Kzoo Bookkeeping

Kzoo Bookkeeping Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Kzoo Bookkeeping, Accountant, Kalamazoo, MI.

The short answer is: this is a very personal decision!But, here are a few things to consider before you quit your full-t...
03/12/2025

The short answer is: this is a very personal decision!

But, here are a few things to consider before you quit your full-time job to pursue your business:

INCOME REPLACEMENT

Shooting for 20-30% more in net income than you currently earn in your full-time job to cover additional self-employment taxes and benefits is a great goal!

REVENUE RELIABILITY

You probably don't want to quit your job the very first month your business's income can replace your W-2 income! Especially if you're in your first year of business, you want to see how your business performs at all times of the year.

STABILITY

Being a business owner can be incredibly rewarding, but having W-2 income and benefits is an underrated perk of being an employee! Having this conversation about the tradeoffs is important before you go all in on your business.

Lastly, before you EVER consider quitting your job to go full-time in your business, you need to make sure you know your numbers!

This post is for the business owner who:- Has been doing their own books but isn’t sure that they’re 100% correct- Hasn’...
01/13/2025

This post is for the business owner who:

- Has been doing their own books but isn’t sure that they’re 100% correct

- Hasn’t had the time to do their own books and is behind

- Has someone doing their books but your accounts aren’t reconciled and your financial statements aren’t up to date

If this sounds like you send me a message and learn about my catch-up/clean-up services and let’s get your books tax return ready!

Feeling nervous about raising your prices?Use these four tips to move forward a little more confidently: ⤵️COMMUNICATE E...
12/16/2024

Feeling nervous about raising your prices?

Use these four tips to move forward a little more confidently: ⤵️

COMMUNICATE EARLY

Share your price increases early enough to give your clients time to prepare and adjust their budgets (and expectations).

HIGHLIGHT YOUR VALUE

Have you added additional value to account for your price increases? Make sure your marketing shares *exactly* what extra value-add you’re giving!

CONSIDER GRANDFATHERING

Does it make sense to keep your current clients at their current rates and just increase your rates for new clients? Grandfather your existing clients in!

DON’T TAKE IT PERSONALLY

One of the natural responses to price increases is attrition! Try not to take it personally if any clients aren’t able to make your new prices work in their budget.

Consider this your friendly reminder to send me your bank statements so I can get your November bookkeeping done! 📚✅
12/10/2024

Consider this your friendly reminder to send me your bank statements so I can get your November bookkeeping done! 📚✅

I know it's only November, but you'd be shocked just how fast the 1099 deadline in January will sneak up on you! 😮One of...
11/14/2024

I know it's only November, but you'd be shocked just how fast the 1099 deadline in January will sneak up on you! 😮

One of the biggest problems my clients face at the start of the year is having to chase down W-9s from their contractors.

You'll need this form to help you accurately file their 1099 as it contains their contact information, tax classification, and their EIN or SSN!

Want to avoid this scramble next year? ⤵️

Make requesting a signed W-9 from each of your contractors a part of your standard onboarding procedures. Then, double-check that you have this form on file a second time before you send their first payment.

They're scared their books are going to be the WORST I've ever seen! 📚🫠Letting someone in on your business's books can b...
11/13/2024

They're scared their books are going to be the WORST I've ever seen! 📚🫠

Letting someone in on your business's books can be incredibly intimidating, but here's what you need to know:

I'm NEVER going to judge you or your business based on the state of your books. 🚫

In fact, choosing to hire me is a sign that you're invested in running a serious, long-term business.

My goal is to work with you to get your books caught up and leave you feeling EMPOWERED to make informed decisions about your business!

Want in on financial confidence? Send me a message to get started 🖥️

Here's what I mean by can your business *afford* something:While you might have the cash available in the bank at this E...
11/11/2024

Here's what I mean by can your business *afford* something:

While you might have the cash available in the bank at this EXACT moment to pay for a purchase, will this cash outflow throw off your cash flow? 💵

Negative cash flow can be a business killer, and if you aren't positive that you can comfortably afford a new purchase, it's time to invest in a bookkeeper.

Using leverage (a fancy word for debt) can be a really useful tool to help you grow your business! 🚀But, if you want to ...
11/07/2024

Using leverage (a fancy word for debt) can be a really useful tool to help you grow your business! 🚀

But, if you want to take out a business loan, you're going to need to get your bookkeeping in order.

Here are a few things your lender will usually ask for:

→ Your business’s year-to-date financial statements to substantiate your income

→ At least 2 years of past tax returns

→ Your formation documents, licenses and registrations, ownership structure, and potentially any important contracts (like leases or vendor agreements)

If you think this is something you'll want to do in the future, let's chat now so you can get ready to go! 💰

Even if you have the PERFECT business budget created, you need to make sure you don't forget to include these annual exp...
11/06/2024

Even if you have the PERFECT business budget created, you need to make sure you don't forget to include these annual expenses in the month they usually occur:

🏦 Property Taxes
📄 License Renewal Fees
💰 State Filings
🖥️ Website Domain Fees
🧾 Membership Dues
🔏 Insurance Premiums
🔢 Tax Preparation

My clients ALWAYS appreciate when I'm able to warn them of a big upcoming expense, and it's all because of clean bookkeeping! 📚

Here's what I consider when I'm quoting you on monthly bookkeeping services: ⤵️TRANSACTION VOLUMEYour pricing is going t...
11/05/2024

Here's what I consider when I'm quoting you on monthly bookkeeping services: ⤵️

TRANSACTION VOLUME

Your pricing is going to be a lot lower if you have just 50 monthly transactions and one bank account compared to pricing for a business that runs 50+ transactions a day! 📈

COMPLEXITY OF YOUR BUSINESS

Your pricing can be affected by your industry, business structure, and any unique needs for your business.

SPECIALTY ADD-ON SERVICES

If you need additional services, these will also factor into your bookkeeping costs. 📚

Want to find out what YOUR bookkeeping needs would cost? Send me a message and we can get started.

✋ STOP SCROLLING! ✋You NEED to read this if you're a business owner in the U.S.If you haven't already heard about the ne...
11/04/2024

✋ STOP SCROLLING! ✋

You NEED to read this if you're a business owner in the U.S.

If you haven't already heard about the new BOI reporting requirements, buckle up!

As part of the Corporate Transparency Act, many businesses (LLCs, corporations, and other similar entities created by filing a document with a secretary of state or equivalent office) now need to file a Beneficial Ownership Information report.

📅 When do you need to file by?

Your deadline is based on when your business was formed.

For businesses formed BEFORE 2024, you have until the end of this year to file.

For businesses formed in 2024, you have 90 days after your business's registration to file.

Moving forward, businesses formed in 2025 and on will have 30 days from their registration to file.

Here's the good news: you can file your BOI report for free, on your own, and it should only take about 15 minutes! ✅

Visit www.fincen.gov/boi for more information!

If you haven't done your bookkeeping in 2024, this post is for you! 🫵Almost every new client I'll onboard at the end of ...
11/04/2024

If you haven't done your bookkeeping in 2024, this post is for you! 🫵

Almost every new client I'll onboard at the end of the year needs a 2024 bookkeeping catch-up/clean-up to prepare for their taxes.

WHO IS THIS FOR?

Any business owner who:

→ Has been doing their own books but isn't sure that they're 100% correct

→ Hasn't had the time to do their own books and is behind

→ Has someone doing their books but your accounts aren't being reconciled and your financial reports aren't up-to-date

If this sounds like you, send me a message to learn more about my catch-up/clean-up services and claim your spot for November! 🖥️

Address

Kalamazoo, MI

Telephone

+12693126680

Website

Alerts

Be the first to know and let us send you an email when Kzoo Bookkeeping posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Kzoo Bookkeeping:

Shortcuts

Share

Category