In Conversation with Barbara Schreihans of Your Tax Coach

Barbara Schreihans_Blog Header

Describe your business in a few words?

I am the owner of Your Tax Coach, a tax strategy firm. We specialize in saving small business owners thousands of dollars in taxes each year. In 2020, we helped get $4.5 Million back into the hands of our business owner clients.

What made you take the leap to start your own business?

I was tired of working for other accounting firms that weren’t providing the level of customer service, communication, and tax savings that I wanted to.

What was your background prior to starting your own business?

I worked in various sized public accounting firms. Before accounting, I worked in cosmetics and at a state prison – such a wide variety of places!

Did you always know you wanted to be an entrepreneur?

No, it honestly never crossed my mind until my husband was like ‘couldn’t you do all of this on your own?’

Take us back to when you first launched your business, what was your marketing strategy to get the word out and did it go as planned?

I started an Instagram account solely to get tax tips and tricks out there to other business owners. I never ‘sold’, I just shared what I was doing and people quickly became interested.

We always learn the most from our mistakes, share a time with us that you made a mistake or had a challenging time in business and what you learned from it?

I’ve definitely made the mistake of when I have a really busy schedule or stress from the day, I would pitch to people before making a relationship or connection with that person. I’ve realized that people tend to buy from other people so it’s so important to cultivate a relationship first.

What is the accomplishment you are the most proud of to date?

Personally: I was a single mom in college, and I found out that I was pregnant weeks before transferring to my university. I worked my tail off to still graduate on time and go on to graduate with my Masters of Science in Taxation. 

Business-wise: I started my firm on 1/1/2020 in hopes of making $30k to pay off the rest of my debt. I ended up bringing in over a half-million dollars.

How has your business or industry been impacted by the COVID-19 pandemic?

I think the accounting industry has spiked due to the need for COVID-related relief. Some accounting firms have not offered services like this, but I wanted to try and help as many people as possible.

What’s next for your business? What can we expect to see over the next few years?

I want to get into courses. I love talking about money mindset and women investing so I think a few courses on that. I love to travel as well so there may be some retreats where women can all get together and chat about money, investments, tax savings, but also just bond and create connections.

What is the biggest lesson you have learned in 2020?

That nothing is solidified. Be ready for change.

What do you know now that you wish you knew when you were first starting your business?

I wish I knew how to delegate things sooner. It’s still a work in progress but the faster you can delegate tasks to other people, the more you can scale and grow your business.

How have you managed to stay grounded this year?

I read journals, and walk every morning. I try to keep an hour or 2 every morning after the kids go to school and before I start work to just sit and be present.

Do you believe in work/life balance? What are some of your best tips?

I don’t. At least I haven’t found it yet. I think whatever you prioritize will become what you focus on so for me it comes and goes in cycles. I pick one day each weekend to do zero work – no emails, no nothing, and just be with the kids. My husband and I also set 2 hours aside each night from 8 pm-10 pm, after the kids go to bed and talk about our day, our plans, our goals, etc. This time is completely tech-free and these are always where the best conversations happen.

What’s something our audience would be surprised to learn about you?

I got myself out of 6 figures of debt, not the ‘good debt’ like mortgages, instead, it was more like credit cards and student loans. I love helping others get out of debt, fix their money mindset, and build wealth.

What does being an Entreprenista mean to you?

It means being comfortable with being uncomfortable. If you aren’t uncomfortable, then your goals aren’t big enough.

Share it!

Posted in

Leave a Comment

Randi Shinder on how SBLA explores the intersection of science and beauty to create skincare products that address universal aging concerns

Describe your business in a few words? SBLA uses the intersection of science and beauty to create skincare products that address universal aging concerns. The non-invasive wand-delivery-system skincare line is clinically proven to build collagen, smooth, lift and tighten the skin while targeting the most fragile areas of the face and neck to deliver a…

How Heather Ouida and her co-founders are amplifying women’s voices in the gaming industry through the*gameHERs

Describe your business in a few words? The*gameHERs is a media platform and social networking community that connects, supports and amplifies women who game and who work in the gaming industry. Our mission is to advance the role, voice, image, and power of all women, femme-identifying and non-binary gamers who are comfortable in spaces that…

Creating a smarter swaddle with Hindi Zeidman through her company The Ollie World

Describe your business in a few words? It all started with an amazing infant named Oliver. I was a single foster parent and he was my foster son. When he came to me he was on the verge of being labeled failure-to-thrive because he struggled with the basics of eating and sleeping. He was also…

Jen Fuller on how Etta Loves delivers both babies’ cognitive development and calmness for parents through uniquely-designed baby products

Describe your business in a few words? Etta Loves baby essentials are uniquely designed with science to support babies’ visual and cognitive development, delivering wonder for babies and calm for parents in the everyday. What made you take the leap to start your own business? I had an idea that I couldn’t ignore when my…

How Jessica Jackson is achieving better sleep for both parents and their babies through The Mookabee Swaddle

Describe your business in a few words? The Mookabee Swaddle is committed to helping babies (and ultimately their parents!) achieve better sleep by utilizing the proven power of a parent’s scent. 10% of all profits are donated to Saving Mothers- a non profit dedicated to improving maternal health worldwide. What made you take the leap…

Stacie Stanley on empowering women through her swimwear brand STAYkini™

Describe your business in a few words? STAYkini™ is a swimwear revolution created to empower women through high-quality, backless, strapless swimwear that lets us move freely and soak up the sun while avoiding unwanted tan lines and accidental exposure. What made you take the leap to start your own business? I had the idea for…

Healing Trauma and Getting In Touch With Your Power with Kimberly Ann Johnson, Author of Call Of The Wild

What made you take the leap to start your own business? I’ve always worked for myself (beside when I waited tables and a brief foray into public school teaching). But I took the leap from a calling to a career when I became a mother. What was your background prior to starting your own business?…

How Nicole Boyd used her maternity leave to create Prept, a personal style and beauty help service delivered to consumers virtually so that everyone can feel Prept

Describe your business in a few words? Prept is an on-demand style + beauty concierge that matches women in need of style/beauty help to experts that can help in an affordable, personalized, and digital way. What made you take the leap to start your own business? Having TIME OFF from my corporate job while on…

Daniela Schiliro & Heather Kamback on co-founding inBodi Swim, a swimwear brand inspired by different places of the world the duo has traveled together

Describe your business in a few words? Each collection of inBodi Swim has been thoughtfully created based on different places around the world that we’ve been fortunate enough to see and experience. Along with the environments, colors, textures, cultures of each place; we are most inspired by the unique beauty that each and every woman…

Women Making Bold Moves In Business

Your next read: Ali Kriegsman, co-founder of Bulletin, has released her debut book How To Build A Goddamn Empire. We can’t wait to check it out!  🎉 An exciting partnership: Rocksbox, founded by Meaghan Rose, was acquired by Signet Jewelers, making their $1B service business goal that much closer. 🎉 Top sellers: The Jills Zeder Group, a women-led…

Jasmine Carter on how her own obsession for engagement rings led her to create Balacia, a custom bridal jewelry brand that allows shoppers to create the engagement and wedding rings of their dreams

Describe your business in a few words? Balacia is a custom bridal jewelry brand allowing shoppers to create the engagement and wedding rings of their dreams within their budget. We use diamonds, moissanite, and gemstones so buyers have endless options for colors, shapes, and sizes for their rings. In addition to rings, we also make…

How Julianne Fraser is creating meaningful dialogues with Dialogue New York, a global digital marketing consultancy that specializes in influencer marketing

Describe your business in a few words? Dialogue New York is a global digital marketing consultancy, that specializes in building influencer marketing strategies for luxury and lifestyle brands. What made you take the leap to start your own business? Over the last decade, I’ve watched as the Wild, Wild West of Influencer Marketing took shape,…

Tiffany Buzzatto on pioneering unbottled, undiluted, and uncomplicated slow beauty with her brand DEW MIGHTY

Describe DEW MIGHTY in a few words? We are pioneering unbottled, undiluted, and uncomplicated slow beauty. We plan to always deliver effective skin care products without fillers, sans water, free of nasty ingredients, and without plastic or trashy packaging to always USE LESS. DEW MORE™ What made you take the leap to start your own…

Molly Fienning on how Red Clay turned her into a hot sauce fanatic and CEO

Describe your business in a few words? Red Clay is a cold-pressed, made-for-foodies hot sauce and hot honey brand, named “Tabasco for the 21st century” by Food and Wine Magazine and “a hot honey to elevate your meal” by The New York Times. Crafted by a talented Southern chef, we focus on delicious flavor, sustainably-sourced…

Jhoanna Marissa, founder of WILLA Creative Agency, on creating her dream women-led digital creative agency in the fashion and lifestyle space

Describe WILLA Creative Agency in a few words? A digital-first creative agency working with beauty, fashion and lifestyle brands. What made you take the leap to start your own business? Not being able to find my dream job. I wanted to work in the digital e-commerce space specifically in beauty and fashion. And back when…