Ready to Become a Financially Adjusted Entrepreneur? Dive into One of My Self-paced Courses!

Business Financial Foundations (BFF) for Chiropractors

$197

A step-by-step course that teaches you how to manage your practice finances with confidence.

Inside, you'll learn:

✅How to set up your financial systems correctly

✅How to understand financial statements

✅How to create a business budget

✅How to manage money month-to-month

✅How to plan for taxes

✅How to build ongoing financial habits

👉🏻 The financial course you should've had in school - built to help you run your practice with confidence, not guesswork.

Sample Profit & Loss Statement for Chiropractors

Unsure if the numbers on your Profit & Loss Statement are healthy?

Confused on what financial goals you should set, what a healthy profit margin looks like, and if you're overspending in certain expense categories?

After years of bookkeeping for chiropractors, I came up with this sample P&L that gives a benchmark for you to compare to your own numbers.

Tax Savings Tracker

$7

Stop guessing what you should save for taxes and start tracking it - simply, clearly, and without stress. No more surprises at tax time that you're not prepared for!

The Tax Savings Tracker is a simple, plug-and-play template that helps you:

✅Know what you should save based on actual profit

✅Track what you've already saved

✅Track what you've already paid in estimated taxes

Avoid a big tax bill that you're not prepared for

✅See your total tax savings at a glance

Communicate important info with your tax pro
✅Walk into tax season calm, organized, & confident

The Entrepreneur's Guide to Financial Organization

Ready. Set. Get Organized.

One of the biggest keys to gaining control in your business is organization, especially with your finances.

Use this free guide as your step-by-step action plan for getting organized in your own business.

Step-by-step, I'll show you wehre you need to get organized and how.

Organization ➡️ Control ➡️ Confidence

Financial Coaching Session

$97

Get one-on-one help with your finances - designed to give you clarity and direction with your business finances!

This 1 hour Financial Coaching Session is 100% tailored to you:

✅We can focus on whatever you're struggling with right now

✅You can share your screen via Zoom for hands-on guidance

✅I'll help you identify what to prioritize with your finances
Walk away with clarity & a recording of our session

The Entrepreneur's Guide to Financial Organization

Ready. Set. Get Organized.

One of the biggest keys to gaining control in your business is organization, especially with your finances.

Use this free guide as your step-by-step action plan for getting organized in your own business.

Step-by-step, I'll show you wehre you need to get organized and how.

Organization ➡️ Control ➡️ Confidence

business owner compared to a W2 worker

#5: Working for You vs. Being a W2

May 26, 20263 min read

FINANCIALLY ADJUSTED BLOG POST #5

This post dives into the financial intricacies of running your own business compared to being a W2 employee. Whether you’re considering a side hustle or dreaming of replacing your full-time job with entrepreneurship, understanding the financial differences is crucial.

The Appeal of Entrepreneurship

While some people thrive as W2 employees, enjoying the stability and benefits that come with it, others are drawn to the freedom and potential of entrepreneurship. Many hesitate to take the plunge due to uncertainties about managing the financial aspects of a business. This lack of common knowledge can make the prospect seem daunting.

Key Financial Differences: Taxes and Earnings

Taxes: W2 vs. Entrepreneurship

As a W2 employee, taxes are relatively straightforward. You see deductions from your paycheck and file your tax return annually with a Form 1040. However, as an entrepreneur, you need to be more proactive and involved in tax planning.

Quarterly Estimated Taxes: As a business owner, you must send quarterly estimated federal and state taxes based on your net profit. This starts in your second year of business to avoid penalties and interest.

Payment Dates: Estimated quarterly taxes are due typically on the 15th of January, April, June, and September.

Online Accounts: Set up online accounts with the IRS and your state’s Department of Revenue for easy payments and tracking.

Tax Filings: Your tax filings become a bit more complex:

Sole Proprietors: File a Form 1040 with an additional Schedule C for business earnings.

Partnerships and S-Corps: Require a business tax return (Form 1065 for partnerships and Form 1120S for S-Corps) by March 15th, followed by your personal return by April 15th.

Having a good tax professional can simplify this process, ensuring you stay compliant and avoid unexpected bills at tax time.

Earnings: Stability vs. Potential

W2 jobs offer the comfort of a steady paycheck and benefits, which can simplify budgeting and provide a sense of security. However, this stability often comes with a cap on earnings potential. In contrast, entrepreneurship allows for unlimited earning possibilities.

Budgeting: With an income that stays relatively the same, budgeting can be easier, but your income doesn’t have the potential to go up like with owning your own business.

Earnings Potential: As an entrepreneur, the sky's the limit. With hard work and smart strategies, you can exceed your previous W2 income significantly.

The Importance of Mindset and Education

Starting a business involves facing fears and uncertainties, but with the right mindset and education, it becomes manageable. Educating yourself on financial management for your business can demystify the process and empower you to take control of your entrepreneurial journey.

Overcoming Naysayers

Embarking on an entrepreneurial journey requires tuning out negativity and focusing on your vision. Surround yourself with supportive individuals and resources that encourage your growth.

You’re in charge of your own destiny. With the right knowledge and mindset, you can handle the financial aspects of running your business. Don’t let fear or doubt hold you back from discovering the fulfilling path of entrepreneurship.

Check out my other blog posts for more insights on getting started and managing your finances as a business owner. Equip yourself with the knowledge and confidence to pursue your entrepreneurial dreams. You’ve got this!

W2 vs EntrepreneurshipW2 workerWorking for yourself
Back to Blog

What My Clients Have to Say:

My clients are at the heart of everything I do. In my bookkeeping business (Leading Ledger Bookkeeping) and with Financially Adjusted, my goal is to help Chiropractors & Wellness Practitioners understand their business finances better and gain control of their money. It's no fun being in the dark with finances. I'd be honored to help you get financially adjusted!

Dr. Josh H.

Leslie is truly amazing! She is responsive, professional, and provides personalized services that went above and beyond our expectations over the last year+. We have had several bookkeepers for our business in the past and Leslie is by far the BEST we have ever worked with! I highly, highly recommend her bookkeeping services!

Dr. Stacie B.

Leslie is THE BEST! She has made looking at my business financials so easy. She is quick to respond and has exceeded all expectations! I couldn't imagine running my business without her. I highly, highly recommend her for all your bookkeeping needs.

Dr. Allen M.

Leslie is the best of the best! She will make you feel like tax season is a piece of cake. As a Chiropractic business owner I used to do all my own bookkeeping, and it was always a very stressful thing to do. I always had so many questions and was confused about whether or not I was doing things right. With Leslie, all that stress has gone away and I can trust I am in good hands. She's amazing! Highly recommend!

Dr. Tracey C.

She really has helped me manage my business in a way that gives me confidence as I grow and plan for the future. Highly recommend!

© 2026 Financially Adjusted - All Rights Reserved.