EP18: Why Fear the IRS? Clearing Money Misconceptions with Keila Hill-Trawick

Guilty Privilege

Feb 13 2024 • 28 mins

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

You Might Like

Stuff You Should Know
Stuff You Should Know
iHeartPodcasts
This American Life
This American Life
This American Life
Molecole Urban
Molecole Urban
Edoardo Imperiale
Freakonomics Radio
Freakonomics Radio
Freakonomics Radio + Stitcher
Criminal
Criminal
Vox Media Podcast Network
The Why Files: Operation Podcast
The Why Files: Operation Podcast
The Why Files: Operation Podcast
The Ezra Klein Show
The Ezra Klein Show
New York Times Opinion
Shawn Ryan Show
Shawn Ryan Show
Shawn Ryan | Cumulus Podcast Network
The Way I Heard It with Mike Rowe
The Way I Heard It with Mike Rowe
The Way I Heard It with Mike Rowe
We Can Do Hard Things
We Can Do Hard Things
Glennon Doyle and Audacy
Radio Rental
Radio Rental
Tenderfoot TV & Audacy
Am I the Jerk?
Am I the Jerk?
youtube.com/amithejerk
Literally! With Rob Lowe
Literally! With Rob Lowe
Stitcher & Team Coco, Rob Lowe
Behind the Bastards
Behind the Bastards
Cool Zone Media and iHeartPodcasts
Girls Next Level
Girls Next Level
Holly Madison, Bridget Marquardt & Audioboom