Little Fish Accounting

?? Setting the right price for your services isn't just about matching industry rates—it’s about understanding what works best for your business. In our latest blog post, we break down the four key elements of effective pricing that every service provider should consider: 1?? Knowing your true costs 2?? Valuing your time 3?? Accounting for personal income needs 4?? Understanding market demand Whether you’re just starting out or re-evaluating your rates, these steps are crucial to creating a sustainable pricing strategy. Check out the full post https://lnkd.in/eG693t_C #pricingstrategy #smallbusinessgrowth #serviceproviders #valuebasedpricing #buildtoenough

Thinking about buying a luxury vehicle for your business? Let’s talk about what that really means for your taxes. There is a misconception that if you buy a luxury SUV in the business' name, it is a “full tax write-off”. Tempting, right? But here’s the real deal: while certain vehicles can qualify for a partial deduction, it’s not quite the free pass it’s made out to be. Here’s what you need to know: ?? Section 179 Deduction: Sure, vehicles over 6,000 pounds might qualify for some deductions, but only up to a certain limit—and it’s usually a fraction of the sticker price. ?? Depreciation Caps: Luxury vehicles (like that shiny new G-Wagon) face extra depreciation limits, so you can’t write off the full cost in one go. ??Business Use Only: This is a biggie. The IRS requires these vehicles to be used primarily for business (50%+), so if it’s doubling as a personal ride, that deduction shrinks. Our advice? Consult with a tax professional before making any big purchases. Tax deductions are great, but they’re not freebies! A quick consult with your accountant can help you understand what’s truly deductible, so you’re maximizing benefits in a way that keeps everything above board.

When you start a business, the first goal is to make money. And then it gets more complicated and you need more specific support. There is a gap in what is needed when starting as a solopreneur v. managing a business. Growing to small is still growth. Increasing revenue by 10% or adding 2 people to the team feel like small steps but they have a huge impact on how you work. When we say we’re a growth partner that’s what we mean. We’re keeping the numbers updated and accurate so you know where money is going AND if you can afford to spend it. Whether you’re making small strides or big swings, you’re headed up and we’ll be there every step of the way.

Looking to grow your business in 2025? Let’s talk! At Little Fish Accounting, we start by truly understanding your unique needs and goals. That’s why I’m offering discovery calls to discuss how we can help you achieve your growth goals. Here’s how it works: ?? After our call, we’ll conduct an Initial Diagnostic to get a clear picture of where your business stands and highlight any areas that need attention. ?? Then, we’ll schedule a tax strategy call to provide personalized recommendations tailored to your specific goals. With limited spots available, now’s the time to get ahead and set yourself up for a successful 2025. Schedule your call today! ?? bit.ly/3DnPfR2 #BusinessGrowth #TailoredStrategy #FinancialClarity #2025Goals #TaxPlanning #FemaleEntrepreneurs #SmallBusinessSuccess

Let's be real—hiring takes time, effort, and a lot of money. So why not get it right the first time? ?? This week’s episode of Build to Enough is all about hiring quality people. Keila explains how bringing on the right team members saves you time, money, and stress in the long run. Because when you hire the right person from the start, you can avoid costly mistakes and set your business up for success. #HiringTips #WorkSmart #TeamSuccess #BuildToEnough #

We recently revamped our onboarding process, and it’s been a game changer for both us and our clients. ?? Rather than jumping straight into filing, we start with a comprehensive diagnostic of your books and taxes. This ensures we have a complete and accurate picture of your financial situation, setting the stage for impactful, ongoing support. Our approach is built on the belief that accurate financial data leads to better results. By taking the time to fully understand your numbers, we can provide tailored, strategic tax planning and accounting services that go beyond a single tax season. So if you need a rush filing for your taxes, we probably aren't the best fit. But if you’re looking for long-term partnership with proactive financial guidance, we might be the firm for you. ?

When clients get on a call with us, we make something very clear: we will do it right, and provide a timeline, but we will not rush. ?? Rushing will have tax prep done without accurate bookkeeping. ?? Rushing advises on current numbers without addressing prior periods. ?? Rushing is a band-aid for tasks and we’re in it for the long-run. Our initial diagnostic takes about 30 days (+30 if you need cleanup or corrections). But when we’re done, you have the confidence that it’s right. And then we move into service! All three of our services are partnerships to support specific focuses: ???Tax Prep Suite = Compliance Focus: Planning, prep, and filing ?? Financial Manager = Cash Flow Focus: Accurate financials to reflect where money is going each month and how much to save towards taxes ?? Fractional CFO = Advisory Focus: Ongoing support on how to prepare for the future and manage cash inflows and outflows based on trends and forecasts So you see, we will do it with care and intention. Within a reasonable timeframe. And we know that this takes time. ______________________________________________ At Little Fish Accounting, we know that small teams can create big results ?? That’s why we help professional service firms and agencies build profitable businesses with personalized financial guidance. Learn more at https://lnkd.in/gFddywsf

Think again! Mixing personal and business expenses can create confusion and make your accounting a nightmare. This is where having a bookkeeper comes in! Accurate bookkeeping goes beyond just keeping your finances organized—it directly impacts both your taxes and your financial reporting. A bookkeeper adds value by: ?? Ensuring you capture every eligible deduction, lowering your tax burden ?? Providing clean, reliable data for financial reports, giving you insight into your business’s health ?? Preventing costly errors that can lead to IRS audits or financial misstatements ?? Making tax filing efficient and smooth, so you avoid the stress of scrambling at the last minute Accuracy is crucial for both tax compliance and making informed business decisions. A great bookkeeper helps you do both, keeping your finances aligned with your growth goals. Ready to streamline your financials? Let’s talk!

Ghosted by your accountant? It’s more than just frustrating — it can be a major risk to your business. When you’re left waiting for a response, it’s not just about missing an email or two. Unresponsiveness can mean missed deadlines, potential penalties, and, worst of all, having to make critical business decisions without the full financial picture. Your accountant should be a partner who keeps you informed, not someone who disappears when you need them most. ??? At Little Fish Accounting, we’re not just here to crunch numbers; we’re here to give you peace of mind. Our promise? Year-round support with a commitment to respond within 48 hours. ??? Because when you have a trusted, reliable accountant on your side, you can breathe easier knowing that nothing will slip through the cracks. No more feeling like you’re running your business in the dark. Let’s connect to see how we can provide the support your business needs to thrive. ???

When Little Fish Accounting first started, offering benefits wasn’t on our radar. But as our team grew, we knew we wanted to provide perks that fit both our team’s needs and our financial goals. And here’s what we learned: a benefits package doesn’t have to mean big, fixed costs. The beauty of being a small business is flexibility—perks like extra time off, remote work stipends, and one-time bonuses can be adjusted as your business evolves. And they’re not set in stone, you can build on them over time as your finances allow. ?? Tune into this week’s #BuildToEnough episode to hear more about how you can craft a sustainable benefits packages that can grow with you. #SmallBusiness #EmployeeBenefits #TeamCulture #Finances #TeamGrowth #BusinessOwner #BusinessGrowth