Financially Empowered Female

Financially Empowered Female Business finance coaching for women who want less stress, more clarity, and real confidence. 💬✨

Owner of Deeter Accounting

"I can write off everything for my business." I hear this one a lot, and I completely understand why. There's so much co...
06/05/2026

"I can write off everything for my business." I hear this one a lot, and I completely understand why. There's so much conflicting information out there, and honestly, it sounds like it should be true. But here's what the IRS actually requires.

Every legitimate business deduction has to pass a two-part test: it must be ordinary (common and accepted in your industry) and necessary (helpful and appropriate for your business). Both boxes have to be checked.

That means software you use every day for work? Deductible. Marketing and advertising? Deductible. Your bookkeeper or accountant? Absolutely deductible.

But personal expenses run through the business, claiming your personal vehicle is 100% for business, or writing off meals without any documented business purpose? Those are the things that create problems down the road.

The good news: you don't have to be afraid of deductions. You just have to document them. Keep your receipts, note the business purpose, and track consistently. The goal isn't to deduct everything, it's to confidently deduct everything you're actually entitled to.

Questions about what qualifies for your business? Drop them in the comments!

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I talk to small business owners all the time who write checks to local charities, schools, and nonprofits - and assume t...
05/28/2026

I talk to small business owners all the time who write checks to local charities, schools, and nonprofits - and assume they're getting a solid tax deduction out of it. Here's the reality: for most small businesses, that's not actually how it works.

When your business donates to a charity, the IRS doesn't treat it as a business expense. For sole props, LLCs, S-corps, and partnerships, that donation flows to your personal tax return as an itemized deduction, not your business return. With today's standard deduction sitting at $15,000 for single filers and $30,000 for married filers, most people never actually itemize. Which means that "deduction" often does nothing.

Sponsorships work completely differently. When your business sponsors something, you're purchasing advertising and visibility - logo placement, name recognition, booth space, a shoutout on social media. That makes it an ordinary business expense, fully deductible right on your business return, regardless of how your business is structured.

Same community. Same dollars. But now your business is getting something back, exposure AND the deduction.

Next time someone reaches out asking for a donation, ask if they have sponsorship packages available. It's a small shift that can make a big difference. đź’ˇ

Questions about how this applies to your business? Drop them in the comments, I'd love to help!

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Now that you've seen my hot take for the week, here's the why 👇The standard deduction is $16,100 (single) or $32,200 (ma...
05/21/2026

Now that you've seen my hot take for the week, here's the why 👇

The standard deduction is $16,100 (single) or $32,200 (married) right now. That means unless ALL of your deductions (mortgage interest, donations, state taxes) add up to MORE than that, you're getting a limited deduction. In 2026, the deduction amount is $1,000 (single) or $2,000 (married filing jointly) for cash donations, provided you give directly to qualified charities.

This is one of the things I help clients understand so they can stop making financial decisions based on a tax benefit that doesn't actually do much for them.

Making a charitable donation is great for a multitude of reasons, just don't make the mistake of assuming tax deductions is one of them.

Looking for more information on this topic? Check out our recent blog post that dives a little deeper into why charitable deductions aren't always tax beneficial: https://www.financiallyempoweredfemale.com/blog/b/charitable-donations

Questions about your situation? Drop them below or send a message!

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Running a small business doesn’t always look the way people expect it to.A lot of it happens behind the scenes - figurin...
05/12/2026

Running a small business doesn’t always look the way people expect it to.

A lot of it happens behind the scenes - figuring things out, learning as you go, and managing more than most people realize.

It can feel overwhelming at times, especially when you’re trying to do it all. But that effort matters.

Showing up, even when things feel uncertain, is part of what building a business actually looks like.

If this sounds familiar, you’re not alone, and it’s something to be proud of.

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If your schedule is full but your bank account doesn’t reflect it… this is worth paying attention to.A lot of business o...
05/08/2026

If your schedule is full but your bank account doesn’t reflect it… this is worth paying attention to.

A lot of business owners assume the solution is to get more clients, more bookings, or more sales.

But if your pricing isn’t set up to support your business, more volume just means more work, not more profit.

This is one of the most common things I see, and it often goes unnoticed for way too long.

Your pricing should:
âś” Cover your expenses
âś” Pay you consistently
âś” Allow room for growth

If it’s not doing those things, it might be time to take a closer look.

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Being busy in your business doesn’t always mean you’re building something profitable.You can be fully booked, constantly...
05/05/2026

Being busy in your business doesn’t always mean you’re building something profitable.

You can be fully booked, constantly working, and still feel stressed every time you check your bank account.

And that disconnect? It’s more common than people think.

Most small business owners assume they just need more clients or more sales…
but sometimes, the real issue isn’t how much you’re working, it’s how your business is structured behind the scenes.

If this has ever crossed your mind, you’re not doing anything wrong.
You’re just missing a piece of the puzzle that no one really talks about.

We’re diving into one of the biggest reasons this happens later this week 👀

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Financial clarity doesn’t mean having everything perfectly figured out. It’s not about knowing every detail or having fl...
05/01/2026

Financial clarity doesn’t mean having everything perfectly figured out. It’s not about knowing every detail or having flawless systems in place.

More often, it feels like:
• having a general understanding of your numbers
• feeling less stressed when you think about your finances
• being able to make decisions without second-guessing everything
• not avoiding your books altogether

It’s a shift from feeling overwhelmed to feeling more in control, even if things aren’t perfect.

And that kind of clarity is something you build over time.

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Running an online business doesn't come with a finance handbook, and honestly, most of us learn as we go. If numbers hav...
04/24/2026

Running an online business doesn't come with a finance handbook, and honestly, most of us learn as we go. If numbers have ever made you want to close your laptop and walk away, you're not alone.

The good news? You don't need to be a financial expert to make smart money moves. You just need a few simple habits that actually stick.

Here are 5 money tips every content creator and online business owner should know - no intimidation, no overwhelm, just real, doable steps.

Which one are you starting with? Drop it in the comments! 👇

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When it comes to your finances, it’s easy to feel like you’re behind or not doing enough.But progress doesn’t always loo...
04/21/2026

When it comes to your finances, it’s easy to feel like you’re behind or not doing enough.

But progress doesn’t always look big or obvious.

If you’ve started paying more attention to your numbers…
If you’ve made an effort to track your income or expenses…
If you’ve been trying to understand things a little better…

That all counts.

Financial progress is built over time through small, consistent steps - not perfection.

Chances are, you’ve already come further than you realize.

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Filing your taxes is a big step, but what you do *after* you file can make a big difference in how next year feels.Here ...
04/17/2026

Filing your taxes is a big step, but what you do *after* you file can make a big difference in how next year feels.

Here are 3 simple things to focus on:

**Review your numbers** – Take a quick look at your income, expenses, and overall picture. This helps you understand where your business stands.

**Make note of what felt confusing** – Were there parts of the process that didn’t make sense or felt stressful? That’s a great place to focus your attention moving forward.

**Set up a simple system for this year** – Even something basic can help you stay more organized and avoid last-minute stress next time around.

This doesn’t have to be complicated, just a few small steps can help you feel more prepared and confident going forward.

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121 W 200 S Suite B, #136
Moab, UT
84532

Website

http://www.linkedin.com/company/financiallyempoweredfemale

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