117: Profit First & How To Pay On A W2 with Abby Johnson CEO of Matterhorn Business Development

Artistic Finance

Today we learn how to pay workers on W2 instead of 1099 and how to profit first by organizing our business finances. Our guest is Abby Johnson, CEO of Matterhorn Business Development and Certified Profit First Professional for Small Business Owners.

W2 Topics:

⭐️ When to pay someone on a 1099 or a W2

⭐️ If W2, HOW to file the correct tax filing paperwork.

⭐️ How much it costs to hire a company to do the filings for you.

Profit First topics:

⭐️ Pulling aside profit first

⭐️ Setting aside money for you the owner

⭐️ Setting aside money for taxes and operating expenses

⭐️ How to go about modeling after the Profit First system for someone making less than $250,000 in annual revenue.

Bonus episode:

⭐️ Robo advisors

⭐️ Abby’s music career

⭐️ The Lion King on Broadway

Watch on Youtube:

https://youtu.be/g_rwZvgCMjY

Become a patron at:
www.patreon.com/artisticfinance

Artistic Finance LIVE at LDI:

https://livedesigninternationalldi2022.sched.com/event/19A4f/artistic-finance-a-freelance-perspective

Women In Lighting - at LDI:

https://livedesigninternationalldi2022.sched.com/event/19URq/women-in-lighting

Ayrton - Our Partner for LDI 2022:

https://www.ayrton.eu/

Abby Johnson on LinkedIn:

https://www.linkedin.com/in/abbywinteregg/

Abby Johnson on Youtube - Profit First Intro:

https://www.youtube.com/watch?v=Yg7lNs6u15k&ab_channel=MatterhornBusinessDevelopment

Patriot Software - Payroll Software:

https://www.patriotsoftware.com/payroll/

Other Payroll Companies:

https://www.forbes.com/advisor/business/software/best-payroll-services/

Adventure To Profit - Work With Abby:

https://matterhornbizdev.lpages.co/atp/

Previous Episodes Discussed:

Caite Hevner - Projection Designer:

https://www.youtube.com/watch?v=4ihwRyimcGw&t=4s&ab_channel=ArtisticFinance

Najah Roberts - Cryptocurrency & Bitcoin:

https://www.youtube.com/watch?v=iI1uTM469oI&ab_channel=ArtisticFinance

Ken Billington - Lighting Designer:

https://www.youtube.com/watch?v=cuojA4i6y5c&ab_channel=ArtisticFinance

Become a patron at:
www.patreon.com/artisticfinance

Interview by Ethan Steimel