Looking for tips, insights, and support with all your accounting needs? Then head over to the Little Fish Resource Library ! If you're ready to outsource your Accounting and/or Tax prep needs go to www.littlefishaccounting.com Find us online: Instagram: www.instagram.com/littlefishaccounting Facebook: www.facebook.com/littlefishacctg Connect with Keila! LinkedIn www.krht.co...
Is bookkeeping something that can be done by anyone or should it be left to the accounting professionals? Good bookkeeping helps business owners accurately track their company’s performance to make good, strategic decisions for their business. This means it’s important to get a good idea of your income and expenses to decide what’s next. For those who want to know the difference, check out our podcast titled What's The Difference Between an Accountant and a Bookkeeper? where we discuss key diffe...
*Updated version! As your business grows, it is important to ensure that all transactions are being properly tracked. In fact, businesses that use cloud accounting systems have five times more customers than businesses that don’t. Cloud accounting is the best way to go when it comes to managing your business because it allows you to track financial activity occurring within your business accounts without the headache of doing it manually. If you want to start managing your money with a cloud acc...
You may have heard that filing as an S Corp is a great way to structure your business, or that you need to set up an S Corp because you want favorable tax treatment. Find out in this episode if that’s true for your business. For those who want to know when to start thinking about an S Corp and where to begin, check out our podcast titled What The Heck is an S-CORP? where we discuss what to do if you’re interested and how it will affect your taxes at the end of the year. Looking for tips, insight...
Let’s talk about tax deductions. There is a lot of misinformation on the Internet that could have serious implications. Don’t worry, we’ve got you covered and will be discussing what qualifies as an approved expense to avoid conflict with the IRS. Need to know where to start? Looking for tips, insights, and support with all your accounting needs? Then head over to the Little Fish Resource Library ! If you're ready to outsource your Accounting and/or Tax prep needs go to www.littlefishaccounting....
As an entrepreneur, it’s important to have a plan for your taxes year-round so you’re not surprised with a big bill at tax time. The key to avoiding surprises is to keep up with your bookkeeping and manage your quarterly tax payments. Looking for tips, insights, and support with all your accounting needs? Then head over to the Little Fish Resource Library ! If you're ready to outsource your Accounting and/or Tax prep needs go to www.littlefishaccounting.com Find us online: Instagram: www.instagr...
If you’re doing our job, who’s doing your job? This week we discuss what’s in store for your businesses once you reach a phase of growth. This may be the point that you decide to enlist professional help. Some questions you should be considering: * What does an S-Corp tax status look like for my business? * How am I tracking against my budget? * How do I make sure my business is growing efficiently? Looking for tips, insights, and support with all your accounting needs? Then head over to the Lit...
Once your business becomes more established, you’re going to want to start transitioning from DIY for some accounting tasks to free up time for yourself. It can be challenging to identify what those tasks should be and when is the best time to make that change. In this episode Keila breaks down the attributes of businesses that fall into the ‘Build’ phase of the entrepreneur journey and what they should be paying attention to. We highly recommend transitioning to a cloud accounting software plat...
Being a new entrepreneur can be scary and overwhelming, especially when it comes to tracking your business finances. But there are a few simple steps you can take to establish a solid accounting foundation which will make preparing for your tax filing a breeze. If you’re looking for guidance to ensure you are setting things up properly from the start, this episode is for you. Need more? Our team has put together a free resource library to save you valuable time and energy in your business! Ready...
In this episode Keila breaks down changes we’ve made to the Little Fish Accounting business model to better serve entrepreneurs, including those who aren’t quite ready to sign up for service. Whether you’re just getting started, are working on actively building your business or are focusing on long-term growth, we’ve got something for everyone. Need more? Our team has put together a free resource library to save you valuable time and energy in your business! Ready to get started with Quickbooks?...
We are working on new podcast content that will be releasing soon! In the meantime we prepared this bonus episode as an invitation for you to sign up for our Tax Prep Suite service. If you're struggling with keeping up with quarterly taxes and tax time causes you anxiety, this service is for you. We take care of all your tax needs throughout the year. We are accepting new clients through the end of the year but early bird pricing is only good through the end of October 2020 (a savings of $1,500)...
She breaks down business entity types and what it takes to run each one in DC, and what benefits each one carries. As a pro bono service provider, Christine and her organization hold education at a high level. They want the people they serve to feel equipped to make informed decisions for their businesses. “Do everything right from the beginning, understand what you’re doing, and plan for when things go wrong” so that you’re setting yourself up for success from the beginning. Best practices make...
Today we sit down with friend of the show, and HR Heroine, Tiffany Williams, to talk about how she managed to marry her love for art and graphic design with her passion for writing. Tiffany is the Career Cultivation Enthusiast behind Pitch , a resume, ghost writing, and notary service provider based in Atlanta, GA. She’s a master wordsmith with a passion for preparing working professionals to present themselves in the best light possible. Tiffany aims to equip her clients with everything they ne...
Are you in a space where you know your business is evolving, but you’re getting leads that no longer align with that trajectory? Then this conversation is for you! Kat and the crew want to help you uncover your brand’s true purpose and attract a new caliber of clientele. “I want Afternoon Culture to be that place that people come to once they’ve had their ‘Aha’ moment and are ready to pivot.” - Kat Araujo Need more? Our team has put together a free resource library to save you valuable time and ...
Takia McClendon is a running coach, personal trainer, and activist on a mission to debunk diet and fitness myths. As co-founder of City Fit Girls, a Philadelphia-based fitness and running community that aims to empower people to get moving on their own, Takia is constantly seeking ways to use running as an act of resistance for people who don’t have access to boutique studios and other pricey fitness resources. Traditionally, the face of running in this country is white and skinny. City Fit Girl...
So, you’ve reached the point in your entrepreneurial journey where you need help to function effectively. You find the perfect candidates, offer them the job, onboard them and they’re ready to get to work...and get paid. This week we discuss the two classifications of people who do work for you - independent contractors and employees. It is in the best interest of the employer to keep as many contractors on their team as they can. Employees tend to be more expensive, as they’re eligible for bene...
In our current social climate, the conversation around advocacy and allyship are on-trend across professional and personal spaces alike. At some point, most of us have probably had to carry the burden of serving as the BIPOC spokesperson to people in our network who say, “I want to support, but don’t know what I can do”. Well, diversity and inclusion strategist, Amber Cabral, has literally written the book on what to do. Allies and Advocates: Creating an Inclusive and Equitable Culture provides ...
In the age of COVID-19, many people are taking advantage of a slower-paced world by finding opportunities to grow their businesses. As a result, some have transitioned to a place where they may need to hire help and are seeking guidance on how to appropriately pay the people doing work for them. If you’re one of those people, do you know what payroll really means? If you’ve asked questions such as, ‘What is payroll? How and who can I pay? When do I pay myself? What about state and federal withho...
“So Keila, what’s the difference between an accountant and a bookkeeper, and which one do I actually need?” This is a question that I’m asked almost every day both on and offline and since both accounting and bookkeeping play important roles in maintaining pristine financial records, we’ll be breaking it all down in this week’s episode and learning: The job functions and differences of both accountants and bookkeepers. What questions to ask your bookkeeper and/or accountant to fully understand h...
Contrary to popular opinion, Millennials aren't the only ones doing side work and following their dreams, Baby Boomers are emerging as entrepreneurial spirits as well! This week, we get to hear from Generation X firsthand through a reluctant representative -- my mom. As a Program Analyst for the CDC she has a deep passion for African American genealogy research and shares: • Her experience discovering her passion • How to create opportunities to monetize it • The sometimes harsh realities that c...
To make the best strategic decision for your accounting needs, you need to understand the differences between accrual and cash accounting and how your choice may affect how you file your taxes. While the biggest difference may be easy to understand — deciding when to recognize income and expenses — there are other nuances that need a bit more explaining. So, in this episode, we discuss: • The difference between cash accounting and accrual accounting. • How each type of accounting recognizes reve...
If you’ve been tuning into our podcast for awhile or hanging out with us on Instagram, you’re not surprised when we say this: You should be charging more for your goods and services. Yes, you! When you undercharge for your service or product, you’re not only sending a clear message to existing and potential clients and customers about your value, you’re also telling them how to perceive your worth as well. But this decision to undersell yourself doesn’t just affect you and your business, but oth...
Entrepreneurs are no strangers to isolation — we often work alone and make most of our decisions by ourselves. And while we’re used to going at things solo, it doesn’t mean we thrive in that environment. That’s why we’re so excited to get to know and introduce you to people who are making moves to not only grow their businesses, but working to grow the community of entrepreneur networks. Meet Stephen Miller, co-founder of Locale. Locale hosts pop-up co-working days in non-traditional spaces in N...
The past quarter of the year has been unlike anything we ever anticipated for our businesses. The pandemic has introduced a new level of complexities to our ventures, but thankfully, state and federal agencies have been aiming to help businesses like yours navigate the change in sales numbers. For those of you who are running the show solo as sole proprietors, you may have taken advantage of the Paycheck Protection Program. You probably also have some questions about it. Well, we’re here to answ...
There’s a gap in society — those who were taught financial literacy early on, and those who weren’t. We feel like we should be managing our finances well, but we don’t know the first place to start. As a result, this lack of knowledge is a pain point for many, leading to shame, feeling overwhelmed, and guilt. Because we know so many of us struggle with these feelings on a daily basis in our businesses, it’s nice to have someone on the podcast who understands. Meet financial coach, Keina, founder...
So, you’ve made the leap and you’ve decided the world needs your product or service. Congratulations! We’re so proud to support you on this journey — it’s both rewarding and incredibly challenging, at times. As a way to support you, welcome to the Accounting for Entrepreneurs Workshop, which will help you understand and set up your business’s personal accounting. During this workshop, you’ll learn: • Why accounting is necessary to your business. • How to properly report your finances. • The diff...
Because of the uncertain times we’re living in and the accompanied chaos it brings, it’s likely everything in work and life feels a little off balance. As we’re all trying to define what normal in this season looks like for us, it’s important to stay on top of the things we can control. That’s why I’m so glad to have Tiffany, the founder of Pitch HR, join us on today’s episode. Pitch HR specializes in helping clients make great first impressions through résumé assessments and adjustments. Whethe...
Whether you’re selling your homemade goods from the trunk of your car or if you’re five years into your LLC, knowing how to pay yourself is one of the most-asked questions entrepreneurs have. And on today’s episode of the Fish Food podcast, we’ve got answers!You’ll want to tune into this episode if: • You’ve ever wondered the difference between a sole proprietorship, a partnership, an LLC, and an S corporation. • You have a difficult time deciding whether or not classifying your business as an S...
Ticora is founder and chief esquire officer of The Creator’s Law Firm, a boutique firm that specializes in helping people protect their creative work, products, and business names. Not only is she dropping invaluable knowledge about how to strengthen your business, she also dives into how she got her start in entrepreneurship, how she overcame her fear of starting something new, and what she’s working on now. On this episode, we’re discussing: The gift of doubt from others. The difference betwee...
Any time a small business launches and not only survives, but thrives, it’s a pretty big deal. It’s been two years of hard work, a lot of effort, and even a few tears. So, today Little Fish’s founder, Keila Hill-Trawick, is taking a trip down Memory Lane where she shares: Three reasons why she’s celebrating her small business. Her work history and background. What it was like to quit her full-time job in exchange for the scary world of entrepreneurship. Need more? Our team has put together a fre...
