Why Saving Money Often Costs Entrepreneurs Big Time
Last year we went through 3 accountants.
It is because we are sloppy with the books?
Or maybe careless?
Or, perhaps pain in the butt clients?
No, nothing like that.
The reason is because we were being cheap.
You see, we figured we needed a service more sophisticated than H & R Block … but did not think we needed anyone particularly bright or expensive.
I mean, numbers are numbers, right?
And with today's software it's not rocket science.
Or so we thought, at least.
And several months of unanswered phone calls from one accountant (can you believe that?), Bad advice and other misadventures (too numerous to go into here) … we finally came to our senses, stopped being cheap, and sally destined to hire an Enrolled Agent.
What's an Enrolled Agent?
EA's are specially trained accountants by the IRS.
They know the tax laws like the back of their hands. They know what's legal and what's not. And they know how the bureaucratic "game" is played.
Of course, our EA is not necessarily "cheap."
But he's WELL worth the extra investment.
Especially when it comes to saving time and energy.
Anywhere, here's the point:
It does not matter if it's an accountant, a lawyer, coach, copywriter, advisor, website coder, designer or even someone to mow your lawn …
When it's "mission critical" do not scrimp.
Scrimping might seem like a good idea at first.
But, as the old saying goes: You get what you pay for.
Or, as a not-necessarily-wise man once said:
"Scrimps are wimps."