Make friends with your numbers in this episode with Peter Lang, a CPA who specializes in working with creatives, designers, and online entrepreneurs.
Peter, a 17-year veteran accountant digs into the most common myths and problems he sees in creative making, and how getting a handle on your numbers can do more than just simplify tax time.
Creative Counsel Episode 31
In this episode, you will learn
- When should a creative professional/designer entrepreneur find an accountant? How do you find a good one? What questions should you be asking to see if someone will “get” your business?
- What are some of the challenges in DIY-ing the finances of your business — or DIYing it past a certain point?
- What are the pros and cons of just using accounting software on your own?
- Why is waiting until the 11th hour before the tax deadline a less-than-stellar financial strategy? What are creatives missing out on?
- What are the most common mistakes you see creatives professionals make in handling their finances?
- When is the right time to switch to being taxed as an S-corp — or what questions do you like to walk clients through at that juncture?
- PLUS — Peter’s TOP 3 accounting tips!
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*This blog post is not intended as legal advice. No attorney-client relationship. For informational purposes only.