Why Fear the IRS? Clearing Money Misconceptions with Keila Hill-TrawickGuilty Privilege

Why Fear the IRS? Clearing Money Misconceptions with Keila Hill-Trawick

In this episode, Amber Cabral sits down with Keila-Hill Trawick, CEO of Little Fish Accounting as they take a deep dive into something

In this episode of Guilty Privilege, host Amber Cabral speaks with Keilah Hill-Trawick, founder of Little Fish Accounting. They discuss the privilege of making the jump from corporate to entrepreneurship and the importance of using privilege to make a positive impact. Keilah shares her expertise in accounting, emphasizing the need for small businesses to understand their numbers and make strategic decisions. She also addresses common fears and misconceptions about taxes and the IRS, providing practical tips for staying organized and prepared. The conversation delves into the challenges and lessons of entrepreneurship, highlighting the value of building a supportive network. Keilah encourages listeners to embrace their privileges and use them to uplift others. Overall, this episode offers valuable insights into accounting, entrepreneurship, and leveraging privilege for success and impacting an exciting journey from the corporate world to the world of entrepreneurship.

But hold on, this isn't your run-of-the-mill accounting chat. It's a fresh and candid exploration that not only dispels common accounting myths but also emphasizes the profound importance of truly understanding your business's financial data. And let's not forget the best part – they kick that fear of the IRS right out the door. Keila's passion for helping small businesses get their financial ducks in a row shines through, and her unique accounting approach promises not just financial stability but also the priceless freedom to live life on your own terms.

Amber and Keila also open up about their journeys and the privileges they've encountered along the way. They both agree that there's no need to feel guilty about certain advantages, especially when it comes to the unique way their minds work and the incredible opportunities they've had. Together, they stress the importance of seeking support, nurturing collaboration, and learning from others as vital tools for navigating the exciting yet challenging path of entrepreneurship. Get ready for an episode that is packed with insights that will shed light on the profound value of recognizing and embracing your privileges as a springboard for achieving remarkable success.

KEY POINTS:

  • Starting your business offers freedom, but it's a journey with rewards and challenges
  • It's all about finding and keeping the right team to keep your business on track
  • Accounting empowers your financial goals and business growth
  • Plan ahead, stay organized, and file taxes stress-free
  • In entrepreneurship, choosing your team is a special privilege
  • Value your unique skills and trust others for areas you need help
  • Embrace your privileges without guilt and use them to help others

QUOTABLES:

"What I really want is for us to help you live the life that you want to live." - Keila-Hill Trawick

"So the first thing is we care, and that seems really small is huge." -Keila-Hill Trawick

"When you work for yourself, know your absolute best and you miss stuff, because there is nobody looking at your work." - Keila-Hill Trawick

"There is more support than you realize." - Keila-Hill Trawick

"Recognize that you have more to give than you give yourself credit for." - Keila-Hill Trawick

"Hiring is definitely the hardest thing for a growing business to navigate for sure. -Amber Cabral

GUEST INFORMATION:

Keila Hill-Trawick

Listen to Fish Food Podcast here

Little Fish Accounting

IG | @hellokeila

Twitter | @littlefishcpa

LinkedIn | keilahilltrawick

Amber Cabral

IG | @bamcabral

LinkedIn | @ambercabral

Facebook | @amber.cabral

Twitter | @BamCabral

Grab a copy of Amber’s books at Amazon!

Allies and Advocates: Creating an Inclusive and Equitable Culture

Say More About That: ...And Other Ways to Speak Up, Push Back, and Advocate for Yourself and Others -

Guilty Privilege is produced by EPYC Media Network

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Reviews

This podcast provides a path to self-awareness in the most refreshing and engaging way. The conversations are so yummy (yes, yummy!) and they make me feel like I’m sitting on the sofa with Amber and her guests.

Ansmith1908
Guilty Privilege

Just finished the first episode (whispers: via YouTube) and I was NOT ready for the conversation to end. So I came on over to the apple podcast streets to subscribe and listen again on my commute to work. While this is not the work I’m exclusively dedicated to, I want to increase awareness around equity so I can be more intentional in my practice personally and professionally. This conversation is an absolute resource that I have the PRIVILEGE (time) to tap into and I look forward to digging into new episodes every week.

Shada_
Guilty Privilege

I took away so much from this episode. The biggest is recognizing our true enemy. Also, equity is about choices. We have them and we can choose how to use our privilege.

Alaina Doyle
Guilty Privilege

Amber has a genuine ability to bring out the authentic aspects of topics that many of us must want to sit down and have a conversation about! Refreshing, compelling and yes, entertaining — can’t wait for each episode to drop and I even feel more equipped to expand on these topics in my own circle!

Themindofandre
Guilty Privilege
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