
I love my accountant. You know this about me, because I say it all the time. I’m saying it again. Because I love him that much.
When I am not busy proclaiming my undying (yet completely businesslike and platonic, I assure you) love for my accountant, I’m probably saying this: Worth every penny. Because he is.
Everyone who freelances has a Starting Out period where every penny is precious. How long that time lasts varies, of course, and I went through it, too, so I totally get that there’s this start-up time when you’re not even making enough money to cover your expenses, not really, and hiring an accountant seems Completely Out Of The Question. That’s fine. What I do say, though, is that as soon as you can afford it, hire an accountant.
When can you afford it? That’s up to you. I would say that if you’ve reached the point of incorporating—or maybe even just thinking about it—it’s time. And yet, there’s always someone who will argue with me that they’re perfectly capable of handling their taxes and other paperwork themselves. My standard answer is that I’m sure they are, but I think they should hire an accountant anyway.
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