tax season feels less daunting when your accountant might break into song. (yes, really!) đ”đ¶
weâve rounded up a list of financial pros who specialize in supporting artists, from CPAs with creative backgrounds to groups offering pro bono help
image descriptions:
1. a lime green background with a GIF in the middle of a cartoon duck diving into a pool of gold coins & then coming up for air and spitting a few of them out. above are the words âaccounting & financial servicesâ & below âfor artists.â a few white animated sparkles glitter at the bottom left of the page.
2. a GIF background of a teal sky with some moving stars. overlaid is white text that says âNobody becomes an artist because they secretly want to become their own accountant. But once you're deep into your creative practice, managing the financial realities becomes a real and undeniable part of the work. Believe it or not, there's actually a growing ecosystem of accountants and financial professionals who understand and specialize in the creative life.â
3. a GIF background of a pink sketched landscape. at the bottom is a hillside with sketched vegetation and flowers and above are clouds floating by. white title text reads âwhy arts-specific accounting mattersâ and below white text reads: âArts-specific accountants often come from creative backgrounds themselves. These professionals can help you navigate everything from basic tax preparation to more complex financial planning, retirement savings, and even setting up the right business structure for your practice. And perhaps most importantly, they can translate financial jargon into language that makes sense for artists who'd rather spend their time making work than deciphering tax codes.â
wrote a piece for @square about how small businesses can navigate the vibecession... which now feels like itâs gone from vibe to real... â
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TL;DR: the classic moves work in good times and in bad.â
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to read the whole thing, comment âvibeâ or âđ« â and Iâll DM you the linkâ
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#SquarePartner #ad
s/o to all the creative agencies dealing with the two most common struggles we see: â
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1. big clients that dictate payment terms that cause cash flow timing issuesâ
2. big clients that create a high customer concentration riskâ
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how to solve:â
1. get a line of credit in case you need it & make friends with your clients AP personâ
2. sorry to say: biz dev, marketing, etc. get more clients to spread out risk.â
if youâre running a creative business and the financial ops feel like a disaster, we can help.â
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weâre onboarding 3 new clients next month.â
comment âchillâ and iâll send you the details.
hi... just wanted to remind all of you self-employed folks to reach out to your accountantâs for a year-end tax planning meeting.â
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why?â
â to get ahead of your 2024 tax bill.â
â and get on the same page as your accountant on the best tax strategy to help you reach your goals.â
for example, last year, paying less taxes might have been your goal but maybe this year itâs to getting approved for a mortgage. â
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anyway... get your financials in order, get that tax planning meeting, get that peace of mind as we head into the final days of 2024.â
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and if you need help with the bookkeeping part, DM me. i gotchu. â
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k, love you, bye.â
-paco
[Comment đž and Iâll send you 2 free chapters of FINANCE FOR THE PEOPLE.]
I was having a conversation with a friend last week. â
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They said one of their biggest regrets was not investing sooner because they didnât know any better and were afraid of losing their money (valid concern, but there are ways to manage risk).
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So, here is your periodic reminder to invest your money. And an actual excerpt from Finance for the People:â
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âYou are tripping your balls off if you donât take advantage of this insane, man-made phenomenon of using money to create more money.ââ
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I donât make these rules, but Iâm happy to share what I know about them.â
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1. A comic strip from FINANCE FOR THE PEOPLE to simply illustrates the mind-blowing power of compounding interest. â âïžâ
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2. @brokemillennialblog gushing about FINANCE FOR THE PEOPLE. â
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#FINANCEFORTHEPEOPLEâ
#financefriend
While reading @bethpickensconsulting book, Make Your Art No Matter What, I came across her concept of the artistâs money-making continuum and felt inspired to create a visual for it.
the world is full of possibilities⊠like the possibility of you, the owner of a creative small business partnering with a finance team that supports you and your biz, helps you improve profitability and makes the financial side of things accessible. From bookkeeping to business management, we gotchu.
Want to learn more about working with us? Comment đ§ź and weâll DM you more details.
we help creative small businesses tame the chaos of running their firm. how? glad you asked. we tailor our services to your needs. we help our clients with some (or all) of the following:â
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đ we create a custom scorecard so you can actually understand the financial health of your businessâ
đ§Ÿ we manage invoices (including collections, yay!) â
đ§Ÿ we handle contractor paymentsâ
đ§ź we manage your bookkeeping and work with you and your account to plan for taxesâ
đ we help you view your business from an outside perspective: how do lenders see you? how would a buyer or investor view your company? â
... and more.â
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DM us or comment đ§ź to get in touch.â