Build to Enough

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 revenue.

• Why choosing between the types of accounting matters to your business.

• Our preferred accounting strategy for your business.

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? Use our referral link.

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

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 others as well. 

On this episode of the podcast, we talk about:

• How undercharging actually takes away from the growth of your business.

• The example you set for your team when you undervalue and undercharge.

• How resentment builds toward your clients, leading to unnecessary conflict.

• How the community suffers when you don’t have the resources or time to reinvest in it.

We know your value and we want you to know it, too. So, if you’ve been on the fence about raising your prices and nervous about how your clients and customers will respond, you’ll definitely want to tune into this episode.

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? Use our referral link.

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

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 New York and Washington, D.C. to connect remote-working entrepreneurs while promoting travel and diversifying work locations.

In today’s interview, we talk about:

• Some common obstacles entrepreneurs face while working remotely.

• The power of pacing yourself in your business.

• Separating the urgent from the important.

• Giving yourself time to think abstractly about your business.

As always, thank you for tuning in to the podcast! If you want to find out more about Locale, you can visit www.localeworkspace.com or find them on Instagram - @localeworkspace. 

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? Use our referral link.

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

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 answer them! In this episode, we talk about:

• How to apply for the Paycheck Protection Program.
• How much you can get from the program.
• What you can spend your PPP money on.
• How to request PPP forgiveness.

Thanks for tuning into this week’s podcast! If you have any questions, feel free to ask them in the comments section or on Instagram — we’re always looking for ways to better serve you.

Related Links:
Schedule C form
PPP forgiveness application

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? Use our referral link.

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

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 of Wealth Over Now. Her target demographic is passionate, single women who need help creating financial goals, saving more money, and stressing less. Using her personal finances knowledge, today on the podcast, we discuss:

How mindful spending is something everyone should practice.
The importance of knowing where and how you spend your money.
Prioritizing what you value instead of going without.
Why Keina prefers “spending plans” instead of “budgets.”
When it’s time for you to secure your own financial coach.

As always, thanks for tuning into our podcast! To find out more information about Keina and Wealth Over Now, visit www.wealthovernow.com or visit her on Instagram - @wealthovernow. 
 

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? Use our referral link.

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

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 difference between various financial reports.
• The importance of keeping your personal and business finances separate.
• Types of taxes and the top challenges business owners face.
• Types of deductible expenses.
• The difference between a payroll employee and a contractor.

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? Use our referral link.

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

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. Whether your job is on hold or you’re still working at your normal pace, it’s important, especially now, to have a certain level of preparedness, even if that means being ready to switch jobs quickly.

On this episode, we’re: 

• Debunking myths on résumé length.
• Discussing how to properly consolidate your résumé.
• Teaching you how to pitch yourself and determine if an employer is a good fit.
• Sharing the best questions to ask during an interview.
• Equipping you on how to best ask and answer questions about compensation.

We hope this episode’s content helps you be prepared for whatever comes next. If you want to learn more about Pitch HR and its services, visit PitchHR.com. Thanks for listening! As always, come chat with us in the comments section or over on Instagram.

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? Use our referral link.

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

We'd love to hear from you! Email us at [email protected]

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 corporation will help you save money on your taxes.

• You don’t quite know how to pay yourself.

• You’d like to understand how the state and federal government view your business and what your taxes will look like.

As always, we’re here to help entrepreneurs just like you. If you have any questions or would like more information about anything related to business, taxes, and the like, go follow us on Instagram to continue the conversation!

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? Use our referral link.

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

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 between a trade secret and a copyright and why one may serve your business better than the other. 
• How to understand what intellectual property is and what it means for your business.
• How procrastination fuels imposter syndrome.
• The common mistakes business owners make with trademarks.

We hope you enjoy today’s podcast! As a bonus, Ticora has given listeners a discount to her online legal toolkit, Breadwinner, using the code ‘Fish.’ Find out more information at https://ticoradavis.com/breadwinner.

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? Use our referral link.

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