ROI Accounting Solutions

12/25/2022

12/20/2021

Reminder: Collect any missing W-9 forms from contractors you paid more than $600 to in 2021. 1099 NECs will be due January 31, 2022.

09/22/2021

Fall is here!!! What a great time to take time to take stock and game plan for the rest of the year. Don’t wait until December to figure out whether you should invest your extra cashflow back into your business, make an additional estimated tax payment or give yourself a much-deserved bonus. Now is the time to get your books in order.

06/04/2021

QBO recently announced that it will be increasing it's subscription prices and reducing the accountant discount from 50% to 30% effective July 15, 2021 for new subscriptions. The 50% discount will be honored for accounting firm billed subscriptions in place before July 15th.

As a business owner, it is imperative that you manage your budget and make adjustments where needed. Many small business owners rely on QBO to track their finances, so I created this chart to help clarify the new pricing.

04/23/2021

A mistake that business owners often make is spending extra cash they have in one period without taking time to think on their future revenue and expenses.

A cash flow planner allows you to see where you stand so you can do what needs to be done to meet your obligations when they are due.

Want some peace of mind? Message me for a free template and instructions.

04/13/2021

Pro Bookkeeping Tip: Managing Paperwork for Maximum Profitability

Keeping paperwork organized can be a nightmare and without receipts for your expenses the IRS may disallow them. Many business owners believe that using their company credit/debit card is sufficient documentation but that just is not the case. Do not slip up, get all you of your deductions!

Here are a few tips to help you out:

📜 Set up a physical filing cabinet OR a cloud based one (Google Drive)
📜 Set up the following folders: Income, Expenses, Bank Statements, Other
📜 Take pictures of all paper receipts and send them to your email
📜 Depending on the volume of transactions, file paperwork daily or weekly into your folders
📜 Organize paperwork by tax year

If you've tried these steps and you still need help or just don't have the time, let's talk.

03/03/2021

PPP Loans are still available!!! 1st or 2nd draw, the application deadline is March 31st. If you have less than 20 employees apply by the March 9th to get priority processing.

If you have not received a PPP loan before, First Draw PPP Loans may be available to you.

02/24/2021

The IRS is accepting returns. Small business owners, if your books aren't "tax ready" don't get overwhelmed, but let's talk soon.

02/15/2021

I pray that you believe this...

02/12/2021

Pro Bookkeeping Tip: Keep Personal & Business Spending Separate

Using personal and business accounts interchangeably is called commingling of funds, and doing so:

💲 Jeopardizes the limited liability you were seeking when you set up your business as a corporation or LLC.

💲 Costs you more in bookkeeping fees or your own precious time to sort through.

Don’t do it. It really is a no-win situation.

02/11/2021

When talking with business owners, I notice several common themes:

📌 They are waiting until tax time to organize their finances, preventing them from making confident decisions on timely information and paying penalties that could have been avoided.
📌 They are spending their precious time doing their own bookkeeping, taking time away from revenue generating activities and/or family.
📌 They do not know who owes them money or have a process for how to collect it.
📌 They are making decisions in times of high cashflow that do not cover them in times of low cashflow and are not sure how to fix it.

Are you ready for a change?

Hi, I’m Shantell. I’m a Small Business Accounting Specialist and I partner with small business owners to help them achieve their specific goals. I’ve always enjoyed math and numbers; I even took Calculus 3 in college. My friends and family think I’m a bit of a nerd, but I’m genuinely fascinated by the story financial statements tell about a business. I have been in the accounting field in different capacities for over 10 years and I am here to help you have the dream ending you always wanted, but first I need to know what that is.

So, let’s talk about it:
https://calendly.com/roi-hello