Start-up Speakeasy

#024 You Don't Have to Hate Accounting THAT Much… Fundamentals for Creative Businesses

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Guest: Amanda Lo - CPAHost: Kristy Oustalet  Episode #024Show Notes for this episode are linked up at http://kristyoustalet.com/24   My guest this week is Amando Lo, and she does what we creatives generally find cringe-worthy… she’s a CPA that manages the books and records for small businesses. Lucky for you and me, that there are people like her in the world in that handle these sort of things for us right-brainers. She realizes that small business owners simply don’t have the time to properly keep track of their books, and takes care of it so that you can focus on what you do best + grow your business.  Oh, man.  I feel lighter already…   Amanda walks us through some accounting fundamentals and deductions that likely affect your business. It’s essential to have a business checking account that is separate from your personal.  Not only does it make things easier to keep track of, but co-mingling your accounts can cause the IRS to discredit write-offs. If you work out of a Home Office, keep these factors in m