Twelve Telltale Signs it’s Time to Create an Exit Strategy For Quitting Your Soul-Sapping Job

TWELVE TELLTALE SIGNS IT'S TIME TO CREATE AN
EXIT STRATEGY FOR QUITTING YOU SOUL-SAPPING JOB

Article by Sophia Marsh-Ochsner
Photo Credit: Dasha & Mari
Magazine: Issue #29

Signs it’s Time to Create an Exit Strategy For Quitting Your Soul-Sapping Job

Signs it’s Time to Create an Exit Strategy For Quitting Your Soul-Sapping Job

When it comes to climbing the success ladder, I’ve worn all the labels. Corporate careerist? Yep. Wantrapreneur? Check. Entrepreneurial small-business owner? Absolutely – in fact, still going strong. So believe me when I say with wholehearted empathy that I’ve walked many-a-mile in your Louboutin shoes.  

So let’s get real. During my nine-plus career lives, I’ve seen my share of flashing red lights telling me it was time to leave the latest “dream job” that turned sour. But there were other times when I missed the career forest for the trees entirely, languishing in a no-future position far longer than I want to admit. If only I had learned to recognize these emergency signals, I could have circumvented some of the self-inflicted drama and dove head first into my destined sweet spot years earlier.  

Save yourself the heartache and learn from my good (and not-so-good) experience. Here are 12 signs that your job or business isn’t a good fit or you have outgrown your career aspirations. Warning: If you identify with three or more on the checklist, or find yourself virtually high five-ing me and hollering, “Yes, me too!” then take it as a cue to begin creating your exit strategy NOW versus someday. 

1| You’ve lost that loving feeling. You can’t seem to muster up the passion or motivation you once had for your job or profession  

2| Your self-esteem and confidence are slowly spiraling down. The stress and anxiety are now affecting your physical and mental health and impacting your relationships. 

3| Energy Leaks. You’re beginning to lack the internal stamina to keep doing what you’re doing. Instead, your job is one big energy drain. 

4| Who am I? You find yourself asking existential questions like why am I here, what’s it all about, what’s wrong with me, why can’t I be happy, what’s my damn purpose?

5| If only… Quitting your job feels like walking the proverbial plank but you can’t seem to muster the courage of Jack Sparrow to jump ship. 

6| Misery loves company. You whine and gripe to your loved ones and eventually to anyone who will listen about how much you hate your life (hint...probably because you spend two thirds of it at your job).  

7| Truth or Dare. On your drive into work you imagine walking into your boss’ office and throwing down the “I-quit-this-soul-sucking-job” gauntlet. 

8| Personal vices. You use distractions (alcohol, food, shopping...pick your poison) and personal sick days to try to recalibrate and come up for air, so you can suck it up and do it again next week. 

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9| Excuses, excuses, excuses. You find yourself saying, “I would love to quit but (fill in the excuses blank...”I need the money honey, now’s not the right time, I’m not really ready, I can do this another year” (yeah right).

10| Sunday Night Sadness & Monday Morning Blues. Your Sunday night pit in the stomach transitions into Monday morning madness. You know you’re on the “wash, rinse and repeat” career spin cycle but don’t know how to plan your great escape.

11| Reality dawns. The excruciating fear of never reaching your potential, fulfilling your purpose and living out yours passion becomes intolerable for your soul to bare. 

12| No self-expression = expect depression. Abraham Maslow, the American psychologist identified five critical human needs that sustain and motivate human behavior. It’s no surprise that self-fulfillment and realizing one’s potential ranks high up on the totem pole. However, Gallup polls show that 70% of Americans hate their stinkin’ jobs. So it doesn’t take a genius to see that there may be some correlation with the rampant rise of depression and anxiety in our society, given that most of us are walking around with a prolonged sense of hopelessness.   

So whether you are thirty, forty or fifty-something, the midlife career crisis happens to almost everyone. When the lack of fulfillment finally becomes too much to bear, it’s time to jump or no-jump...take flight or flee...play deal or no deal..you get my drift. 

While success is created in the mind, happiness is cultivated in the soul. Your mind can only fool you for so long but your soul knows better. So thank your soul for giving you those pesky cues and pointing you in the direction of truth. Jumping into uncertainty is far better than dying a slow death with your song unsung.

Believe me, I know. I “discovered” the disconnect early enough to do something about it.


It’s a Sign is a compilation of self-improvement articles written by entrepreneurs seeking to bring holistic solutions to everyday problems. Read more articles from this feature.


Sophia is a UK-born, LA-based empowerment coach, chief rally crier and conscious entrepreneur that inspires anew. She speaks on the importance of gaining clarity, cultivating confidence, and creating a soulfully aligned life and purpose. 

She now supports women globally to discover their destined sweet spot in life and business through her Milk & Honey™ Method. This process supports women at pivotal points in their life and career to make powerful transitions by charting soulfully aligned careers and exit strategies. Uncertain about your next career or business step? Email sophia@sophiaschoice.com  to get your FREE Milk and Honey™ Exit & Encore Roadmap, a mindful tool to help you navigate your next professional leap.

ABOUT ANGEL

Angel Quintana

Angel Quintana is the founder of Holistic Fashionista, an alchemical herbalist and mystery school teacher based in Saint Petersburg, Florida. She's incredibly passionate about the alchemical process known as The Great Work and helping others evolve "the archetypes" found in their inner world, so they can confidently answer the questions: WHO AM I and WHY AM I HERE. Learn more about Angel's work at www.theoccultchateau.com


DISCLAIMER

The information on this website is presented for educational purposes only. It is not intended as a substitute for the diagnosis, treatment, or advice of a qualified, licensed medical professional. The facts presented are offered as information only, not medical advice, and in no way should anyone infer that we are practicing medicine. Seek the advice of a medical professional for proper application of this material to any specific situation.

8 Tips to Developing Your Creative Practice

Developing Your Creative Practice

Developing Your Creative Practice

8 TIPS TO DEVELOPING YOUR CREATIVE PRACTICE

Article by Jeannine Chanin Penn
Photo Credit: Dasha & Mari
Magazine: Issue #29

Have you noticed that creativity and creative thinking has been popping up more and more in articles and books from scientists, psychologists, teachers and artists? From Fortune 500 Companies to schools to your own personal pursuits, embracing innovation and creativity is essential. 

“Creativity is not an option, it’s an absolute necessity.” - Sir Ken Robinson, Ph.D

Are you someone who loves being or wants to be creative? Do you think you have to be born with it? Are you a practicing artist that often feels stuck? The truth is anyone can learn to hone the mindset of thinking and expanding creatively. 

The following is a short list of what I have found to be essential in my practice and relatively easy to incorporate even in some small way into your life. By developing these habits, you will foster greater creativity in your work, your life and your art.

1| Be Curious… about everything. Ask questions. Learn something new. “I have no special talent. I am only passionately curious.” ~Albert Einstein
2| Be Observant. Look around. Look down. Look up. People watch. Take a walk.
3| Be Playful. Play like a kid. Play with a kid. Play, be playful, be silly and joyful.
4| Be Spontaneous. Allow spontaneity in your life. Ditch the plans once in a while and just go with the flow.
5| Be quiet. Find your quiet. Your solitude. Practice mindfulness and take that time for you. “Without great solitude no serious work is possible.”  ~ Pablo Picasso
6| Be a Dreamer. Daydream. When you’re in the shower, your car and anywhere else your mind wanders. Give your imagination free reign to think from the brilliant to the bizarre to the ridiculous!
7| Be courageous. I’m not talking the jumping out of airplane kind of courageous (although that counts!) I mean the risk taking, willing to fail kind of courageous. 
8| Be consistent. Make it a habit. Make it a practice. Fine tune and repeat.


It’s a Sign is a compilation of self-improvement articles written by entrepreneurs seeking to bring holistic solutions to everyday problems. Read more articles from this feature.


Jeannine (j9) Chanin Penn Owner + Chief Creative Counsel of xoj9Creative Creative Direction | Visual Design | Marketing. Jeannine has worked more than 20 yrs as a CD including work for HBO & TBWA Chiat/Day and currently focuses on small businesses and entrepreneurs. Jeannine believes that "creativity is a birthright". Click Here to sign-up and download your FREE Creative Playpenn© Starter Kit: Tips and Tools to Creative Expression and Expansion in Your Daily Life.

ABOUT ANGEL

Angel Quintana

Angel Quintana is the founder of Holistic Fashionista, an alchemical herbalist and mystery school teacher based in Saint Petersburg, Florida. She's incredibly passionate about the alchemical process known as The Great Work and helping others evolve "the archetypes" found in their inner world, so they can confidently answer the questions: WHO AM I and WHY AM I HERE. Learn more about Angel's work at www.theoccultchateau.com


DISCLAIMER

The information on this website is presented for educational purposes only. It is not intended as a substitute for the diagnosis, treatment, or advice of a qualified, licensed medical professional. The facts presented are offered as information only, not medical advice, and in no way should anyone infer that we are practicing medicine. Seek the advice of a medical professional for proper application of this material to any specific situation.

Turn Your Talents into Cash: 3 Proven Strategies for Success in the Arts

TURN YOUR TALENTS INTO CASH:
3 PROVEN STRATEGIES FOR SUCCESS IN THE ARTS

Strategies for Success in the Arts

Strategies for Success in the Arts

Article by Pamela C Wills
Photo Credit: Dasha & Mari
Magazine: Issue #29

To be successful in the arts, you have to treat your talents like your treasure. 

YOUR TALENT IS YOUR WEALTH. YOUR CREATIVITY HAS VALUE.
 
Uncomfortable reading that? Time for an attitude adjustment, my friend. Your attitude about your value as an Artist and what you create has everything to do with how much BANK you make.

The Starving Artist Myth...

Too many artists believe the tired myth that art is more legit when created by poor people. FYI: This crazy idea was popularized mid-19th century by French poet Henri Murger, who made some extra cash with his novel, Scènes de la vie bohème about a bunch of poor artists in Paris. The book was wildly popular; suddenly, starving artists were trendy.

But that was almost two centuries ago!!! Before running water, sliced bread and the Internet! Perversely, we’ve been dragging that tired old myth behind us like a gigantic ball and chain for 150+ years. 

To make matters worse, too many artists still believe that poverty and suffering contribute to superior art.

That’s just BULLFEATHERS!

Artists, we MUST let the starving artist myth DIE. Financial bankruptcy does NOT make us artistically superior. Access to deep emotions combined with strong talents make great art. Poverty and suffering distract us from creating. Financial solvency provides a solid foundation from which to do more of what we love and the peace to do it spectacularly

Ditch that myth with three strategies I’ve proven to create success in the arts:

1 :: Learn to believe in your Artist self.

  • This first step is crucial. You MUST believe in your talent to make a living from it! To get your big break and succeed, your very first step towards busting the starving artist syndrome is to OWN your talents! Every business owner must believe in what they’re selling and you’re no exception.
  • Start calling yourself an Artist – whether songwriter, designer, sculptor, choreographer, actor or other creative pro – say I AM! Own your Artist self and you’ll be on your way.
  • Fear, doubt and worry are like the Bermuda Triangle of life. They affect your bottom line profoundly. To escape the trap, realize that fear is just a word and let it go. Eject doubt from your mind. Be ruthless with worry; show it the hand. 
  • Forget about Plan B. Go for the gold! Without compelling belief in yourself and your work, you’ll spin your wheels forever. Fear, doubt and worry kill dreams – let them go and watch yourself soar.
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2 :: Quit badmouthing yourself and your money.

  • Ditch your negative money story. Negativity affects your ability to make money in profound ways. Give yourself permission to make money. Releasing negative money blocks creates essential shifts in how you make bank – and how much.
  • To delete the starving artist from your psyche, lock the door on negativity. Positivity and high self-esteem are KEY to unlocking your desires. 
  • Stop the negative chatter in your mind. Negative self-talk is incredibly damaging to your self-esteem and therefore, your bank account. When you continually tell yourself you're no good, eventually you believe it! That is exactly how the myth perpetuates itself.
  • Ever heard the story of how Jim Carrey carried a check in his wallet for $1 million that he wrote to himself while he hustled for years to get his big acting break? Legend says he looked at it regularly and believed in the reality of it. Guess what? It worked.

3 :: Take action and create your plan for success.

  • Take daily action to get yourself and your work noticed. Otherwise, you’ll never get your big break. Every accomplishment builds your confidence, your reputation and sales!
  • Get organized about running your business. If you keep treating it like a hobby, everyone else will, too. 
  • Promoting yourself and your work is essential to success. Always be marketing!
  • Protect your vision, also known as your BRAND. Even if you think other Artists have already done what you do, keep going! No one else can do your thing quite like you do. Remember, your talent is your treasure! 
  • Get help. It’s almost impossible to make it in any business without help. Work with someone more experienced than you are to achieve your goals and turn your talents into cash!

Tremendous joy results from earning your living from doing something you’d happily do for free. Not many become celebrity movie stars or bestselling authors. However, if you follow your passions and talents, you give yourself the very best chance to grow into the most successful Artist you can be. Standing up for your inner Artist also lets you spend more days doing what you love and earning more money doing it.


It’s a Sign is a compilation of self-improvement articles written by entrepreneurs seeking to bring holistic solutions to everyday problems. Read more articles from this feature.


Revolution Ringleader Pamela C Wills is a choreographer/writer with a passion for business who teaches multitalented creatives how to turn talents into cash. Her Get Your Big Break! program dives into three strategies to level up your creative success. Want to make money in the arts? Don’t just dabble in your art, download your FREE report, "Turn Your Talents into Cash: 10 Simple Steps" at www.PamelaCWills.com and start calling YOUR shots today!

ABOUT ANGEL

Angel Quintana

Angel Quintana is the founder of Holistic Fashionista, an alchemical herbalist and mystery school teacher based in Saint Petersburg, Florida. She's incredibly passionate about the alchemical process known as The Great Work and helping others evolve "the archetypes" found in their inner world, so they can confidently answer the questions: WHO AM I and WHY AM I HERE. Learn more about Angel's work at www.theoccultchateau.com


DISCLAIMER

The information on this website is presented for educational purposes only. It is not intended as a substitute for the diagnosis, treatment, or advice of a qualified, licensed medical professional. The facts presented are offered as information only, not medical advice, and in no way should anyone infer that we are practicing medicine. Seek the advice of a medical professional for proper application of this material to any specific situation.

5 Ways to Regain (some) Control After Trauma

Regain (some) Control After Trauma

Regain (some) Control After Trauma

5 WAYS TO REGAIN {some} CONTROL AFTER TRAUMA

Article by Michelle Bennington
Photo Credit: Dasha & Mari
Magazine: Issue #29

You’re a survivor and you’ve lost control, but you are not alone. Something terrible has happened and left you uncertain about everything you once thought you knew. Or, maybe you never claimed to have it together to begin with. Either way, you’re here because you’re trying, you want to feel like yourself again, and you know there is hope. While there are no quick fixes and your journey is undoubtedly your own, there are a few things you can do to regain (some) control today.

Be okay with not being okay.
As tempting as it might become, you simply cannot force feed yourself happiness. You are a strong and magnificent human but let's be honest, even Wonder Woman requires recovery. Sometimes life throws you villains that will temporarily knock you down, and acknowledging that you have fallen does not mean you aren’t capable of getting up. Accept that you've taken a hit and attempt to allow yourself to be okay with that. This does not mean you have been defeated nor does it mean you can’t rise again stronger than before. You’re not okay today, but you will be soon.

Write it out.
All of the words you've been swallowing back and everything you think is going to make other people uncomfortable, release them. Send all of those emotions out through your fingertips even if they’re impossible to translate later. You're not looking to write a best selling novel, you are simply acknowledging that there's a hell of a lot happening inside of you and you want it out. Whether you’re a writer, artist, or a mathematician, allowing the words to escape will bring you some relief. Take the time to write everyday about everything and about nothing. Write until the paragraphs start becoming more clear, and then continue writing.

Don’t rely on answers, justification, or finding someone to blame (including yourself).
This one won’t be easy and while you may certainly deserve all of the above, focusing your energy here isn't going to help you regain any real control. Sometimes it’s best to take a step back from the unknown to refocus on what we do know. Perhaps everything doesn’t happen for a reason we can comprehend but something beautiful CAN always be born from tragedy, eventually. Maybe not today, maybe not for ten years but rest assured that shining light will appear and any energy you spent running from it will have been wasted. Something horrible happened, and you may not understand why, but you don't have to.

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Throw a little party in your comfort zone.
Never underestimate the power of simplicity. Pup cuddles, nature walks, nachos, and Netflix still apply even on the darkest of days. Taking time to allow yourself your favorite things is undoubtedly always a good thing. Whatever brought you comfort before you lost control still can if you allow it. What's currently holding you down might feel stronger and more resilient than temporary fixes but it won't outlive your happiness if you commit to continue trying. While it may be annoyingly difficult to find comfort amongst the chaos, when you do, it will be worth it. Small steps are still steps in the right direction and you deserve relief.

Breathe.
Breathing, seemingly so effortless to some but sometimes the most challenging undertaking of all, plays a lead role in regaining control. Take a minute (or seven) and try to think about nothing beyond your breath. When thoughts arise, kindly excuse them and refocus. On the outside it may seem as though you're merely existing but you will know better... This moment, no matter how short, no matter how small, you will be in control.

There is no magic cure or immediate answer for regaining control. Nothing in life is one size fits all and you will always have to discover what works for you. However, there are countless ways to get closer. With daily effort and relentless hope, you will feel your small steps becoming massive strides. You will get there, and you are not alone​.


It’s a Sign is a compilation of self-improvement articles written by entrepreneurs seeking to bring holistic solutions to everyday problems. Read more articles from this feature.


Michelle is an inspiration mentor and preliminary business planning coach. Her newest venture, Essential Muse, will help survivors of trauma transform themselves into badass lady-bosses so their stories, strength, and refreshed vibrancy can help an otherwise suppressed world come alive! 

ABOUT ANGEL

Angel Quintana

Angel Quintana is the founder of Holistic Fashionista, an alchemical herbalist and mystery school teacher based in Saint Petersburg, Florida. She's incredibly passionate about the alchemical process known as The Great Work and helping others evolve "the archetypes" found in their inner world, so they can confidently answer the questions: WHO AM I and WHY AM I HERE. Learn more about Angel's work at www.theoccultchateau.com


DISCLAIMER

The information on this website is presented for educational purposes only. It is not intended as a substitute for the diagnosis, treatment, or advice of a qualified, licensed medical professional. The facts presented are offered as information only, not medical advice, and in no way should anyone infer that we are practicing medicine. Seek the advice of a medical professional for proper application of this material to any specific situation.

Thriving as an Empath: 4 Steps to Your Inner Healer

4 Steps to Your Inner Healer

4 Steps to Your Inner Healer

THRIVING AS AN EMPATH: 4 STEPS TO YOUR INNER HEALER

Article by John Scardina
Photo Credit: Dasha & Mari
Magazine: Issue #29

Empathy: the feeling that you understand and share another person's experiences and emotions, the ability to share someone else's feelings. Absorbing the feeling of others.

It may sometimes take a lifetime to understand why we feel the way we feel around others or especially in a crowd of people. Why are we sad consistently when near certain people, why we are filled with anxiety with others, why do we make bad decisions while around certain others? If you sometimes prefer to be alone rather than be in a crowded environment or be somewhere in nature and solitude as much as possible, you may very well be an Empath and not even realize the gift you possess.

Most people when trying to figure out why certain emotions seem out of their control while surrounded by certain people, go through a plethora of reasons why these events occur, never checking into the option of being an empath. Some consider being an empath equal to a disease or affliction. This can be true if you do not realize the power that is inside of you waiting to be polished and serve you well throughout your life. Empaths hold many traits such all-knowing or intuition and tapping into and understanding this may allow you to be a self-healer and or the ability to heal others.

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The challenge to thriving as an empath is to be able to zero in as to what type of empath you are. Rather than being overwhelmed by absorbing others emotions or traits you can learn to block the negativity and become a master of your own emotions, with that ability to heal yourself and others. An amazing positive for anyone willing to manifest and become the type of empath that they may be.

1| Identify what type of empath exists in you.
2| Develop and own the traits you possess.
3| Learn to block the events that are not productive.
4| Manifest the inner healer that exists inside of you.

Types of empaths:

Telepathy – the empathic ability to read people’s thoughts

Mediumship – the empathic ability to feel the presence and energies of spirits

Physical Healing – the empathic ability to feel other people’s physical symptoms in your own body (and often the ability to heal, transform or transmute them)

Emotional Healing – the empathic ability to feel another person’s emotions

Animal Communication – the empathic ability to hear, feel and communicate with animals

Nature – the empathic ability to read, feel and communicate with nature and with plants

Geomancy – the empathic ability to read the energy of places and of the land – geomancers can feel the energies of the Earth, such as Ley lines. They can also get headaches, pain or anxiety before earthquakes or other disasters occur anywhere on the planet.

Precognition – the empathic ability to feel when something important is about to happen (often this can be a feeling of inexplicable dread or doom)

Claircognizance or Knowing – the empathic ability to feel what needs to be done in any given circumstance, often accompanied by a feeling of peace and calm, even in the midst of a crisis.

All of these types of empaths have benefits for the healer once properly attuned to their type. Knowing and trusting your intuitiveness is one of the many keys to discovering your inner healer.


It’s a Sign is a compilation of self-improvement articles written by entrepreneurs seeking to bring holistic solutions to everyday problems. Read more articles from this feature.


John Scardina is Holistic Health Consultant, Reiki Master/Teacher that works on manifesting the inner healer in the individual. “My Thriving as an Empath” program allows you determine the type of empath you are, understand and manifest this power within you. This program aligns you with the empath that you are in order to allow you master or own the benefits of being an empath. Learn more about "My Thriving as an Empath" here.

ABOUT ANGEL

Angel Quintana

Angel Quintana is the founder of Holistic Fashionista, an alchemical herbalist and mystery school teacher based in Saint Petersburg, Florida. She's incredibly passionate about the alchemical process known as The Great Work and helping others evolve "the archetypes" found in their inner world, so they can confidently answer the questions: WHO AM I and WHY AM I HERE. Learn more about Angel's work at www.theoccultchateau.com


DISCLAIMER

The information on this website is presented for educational purposes only. It is not intended as a substitute for the diagnosis, treatment, or advice of a qualified, licensed medical professional. The facts presented are offered as information only, not medical advice, and in no way should anyone infer that we are practicing medicine. Seek the advice of a medical professional for proper application of this material to any specific situation.

3 Quick Tips to Making Your Big, Glamorous Dreams Come True in Your 30s

3 QUICK TIPS TO MAKING YOUR BIG,
GLAMOROUS DREAMS COME TRUE IN YOUR 30s

Making Your Dreams Come True

Making Your Dreams Come True

Article by Keisha Shields
Photo Credit: Dasha & Mari
Magazine: Issue #29

Overachievers this is especially for you. So, you know those big, glamourous dreams that you’ve been secretly (or not-so-secretly) keeping from most of the people around you? You know, the idea that one day maybe you could own or have access to a private jet, or homes on multiple coasts, or being able to write out six-figure checks to the charities that you adore the most, or maybe all of those (I’m not alone in this, right?) plus many, many more. How about the big, glamorous dream you have of running a mega-successful brand (or two, or three) where you have so much time freedom, where you can choose what you want to do during your days, where you could take extended vacations or staycations with the ones you love?

So often we spend our 20s and the early part of our 30s beating ourselves up for not accomplishing more. More, more, more. The issue with this is that you need to be sure that you’re celebrating the goals that you are accomplishing while you’re on your way to making the bigger dreams happen.

Here are 3 quick tips to making your big, glamourous dreams come true in your 30s.

Quick tip #1: Consider whether or not reinventing yourself would be a fabulous thing for you to do!

So what do I mean by this? Pick one of your big, glamourous dreams (hmm, rather than BHAGs maybe we should focus on BGDs –big glamourous dreams) and evaluate whether or not who you are showing up as in this world is the person that would be able to bring that dream to life.

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Quick tip #2:  Feed one dream at a time.

Eek! Ok, so before you overachievers break out into hives or sweats, let me explain. Feeding one dream at a time is all about you deciding which dream is a priority for you right now. This doesn’t mean you can only work on one dream at a time (heck, that would be so tough for someone like me) it just means that there is one dream that needs to be a strategic focus. Your deadlines, your milestones, your celebrations need to be mapped out so that you can track how close you are to making it your reality.

Quick tip #3: So what if it doesn’t come true in your 30s.

Yes, that’s a complete statement, rather than a question. When we have big, glamourous dreams (BGDs) they can often be the dreams that might necessitate long-term planning at this phase in your life. That’s ok. Some people might be able to cash in on their investments and make their BGD happen more quickly and someone else may need several years for that same BGD to come true. Guess what? That’s perfectly ok! Your journey belongs to you and after all, it is a journey. That means let’s enjoy the process of imagining, and feeling how amazing and glam we’re going to feel when the BGDs are what we are living.


It’s a Sign is a compilation of self-improvement articles written by entrepreneurs seeking to bring holistic solutions to everyday problems. Read more articles from this feature.


Keisha Shields is a luxury brand ambassadrice and reinvention dreams & glam mentor at Pink Label International for amazing women with big dreams. Her mission is to help as many women as she can (including herself) to explore and find out what all they are capable of doing in this world so they can live life in a big way. Ready to unleash and share some of your big, glamourous dreams? Realize that reinventing yourself might be a fun and fabulous way to stick with your BGD goals?  Register for Pink Label International’s free Reinvention Glam Guide for Brainy Girls with Big Dreams

ABOUT ANGEL

Angel Quintana

Angel Quintana is the founder of Holistic Fashionista, an alchemical herbalist and mystery school teacher based in Saint Petersburg, Florida. She's incredibly passionate about the alchemical process known as The Great Work and helping others evolve "the archetypes" found in their inner world, so they can confidently answer the questions: WHO AM I and WHY AM I HERE. Learn more about Angel's work at www.theoccultchateau.com


DISCLAIMER

The information on this website is presented for educational purposes only. It is not intended as a substitute for the diagnosis, treatment, or advice of a qualified, licensed medical professional. The facts presented are offered as information only, not medical advice, and in no way should anyone infer that we are practicing medicine. Seek the advice of a medical professional for proper application of this material to any specific situation.

How To Prevent Being Audited in 3 Easy Steps

HOW TO PREVENT BEING AUDITED IN 3 EASY STEPS

Article by Kathia V. Toraño, CPA
Photo Credit: Dasha & Mari
Magazine: Issue #29

How To Prevent Being Audited

How To Prevent Being Audited

The possibility of a tax audit haunts most business owners and keeps them up at night. The good news is that the IRS audits approximately 1% of all returns every year and the probability of being audited is actually quite slim. The not so good news is that you still need to be prepared and in this case, prevention truly is the best medicine.

Have no fear. Below you will find three easy steps to turn your business nightmare into your favorite bedtime story. 

Step 1: Maintain Good Record-Keeping

Good record-keeping begins with properly separating your business from your personal life. Most of us will be diligent enough to open a separate business checking account and perhaps also a business credit account. However, it seems that as life goes on and the bills come our way, we continue to pay for business expenses out of our personal accounts (missing out on possible business tax deductions) or pay for personal expenses out of our business accounts (distorting the true financial picture of your business and unintentionally claiming false tax deductions).

Reporting higher than average deductions is a red flag for the IRS, as is reporting income higher than $200K. In no way is this meant to discourage you from making the big bucks and deducting all the business expenses that you are entitled to. On the contrary, make sure that your expenses are properly classified into the accounts that they correspond to and that you have properly documented bills, receipts, and account statements to support your deductions.

Step 2: Double-Check for Accuracy

It is no secret that reviewing your tax returns before signing them is something you rarely do. This task certainly falls into “the boring stuff” side of the business. After all, your tax preparer is a professional and so whatever they choose to report seems to be good with you. Until, of course, the IRS comes knocking at your door. 

The truth is that management is always responsible and you should certainly compare the amounts reported on your tax returns to your financials. Ideally, your tax preparer will walk you through the return and explain what the numbers mean. Embrace the opportunity and ask questions. 

Also, remember back in school when the teacher used to remind us to write our names on all the exams, quizzes, and homework? Do it. Make sure to review your name, address, social security number, date of birth, and other identification data at the top of each tax return. You may be surprised by what you find.

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I emphasize that you review your returns for accuracy, but no matter how much we double-check our work, typos do happen. Depending on where that typo is located, the IRS will contact you for additional information. Simply prepare a report or written explanation as necessary and return promptly to the address provided along with a copy of the original notice you received. Continue with timely follow up until the matter is closed. 

Remember, the IRS only communicates by mail correspondence. Any other type of communication is most likely fraudulent. For instructions on how to handle suspicious IRS-related communication, go to http://www.irs.gov/uac/Report-Phishing.

Step 3: Lead with Transparency and Honesty

In the words of Billy Joel, “honesty is such a lonely word… but mostly what I need from you”. Well, both the IRS and I share Billy’s feelings. 

After having maintained good record-keeping and double-checking for accuracy, your tax returns and financials may still draw questions when reviewed by someone who is not familiar with your business. It might be the outrageously big bucks you made throughout the year or a series of expenses that are specialized for your business. Whatever the case, be sure to lead with transparency and honesty.  

Already, the IRS requests that certain amounts reported on your tax returns be accompanied by additional information, listed in the form of “schedules” at the end of your return. If you feel that an additional explanation is necessary at some point, even though not required by the IRS, discuss with your tax preparer and include along with the other schedules. 

As we wrap up, I’d like to remind you that you are not alone. If you are a creative creature and the thought of managing the financial side of your business seems overwhelming… Well, thank goodness because it means that people like me will still have a job! Jokes aside, find a trusted financial partner – interview as many of them as you need to – and begin to face your financial situation head-on. 

Your financial peace-of-mind is just around the corner.


It’s a Sign is a compilation of self-improvement articles written by entrepreneurs seeking to bring holistic solutions to everyday problems. Read more articles from this feature.


Kathia V. Toraño is a CPA and founder of Noble Lion Financial, where she provides business consulting to passionate entrepreneurs. Visit www.NobleLionFinancial.com today and begin taking control over the finances of your business. Don’t wait. Start now by Separating Your Business and Personal Finances in 5 Easy Steps.

ABOUT ANGEL

Angel Quintana

Angel Quintana is the founder of Holistic Fashionista, an alchemical herbalist and mystery school teacher based in Saint Petersburg, Florida. She's incredibly passionate about the alchemical process known as The Great Work and helping others evolve "the archetypes" found in their inner world, so they can confidently answer the questions: WHO AM I and WHY AM I HERE. Learn more about Angel's work at www.theoccultchateau.com


DISCLAIMER

The information on this website is presented for educational purposes only. It is not intended as a substitute for the diagnosis, treatment, or advice of a qualified, licensed medical professional. The facts presented are offered as information only, not medical advice, and in no way should anyone infer that we are practicing medicine. Seek the advice of a medical professional for proper application of this material to any specific situation.