Tax Season: The Money Mistakes Costing Coaches Thousands
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Tax Season: The Money Mistakes Costing Coaches Thousands
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If tax season makes your stomach drop even though you’re making good money — this episode is for you!
Today I sit down with Morgan of Truly Booked Accounting to break down what’s actually happening behind the scenes of so many coaching and service-based businesses. From six-figure coaches still feeling broke to high ticket coaches accidentally overpaying the IRS, this episode exposes the money mistakes no one talks about — and how to fix them with real tax planning (not last-minute panic).
This isn’t about shady write-offs or internet tax hacks. It’s about strategy, structure, and keeping more of what you earn — before tax season hits.
💸 What You’ll Learn in This Episode
- Why tax season shouldn’t be the first time you think about your money
- The difference between a tax preparer and true tax planning — and why most coaches don’t have both
- How high-earning coaches can still feel broke (even with great revenue)
- The biggest tax mistakes a high ticket coach can make as they scale
- When a coach should consider switching from an LLC to an S-Corp
- Why profit matters more than revenue in your coaching business
- Financial red flags that signal you’re not ready to scale yet
- How waiting until tax season can cost you thousands
- Why organization, not hustle, is the key to sustainable growth
- How proactive tax planning creates clarity, confidence, and peace of mind
🔗 Connect With Today’s Guest
Morgan – Truly Booked Accounting
📍 Instagram & Threads: @trulybookedaccounting
Morgan helps coaches and entrepreneurs stay organized, plan ahead, and keep more of what they earn — without fear or overwhelm.
This podcast was produced by Your Girl Media
To learn more:
Email: yourgirlmedia@gmail.com
Follow us on Insta: @yourgirlmedia
If you’re ready to scale your coaching business, attract dream clients, and close more high ticket sales — I’m your girl.
Work with me: www.yourgirlmedia.com
Follow on Instagram: @yourgirlmedia
Want a Podcast Strategy Sesh to brainstorm your podcast? DM me at @yourgirlmedia
Join the conversation: DM me your biggest biz question or what topic you want next on the pod!
💌 Want access to my match-making program to match you with certified setters & closers? Check out: yourgirlmedia.com