POM049: How Small Business Accounting Affects Financial Success with Erica Booth


In this episode, we discuss:

  • the top financial tip for recent entrepreneurs
  • consequences that can result from not setting up finances and accounting properly
  • which team members you need
  • the four different business entities and how they affect your taxes
  • biggest tax mistake for entrepreneurs

 

Erica Booth

Erica Booth, Author, and CEO of Erica Booth Tax & Accounting Services, LLC has more than a decade of experience specializing in finance and small business taxes. Erica is a 2006 graduate of Temple University with a Bachelor’s Degree in Accounting. She has earned a MBA in Finance from Wilmington University in 2012.

 

As a qualified accountant, Erica focuses on the growth and financial success of small businesses through coaching, planning, and implementation of customized business strategies. Erica’s main objective is for all small business owners to fully understand the importance of small business accounting and taxes and how both components can impact the outcome of business profits or loss. She is passionate about helping business owners achieve financial success and stability through constant empowerment, guidance, and support.

 

Resources Mentioned:

WISE Money Challenge – 30 day challenge to save and earn more money


Financial Wellness Telesummit for HR Professionals – free telesummit about financial wellness as a benefit for employees

 

Let’s Fix Work – top rated HR podcast by Laurie Ruettimann

 

ERICA BOOTH TAX AND ACCOUNTING SERVICES, LLC – Accounting firm by Erica Booth

  • Currently running a financial organization campaign

 

A Tax Deduction Guide for Small Business – top 20 business tax deduction book written by Erica Booth

 

Facebook: Erica Booth Tax and Accounting

 

Instagram: Erica Booth Tax

 

Thanks for listening:

If you have any comments or questions about this episode, leave a comment below. If you liked what you heard subscribe on iTunes and rate it. This helps the podcast show up for others.

About Dr. Maria James

Dr. James, The Money Scientist, has expertise with designing income management, debt management, and wealth strategies to help you live your best life. She is the founder of Pocket of Money, LLC and the creator of The Wealth Protocol™. Dr. James has also been a guest financial expert on ESSENCE, WEAA, Madame Noire and more.

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