Financial Management – Firestorm Finance

How to Calculate and Record Depreciation for Business Assets

Depreciation can seem complicated, but it’s a crucial concept for managing your business finances. Learn what depreciation is, how it works, and why it matters for your creative business.

How to Read and Understand Financial Statements for Your Creative Business

Financial statements might seem daunting, but they’re essential for understanding the health of your creative business. This guide will help you make sense of them and use the information to your advantage.

Bookkeepers and CPAs: Why You Need Both

Learn why your business thrives best with both a bookkeeper and a CPA or Enrolled Agent by your side, ensuring your financial strategy and daily management are in perfect harmony.

Pros and Cons of Popular Payment Apps for Creative Businesses

Explore the world of third-party payment apps like PayPal, Venmo, CashApp, and Zelle. Learn how they fit into your creative business, and discover their pros and cons to make informed decisions about managing your transactions.

Financial Mastery for Creatives: Leveraging YNAB for Better Budget Control

Today, let’s tackle a subject that might make some of you squirm—a business budget. But fear not, because we’re exploring how to make budgeting straightforward, effective, and yes, even a little fun using the You Need A Budget (YNAB) system. Perfect for anyone who’s ever found themselves mystified by spreadsheets or drowning in receipts. YNAB […]

Avoiding Financial Mix-Ups: Why and How to Separate Your Finances

As a creative entrepreneur, your focus is likely on your art, but what about the art of financial management? Keeping your business and personal finances separate isn’t just a best practice—it’s a necessity that safeguards your creative endeavors. This blog explores the critical reasons why creative professionals like you should maintain distinct financial lanes, from simplifying bookkeeping to avoiding tax headaches and legal pitfalls. Dive into real-life case studies where proper financial separation turned potential chaos into streamlined success, and discover practical steps to protect your financial health while nurturing your creative passion. Join us as we unfold the blueprint to financial clarity and peace of mind, ensuring your creativity thrives without financial strings attached.