Trailhead Accounting Solutions, CPA, LLC

01/06/2023

Colorado business owners. Have you heard of the new FAMLI payroll tax that went into affect Jan 1st? The state has lots of great resources, if you need to learn more & get your business signed up! Double check your payroll system is updated with this new payroll tax as well.

Don’t wait. FAMLI is live!

06/17/2021

I enjoy gardening, digging in the dirt, and being rewarded with a display of colorful flowers! Over the years I've had less time to spend playing in the dirt. Instead of throwing in the towel on gardening, I decided to figure out how to xeriscape my garden. Xeriscaping takes much less effort, uses a lot less water, and I still get to enjoy the benefits of a colorful garden.

Reminds me of running my business. What are tasks that can be automated, simplified, or changed to help streamline your workflow?

Your customers enjoy the same, if not better results. It frees up employees' time to focus on meaningful tasks. And clears some room on your plate for innovation and tasks you enjoy.

What's one thing you're going to do this week to simplify or automate a step in your business?

06/15/2021

Hey money making entrepreneurs. Don't forget Uncle Sam is waiting to receive your quarterly estimated tax payment today.

If you use QuickBooks Online, check out my video to help walk you through the process
https://www.youtube.com/watch?v=OsjZl1aRy9A&t=2s

Learn how to use QuickBooks Online (QBO) to calculate Quarterly Estimated Tax Payments with Michelle Edwards, CPA and Trailhead Accounting Solutions CPA.Look...

05/20/2021

You are your best money making asset! I challenge you to learn a new skill. Go deeper in your current skillset or learn a new money making skill in your industry.

Your knowledge will rise you above your competition. Allowing you to attract premium clients interested in paying premium prices! 🔥 🔥 🔥

Come expand your financial knowledge in our new Facebook community! Click the link to join! www.facebook.com/groups/budgetboss

05/06/2021

Are you prepared for a rainy day in your business? As we all know, life happens. Computers break, customers who typically pay in 30 days starts paying in 45-60 days, customers come & go, vendors increase prices, etc.

Your emergency fund helps your business weather the storm, provides you with a sense of peace, and allows you to step back and make smart & strategic decisions instead of rash spur of the moment decisions.

On average, it's recommended businesses have 3-6 months of operating expenses in their emergency fund.

However, it depends on your business... if you operate a R&D company or a fast growing company that's quickly burning though capital, 6-9 or even 9-12 months might be a better option. Same thing for seasonal businesses. If you run a very stable company where your revenues & expenses are very predictable month after month, you might be OK with a 3 month emergency

🔥 🔥 Take action today! Contact your bank and set up a savings account. Start putting aside money every week. Even if it's only $50, $100, $1,000/ week. You'll be surprised how fast it grows!! 😮

💰 Want more money tips? Come join our new Facebook group! 💰 Facebook.com/groups/budgetboss

05/04/2021

Want to make more money? 💰 💰 💰
I challenge you to research your market rate. Most small business owners are afraid to charge a premium for their products and services.

Raise your prices!!

1. You'll improve your cash flow.

2. Enjoy increased revenues.

3. Attract a higher clientele looking for quality work.

4. Afford to hire help when you need it.

Join us in my new Facebook group! Budget Boss - Financial Literacy for Business Owners! Link in bio.

04/30/2021

Do you process payroll through Intuit/QuickBooks? For many companies today's payroll did not go through and employees did not get paid. If you're having issues with your payroll, here's the link to Intuit's support updates.

http://status.quickbooks.intuit.com/?fbclid=IwAR3eFFMBp-BMiT87xR_k_JrlVO8BgpZdKiEQRNtrWmknK4v6jeD7RE6PdqQ

Welcome to QuickBooks's home for real-time and historical data on system performance.

04/28/2021

Do you know how much it costs to run your business every month, week, and day?

Knowing where your money goes helps you act like a CEO and make strategic decisions about your business.

Are these costs necessary to help you reach your growth, profit, and wealth goals?

Check out our CFO advisory services where we help business owners get a handle on their finances and help them feel confident with the numbers side of their business.

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04/22/2021

Happy Earth Day! Here's a simple trick to save trees & reduce the paper clutter on your desk! Not to mention, it makes paying bills a breeze.

04/05/2021

Did you know, April is National Financial Literacy month? What financial topics would you like to learn more about?

04/02/2021

Finally some warm weather! Although I think Jasper prefers the snow. I'm looking forward to playing outside this weekend! What are your fun weekend plans?