Author Archives: Jessica Cummings

So you have a budget for your business—Now what?

woman with computer

    A budget is a financial plan. It means that you have mapped out how much you expect to earn, what you plan to spend, and where you want that money to go.  But a budget by itself doesn’t run the business. It doesn’t stop someone from making an unplanned purchase. And it will […]

How to make tax time easier with better day-to-day financial habits

Calculating taxes

Tax time is when every financial decision made throughout the year comes under review. If your books aren’t clean or if your team scrambles to find receipts and reclassify spend, it becomes a high-stress sprint. That’s why tax season feels harder than it should. But the real challenge doesn’t start in Q4. It builds over […]

How to set up financial systems that scale with your creative business

Setting up financial systems

  Financial systems are a set of tools, processes, and habits you use to manage money in your business. For creative businesses, this might mean tracking project-based income, organizing expenses across various tools and collaborators, and staying prepared for tax season.  Creative businesses rarely follow a standard financial pattern. You may juggle retainers, one-off gigs, […]

Gain 15 hours back in your week

Gain 15 hours back with Revel CPA

Gain 15 hours back in your week with Revel CPA. (Don’t read if you have enough hours in a day) We have all heard it before: Time is our most valuable resource. This is why we were stunned to learn that micro-businesses spend an average of 15 hours per week on financial administrative and accounting-related […]

Why am I still paying penalties even though I filed an extension?

Income Tax Penalties

Filing your taxes on time is important, but it’s not always easy. If you’re a creative business owner, you may have a lot of different income sources and deductions to keep track of. It’s no wonder that many creative business owners end up filing extensions and/or paying tax penalties. In this blog post, we’ll review […]

Understanding Your Business Worth: A Creative Entrepreneur’s Guide

Business Worth

  Ever wondered, “How much is my business worth?”   Well, you’re not alone. Whether you’re simply curious or thinking about selling your business, it’s a question that can leave even the most seasoned entrepreneurs scratching their heads.  But don’t worry! We’ve got your back. Here’s a breakdown of three common valuation methods to help […]

Your Business, Your Legacy: The Impact of Creative Entrepreneurship on Generational Wealth

Generational Wealth

Crafting Generational Wealth –Your Way As a creative entrepreneur, you’re not just building a business; you’re crafting a legacy that could benefit generations to come. Generational wealth can impact SO MANY things about a family’s lived experience–from education to healthcare outcomes to general economic stability. Your creative business can be a stepping stone to narrow […]

Creative Entrepreneurship and AI

raw creativity vs Ai

The era of AI Stepping into the era of artificial intelligence, the realms of creativity and technology are blending in ways we never anticipated. From the soundwaves of our favorite musicians to the pixels on a digital canvas, the AI revolution has thrust us into uncharted territories, leaving us with more questions than answers. Yet, […]

So I filed a tax extension with Revel, What’s Next?

Tax extensions

Tax Deadlines are quickly approaching, are you ready? Filing a tax extension back in March or April was certainly a move that bought you a little more time to gather your tax docs together. But as the weeks and months of summer tick by, we’re finding the extension deadlines rapidly approaching on the horizon, which […]

Creating Cashflow During the SAG/AFTRA Strike

Generate Income

10 ways actors can generate income during challenging times For actors, the idea of a union strike can be daunting—bringing with it the temporary halt in their regular income and career momentum. However, with a bit of resourcefulness and creativity, there are several avenues actors can explore to generate income and stay engaged with their […]