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If you have students who are attorneys or accountants, you may want to engage their services for your business. Be sure to pay them or offer like-valued services in exchange for their help. If students feel that you are taking advantage of them, you could lose them, both as students and as advisors. Moreover, be sure these students can get away from their business when they’re studying with you. One main reason working adults sign up with a martial arts school is to spend some time each week forgetting their job. Make sure your students who work for you do so during their work time, not during their recreation time.

Accountant

At a minimum, have your accountant do your business income taxes. The IRS tax code makes it difficult and very time-consuming for untrained individuals to do their own business taxes. Having your accountant do your taxes can not only save you time and aggravation but also save you money.

A good accountant can be a valuable consultant not only at tax time but whenever you need insight into financial matters. For example, ask your accountant for a list of the licenses and tax forms you will need to open and run your business. Accountants deal with such things as a part of their job. They should be able to make sure you haven’t forgotten something crucial.