Build to Enough

If you’ve seen Little Fish Accounting out in the world or on the internet, you know how seriously we take compliance and advisory. 

Our entire firm is built and based around the idea that compliance and advisory make up the most important pieces of your financial strategy. But what does it mean?

In today’s episode, I explain exactly what compliance and advisory mean individually while helping you understand why your business needs it. I share examples and instances of how compliance can show up in certain functions, like payroll or on your financial statements. I also explain why being so focused on compliance and failing to seek advisory services is the number one issue I see business owners make.

If you want to level up your finances to make better, more strategic business moves, then this episode is for you.

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

Understanding the different categories that make up your chart of accounts will help you make better and more informed financial decisions in your business. That is why in today’s episode, I’m defining what a chart of accounts is. More specifically, I’m breaking down the different categories you can expect to see on your chart of accounts.

From the three main categories of your balance sheet and what each of them means to how to read and categorize your profit and loss statement. This episode is a must-listen for business owners and freelancers who feel like their accounts are all over the place. Get a pen and paper ready, and tune in!

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

Hello, hello! Welcome back to Fish Food, the podcast for entrepreneurs that are building companies that grow into thriving businesses. We aim to provide accounting/business tips in 20 minutes or less!

Delegation is a skill any entrepreneur needs to have. While your business may be small, it can be overly ambitious to take on every task. Knowing who to delegate to and when to delegate is a critical element to ensure your business is firing on all cylinders and reaching its full potential This is especially true with your finances. Constructing a financial team to help with your business affairs is something that should be at the forefront of every entrepreneur's mind. It can be tempting to take on this task as a small business owner. But cutting costs in this regard may come back to harm you in the long run.

Today, we are going to focus on how to create this term and why delegating this responsibility is vital to your business’s vitality. We hone in on why it’s dangerous to try to handle your finances alone, prioritizing tracking business expenses, debunking myths regarding the IRS and taxes, as well as where to find resources to help you with your financial strategy. This is definitely an important episode for business owners that are looking to prioritize their financial obligations.

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

Navigating the world of finances is overwhelming, especially as an entrepreneur or freelancer. In today’s episode, I’m giving you some quick tips on what you need to know about bookkeeping, reviewing financial reports, and tax repair so that you can take better charge of your finances.

Good bookkeeping is so much more than logging your income and expenses. At its core, it is the foundation of all your reports from which the financial strategy and goals for your business are built. That’s why I’m walking you through an overviewing of the tasks that go into bookkeeping. Then, I explain what financial reports are and the three things you need to do (and keep in mind) when you review them.

Last but not least, I discuss the importance of good bookkeeping and how bookkeeping and tax repair intertwine and impact one another. This episode will help you understand why bookkeeping alone isn’t enough so that you can take charge of your finances and grow your business with peace of mind.

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

Welcome back to another episode of Fish Food, the podcast for entrepreneurs building companies that grow into thriving businesses. We aim to provide accounting/business tips in 20 minutes or less! Managing your expenses is a major part of life as an entrepreneur. Since you are the boss, the bottom line falls on you. Every financial decision you make plays a huge part in staying afloat. Understanding how to handle your revenue and expenses can make or break your business. Part of this involves cutting costs.

Cutting costs may not be the most popular thing to consider when managing your business, but it’s necessary. Knowing where every dollar is going, whether it be on supplies, marketing, or staffing, adds up. Thus, keeping a close eye on what’s going out is just as important as what’s coming in.

Today, we will dive into the right way to manage and cut expenses. We discuss the need to remove personal expenses from your budget, the differences between various expenses and costs, and how to manage staffing needs with an eye toward the balance sheet.  This is a must-listen for anyone who is auditing their business's finances. Great tips on how to get started! Thanks for listening! 

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

Past Episodes: 

• Build: Moving Beyond DIY Accounting

Find us online:

• Instagram:www.instagram.com/littlefishaccounting
• Facebook: www.facebook.com/littlefishacctg

Connect with Keila!
LinkedIn
www.krht.co

Welcome back to another episode of Fish Food, the podcast for entrepreneurs that are building companies that grow into thriving businesses. We aim to provide accounting/business tips in 20 minutes or less!  As a small business owner, it can be natural to use personal funds for business (and vice versa). Even though you are a small business, creating separate accounts for business and personal matters is critical to protecting yourself, your business, and any assets you have.

Today, we are going to go over a few key tips on why creating this separation is so important. Building this infrastructure can play a major role in your business's vitality. We discuss the reasons why you should have separate accounts, debunking common LLC myths, and the steps you should take if you need help getting started. This is a great listen for anyone looking to set their business (and themselves) up for financial success. Thanks for listening!

Check out these resources 

• 3 Steps to Setup a Business Bank Account
• 4 Common Errors that Small Businesses Make & How to Avoid Them

Past Episodes: 

• Build: Moving Beyond DIY Accounting

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

As an entrepreneur, your pricing strategy is a primary factor in determining the success of your business. Your time, level of expertise, and infrastructure make you more efficient at what you do and your prices should reflect that. On this episode, we discuss how charging for the experience is a way to optimize your earnings while also allowing you to serve your clients better.

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

Being an entrepreneur can be terrifying when the world is more uncertain than usual. There are so many rumors (and recent truths) about a new direction for our country and the citizens living in it, and it can be hard to believe in the future of our businesses and dreams when we are facing so much fear. 

But there are ways that we can better prepare ourselves for potential pivots or downturns so that we're not completely caught off guard. 

In today's episode, we're talking about how to prepare financially when we don't know what's coming, and  ways that I take time to assess where we are and what I can control, in order to take the best next steps towards continuing my own personal and professional growth.

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

We all have a "how it started / how it's going story", and Little Fish is no different. Beginning as a solopreneur, to a team of a couple of contractors, and now today, a team of FT and PT employees, we've had ups, downs, and in-betweens as we created then grew a different kind of CPA firm. 

In this episode, we talk about:

• How I thought I would get out of accounting as a career
• Stumbles when first hiring team members
• How our founding mission guides us today.

If you've ever wondered how Little Fish got here from our humble beginnings, this episode takes you from my college days (with multiple majors, no less) to a stint with the Feds, all the way to unexpected entrepreneurship.

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

As an entrepreneur, outsourcing is an important step that allows you to focus on growing and achieving your business goals. Think about how much time you could get back if you could offload some tasks off your plate. On this episode we discuss how not hiring could be holding you back and best practices to keep in mind as you look to expand your team.

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