Income Report for January 2022: Crypto, NFT's, Tax Prep and more!
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 18 February 2022
⏱️ 29 minutes
🧾️ Download transcript
Summary
Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income101, and IGNITE! January 2022 Income At-A-Glance Gross Income for January: $215,205
Total Expenses for January: $26,721
Total Net Profit for January: $188,484
Difference b/t January & December: -$8,764
% of net profit to overall gross revenue: 88%
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Transcript
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| 0:00.0 | Boom, shake the room, Fire Nation. JLD here and welcome to entrepreneurs on fires January |
| 0:09.7 | 2022 income reports. We've got it dozy for you today. We've got our lawyer David Lizza |
| 0:17.2 | Bram, our CPA on fire tax genius, Mr. Ron Parisi. And of course, Caitlin Erickson joining us |
| 0:25.5 | on the mic today. Ron will be talking about preparing for the tax season as an entrepreneur. |
| 0:31.8 | David will be talking about how to terminate a contract. I'll be talking crypto NFTs, |
| 0:38.0 | blockchain, Bitcoin, Metaverse, and more. Kate will be talking a little more tax prep. |
| 0:43.6 | And of course, we'll be giving you the income breakdown, which for January gross income |
| 0:47.9 | is $250,205. Our total expenses were $26,721 for a net profit of $188,484 for a decrease of $8,764 |
| 1:03.5 | from December. And our net profit to overall gross revenue was 88%, which is fantastic. |
| 1:10.6 | So first time in a couple months, we've been below 90%, but I still will take 88% all day long. |
| 1:17.4 | In Fire Nation, we've got some amazing things coming up for you as soon as we get back from |
| 1:21.6 | thinking our sponsors. The remarkable people podcast hosted by Guy Kawasaki and brought to you by |
| 1:27.8 | the HubSpot Podcast Network helps you better understand the changing world with interviews |
| 1:31.5 | from thought leaders, legends, and iconoclasts like Jen Lim, Happiness Evangelist, and author of |
| 1:35.8 | Beyond Happiness. Listen to the remarkable people podcast wherever you get your podcasts. |
| 1:41.6 | All right, Fire Nation. We are back. We're going to kick things off with a bang. So, Ron, |
| 1:46.5 | take it away, preparing for tax season as an entrepreneur. |
| 1:50.8 | Hello, John. Hello, Fire Nation. Welcome to the January, 2022 tax tip. Hello, I'm Ron Perisi with |
| 1:59.6 | CPA on fire. Here we are in early January. So I figured the best topic, Dejore, is tax filings, |
| 2:09.4 | our deadlines and obligations, how best to prepare for your tax repairer or accountant. And I'd also |
| 2:17.0 | like to talk about a misconception that we've been dealing with with our clients at CPA on fire. |
| 2:23.4 | So let's get started. First, two operative upcoming dates, March 15th and April 15th. |
... |
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