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Bookkeeping for Tax Season: DIY vs. Outsourcing Over the Holidays | Live + Zoom
November 14 @ 4:30 PM – 5:30 PM EST
As the holiday season approaches, tax time looms for small businesses. At The MTM Institute, we prioritize the importance of being financially prepared before the end of the year to avoid any last-minute chaos. Whether this means doing it yourself or hiring help, now is the time to begin preparing.
Fortunately, our MTM Network is here to provide guidance for whichever route you choose. We’re partnering with small business bookkeeping expert and CEO of BooksTime, Jesse Gildesgame, to offer this free bookkeeping course for tax season. Jesse will help us all make informed decisions and avoid costly mistakes while leaving enough time to enjoy the holidays.
Why Small Businesses Need to Prepare Now
The holiday season is a busy time for entrepreneurs, but when tax preparation takes a back seat it makes the new year more chaotic. Waiting until the last minute to gather documents and organize your books can lead to costly errors, missed deductions, and unnecessary stress. Taking the time now to get your finances in order can ensure a smooth tax season and free up your time for what matters most—running your business.
DIY Bookkeeping vs. Outsourcing: When To Leave It to the Experts
DIY bookkeeping can be appealing to business owners looking to save money, but it comes with risks and challenges. For bigger or more complex businesses, it also comes with a huge learning curve. Meanwhile, outsourcing simply comes with a fee, and the benefits often outweigh the investment when it comes to saving time and avoiding errors.
For small businesses with the budget, outsourcing bookkeeping offers peace of mind and long-term savings. For those who don’t have the budget, our DIY bookkeeping meetups are a great alternative to get you there. Learn how the consistency and accountability of meeting weekly or monthly can transform your bookkeeping before the new year.
Compare DIY vs. Outsourcing: Which is Best for You?
Feature | DIY Bookkeeping | Outsourced Bookkeeping |
---|---|---|
Cost | Minimal cost, mainly your time | Higher cost, but saves time and reduces errors |
Time Commitment | High—requires significant effort | Low—handled by professionals |
Accuracy | Risk of errors without experience | Ensured by experienced bookkeepers |
Tax Preparation | Stressful and complex | Bookkeepers handle tax preparation |
Join Our Free Bookkeeping Course Today
Don’t wait until the last minute—prepare your business for tax season now! Whether you choose to handle your bookkeeping yourself or outsource it, this free course will give you the tools you need to make the best decision for your business.
Presented by The MTM Network by The MTM Institute: A Small Business Community for All
Co-Sponsored by BooksTime
Meet Host and Sponsor: Jesse Gildesgame, CEO of BooksTime
Jesse Gildesgame is the CEO of BooksTime, a bookkeeping firm that specializes in serving small businesses and nonprofits. With a background in startups and a passion for giving back to the community, Jesse brings a wealth of experience to helping small business owners navigate the complexities of bookkeeping.
In his free time, he enjoys hiking and volunteering with local nonprofits. Jesse is a Boston native and a member of Founders Pledge, an organization committed to creating positive social impact.
About The MTM Institute
At The MTM Institute, our mission is to make business knowledge accessible to everyone. We provide free education, training, and resources to help small and growing businesses thrive, with a focus on marginalized communities. By offering this free bookkeeping course, we’re empowering entrepreneurs with the tools and knowledge they need to succeed—not just during tax season, but year-round.
Our values of lifelong learning, accurate information, and the equitable dissemination of knowledge guide everything we do. We’re here to support your business at every stage, ensuring that you have the information and resources you need to make informed decisions.
Through The MTM Network (MTMN) we create accessible, inclusive spaces for connection, learning, and long-term growth. The MTMN’s fun, light, and inclusive approach ensures that business knowledge is accessible to all, empowering entrepreneurs at every level to succeed.
Together, we’re building a connected, thriving community. Visit us at MTMInstitute.org to learn more!