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Financial Foundations
Amanda Rae and guest Mariette Martinez explore the critical importance of financial transparency, management, and understanding tax obligations for small business success.
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After 20+ years working as a Small Business Accountant and Advisor, Mariette's entrepreneurial journey has evolved from practitioner to educator. She launched MasterYourBooks Learning Center in early 2020 to inspire and equip growth-ready entrepreneurs and their accounting partners to navigate the complexities of small business and finances.
In this episode of the HatsOff podcast, Amanda Rae hosts Mariette Martinez, a long time 17hats user and a business and finance educator. They delve into the importance of maintaining financial transparency in one's business, with a focus on understanding your financial inflow and outflow. Mariette offers insight into how to manage and organize your finances, as well as differentiating between bookkeepers and accountants. Mariette also emphasizes how different business structures have different tax obligations and advises business owners to exercise patience with their journey towards their goal.
“[When] we think about bookkeeping and finances, the first thing we think about is taxes. That's the last thing we need to think about, because if your books are not ready, you are not ready for taxes.” — Mariette Martinez
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