It is still a wonder to me how in a matter of a week’s time, my conversations with clients turned from thrive, to survive. When the stay-at-home order was put into effect in our state due to COVID-19, my bookkeeping clients were no longer asking me for advice on how to expand their business. They […]
Category: Bookkeeping
3-Step Solution to a Financial Dilemma
Small businesses owners face a variety of financial challenges, big and small. Recently a client told me, “I’m probably the lowest paid person in this company.” He wasn’t complaining or even bringing it up as a concern necessarily, yet it was something he felt may be true about his business. I could relate, because at […]
The Easy-Peasy Way to Meet Tax Deadlines
Upcoming Tax Deadline: July 15, 2020 To some it was a blessing, to others, not so much. However you see it, the April 15 deadline for filing your 2019 tax return was extended from April 15 to July 15 based on President Trump’s declaration during the Coronavirus pandemic. (Please check with your tax preparer to […]
One Financial Step You Can Take This Weekend to Protect Your Small Business – Part 3
A Guide to Soften the Financial Impact of the Coronavirus Outbreak By Kristie Van Pay, Prosperity Bookkeeping LLC March 19, 2020 “Profit is not an event. It’s a habit.”― Mike Michalowicz, Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine “So, I am going to sound super […]
One Financial Step You Can Take This Weekend to Protect Your Small Business – Part 2
A Guide to Soften the Financial Impact of the Coronavirus Outbreak By Kristie Van Pay, Prosperity Bookkeeping LLCMarch 19, 2020 If there is anything good about uncertainty, it is that it forces us to look for alternatives in case things don’t go as expected. This is where growth and change are born. Speaking from my […]
One Financial Step You Can Take This Weekend to Protect Your Small Business – Part 1
Growth and comfort do not co-exist. -Ginni Rometty, CEO of IBM A Guide to Soften the Financial Impact of the Coronavirus Outbreak By Kristie Van Pay, Prosperity Bookkeeping LLCMarch 19, 2020 Who could have seen this coming? For the last several months I have celebrated successes with my Prosperity Bookkeeping clients. This year’s performance beat […]
2019 End-Of-Year Contractor Checklist
Verify contractor information: Verify contractor name Verify contractor address Verify contractor identification number File 1099 You’ll want to make sure all your contractor information is in one place. Like with employees, you’ll want to verify your contractor’s name, address, and identification number. The ID number can be a contractor’s SSN, ITIN, ATIN, or EIN. The […]
2019 End-of-Year Employee Benefits Checklist
Verify employee benefit information: Confirm retirement plan eligibility Confirm health benefits (and imputed wages) Confirm fringe benefits Review sick time Review vacation time Review deferred compensation We often set and forget employee benefits, but the end of the year is an important time to verify your employee benefit information. For most retirement benefit information, like […]
2019 End-of-Year Employee Checklist
Verify employee data: Verify employee full name Verify employee address Verify employee Social Security number File W-2 It’s important to review employee data at the end of the year, particularly with employee names, addresses, and Social Security numbers. Improperly filing this could lead to penalties for each misfiled W-2. Check with your employees to make […]
2019 End-of-Year Accounting Checklist
Review profits & lossesThe first thing you should do after this checklist is review your profit and loss statement. It’s a good practice to see how you’re spending your money and if your expenses are categorized. If you haven’t already, you may want to reconcile your bank accounts and receipts. Collect W-9sDid you use vendors […]
