Tackling Your Business Taxes with Amy Northard

This week I sat down with CPA for Creatives, Amy Northard.


Amy Northard, CPA provides tax preparation and bookkeeping
services to creative small business owners. After graduation
from Indiana University, and then passing the Certified
Public Accountant’s exam, Amy began working at a
small/mid-sized accounting firm, primarily with small
businesses and personal taxes.


Although she learned a great deal during her time at the
firm, she had always felt the pull of entrepreneurship since
her days of childhood lemonade stands. Her life-long dream
finally came true when she opened Amy Northard, CPA LLC,
where she passionately works with creative small business
owners all over the US to take the stress out of their
creative business taxes.


HERE'S WHAT YOU’LL LEARN FROM THIS EPISODE:


Why ignoring your taxes results in a lack of clarity
around what’s going on with your finances and your business

When it could be okay to have a loss in your business and
the view you should have if there’s a recurring annual loss
in your business

Where to start with getting organized with your taxes

What paying taxes actually means

Strategies to look at in reducing what you own in taxes –
this doesn’t mean spending more money in your business.

When it makes sense to do your own taxes versus working
with a tax professional

What to keep in mind when it comes to keeping track of
your business write-offs

How to stop the catch up cycle with your tax

Amy’s rule of thumb for what to set aside for taxes

Business bank accounts you need



LINKS WE MENTIONED ON THE SHOW:


Amy's Website