or drop us a message with your questions and episode requests. Looking for more finance tips, visit our main Instagram @thefreelancecfo.Subscribe to The Podcast:If you would like to get automatic updates of new podcast episodes, don't forget to subscribe. You can also give us a follow on your favorite podcast app.Leave Us a Review:Leave a 5-star review and include your IG handle to enter to win a free month of Wealth Witches Membership! We draw the winner at the beginning of each quarter.Stay magical and empowered, and remember, wealth isn't just about dollars in the bank – it's about creating abundance in all aspects of your life.DISCLAIMER: This Podcast may receive compensation for promoting or recommending products or services through affiliate links. We only recommend products and services that we believe are of value to our listeners. The content provided in this podcast is for informational purposes only and does not constitute professional financial, accounting, or legal advice. Listeners are advised to consult with qualified professionals before making any financial decisions. The Freelance CFO is not responsible for any actions taken based on the information provided.Music credit: Neon Fairies by Wolves

In this episode, Katelyn explains what an S corp election actually changes, how it works alongside an existing LLC or corporation and why the potential savings come from self-employment taxes rather than income taxes.She breaks down the financial thresholds where an S election may begin to make sense, why business owners need to look at profit instead of revenue and how administrative expenses such as payroll services and additional tax filings affect the decision.Finally, Katelyn outlines the process of starting payroll as an S corp owner, including applying for the election, setting a pay schedule, registering for state payroll accounts and using Gusto to manage payroll taxes and direct deposits.Key TakeawaysAn S corp election is a tax election, not a separate business entity.Your LLC or corporation remains the same legal entity after making the election.An S corp owner receives both a reasonable salary and distributions from the remaining business profit.Business owners should evaluate profit rather than revenue when deciding whether an S election makes financial sense.Paying yourself an artificially low salary can lead to IRS scrutiny, back payroll taxes, penalties and additional filings.Business owners should work with a qualified professional when preparing Form 2553, particularly when multiple owners or spouses are involved.🔮 Wealth Witches™ Monthly Membership Program 🔮Are you ready to take your financial journey to the next level? Join the Wealth Witches™ membership for exclusive access to live training sessions on money, taxes, retirement, and business support. You'll also gain entry to our inclusive community where you can connect with like-minded individuals and get even more out of your financial journey. We're a community of passionate, purpose-driven entrepreneurs who see creating wealth holistically rather than stuck in another crypto-bro investing black hole membership. Join today: http://www.thefreelancecfo.biz/wealth-witches-podcast-memberThanks for Listening:Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share! Follow us on Instagram @WealthWitchesPodcast or drop us a message with your questions and episode requests. Looking for more finance tips, visit our main Instagram @thefreelancecfo.Subscribe to The Podcast:If you would like to get automatic updates of new podcast episodes, don't forget to subscribe. You can also give us a follow on your favorite podcast app.Leave Us a Review:Leave a 5-star review and include your IG handle to enter to win a free month of Wealth Witches Membership! We draw the winner at the beginning of each quarter.Stay magical and empowered, and remember, wealth isn't just about dollars in the bank – it's about creating abundance in all aspects of your life.DISCLAIMER: This Podcast may receive compensation for promoting or recommending products or services through affiliate links. We only recommend products and services that we believe are of value to our listeners. The content provided in this podcast is for informational purposes only and does not constitute professional financial, accounting, or legal advice. Listeners are advised to consult with qualified professionals before making any financial decisions. The Freelance CFO is not responsible for any actions taken based on the information provided.Music credit: Neon Fairies by Wolves

In this thought-provoking conversation, Katelyn sits down with brand architect Taylor Tudisco to explore the difference between a brand that gets attention and a brand that lingers. Together, they unpack the hidden layers behind branding, symbolism, client experience and business growth, challenging many of the assumptions entrepreneurs have about what branding is really supposed to do.From startup culture and luxury service businesses to Greek mythology, visual symbolism and client experience design, this episode explores how the most impactful brands are built as living ecosystems rather than isolated visual assets.If you've ever wondered why some brands seem impossible to forget while others disappear into the noise, this conversation is for you!Key TakeawaysA memorable brand is built through intentional experiences, not just visual assets.Every business decision contributes to the overall perception of your brand.Strong branding requires alignment between values, operations, client experience, and visuals.Consistency comes from shared standards and guiding principles, not rigid uniformity.Symbolism and emotional resonance often influence buying decisions more than people realize.Guest Bio: Taylor Tudisco is a brand architect, literature enthusiast, and student of symbolism whose work explores the intersection of strategic infrastructure, aesthetic meaning, and business growth. With a career spanning industries from aerospace to emerging technology, Taylor began building websites in the space sector before leading brand development initiatives within the NFT technology space and pursuing extensive study in iconography, visual language, and historical symbolism.Driven by a fascination with what makes certain brands endure rather than simply be consumed, Taylor's work centers on three core questions: What allows a brand to linger in the minds of its audience? How do foundational strategy and aesthetic meaning combine to create precise brand experiences? And how can brand assets be intentionally designed to support long-term business growth?This approach to brand development has helped clients franchise businesses, create opportunities for successful exits, secure features in global publications, and command pricing that surpasses industry norms. Taylor views brands not as static identities, but as living ecosystems designed to create meaningful presence, lasting resonance, and measurable business outcomes.Connect with Taylor Tudisco:Website: https://tmtudisco.comInstagram: https://www.instagram.com/tmtudisco/Substack Profile: https://substack.com/@taylortudiscoSubstack Publication: https://novelabstractions.substack.com 🔮 Wealth Witches™ Monthly Membership🔮Are you ready to take your financial journey to the next level? Join the Wealth Witches® membership for exclusive access to live training sessions on money, taxes, retirement, and business support. You'll also gain entry to our inclusive community where you can connect with like-minded individuals and get even more out of your financial journey. We're a community of passionate, purpose-driven entrepreneurs who see creating wealth holistically rather than stuck in another crypto-bro investing black hole membership. Join today: www.thefreelancecfo.biz/wealth-witches-podcast-memberThanks for Listening:Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share! Follow us on Instagram @WealthWitchesPodcast or drop us a message with your questions and episode requests. Looking for more finance tips, visit our main Instagram @thefreelancecfo.Subscribe to The Podcast:If you would like to get automatic updates of new podcast episodes, don't forget to subscribe. You can also give us a follow on your favorite podcast app.Leave Us a Review:Leave a 5-star review and include your IG handle to enter to win a free month of Wealth Witches Membership! We draw the winner at the beginning of each quarter.Stay magical and empowered, and remember, wealth isn't just about dollars in the bank – it's about creating abundance in all aspects of your life.DISCLAIMER: This Podcast may receive compensation for promoting or recommending products or services through affiliate links. We only recommend products and services that we believe are of value to our listeners. The content provided in this podcast is for informational purposes only and does not constitute professional financial, accounting, or legal advice. Listeners are advised to consult with qualified professionals before making any financial decisions. The Freelance CFO is not responsible for any actions taken based on the information provided.Music credit: Neon Fairies by Wolves

In this episode, Katelyn shares her perspective on AI as both a business owner and financial professional. She explains how AI is currently being used inside accounting software, where it can improve efficiency and where she believes it is being significantly oversold.The conversation explores the difference between AI-assisted workflows and AI replacing professional expertise, the risks of relying on AI-generated financial or tax advice and the security considerations business owners should be thinking about when handling sensitive financial data.Katelyn also discusses real-world testing she conducted with AI-powered tax preparation tools, the concerns she uncovered around accuracy and accountability and the questions every business owner should be asking their accountant about AI usage.This episode is a practical discussion about AI literacy, financial responsibility and how to thoughtfully navigate a rapidly changing technology landscape without sacrificing accuracy, privacy or professional judgment.Key TakeawaysSensitive financial information should never be casually uploaded into AI platforms.AI-generated tax and accounting advice can contain errors or hallucinations.Business owners should understand how their accountants are using AI tools.AI literacy is becoming an important part of financial literacy.Convenience should never replace professional review for high-stakes financial decisions.🔮 Wealth Witches™ Monthly Membership Program 🔮Are you ready to take your financial journey to the next level? Join the Wealth Witches™ membership for exclusive access to live training sessions on money, taxes, retirement, and business support. You'll also gain entry to our inclusive community where you can connect with like-minded individuals and get even more out of your financial journey. We're a community of passionate, purpose-driven entrepreneurs who see creating wealth holistically rather than stuck in another crypto-bro investing black hole membership. Join today: http://www.thefreelancecfo.biz/wealth-witches-podcast-memberThanks for Listening:Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share! Follow us on Instagram @WealthWitchesPodcast or drop us a message with your questions and episode requests. Looking for more finance tips, visit our main Instagram @thefreelancecfo.Subscribe to The Podcast:If you would like to get automatic updates of new podcast episodes, don't forget to subscribe. You can also give us a follow on your favorite podcast app.Leave Us a Review:Leave a 5-star review and include your IG handle to enter to win a free month of Wealth Witches Membership! We draw the winner at the beginning of each quarter.Stay magical and empowered, and remember, wealth isn't just about dollars in the bank – it's about creating abundance in all aspects of your life.DISCLAIMER: This Podcast may receive compensation for promoting or recommending products or services through affiliate links. We only recommend products and services that we believe are of value to our listeners. The content provided in this podcast is for informational purposes only and does not constitute professional financial, accounting, or legal advice. Listeners are advised to consult with qualified professionals before making any financial decisions. The Freelance CFO is not responsible for any actions taken based on the information provided.Music credit: Neon Fairies by Wolves