The PROS and CONS of investing in a good accountant

Catch the replay of this episode of Fempire LIVE as Samantha chats with Shalini Dharna of Dharna CPA about the pros and cons of investing in a good accountant and some of the common mistakes business owners make at tax time.

Key takeaways include:

• There is a lot of misinformation out there that entrepreneurs need to be aware of
• Every decision we as business owners make have an accounting and tax implication. It’s crucial to get advice from a professional who knows your situation completely
• The difference between a bookkeeper and an accountant
• If you are only doing your bookkeeping for tax purposes, you are missing out on so much information on your business
• Your numbers tell the story of your business
• A good time to complete and review your bookkeeping is monthly
• Questions you should be asking yourself that only your numbers can tell you
• The number one area Shalini sees people bleeding money in their business
• CRA is the business partner you never knew you had, and ignorance is not an excuse they will accept
• An accountant is a tool to keep in your back pocket for key milestones in your business (ie. start-up, going for funding, growth etc.)