My uncle Phil and my friend Ashley, both savvy in business and money, have been telling me I need to get an accountant now that Frugal Mama is turning into a small business.
Signs that I needed to get my finances organized? I started making money from writing for other sites, I trademarked Frugal Mama, I was hired to host TLC’s Frugal Mama Makeover series, and I signed on with a lawyer to help me figure out my TLC contract.
My lawyer gave me one contact, but I’d like a few more to compare services and rates. My uncle tells me I also need a CPA, who specializes in taxes. Frugal me is, of course, wondering if I should just buy a book on accounting and do it myself.
One free program I have been using is Outright.com, an accounting website which I also recommended to Kara, who is starting her own dance studio, in Free Tools to Help Small Businesses (video). However, I still feel a little in the dark as to the record-keeping and tax part.
Since a lot of you probably have more experience with self-employment income than I do, can you offer any advice?
In the meantime, I thought you might be interested in these other articles I’ve been writing at Parentables:
And please do share your thoughts on the accounting thing in the comments. Thank you!