Episode 18: Steps to Doing Accounting Right in your Business

BUSINESS BUILDING BY DESIGN -Time Management, Starting a Small business, Women Entrepreneurship, Small Business Solutions, Women in Small Business, Mentorship for Women, Coaching

Are you asking yourself; "Do I need an accountant in my small business?" How do I keep track of all of my finances? Then today's episode is for you! I interview my accountant, Stacey Mitchell, and she shares some steps and tips for accounting in your small business.

Here are the take a ways from today’s show:

1. Decide what type of entity you need to be.
   1. Sole Owner
   2. LLC
   3. S Corp
   4. Partnership
   5. C Corp
2. Decide your company name and set up your EIN with the Secretary of State.
3. Determine if you will have employees or charge Sales Tax.
4. Find an accountant that fits your needs. Build a team of people you can trust.
5. Keep book keeping simple and inexpensive.

An accountant should be someone that you can reach out to at any time during the year. Build a relationship with your accountant and make sure they’re a good fit for you and your business.

I look forward to chatting with you again. If you would like to hear more of our adventures and grow your business with us then be sure to follow or subscribe to this podcast Business Building by Design with Emily Janzen McGrath.

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All my Love,

Emily