Ep. 42 Accounting For Small Business Success with Little Fish Accounting

In today's episode, we're rolling up our sleeves and diving headfirst into the wild world of small business finances. Our guest, Keila from Little Fish Accounting, brings some seriously valuable insight and a unique perspective to small business finances, emphasizing empathy, care, and consideration. 

As founder and owner of Little Fish Accounting, Keila has created a safe space for business owners to face their fears head on, helping countless clients save money on taxes, avoid financial pitfalls, and achieve their financial goals. With over two decades of experience in taxes and accounting, Keila’s portfolio of clients includes coaches, consultants, makers and service providers across all industries. 

Join us as we explore the crucial role of good bookkeeping, the relationship between finance and HR, and how data-driven decisions can transform your business's financial future.

We talk about:

💰Keila’s #1 piece of advice for staying out of highly problematic, risky situations for small business owners (hint: it rhymes with wood cook-beeping)

💰Bookkeeping practices that make a significant impact on Keila’s small business clients' finances.

💰 The role of AI in bookkeeping 

💰 The importance of properly categorizing payroll from a compliance AND a financial planning standpoint (spoiler: bonuses, vacation days, commissions, reimbursements, etc all need to be categorized differently)

💰 Whether or not Beyonce tickets and massages are deductible business expenses (and other questionable expenses)

Keila also shares her unique perspective on offering employee benefits to her team as a small business owner - and the mindset shifts she made in order to do so.

If you’re a small business, and your business makes money - you don’t want to miss this episode! 

Find Little Fish Accounting online:

https://www.littlefishaccounting.com 

https://www.instagram.com/littlefishaccounting 

https://www.linkedin.com/in/keilahilltrawick/