Author: stonesbookkeeping1

Businesses often fail because of lack of cash, they simply can’t out earn the payments on their debt. One of the top causes of divorce is money, again I feel that mismanagement of debt is the major cause of this. The payments add up: mortgage, car, cell phones and credit cards, and that doesn’t account for student loans or even just living expenses like food or utilities. Eliminate your debt and start paying cash, the only loan you should have is a mortgage. The link I am providing is to Dave Ramsey’s page, if you need help with this message me. Make a change to take control of your finances and future.
#money #personalfinance #debtfree

https://www.daveramsey.com/blog/7-characteristics-of-debt-free-people

I don’t think we can afford to do this again. We are massively in debt and the thought of adding huge additional sums to our liabilities is scary. I worry about how this will be paid at some point, or do we go bankrupt eventually under the weight of this untenable situation. My experience at Hostess taught me the hard way that eventually your chances run out.#nationaldebt#financialcrisis#reliefpackage

https://www.massagebook.com/Albert_Lea~Massage~its-worth-it-massage-studio#about

Estimating Federal Tax Liability, it is Monday so we may as well touch on an important calculation. If you are under paying your quarterly taxes you can incur penalties and interest, and nobody wants that. I am linking below the IRS calculator for the estimations. You will need your income up to this point, this of course includes profit from your business to this point. If you need help with this message me, or email me at stonesbookkeeping1@gmail.com I would be glad to help.
#estimating #taxes #knowyournumbers

https://www.irs.gov/individuals/tax-withholding-estimator

I refuse to participate in the Recession! What a powerful statement. Historically recessions and depressions create opportunity to build great wealth. Much of that depends on our attitude. Just because we are stuck home, or laid off, perhaps hours are cut doesn’t mean we are doomed to fail. Warren Buffet famously says “buy when others are selling”. I am going to do everything I can to maximize this time and build for the future and the great things we will do, Join Me!

#positivity #greatness

#BNI

https://www.entrepreneur.com/article/352706

Will your business fail? According to the article from Entrepreneur I link below 34% of small businesses fail by the end of year two. In the article if you look at the top reasons 29% run out of cash and 82% have cash flow problems. I believe this is due, in part, to a lack of follow through on bookkeeping and financial results. If you are setting up a new business message me, I can help you get started on the right foot. Struggling with your books call me, I can help you get set up with systems to remove this stress and have a great set of financials for your business.#knowyournumbers #accounting

#bookkeepinghttps://www.entrepreneur.com/article/296491