How to Create a Profitable Business and Change Your Life
Welcome to the very first episode of Profits + Prosecco Podcast! In episode 1, I am going to be diving into the exciting plans I have ahead for this podcast. I want to share a bit more with you all on my intentions behind starting this podcast as well as the content I plan to be sharing. I have to admit, creating this podcast has been on my mind for YEARS. I am so excited to have finally taken the plunge!
But before we dive right in, welcome to the Profits + Prosecco Podcast! I’m your host, Katie Ferro, CPA, reformed rule follower, creator of Booked Out Bookkeeper, mom to 3 little ones, and Kajabi enthusiast.
This podcast is for entrepreneurs who desire to change their life through their profitable business, and for bookkeepers and accountants who want to escape the 9-5 and start a simple scalable bookkeeping business like I did.
Bookkeeping increases profits and profits change lives. So pop some bubbles and let me show you how!
In this episode, we...
Using Social Media Marketing to Elevate Your Business with Danielle Welch
In this episode of Profits + Prosecco Podcast, I have special guest Danielle Welch joining us. Danielle and I connected about a year ago through a coach we both had in common. Danielle is the owner of Bridge Consulting & Design, a Social Media and Consulting company. Danielle currently works with clients one on one to help manage their social media profiles as well as offering a series of online programs to teach social media marketing for small businesses. Stay tuned to hear all of Danielle’s wisdom when it comes to using social media marketing and elevating your business!
But before we dive right in, welcome to the Profits + Prosecco Podcast! I’m your host, Katie Ferro, CPA, reformed rule follower, creator of Booked Out Bookkeeper, mom to 3 little ones, and Kajabi enthusiast.
This podcast is for entrepreneurs who desire to change their life through their profitable business, and for bookkeepers and accountants who want to escape the 9-5 and start a...
Why Saying "No" is Important for an Intentional Business
In this episode of Profits + Prosecco Podcast, I want to talk about this two-letter word that we often give way too much power to. We let the fear of hearing the word “No” stop us from so many things. “No” shouldn’t be feared. I want to encourage you to be able to hear it, say it, receive it, and respect it. This way, you can move towards a life that you are intended to live while showing up as your best self.
But before we dive right in, welcome to the Profits + Prosecco Podcast! I’m your host, Katie Ferro, CPA, reformed rule follower, creator of Booked Out Bookkeeper, mom to 3 little ones, and Kajabi enthusiast.
This podcast is for entrepreneurs who desire to change their life through their profitable business, and for bookkeepers and accountants who want to escape the 9-5 and start a simple scalable bookkeeping business like I did.
Bookkeeping increases profits and profits change lives. So pop some bubbles and let me show you...
What You Need to Know About the Legal Side of Running a Business with Bobby Klinck
In this episode of Profits + Prosecco Podcast, I am so excited to welcome Bobby Klinck as a special guest! Bobby is a Harvard Law Grad turned online entrepreneur—but he’s NOT your typical lawyer. He doesn't do suits, he hates legalese more than you do, and tends to make lame pop-culture references and dad jokes. I found Bobby through a webinar being advertised a couple of years ago. Since then, I’ve been following him and using his templates. Today, we will be diving into everything you need to know when it comes to the legal side of running a business!
But before we dive right in, welcome to the Profits + Prosecco Podcast! I’m your host, Katie Ferro, CPA, reformed rule follower, creator of Booked Out Bookkeeper, mom to 3 little ones, and Kajabi enthusiast.
This podcast is for entrepreneurs who desire to change their life through their profitable business, and for bookkeepers and accountants who want to escape the 9-5 and start a simple scalable...
Add a Custom Domain to Your Email to Boost Professionalism with GSuite
Business Miles: How they work and what you might be missing
Let's talk business miles! How does the deduction work? What counts as business miles? How can you track them? What's the best app, or do you need one at all?
New Here?
Be sure to sign up for free monthly bookkeeping & tax reminders sent straight to your inbox to be sure you stay on track and never miss a deadline.
There are two ways to deduct auto expenses
The actual method - allows you to deduct the business use percentage of actual auto expenses including gas, maintenance, insurance, and lease payments or depreciation (a specialized calculation of the cost of your vehicle over time). The business use percentage is found by tracking all miles and dividing business miles by total miles driven.
The standard mileage - allows you to deduct 57.5 cents per business mile driven. This means that for each 2 miles you drive you can deduct more than $1 worth of income and save money on your taxes. This adds up!
My recommended method
I recommend the standard mileage method...
How to Be Prepared for Tax Time: Catch up Your Bookkeeping
In this blog post we'll talk about how to be prepared for tax time.
To make things simpler, get your FREE Year-End Tax Checklist now to follow along.
Being prepared for tax time means taking several smart steps to ensure you're ending the year the right way and not just sorting through a shoe box of receipts in April.
Saving money the right way means planning ahead, and I'm here to walk you through this process and make it as simple as possible.
New Here?
Be sure to sign up for free monthly bookkeeping & tax reminders sent straight to your inbox to be sure you stay on track and never miss a deadline.
Also, check out the following blogs that help you take fear out of the numbers side of your biz, save money and stay out of trouble:
How to Use Your Business to Build Your Dream Life
12 Ways to Find More Money to Invest in Your Biz
How to Track Your Profits Simply
Business Receipts: How, When, & Why to Keep Them
Keeping receipts overwhelms most entrepreneurs and if you're like me, paper does too.
If you put a solid system in place and use your business card only for business, keeping receipts is easy and you likely won't ever have to reference them.
New Here?
Be sure to sign up for free monthly bookkeeping & tax reminders sent straight to your inbox to be sure you stay on track and never miss a deadline.
Why keep receipts?
To prove that your purchases were for legitimate business expenses if you were ever questioned under an audit. Example: If you purchase $300 from Target, they want to see you bought office supplies and not bedding.
When do you need to?
When you pay cash or when the transaction is over $75. The IRS allows you to use your bank statement for purchases under $75.
How to make it so you don't need to reference receipts for your bookkeeping:
- Use your business card only for business purchases
- If you are at the store buying both personal and business items,...
How to DIY Your Bookkeeping Without a Monthly Fee
In this post we'll discuss how to do your own bookkeeping without paying for a monthly subscription based software like QuickBooks which can run you roughly $25 per month.
I often see clients coming to me who have been paying for subscription based bookkeeping software, yet either not using it or using it in a way that adds no value and it becomes just another wasted expense versus bringing clarity and value that leads to increased profits, which is my favorite part of bookkeeping when done right.
First thing's first, I typically recommend outsourcing your bookkeeping if you are profitable. It allows you to stay within your zone of genius, add hours back into your work week, relieve a source of stress, and gain clarity in your business that leads to extra money. If you're ready to outsource, book a call and let's chat.
That being said, I do understand that some businesses are just getting started, may be spending more than they're making, but still need to see...
Business Credit Cards: How to Make Them Work for You & Not Against You
If you’re not using a credit card in your business, you might be leaving money on the table.
Some people hesitate to use credit cards out of fear of debt or high interest limits, and believe me, I get that.
In this blog I’ll discuss how business credit card can benefit you, how to avoid getting sucked in to debt, and things to consider when getting a business credit card.
We want to ensure you’re business credit card will work for you versus against you.
New Here?
Be sure to sign up for free monthly bookkeeping & tax reminders sent straight to your inbox to be sure you stay on track and never miss a deadline.
Also, check out the following blogs that help you know your numbers, increase profits, and avoid mistakes:
How to Track Your Profits Simply
How to Increase Income by Setting a Simple Sales Strategy
Where to Start When Starting a Biz
Hi, I'm Katie!
I'm a licensed CPA with 10 years of tax and accounting experience, fellow entrepreneur, & mama of three little ones.
I'm highly passionate about helping business owners increase their profits so they can live out their purpose long-term and make serious changes in their lives.
I do this by taking your bookkeeping off your plate, helping you plan for taxes, increase your profits, understand what's working in your business, and allowing you to get back to your true zone of genius.
Sounds good?
YOU NEED REMINDERS. I'VE GOT YOU COVERED.
Sign up for monthly tax deadlines and bookkeeping reminders so you stay on track all year long and never miss a deadline.
DIY YOUR BOOKS WITH EASE WITHOUT A MONTHLY FEE
No, you don't actually need QuickBooks.
If your business is new and you're either NOT profiting yet or not making quite enough to justify the cost of a monthly bookkeeper, then the Profit and Loss Workbook inside the Small Biz Starter Kit is the answer to your prayers.
Simple, sleek, smart, and even SEXY, this spreadsheet makes doing your books something you look forward to.
Love my site? me too.
Everything you see is 100% Kajabi and as easy to make as it is beautiful!
GET HELP WITH PAYROLL
If you are an S Corp owner or have employees, you need to be running payroll.
As in, paying yourself and your employees on actual paychecks, with taxes taken out, and paying those taxes to the state and federal governments on quarterly and annual tax returns.
Payroll can be a cumbersome beast which is why I partner with the experts who have a solid system that makes paying yourself and others a breeze.
