How To Align Your Bookkeeper and Tax Accountant for Financial Success With Nancy McClelland скачать в хорошем качестве

How To Align Your Bookkeeper and Tax Accountant for Financial Success With Nancy McClelland

Nancy McClelland is the Owner of The Dancing Accountant, a firm specializing in bookkeeping, tax preparation, accounting, and advisory services for small businesses. With over 30 years of experience, she helps businesses streamline financial processes, improve compliance, and adopt best practices. Nancy also educates bookkeepers through her Ask a CPA membership community and writes an award-winning blog at TheDancingAccountant.com. She has been recognized as a Top Client Services ProAdvisor and one of Ignition’s Top 50 Women in Accounting. Here’s a glimpse of what you’ll learn: • [00:00] Introduction • [5:35] Nancy McClelland explains what kind of accountant she is and how her background shaped her approach • [10:14] What tax-ready books mean and why they are essential for small businesses • [17:47] How negative balances signal missing expenses and impact taxable income • [21:26] Common misconceptions about CPAs and bookkeepers handling everything • [25:32] Key differences between bookkeepers and tax accountants • [29:13] How miscommunication leads to duplicated work and increased costs • [36:22] The top reason business owners switch CPAs and why communication matters • [41:20] Why quarterly tax planning prevents surprises and improves cash flow • [47:09] The risks of low W-2 wages for S Corp owners and how to avoid red flags • [51:08] Top tech tools for streamlining bookkeeping and tax preparation • [56:49] How keeping organized records can lower tax prep costs and improve accuracy In this episode… Managing your business finances can feel overwhelming — especially when your bookkeeper and tax accountant seem to operate in completely separate worlds. Without clear communication between them, mistakes happen, deadlines get missed, and tax season turns into a stressful scramble. So how can you ensure these key financial professionals are working together to support your business success? According to Nancy McClelland, a nationally recognized CPA and financial educator, alignment starts with clear roles, regular communication, and a shared commitment to accuracy. She highlights that many business owners assume hiring both professionals means everything is handled, but in reality, lack of coordination leads to costly errors and duplicated work. By fostering a team mindset, setting clear expectations, and ensuring that financial records are tax-ready year-round, small businesses can avoid last-minute panic and make better financial decisions. Nancy also emphasizes that technology can bridge communication gaps, making it easier for bookkeepers and tax accountants to collaborate effectively. In this episode of the Financial Clarity podcast, host Hannah Smolinski sits down with Nancy McClelland, Owner of The Dancing Accountant, to discuss how business owners can align their bookkeeper and tax accountant for financial success. They break down the importance of defining responsibilities, creating an accountability chart, and scheduling regular check-ins. Nancy also gives practical advice on leveraging technology to streamline bookkeeping and tax preparation. Resources Mentioned in this episode • Hannah Smolinski: LinkedIn -   / hannah-smolinski-cpa-16994aa   • Hannah Smolinski: Email - hannah@claracfo.com • Clara CFO Group: Website - https://claracfo.com/ • Clara CFO Group: YouTube -    / @claracfo   • Financial Clarity podcast: Website - https://claracfo.com/financialclarity... • Financial Clarity: YouTube -    / @financialclaritypodcast   • Nancy McClelland: LinkedIn -   / nancy-mcclelland-cpa   • Nancy McClelland: X - https://x.com/TheDancingCPA • Nancy McClelland: MSN - https://bitly.cx/rIr7n • The Dancing Accountant - https://www.thedancingaccountant.com/ • Ask a CPA - https://www.thedancingaccountant.com/... • Scaling New Heights Orlando - https://bitly.cx/lzBgN • AICPA Town Hall - https://bitly.cx/bCU4 • Keeper - https://keeper.app/ • Asana - http://asana.com • Relay - https://bankwith.relayfi.com/hannahcfo/ Related Episode: • “Understanding Different Accounting Roles for Small Businesses” on the Financial Clarity podcast - https://bitly.cx/r0Yu • “Modern Banking Solutions for Entrepreneurs With Deanna Zubrickas” on the Financial Clarity podcast - https://bitly.cx/1i1dK Sponsor for this episode… Clara CFO is dedicated to providing financial clarity and profit-maximizing solutions to small businesses. The team at Clara CFO are seasoned accounting professionals with a heart for small business. We help growth-minded entrepreneurs thrive through Fractional CFO services and financial education. Whether you’re grappling with hiring decisions, profit margin concerns, or ambitious growth plans, Clara CFO provides insights, recommendations, and a clear financial roadmap to achieve your goals. To learn more about Clara CFO Group and how we can help your business, visit https://ClaraCFO.com