Accounting/Finance
10 Must-Have Financial Steps for Your LNC Business
Do you have your financial steps for your LNC business in place? If not, you must get your finances set up correctly as soon as possible. Check out the steps below to make certain you have everything. Ideally, you set your finances on the right path before you start your business. Many entrepreneurs don’t enjoy…
Read MoreHow Negative Self-Talk Can Destroy Your Financial Future
Does negative self-talk influence your success? Do you ever say things like, “I’ve never been good with money.” “I hate budgets.” “I’ll never be a 6-figure earner.” “My market won’t pay premium prices.” If you’ve ever heard these statements come out of your mouth—or even in your head—then you’re engaging in a damaging habit known…
Read MoreFive Tools to Help You Manage Your LNC Business Finances
Managing your LNC business finances is one of the most important factors in running a business. You can’t have a profitable LNC business if you have poor money management. Not managing your cash flow and responsibilities correctly can cause the failure of your business. Just yesterday I heard a financial planner discuss how his business…
Read MoreOrganizing Your Finances
Is your method of organizing your finances to put everything on a spreadsheet? Or are you like my friend who takes a shoebox of receipts to her accountant? Or do you have a partner or spouse who manages this task in your household, and you don’t know the system? (That’s me.) If organizing your financial…
Read MoreLNC Bookkeeping 101: When You Don’t Like Working with Numbers
LNC Bookkeeping 101 – You have to know your numbers. Whether you like it or not, this is necessary for your business. Do you hate looking at your bank statements? You’re in business to make money, so why don’t you know your numbers? You’re not alone. Money is a huge stress point for many LNCs…
Read MoreWhat is Power of Attorney?
As a legal nurse consultant, you will encounter cases in which someone has power of attorney over another. This term can seem threatening to people. For example, when a husband gives a wife power of attorney, does that give her power over him? It does not. It’s a legal document in which he appointed his…
Read MoreTop Tips for Invoicing as a Legal Nurse Consultant
You do a case for an attorney and she says, “Great work. Send me an invoice.” Here are top tips for invoicing to make the process go smoothly. 1. Use accounting software to create your invoice. Yes, you can get an invoice template from Word, but that does not create the kind of record you…
Read MoreHow to Hire an Accountant for Your LNC Business
Your business needs an accountant. Why? Setting up your bookkeeping system properly is essential. This is not a job for amateurs. The plan to hire an accountant may not make a lot of sense to you in the beginning but it quickly becomes obvious why you need one. An accountant is knowledgeable about business functions,…
Read MoreMedical and Dental Expenses Deductions
With the Affordable Care Act being frequently discussed in the news, we’re paying a lot of attention to medical and dental expenses. What kind of deductions can you take for these expenses? You can take itemized deductions on your Form 1040, Schedule A from the Internal Revenue Service (IRS) for yourself, your spouse and your…
Read MoreHow to Save on Your Taxes When You Work From Home
Many legal nurse consultants start their businesses working out of their homes. It makes sense and it is affordable. You may be wondering how to save on your taxes when you work from home. If you work from home full-time, you may be eligible for a range of tax deductions not available to traditionally employed…
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