Tax & Financial Foundations for Entrepreneurs

Summary

Running a business means wearing a lot of hats — but your financial foundation is one you can’t afford to overlook. In this session, financial planner and tax advisor Austin Preece, of Preece Financial, will break down the essentials every entrepreneur needs to understand to stay compliant, profitable, and prepared for growth.

From choosing the right business entity (LLC, S Corp, or otherwise) to mastering bookkeeping basics, understanding deductible expenses, and staying ahead of new tax law changes, you’ll walk away with clear, actionable insights you can apply immediately. Austin will also share financial planning strategies tailored to business owners — helping you make smart decisions today that set you up for long-term success.

Whether you’re just starting out or refining your operations, this session will help you build confidence and clarity around your business finances.

Participants will learn how to:

1. Identify the key differences between business entity types (LLC, S Corp, sole proprietorship, etc.) and their tax implications.
2. Establish simple but effective bookkeeping practices to stay organized year-round.
3. Avoid common misconceptions about what qualifies as a deductible business expense.
4. Understand recent federal tax law changes and how they affect small business owners.
5. Integrate tax planning into their overall financial strategy as entrepreneurs.