(#190) 3 Things to Ask Your CPA

A meeting with your accountant provides an opportunity to not just process your taxes, but also get the support you need to continue growing in the years to come. An accountant can give strategic advice to help you make the best decisions for your business. They can also assist with tracking and analyzing your finances. But first, you have to know what kind of questions to discuss.

Learn more in this episode as Doctor TK guides us through the important questions you should raise during a conversation with your tax person.

---

Keep going for that 1% compounding effect. Get weekly affirmations by texting ABUNDANCE to (310) 388-8603

Podcast Goals:

Identify the key points to cover with your accountant

Episode Timeline:

Know your vision and share them with your CPA— Income, Revenue Projections, Yearly Goals— (01:26)
Talk about your wealth accumulation— Tax Liability, Investment, Bookkeeping (10:10)
Establish communication— Expectations, Coverage, Fees (17:32)

Standout Quotes:

"With your stream(s) of income, you want to identify for the next upcoming year, especially in fourth quarter planning, what product(s) or services will you be offering next year? And you want to list those out." (03:00)
"With tax liability, you want to ask questions about what you can write off, what you should be writing off, especially in these days where most people are choosing to still work from home, or just not have clients or customers in their office." (10:24)
"With bookkeeping, you want to make sure that you're classifying your money going out and money coming in correctly so that you can decrease your tax liability." (15:57)