WHICH FINANCE PROFESSIONAL DO YOU NEED TO HIRE FOR YOUR CREATIVE BUSINESS?

Do you need a bookkeeper? A Fractional CFO? An Accountant? Many business owners get stuck at this step and have no clue which finance professional they need to hire for their creative business. So let’s break it down.

Bookkeeper

WHAT THEY DO | Bookkeepers are in charge of recording all transactions that happen in a business. They match invoices to payments, categorize expenses and reconcile accounts. They make sure everything is accurate for your tax returns.

WHEN TO HIRE | Hire a bookkeeper when you’ve procrastinated the task so long that now you want to crawl under your desk and cry because you have a year’s worth of work to do and it feels like the most overwhelming thing in the world. This usually happens around the $100K gross mark.

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Fractional CFO

WHAT THEY DO | Fractional CFO’s handle the strategy of your money – they create cash flow strategies, budgets or spending guides, and help you set revenue goals with plans on how to reach those goals.

WHEN TO HIRE | Hire a fractional CFO when you’re at the point where you feel overworked and underpaid and need to hire help in order to grow the business, but the help costs so much that now you feel broke again. You’re stuck in a cycle needing help and questioning if you want to grow the business at all.

Accountant

WHAT THEY DO | Accountants file your end of year taxes, S-corp papers and create basic tax strategies. These are the professionals who have trained in tax law. Find a CPA because they are ethically bound to provide accurate guidance.

WHEN TO HIRE | Hire an accountant when H & R Block no longer knows wtf is happening with your tax returns.

Tax Strategist

WHAT THEY DO | Plans out strategies for you to legally reduce how much you owe in taxes.

WHEN TO HIRE | Hire them when you can finally breathe and make payroll without scrambling

Financial Planner

WHAT THEY DO | These professionals asses your savings, retirement, investments and taxes.

WHEN TO HIRE | Hire them on the personal side of your finances. It’s really never too early to work with someone who you trust.