Whoever said, “Don’t judge a book by its cover” probably never had to deal with the IRS. In the world of entrepreneurship, your books are your cover. And if they are messy, you might as well be waving a red flag at Uncle Sam while juggling flaming tax forms.
Now, I get it. You didn’t start your business to become an accountant (unless you’re an accounting firm, in which case, kudos to you). You started your business to do what you love, not to spend your evenings hunched over spreadsheets, squinting at numbers until they blur into a meaningless mush. But here’s the thing. Your books? They’re kind of a big deal.
Let me share with you a tale that will send chills down your entrepreneurial spine. Once upon a time, there was a bright-eyed business owner who thought he could manage his own books. Fast forward to a year later, and our hero found himself facing an unexpected villain – a $40,000 tax bill, all because of a few innocent mistakes in his accounting software.
This is not a horror story about haunted accounting software. It’s a cautionary tale about the dangers of DIY bookkeeping. Because when it comes to your finances, the mantra “garbage in, garbage out” rings particularly true. A seemingly minor oversight can lead to a major headache (and a lighter wallet) come tax season.
But fear not, dear reader. This tale has a happy ending. With the help of a trusty CPA Firm, our entrepreneur was able to reclaim his $40,000 and set sail on smoother financial seas. The moral of the story? Invest in proper bookkeeping practices from day one. Not only can it save you from costly errors, but it can also free up your time to focus on what truly matters – growing your business.
So, here’s to the power of clean books. To the peace of mind that comes from knowing your finances are in order. To the joy of finding unexpected savings tucked away in the corners of your balance sheet. And most importantly, to the freedom to do what you love, without worrying about Uncle Sam breathing down your neck.
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Donna Bordeaux, CPA with Calculated Moves
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.