MyCFOlink

MyCFOlink

Visit us at www.MyCFOLink.com. Consider us your full-scale business consulting and accounting firm.

We offer superior financial, accounting and tax services to entrepreneurial startups, established businesses and valued tax clients. MyCFOLink extends its respected 20-year reputation as a CFO advisor to entrepreneurs and small businesses who want to grow their companies. Brett Backues will partner with you to help you bring your business vision alive and increase your profitability.

01/09/2024

twitter.com

12/01/2023

The ugly things nobody talks about as small business owners:

•You are fully dependent on yourself to pay your bills and when you are in the first 2-5 years it’s real dicey.

•There’s no salary, no benefits, no insurance, no weekends off, no sick days, no taking the day off when you don’t have childcare, no ever being “done”…ever.

•Social media does not support small businesses. In fact they’ve made it 10x harder (not an exaggeration) to build and grow now. We work twice as hard for a quarter of the reach.

•Once you force yourself to hire employees (because you can’t do it all)…you pay them before you pay yourself.

•Small business loans aren’t for small businesses

•People will think you’re a millionaire because you make sales and “look successful” when you’re barely a $2-aire because you have to reinvest every single dollar for the first few years.

•You feel like you’re letting down almost everyone in your life because there’s not enough of you to go around.

•Some days feel really really lonely

•Opening a shop and trying to keep your ecommerce biz alive during a “challenging financial climate” is for the dang birds. The. Dang. Birds.

•The weight of peoples expectations on you feel really heavy sometimes. They’re quick to let you know how you’re falling short

•You work 365 days a year and 16 hours a day

•It takes 47 days to respond to texts, messages and emails even if the answer is “ok”

•You watch people doing huge things around you and you have to keep your peace and stay focused and not allow comparison to creep in

•You’re desperate for a vacation butttt the whole $2-aire thing

•Some days I want to cry…but oddly enough, I never want to quit.

…BUT you keep going day in and day out because you believe in what you’re doing with all of your heart. It’s a deep knowing. Because it calls you and because you believe you’re building the foundation for something beautiful. This is the stuff nobody wants to talk about or push through but in the end I know we will look back and know we helped pave the path for others with big dreams!

And just to be extra honest, I’m not sharing this for pity at all but it’s been a rough year and sometimes it helps to lay it all out. I’m not an internalizer 🤣 This isn’t an easy journey and it gets exhausting waking up to a new hurdle every single day. I know it’ll be ok and I know we are on the right path, but we are tired…so tired lol •••> Also, if you know any other small business owners please know that this translates to them as well and give them so much grace…and a hug and maybe some wiskey or a cookie lol.

Stolen from another small buisness owner. But boy does it hit home and absolutely true.

Study finds ChatGPT struggles with math, unlikely to replace accountants 04/30/2023

https://www.foxbusiness.com/markets/study-finds-chatgpt-struggles-math-unlikely-replace-accountants

Study finds ChatGPT struggles with math, unlikely to replace accountants A Brigham Young University-led study has found that AI language model ChatGPT is susceptible to simple mathematical errors and is often an unreliable accountant.

03/08/2023
Timeline photos 12/01/2020

2021 is going to be an amazing year!!

Stop waiting for the perfect time to start something.

Quit talking and begin doing!

09/08/2020

Bookkeeping & Payroll job opening
FREE - North Bend, Washington

You have always felt like people don’t understand accounting. You love bookkeeping, and the whole bookkeeping process, because it gives you a chance to do what you do best – to help business people solve business problems. You are not afraid to have real conversations, to ask the question everyone else may or may not be thinking. You have excellent time management skills and are motivated to get results. You enjoy working with a team to help you develop your professional skills, and to contribute to the team’s focus of continuous improvement.
We are a growing CPA firm providing services to families and businesses, including income tax preparation, tax planning, bookkeeping, and business consulting. We strive to help business owners succeed by focusing their efforts in meeting their goals. A big part of this effort is to streamline the bookkeeping and payroll functions for several clients.

You are:
• Detail-oriented
• Computer savvy
• Organized and self-motivated
• Always curious how you can improve the process
• Always seeking how you can better help your team and clients
• A professional communicator, verbal and written
• Results-driven
• Fun to be around

You have:
• Two+ years bookkeeping experience in a computer environment, including bank reconciliations
• Two+ years working in a small business office environment
• Two+ years working with MS Word and Excel
• At least one year working with a CRM system
Technologies we use:
• CRM system based on MS Access, also used for tracking our time for billing
• MS Outlook
• MS Office (Word, Excel, Powerpoint)

If this sounds like you, and you live near Issaquah, we would love to talk! Please EMAIL the following to [email protected]
• A letter introducing yourself
• Your resume

Self-Employed With No Employees? You Can Still Get a PPP Loan 05/08/2020

Self-Employed With No Employees? You Can Still Get a PPP Loan Here is some clarity for frustrated sole proprietors across America.

04/19/2020

The Roaring River Bed and Breakfast Roaring River Bed and Breakfast

Coronavirus (COVID-19) 03/25/2020

https://www.sba.gov/disaster-assistance/coronavirus-covid-19

Coronavirus (COVID-19) SBA Disaster Assistance in Response to the Coronavirus

ESDWAGOV - For workers and businesses affected by COVID-19 (coronavirus) 03/25/2020

https://esd.wa.gov/newsroom/covid-19

ESDWAGOV - For workers and businesses affected by COVID-19 (coronavirus) FREQUENTLY USED LINKS About the agency News releases Jobs with Employment Security Governors Committee on Disability Issues and Employment (GCDE)

11/03/2019

Here at MyCFOLink, we can do your accounting for you.

10/31/2019

5 Reasons I Don't Collect A 'Candy Tax' From My Kids At Halloween

Halloween candy and taxes, well it can be complicated. :-)

https://dgmt.se/s/bYbusUJG

forbes.com I don't collect a "candy tax." The candy tax is a parenting trend where you purport to teach your kids about responsibility by stealing some of their candy levying a "tax" on their trick or treat loot. The tax can be as much as one-third of the candy "earned" on Halloween. The tax, which is levied i...

10/29/2019

The 10 Best Tips To Prepare For Tax-Filing Season | Bankrate.com

10 tax-planning tips. Stop by and let us help you with your personal and business taxes.
https://dgmt.se/s/bYcqSvkI

bankrate.com Follow these tips to maximize your tax refund next year.

10/24/2019

5 Invoicing Mistakes To Avoid As A Freelancer | InvoiceBerry Blog

Here are 5 invoicing mistakes that are more common than you would expect for small businesses and startups.
https://dgmt.se/s/bXRq7sLF

invoiceberry.com Invoicing might seem like a straightforward task but if you want to perfect the art - you need to stop making these five commong invoicing mistakes.

10/22/2019

How Do Tax Brackets Actually Work?

How does progressive taxation work? Regressive, Proportional, or Progressive, understanding how the tax system works is a good start. https://dgmt.se/s/bXNetXVT

SUPPORT us on PATREON: https://www.patreon.com/twocentspbsds SUBSCRIBE to Two Cents! https://goo.gl/jQ857H It takes the average American 13 HOURS to file the...

10/20/2019

This is where your skills come in to play.

10/17/2019

Holiday Giving Guide : Charity Navigator

"Giving is Good. Smart Giving is Great!" If you are going to participate in the year-end charitable giving this coming holiday season, than here is a good guide to assist you.

https://dgmt.se/s/bXLNLqLG

charitynavigator.org If you choose to participate in the year-end charitable giving season, then we encourage you to take the time to ensure that your donations are doing the most good for the causes you care about. To assist you in conducting your due diligence, we've created this Holiday Giving Guide.

10/15/2019

Fielding a Fantastic Financial Team

Even a small business needs a strong financial team, which is what we put together for our clients at MyCFOLink

https://dgmt.se/s/bXJ967rI

y10p.com What would happen if in a critical baseball game, the shortstop decided to play pitcher? Or the outfielder decided to play catcher? Or the pitcher was switched to cleanup hitter and expected to hit home runs? In most ...

10/13/2019

Let us help you with your bookkeeping so there is no need to be creative. :-)

10/10/2019

5 steps to get ready for your 2020 taxes. https://dgmt.se/s/bXurA5ZX

10/08/2019

5 Bookkeeping Tips For Small Business Owners | QuickBooks Australia

5 Bookkeeping tips worth reviewing. https://dgmt.se/s/bXsXrAO2

quickbooks.intuit.com If you’re in the throws of starting a new business, now’s the time to get a bookkeeping strategy when it comes to your bookkeeping. Keeping track of your income and expenses, recording-keeping of receipts and monitoring your invoices are all part of the job. Here are 5 bookkeeping tips for small...

10/06/2019

Give credit and take blame and your great employees will make you shine.

10/03/2019

Your First Look At 2020 Tax Rates: Projected Brackets, Standard Deduction Amounts And More

Here are what the rates are expected to look like in 2020. https://dgmt.se/s/bXeCcuSs

forbes.com The U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) has increased by 0.1% for August, after rising 0.3% in July. Here’s what that means for taxpayers in 2020, together with a first look at predicted rates for the next year as calculated by Bloomberg Tax & Accounting.

10/01/2019

Basics of Small Business Accounting: 10 Steps to Get Your Company on Track

10 steps to get you company financially on track.
https://dgmt.se/s/bWYYg9VJ

shopify.com Small business accounting is critical for all businesses that wants to properly manage their finances and actually stay in business. In this post we will take you through 10 essential accounting steps for small businesses, so you'll know where to get started and what immediate steps to take.

09/29/2019
09/29/2019

Employee retention is important, but you also want to train those that you want to retain..

09/26/2019

13 Accounting Tips to Keep the Books Balanced | ScaleBlog

13 great tips for small businesses’ bookkeeping. When you get to number 7, give us a call. :-)

https://dgmt.se/s/bWXP5C1A

scalefactor.com Running a business is hard. Keeping your finances in order is even harder. If you follow these simple accounting tips, everything will be that much easier.

09/24/2019

http://money.com

Need to get out of the procrastination slump, here are some ideas to try.

http://money.com/money/5653355/how-to-stop-procrastinating-from-top-business-leaders/

money.com Personal finance news and advice from Money.com.

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Telephone

Address


455 Rainier Boulevard N
Issaquah, WA
98027

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm