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 start
• Common mistakes to avoid in bookkeeping, accounting, and payroll
• The difference between generalist and specialist accountants
• When to transition from DIY accounting to hiring a professional
• Handling tax notices and the importance of timely response
• The significance of tax planning and financial planning throughout the year
• Tips on outsourcing payroll and bookkeeping services
• Warning about the risks of misclassifying contractors as employees
• The impact of running a business illegally based on payroll requirements

Mentioned:

Erin's website

Erin's Instagram Account

Erin's LinkedIn Account

Erin's Facebook Account

Erin's Threads Account

Links to Resources:

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