Kate & Co. Bookkeeping

08/25/2026

Hello all- I hope you have enjoyed your summer!!!!

As we begin to roll into fall I know that you are beginning to think about year end. Thinking about catch up and clean up before tax returns are due or maybe an extension.

At this time, my client roster is full and I am unable to accept new clients. I appreciate all of your referrals and inquiries!

However, I do partner with Iron Rose Bookkeeping here in Statesville, NC. I highly recommend Kitty. She is knowledgeable, detail orientated, thorough, by the book (GAAP Standards) and her personality is unmatched 😊. She is Quickbooks Advanced Online certified as well as Xero partner certified.

Please reach out to her today for all your bookkeeping needs!

04/20/2026

02/09/2026

12/23/2025

very business sees “healthy profit” differently, but having a benchmark helps you see whether your pricing and expenses are actually working for you.

Here are a few general examples:

➡️ SERVICE BUSINESSES:

👍 A good profit margin might be 30-60% because overhead is usually low.

👎 A bad margin might be under 20%, which often means you’re undercharging or overspending.

➡️ PRODUCT-BASED BUSINESSES:

👍 A good margin is often 20-40% after cost of goods sold.

👎 A bad margin might be under 10%, which can quickly drain cash flow.

➡️ DIGITAL OR ONLINE BUSINESSES:

👍 A good margin can be 50% or higher because production costs are low.

👎 A bad margin would be anything that leaves you with very little profit after ads, software, or contractor costs.

‼️ Good margins give you room to grow, save, and breathe. Poor margins make it tough to keep up, hire, or pay yourself consistently.

If you want personalized insight based on your industry and business model, connect with us, and we will go through it together.

We’re here to help you understand your numbers with confidence.

12/20/2025

You don’t have to be completely debt-free to have a healthy business. 🙌
What matters most is knowing which debts are helpful (fueling growth) and which ones are heavy (holding you back).
One way to start paying down your debt is to start tackling the heavy stuff first, like high-interest credit cards or loans that don’t bring any return.
Then, manage the helpful debts that actually move your business forward.
Debt isn’t always a bad thing - it’s a tool. You just need to know how to use it wisely!
Your business + smart debt = more growth, less worry 🌿💸
✨ Need help figuring out which debts are helping vs. holding you back?
Let’s take a look at your numbers together, so you can make a plan that feels lighter and more doable.

12/19/2025

1099 season is right around the corner! 👀
Don’t wait until the last minute - by then, inboxes are full and replies are slow. (😬!)
Take a moment now to review your info and save yourself the stress later.
❓: Who gets a 1099?
✅: An independent contractor (not an employee) you’ve paid $600 or more during the year for services. This includes payments made via cash, check, ACH, or services like PayPal friends and family, Venmo, and CashApp.
❓: What do I need from them?
✅: A completed IRS Form W-9 with their name, address, and tax ID.
❓: How do I file 1099s?
✅: You can file electronically through the IRS or via tax software like Track1099 or Tax1099. You can also mail paper forms
❓: When are 1099s due?
✅: They must be sent to contractors and the IRS by January 31.
Have questions? Drop them in the comments - we’re here to help!

12/17/2025

Your bookkeeper called - they’d like to sleep at night. 😅
Here are a few things that make us nervous behind the spreadsheets - and how you can avoid them like a pro.
✨ Clean books = calm mind, stronger business, and no surprise tax bills.
Need help getting it all organized? That’s kind of our thing. Send us a message! 💌

12/16/2025

Your loan payment isn’t just one single expense (it actually has two parts!)
If you lump the whole payment together, your reports won’t reflect reality.
✅ Split each payment:
➡️ Principal (amount you borrowed) → reduces the loan balance
➡️ Interest (the cost of borrowing) → an actual expense
What that actually means: Principal affects your balance sheet, while interest affects your income statement. Recording separately shows how much you’ve paid down vs. the cost of borrowing.
If you want cleaner numbers (and more peace of mind), we’re here to help. Send a message anytime! 💌