Rachel Burke is the founder of Bookkeeping by Burke, a boutique bookkeeping firm that serves female-owned, service-based businesses.
She started Bookkeeping by Burke after working in the corporate accounting industry and recognizing a huge disconnect between accountants and their clients. The industry is outdated, it's boring, it's old school, and it's 90% male-dominated.
At Bookkeeping by Burke, Rachel and her team are not your parents' 65-year-old CPA. They're young, they're modern, they're female, and they genuinely love their clients. Their mission is to teach you how to pay yourself consistently, to ease your stress come tax-time, to help you understand your finances, and to cheer you on every step of the way.
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In today's episode, we cover:
- Meet Rachel and what her mission is in her business
- Her origin story: from corporate accounting to almost leaving the industry to starting her own bookkeeping firm
- How creating a podcast can spark inspiration
- The industries of the clients she works for and their main pain points which drive them to hire a bookkeeper
- The dangers of the comparison game
- Her main pet peeves in the bookkeeping industry and red flags to watch out for
- Why Venmo and cash apps are NOT suitable for businesses
- Her recommendations for sending out invoices for early-stage entrepreneurs
- Deductions that people don't typically think of
- Tax fraud isn't worth it!!
- Advice to solopreneurs for making strategic investments
- Contractor vs. employee
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