Wednesday, March 2, 2022

30 Years of Service!

This month has 3 major milestones.

#1 It was 30 years ago I registered my first DBA and began this business. It's been a pleasure working with so many business owners in the 5 county area, helping them to succeed, grow and eventually to sell their successful businesses and retire.

#2 My baby boy turns 40 this month! Yikes!

#3 For the very first time, I'm taking a week off for spring break. I figure that's my perk for this anniversay. So, if you're not yet ready for your accountant, schedule your appointment ASAP, the airline ticket is already paid for!

I look forward to continuing to serve the 5 county area in the years to come... this IS what I'm doing in my retirement.

Thank you everyone!

Monday, June 15, 2020

PPP Forgiveness

15 minutes into a 2 hour webinar about PPP forgiveness... they just don't know yet. The one big difference is the amount you must spend on payroll was 75%, that's now down to 60%. We have 24 weeks from the date of the loan to calculate that amount in order to get 100% forgiveness. Right now, that date is Thanksgiving day.

Keep good records people! If you need help please don't hesitate to call. We may not know how this is exactly going to wash out at the end of the forgiveness period, but what's not forgiven, the repayment period has changed, it's now 5 years. Your goal now should be to spend on payroll!
If you need help with your record keeping, please schedule an appointment.

Friday, May 8, 2020

Social Distancing Bookkeeping continued....

I will continue working remotely until we reach stage 5 of this pandemic. I'm not afraid for myself, I believe I have a strong immune system because I work in many offices on different keyboards. And because of that, I could be a carrier. I want to keep YOU safe!
Please continue to practice safe distancing, wear face masks and wash your hands! The faster we get to phases 5-6 the happier we will all be!

Friday, March 20, 2020

Social Distancing Bookkeeping

Remote desktop Bookkeeping for QBK Desktop and QB Online.

I've long used remote desktop to help my clients.  We get to see the same thing at the same time and can pass control of they mouse and keyboard back & forth... OK I'll be honest, I sometimes get a little grabby here. 

I'm only connected to your computer during our session, with your permission.  I cannot connect without you giving me your ID # and password that the program generates.  Two years ago I was injured and couldn't drive and I used this method to service my clients, making sure their 941 deposits were paid on time and took care of whatever else they needed at that time.  I expect to do the same next month when 1st. Qtr payroll taxes need to be processed.

Please use my online scheduler to book your appointment, April fills up quickly!

Friday, January 31, 2020

Changes with Federal W-4 and Tax Withholding

Recent changes in the Federal withholding tables are causing concern.  Changes with the new W-4 are causing confusion.  I'm here to help.

Even if you do NOT file a new W-4 you will be affected by the new Federal Income Tax Withholding tables for 2020.  So even if you keep Married with 0 dependants you may see a decrease in your federal withholding, at times $20 - $60 less that last year with the same gross wages.

The IRS has given us the following information:

Normally I suggest to employees that they update their W-4's after having their income taxes done.  Income tax preparers and most software have projections and can suggest and most times print a new updated W-4 for you to give to your employer.

Because the changes have been at times so dramatic, people are growing concerned that they may be stuck with a large tax bill next year, so I've found the following help:

You will need last year's W-2 and your most recent pay stub with year-to-date totals before you begin using this estimator.  When complete it will print an updated W-4 for you to give to your employer.

There is no limit on the number of times a year you can submit an updated W-4 and should always remember to do so whenever you have major life events, such as:
  • Tax Planning
  • Moving
  • Marriage/divorce
  • Birth or death of dependant or spouse
  • Adoption of a child
Please ask your income tax professional for additional income tax planning advice. 

Friday, August 16, 2019

The Cost of Online Accountng

A while back I posted the truth about online accounting:

This week I received notice from Intuit that their QuickBooks Online Simple start has new pricing.

"On the billing date, on or after October 1, 2019, your clients' QuickBooks Online Simple Start subscription will increase to $25 per month for the monthly subscription or $270 per year for the annual subscription, plus tax where applicable. If they have a discount, it will be applied to this new pricing until the discount expires. 

Please note that your clients will be notified of these pricing changes starting on August 28, 2019.

Your clients can check their billing details using these steps to verify the changes that have gone into effect:"

So now, their most inferior product is costing more than their Desktop Pro Version.  Buyer beware!  In my practice I will always give my clients the most cost effective solution first, even when it means I teach them to do their own bookkeeping while I take on an advisory/review position.  The Desktop Pro version is the "cadillac" of small business accounting.  I've helped many startups achieve success with this product.  It has all the management reports you need in daily operations.  If you require a report that cannot be generated within QuickBooks desktop, I can export data into excel and further refine what you are looking for.

Thursday, May 24, 2018

New BNI Midday Chapter opening just South of Traverse City

I would like to invite everyone interested in joining this chapter to visit next Tuesday 5/29.  We meet at Incredible Mo's in Grawn at 11 am. 

We have openings for the following professions:

Carpet/flooring Sales & Installation
Commercial Real Estate Sales
Construction - most ALL Trades
     Finish Carpenter
     Handyman Services
     Gutter Sales & Installation
     Home Inspectors
     Kitchen remodlers
     Siding Sales & Installation
Personal Banker
Estate Attorney
Family Attorney
Property Manager
Travel Agent
Auto Mechanic
Auto Sales
Event Planner
Videographer / Photographer
Salon Services
Physical Therapist
Business Coach