Can you believe it’s already November?!Getting into the spirit of a month that’s all about thankfulness, I want to take a moment to express how grateful I am for each one of you! THANK YOU for your support of my small business. November is full of fun holidays, but one of my favorites is International Accounting Day! Keep an eye on my Instagram (@lktbook) for a behind-the-scenes journey on how I got to where I am today! Make Next Year’s Taxes Easy As Pie
My Bookkeeper Needs...When should I contact my bookkeeper? As a business owner, the answer to this question may surprise you! With certain things, the answer may be "yesterday." HA! As a bookkeeper, communication is key (most clients agree)! You will hear from me when I need guidance on how to allocate a transaction in your accounts, if I see a large purchase, and monthly with financial reports sent to you. Surprisingly enough, the bank does not always give me enough information to complete the bookkeeping without asking a few questions. It is important to communicate any changes to your business A.S.A.P. to your bookkeeper so your financials are up to date and accurate. Your bookkeeper needs you to communicate these things when they happen in real-time:Recommended ListeningSmall Biz SaturdayChanneling Bob BarkerHave questions? Let us know! Know a friend who could use our help?We would love to support them! The second biggest compliment is when you send your friends our way! Refer a business owner who signs up for monthly services and receive a $100 cash referral gift. You can send this intake link to your friends: bit.ly/LKTLead Your support of our small business makes all of this possible, thank you! PO Box 2475, Chattanooga, TN 37409 |
Bookkeeping Newsletter | May 2024 It's gonna be an a-MAY-zing month! I hope you found some great ways to support small businesses on Small Business Saturday this past weekend! My mission is to put order to chaos when it comes to the finances of business owners, and I want to take a moment to highlight some of the ways I love to do that: SERVICE NUMBER ONE | HISTORIC BOOKKEEPING This one-time service is to get your bookkeeping up to date from your last tax filing. We will "recreate" your books...
Eclipses, Brackets, and Estimated Taxes You know how they call the NCAA basketball tournament March Madness? I’m coining the term April Absurdity for all of the tax craziness that’s happening on April 15th - TODAY - I'm hoping the absurdity of the month is behind you already! Here’s what needs to be filed/paid: Your individual tax return filing (Form 1040) and tax payment Your first quarter 2024 estimated tax payment Any calendar year corporate tax return filings (Form 1120) and tax payment...
It's Officially Time to Talk Taxes! Did you know that not everyone is required to file their taxes? Your filing requirement is based on factors like your gross income, age, dependent status, earned and unearned income, and how much you make if you're self-employed. You may be wondering why I’m telling you this... don’t I want you to file a tax return? YES! I want you to file a return because even if you aren’t technically required to file an individual tax return, there are several important...