127 - What are the benefits of hiring a CPA?
On this episode, my guest, Biz Money Coach Meg K. Wheeler, discusses the benefits of hiring a CPA for your small business.
This episode is sponsored by my FREE training: 3 legal & tax mistakes made by creative entrepreneurs & how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.
Today on the podcast we're answering the question "What are the benefits/pitfalls of hiring a tax strategist versus a CPA?"
What is a tax strategist?
Tac - have a cpa or tax lawyer like Braden
You don'tneed to be a cpa or tax lawyer to provide tax returns
When should you hire a cpa?
Difference between cpa and enrollment agent?
Beyond tax prep, you should hire a CPA anytime you want to understand how to maximize your business operations. For example, when you start selling more and making more money, should you consider becoming an s corp. Anytime you're doing anything different like expanding into more states, changing up your product lines, selling internationally, or even if you are just starting out. A one hour conversation can sometimes give you what you need for the next 6 months to a year.
Look for a CPA that has tax expertise, not all of them do.