Raw Notes from Bookkeeping Basics Class

Museum Hack
Renegade Tours

These are my raw notes from a free class sponsored by the Greenwich Village Chelsea Chamber of Commerce today:
Cost of Goods write-offs are 100% tax free 

No need to save taxi receipts, they fade. OK to use credit card statement as proof.


Picking a wrong accountant 

Picking a wrong bookkeeper

Having CPA do payroll (vs hiring a payroll svc, which is correct way)


Get a bookkeeper and a CPA or Accountant, two people so there are checks and balances.


Talk to Noah’s Accountant (does not have to be a CPA)
Find a bookkeeper who has a firm grasp of basic accounting 
Find a test for bookkeepers to see how they do, if they are competent, should focus on QuickBooks. 


Don’t pay a retainer for a CPA.

Assets vs expenses – example of cameras, domain names, etc

How to account for home expenses // apartment rent: Take whole sq footage of apartment, figure out how much is being used for office space. OK to deduct this for tax purposes.

Share this article... your friends will love it too ❤️

Additional Resources