When was the last time you thought about your books outside of tax season? If you’re like most business owners, you probably only think about bookkeeping when the tax deadline is staring you in the face and it’s time to meet with your accountant.
But here’s the deal: bookkeeping is a year-round power tool that aligns with your gut instincts. When used correctly, it can drive growth, boost clarity, and give you that peace of mind you’re desperately craving.
If you have ever asked yourself: “Will I have enough cash to make this work?” but don’t know the answer? And then you decide to go for it anyway? And then your cash flow becomes nonexistent?
Bookkeeping Is Your Dreams In Number Format (for you and your clients)
You are brilliant at what you do. You light up when you are in the zone. You feel it when you are making magic for your clients. And then you have to worry about financials…and you get the ick. Making sure you are profitable feels yucky and takes away from the passion of why you do what you do.
But here’s the truth: Making a profit is not the enemy. Making sure that you are building enough into your profit margins to pay your taxes is crucial to your business sustainability. You can only do that if your bookkeeping stays updated all year versus right before you go see your accountant.
Plan for Anything: From Opportunities to Emergencies
Life doesn’t stop throwing curveballs… Clients disappear. Equipment breaks. The IRS starts sending “friendly” letters. But when your books are up to date, you know how much you need to bring in via sales to save for your tax bill. You’ve got solid financial reports, cash reserves, and a roadmap to guide you through whatever unexpected challenges or opportunities pop up. When you’re prepared, you are actually MORE CREATIVE with your clients in the magic you make for them (and for yourself).
Tax Time? Easy Breezy
Tax season isn’t exactly a business owners most favorite way to spend their hard earned income. But it is a part of doing business and it isn’t going away. With your books in order all year long, tax prep becomes second nature to you. You know your prices are set on data to cover your taxes so it becomes easier to pay your quarterly taxes.
Plus, with your books always updated for the dreams you are creating, there will be no more mad dashes to find missing receipts or doing the “I’ll get back to you on that” dance with your accountant at tax time. You’ll just hand over your perfectly organized books and file them on time. No extensions, no late fees, no interest payments. Dreamy, yes? Possible for you? Absolutely!!!
My CFO Can Help You Make It Happen
At My CFO, we don’t just crunch numbers, we help you align with your gut feelings. We remind you that having a profit is part of business and isn’t selfish. Paying your taxes is routine and will always be a part of your budget. Whether you want to hand it all off or just need help getting things sorted, we’re here for you.
After all, profit isn’t a happy accident, it’s a plan, and cashflow isn’t luck, it’s strategy.
