EP180: Why you need an accounting specialist: Practical advice from Erin Andrews

No matter what size or type, every business needs to hire an accountant. One of the best things about hiring an accountant is that they can help you figure out tricky financial issues. Accountants know how to help businesses make smart financial choices, make the most of their tax strategies, and make sure they follow the rules. Businesses in fields with specific financial needs and difficulties can benefit a lot from this kind of knowledge.In this podcast, Erin from Level Accounting and Advisory and Brad talk about:Importance of setting up the right entity structure from the startCommon mistakes to avoid in bookkeeping, accounting, and payrollThe difference between generalist and specialist accountantsWhen to transition from DIY accounting to hiring a professionalHandling tax notices and the importance of timely responseThe significance of tax planning and financial planning throughout the yearTips on outsourcing payroll and bookkeeping servicesWarning about the risks of misclassifying contractors as employeesThe impact of running a business illegally based on payroll requirementsMentioned:Erin's websiteErin's Instagram AccountErin's LinkedIn AccountErin's Facebook AccountErin's Threads AccountLinks to Resources:Get the blueprint to create financial freedom & more free time before burnout or bankruptcy happens.A complete Done-With-You Program - Join the Profit Club Join the Free Facebook Group - The Contractor Profit BlueprintGet Paid for Estimates - Free Sales GuidePlan Your Profits - Profit JournalHelp us get the word out to other contractors by leaving us a review or sharing our podcast! Hosted on Acast. See acast.com/privacy for more information.