From the course: Finance Foundations for Solopreneurs

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Working with a CPA

Working with a CPA

From the course: Finance Foundations for Solopreneurs

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Working with a CPA

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- Your certified public accountant, or CPA, will be one of the most important business partners you'll have. This person helps you to do three main things: stay out of trouble with the Internal Revenue Service, maintain compliance with all tax laws, both federal and state, and make it easier for you to keep more of your money. Believe me, I know a CPA is a significant investment, but it's worth it. The reason? You'll most likely be filing taxes as an individual, and your LLC or S corporation income will flow directly to you. This can be tricky to navigate. But your CPA is your guide on this journey. Here is what you should look for in a CPA and how to find one that is a fit for you. Number one, they should have a small business focus. There are CPAs that have a niche just in personal finances. While that works well for a W-2 employee, it's not as good for you as a solopreneur. Additionally, CPAs that work with large firms may not relate as well to smaller businesses and their needs…

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