Thinking about starting a business but overwhelmed by LLCs, taxes, bookkeeping, and everything else?

In this episode of Two Accountants Talking Sh*t, Gary and Mike sit down with Brooklyn salon owner Ona Verdine (@verdine.nyc) to discuss what it really takes to launch a successful business. From testing your idea before spending money to choosing the right business structure, hiring employees versus independent contractors, tax planning, recordkeeping, and avoiding common startup mistakes, this episode blends practical advice with plenty of laughs.

Whether you're launching your first side hustle or growing an established business, you'll walk away with practical insights to help you build smarter—not just bigger.

In This Episode

• Why your first question shouldn't be "Do I need an LLC?"

• The one question every entrepreneur should ask first: Can you sell it?

• How to validate a business idea before spending thousands of dollars.

• When you should form an LLC—and when you shouldn't overthink it.

• Why separating personal and business finances makes tax time easier.

• Simple bookkeeping systems that work for new businesses.

• Employee (W-2) vs. Independent Contractor (1099): what's best for your business?

• How salon owner Ona Verdine built a thriving business in less than a year.

• Why transparency with employees builds stronger teams.

• Understanding sales tax, payroll taxes, and business expenses.

• Why year-end tax planning can save business owners thousands.

• Can AI replace your accountant? Gary and Mike weigh in.

• Why having the right accountant reduces stress and helps you focus on growing your business.

Key Takeaways

• Test your idea before investing heavily.

• Don't let perfection delay getting started.

• Good bookkeeping is about organization—not expensive software.

• The right business structure can save significant money in taxes.

• W-2 employees and 1099 contractors have very different legal and tax implications.

• Tax planning is a year-round strategy, not a last-minute task.

• AI is a great research tool—but it doesn't know your unique tax situation.

• The best investment a business owner can make is finding an accountant they trust.

FREE Download

How To Start A Business 90 day Checklist

Download the FREE companion guide mentioned during this episode.

Inside you'll learn:

• How to properly start your business

• LLC & EIN setup

• Business banking essentials

• Bookkeeping checklist

• Tax planning reminders

• Payroll basics

• Questions to ask your accountant

• Important deadlines every new business owner should know

⚠️ Legal Disclaimer

The information discussed in this podcast is intended for general educational and informational purposes only and should not be considered tax, accounting, legal, or financial advice. Every individual's and business's circumstances are unique. Before making financial, tax, legal, or business decisions, consult with a qualified CPA, tax professional, attorney, or financial advisor who can evaluate your specific situation.

Listening to this podcast does not establish a client relationship with the hosts or any companies with which they are affiliated.

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