EP19 - Countdown To Filing - Year End Tech and Tax Prep For Creatives

Essential Tech Tools for Creative Business Tax Efficiency

In this episode of Let's Get Fiscal, hosted by Anastasia Myiesha and Danielle from Coie Tax, the focus is on the essential tech tools every creative business owner needs for an efficient tax season. They discuss the importance of evaluating and managing subscriptions, accounting software options like QuickBooks, Xero, and Wave, and the benefits of specialized payroll software like Gusto. The hosts also emphasize the necessity of maintaining organized records and being consistent with bookkeeping to ensure compliance and avoid costly errors. They provide practical advice on when to transition bookkeeping tasks to a professional and the value of early preparation. The episode aims to equip business owners with the knowledge to make informed decisions about tech investments, ultimately saving time and money.

00:00 Introduction to Tax Season Essentials

00:35 Evaluating Business Subscriptions

02:05 Importance of Record Keeping

02:30 Choosing the Right Accounting Software

04:35 Understanding Business Structures and Taxes

10:56 The Role of Payroll Systems

13:55 Quarterly Filings and Payroll Services

14:48 Cost-Effectiveness of Payroll Software

17:22 Importance of Documentation

18:51 When to Hire an Accountant

20:52 Consistency in Bookkeeping

24:46 Choosing the Right Software

26:20 Final Thoughts and Recommendations

🔗 Helpful Links & Resources

Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/lets-get-fiscal/id1831050448

Listen on Spotify: https://open.spotify.com/show/08AjRNfqQJBdG1vPazii4Q?si=fb0379d3bef94f11 

Watch on YouTube: https://www.youtube.com/@letsgetfiscalpodcast 

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