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...
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...
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...
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...
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?
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.
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!
I recommend the standard mileage method...
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.
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
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.
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.
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 you pay cash or when the transaction is over $75. The IRS allows you to use your bank statement for purchases under $75.
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...
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.
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
BUT THAT LEADS TO...
💰Getting hit with hefty penalties and interest
⌛️Wasting your valuable time
🤯Stressing out over handling the mishap
🥴Lacking insight on how your business is doing and thus making poor business decisions.