Related to US. With revenue coming in, how do you decide on what to pay yourself, what to re-invest in the company, etc? Do you have a financial advisor helping out? Do you feel you have a good understanding of how to optimize your revenue / pay your taxes etc?
I personally struggle with a lot of these questions and ponder if its time to find a financial advisor.

  • captain-doom@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    Once I went full time in my business I hired a CPA (accountant) to meet with and review numbers and tax payments quarterly.

    They can help you setup something like quickbooks, teach you how to log income and expenses, and read the reports.

    As a business owner you’ll eventually need to learn all this stuff so you might as well start reading up on it, get some accounting books, and cut your education time down.

    But it can take years to learn, having someone who does this available to you hourly when you need them is the way.

    Expect to pay $100 - $250/hr depending on experience.