{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Fashion Designers Get Paid: Build Your Fashion Career On Your Own Terms","title":"SFD073 Accounting Advice for Fashion Designers and Businesses","html":"","width":"100%","height":180,"duration":3731,"description":"Guess what? If you want to have a fashion brand, you’re going to have to deal with accounting. And while it’s not the sexiest topic around, it’s a fact of doing business. But the good news? It doesn’t have to be complicated or overwhelming. And in this interview with accountant Peter Lang, who specializes in working with creatives and fashion designers, he shares how to simplify the process and be strategic with your money. In the interview (which you’ll love) we cover: Setting up your fashion design business strategically to save money on taxes Financial planning for fashion designers and businesses How to budget appropriately and save for taxes and retirement What you can write off on taxes (bet some of these are going to be new to you!) What you can NOT write off on taxes that you may have thought you could! Advice on how much is safe to put aside for taxes How to prepare to get a loan and how to use it successfully Self-employment tax and the differences between being an employee and a business owner How to financially prepare for crowd-sourcing and the tax implications of “free money” Penalties and repercussions of tax mistakes How best to prepare for audits Peter Lang, an accountant for creative professionals like you in the fashion industry, loves talking about finances, budgeting, and taxes. He promises there are no stupid questions in the tax accounting world, and wishes everyone were comfortable to ask more detailed questions about their finances--there’s so much to know! Peter’s not a regular CPA--he’s a Designer CPA. Peter has been a CPA for fifteen years, and his niche is the design industry. He provides tax accounting, CFO, and overall financial advice to business owners in the design industry. When Peter started working as a CPA, he accepted clients as they came, but noticed some of his clients were...more exciting than others. He started working with interior designers, then fashion designers, and the rest is history: he had found his...","thumbnail_url":"https://img.transistorcdn.com/aKuVxL8JmweBENlQ3ijRBkKP2y4MyoOXJoGtd_pgZ84/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83MDEx/Y2M3YzBjYTI4NTM4/ZWNjY2QzNDUyZTY5/N2VhYi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}