This video is essentially a Bookkeeping Basics Crash Course for Entrepreneurs. What is bookkeeping and why should you care? If you have a business, big or small, a side hustle, freelancing on Fiverr, or even driving for Uber, or any other side gigs … then you should care about what is bookkeeping because it’s the backbone of your business.
If you’re not properly tracking your finances then you’re likely not capturing all of your allowable business deductions, therefore overpaying on your taxes.
This video is about accounting and bookkeeping basics for beginners and small business owners. It’s a boring subject, I’ll be the first to admit it. But, it’s vitally important to the success of your business, and to ensure that you’re paying no more in taxes than you need to.
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Do you have questions about What Is Bookkeeping and Why Should You Care? I’m an Illinois licensed, Registered Certified Public Accountant with over 25 years of experience. I’m dedicated to providing outstanding tax and accounting services to individuals and small businesses in the Chicago area.
Disclaimer: Any accounting, business or tax advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, I would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.