EP19 - Countdown To Filing - Year End Tech and Tax Prep For Creatives

EP19 - Countdown To Filing - Year End Tech and Tax Prep For CreativesEssential Tech Tools for Creative Business Tax EfficiencyIn this episode of Let's Get Fiscal, hosted by Anastasia Myiesha and Danielle from Coie Tax, the focus is on the essential tech tools every creative business owner needs for an efficient tax season. They discuss the importance of evaluating and managing subscriptions, accounting software options like QuickBooks, Xero, and Wave, and the benefits of specialized payroll software like Gusto. The hosts also emphasize the necessity of maintaining organized records and being consistent with bookkeeping to ensure compliance and avoid costly errors. They provide practical advice on when to transition bookkeeping tasks to a professional and the value of early preparation. The episode aims to equip business owners with the knowledge to make informed decisions about tech investments, ultimately saving time and money.00:00 Introduction to Tax Season Essentials00:35 Evaluating Business Subscriptions02:05 Importance of Record Keeping02:30 Choosing the Right Accounting Software04:35 Understanding Business Structures and Taxes10:56 The Role of Payroll Systems13:55 Quarterly Filings and Payroll Services14:48 Cost-Effectiveness of Payroll Software17:22 Importance of Documentation18:51 When to Hire an Accountant20:52 Consistency in Bookkeeping24:46 Choosing the Right Software26:20 Final Thoughts and Recommendations🔗 Helpful Links & ResourcesListen on Apple Podcasts: https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448Listen on Spotify: https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11 Watch on YouTube: https://www.youtube.com/@letsgetfiscalpodcast 📬 Got a question for the show?Submit it here: https://www.coterietax.com/qa🎧 Want to listen to more episodes?Catch the latest episodes at: https://www.coterietax.com/podcast📊 Need personalized help with your business finances?