Build to Enough

As the end of 2022 approaches, you’ll hear a lot of your favorite influencers share the rush of squeezing in your end-of-year tax spending. This isn’t sound advice, but it’s common because it gives off the impression that it’ll save you in tax deductions. 

In today’s episode, I share why the “spending free” advice is just cash out the door. From what deductions really look like and why they don’t equate to an even dollar-to-dollar amount, I share why you shouldn’t follow the advice to go spend crazy just to fit in a deduction or two. 

This is an important episode, so tune in and listen to why you shouldn’t follow this popular advice and what you should do instead if you’re looking for beneficial and strategic tax deductions.

Past Episodes Mentioned:

Having Business Cash On Hand and Establishing Emergency Funds

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

Tax season is a notoriously stressful time of year. But what if I told you that by doing 3 simple things, you can eliminate the shock, surprise, and strain of it all? 

In this episode, I’m sharing the 3 steps you need to take in order to prepare for taxes throughout the year. This will help you alleviate worry during the already stressful tax season, so you can head into it confidently, knowing exactly what to expect. From why bookkeeping is the foundation to how to manage the contractors you hire, this episode is an incredibly valuable resource for business owners who normally feel overwhelmed by their taxes. 

So tune in, especially if you’re feeling unprepared for the upcoming tax season.
 

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

In today’s episode, we’re discussing taxes. More specifically, we’re reframing your beliefs around taxes by helping you understand why taxes are funds that never belonged to you. 

If you listened to last week’s episode all about having cash on hand, this episode will help you understand why taxes are different from your business cash and how you can better prepare your business to handle them when tax season approaches. 

From how to have better insight on your taxes to why you should hire a professional to handle your taxes as a small business owner, this episode will give you the tools and resources you need to feel better prepared and more equipped to handle your taxes without the stress.

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

A lot of business owners tend to make a clear distinction between their bookkeeper, their accountant, and their tax person. However, it is extremely valuable to have all your accounting and tax functions in one place instead of spreading it across experts. 

This is why in today’s episode, I’m talking all about why small businesses can benefit from a more cohesive accounting and tax support. I share 3 benefits of having all your accounting and tax functions under one roof, from avoiding the hassle of being a middleman between your bookkeeper and tax specialist, to have a more cohesive and comprehensive look at everything regarding your finances. 

So tune in and take notes.

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

Everybody wants to get paid. No one starts a business just so they could avoid receiving money, or worse… chase up on payments constantly. In today’s episode, I’m talking you through everything you need to know in ordered to get paid on a timely basis. The tips I share in this episode are easy to follow and incredibly actionable. 

I share ways in which you can make receiving money very easy just by switching to electronic and online payments. Then, I discuss how you can prepare for additional fees from using these payment systems. From setting up expectations with your clients to avoiding the need to chase them for overdue payments, this episode will provide you will all the tips necessary to make getting paid a breeze.

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

In the previous episode of Fish Food, we discussed how important it is for your business to manage and account for cash flow. 

There will always be peaks and valleys in the seasons of running your small business, which is why in today’s episode, I want to share how you can establish a financial safety net through having business cash on hand and emergency funds. 

I share ways in which you can build a reserve of money available for your business so you can handle current operating needs while preparing a cushion for business dips and pauses. From the accounts you need to establish to keep track of your cash flow to setting appropriate emergency fund goals, this episode is a must for all business owners, no matter where you are on your journey.

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

Making enough income in just one side of the equation. Making enough income at the right moment so that you have the cash on hand to pay your team and vendors is another. However, the latter is key to keeping your company afloat.

That is why in today’s episode, we’re talking about the most common cash flow challenges and what you can do about that. Most of the time, what you have isn’t a bill paying issue. Instead, not being able to categorize and do your bookkeeping is the culprit. In this episode, I’m talking about why bookkeeping is the foundation of everything, how you should think and approach your invoicing, and how to manage your accounts payable and team payments. We also discuss the importance of planning a budget that covers your expenses, and how to keep track of the cash you have at hand.

This is a quick and easily digestible episode that’ll help you build your business’s finances on solid footing, so tune in and take notes!

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

Raising prices for your services can feel scary, but it's often necessary as your business grows and evolves. But how do you if it's time to raise your prices?

As your business grows and your costs increase, you may find that you need to raise your prices. This can be a scary proposition, but it's often necessary in order to keep your business afloat. By doing some research and understanding your options, you can make sure that you raise your prices in a way that won't hurt your business or alienate your customers.

In this week's episode, Keila dives into five factors to consider to optimize your pricing strategy while keeping the needs of your business in mind. Tune in as she breakdown the five elements for developing a pricing strategy.

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

Building a consistent and trusting relationship with your financial manager or accountant is a game-changer. In today’s short and sweet episode, I’m reframing how you think about your relationship with your bookkeeper, financial manager, or accountant.

I discuss what we learned about our clients when we first started Little Fish Accounting and how we discovered that long-term, consistent education alleviates a lot of our client’s fears and uncertainties regarding their finances.

Take a few minutes to tune in to this quick episode and learn how building a trusting relationship with your financial manager can greatly change your mindset around your finances. 

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

Knowing how to review your financial statements is a crucial skill as a business owner. Not only will knowing how to read these numbers help you make empowered decisions, but it’ll help you plan for growth, check-in with your business, and maintain your financials as expected.

In this episode, we’re discussing how to review your balance sheet and what you should be looking for from your average expenses each month and your accounts receivable line. Then we discuss reviewing your P and L, starting with revenue and ending with your expenses. I share why you need to ensure that your line items are giving you the information that you need in order to make important decisions and the importance of running your reports on a consistent basis.

This is a quick episode that’ll help you understand how you should be reviewing your financial statements and what you can do to find the support you need.

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