194 \\ DIY Accounting Mistakes That Cost You Thousands—and How to Choose the Right CPA
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Fri 07 Mar 2025
- Episode Link
- https://smallbusinessfinance.podbean.com/e/194-the-truth-about-diy-accounting-why-you-re-probably-overpaying/
Doing your own books or taxes might feel scrappy and smart—until it costs you thousands. In this episode, Tiffany Phillips explains why DIY accounting often leads to overpaying the IRS, missed deductions, and costly mistakes. She shares real-life examples of errors she sees all the time on self-prepared returns, including misclassified entities, improper depreciation, and payroll mistakes. You’ll learn when DIY makes sense, when to bring in a professional, and exactly how to interview accountants so you don’t hire the wrong fit. Tiffany also gives practical tips on transitioning from doing it all yourself to building a partnership with a CPA who can help you keep more of your hard-earned money.
Next Steps:
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