Browning Consulting, LLC

Running a business is a continuous learning journey. Here are four financial tips that many small business owners wish they had known when they first started out:

1. Separate personal and business finances.
2. Seek professional financial advice or support early.
3. Develop financial management skills from the beginning.
4. Learn and understand financial metrics.

What financial advice has helped you the most?

Implement these strategies to maintain a healthy cash flow and enjoy a successful summer season:

1. Plan for seasonal trends and anticipate changes in sales and adjust your budget accordingly. You can use past data to predict seasonal variations.

2. Attract more customers with special summer promotions and increase sales during the slower months.

3. Speed up your receivables by offering early payment discounts or using electronic invoicing.

4. Keep a close eye on your cash flow by reviewing it weekly. Use accounting software to automate and streamline this process.

And most importantly, ensure your financial records are up-to-date and precise so you can make informed decisions and maintain a healthy cash flow in any season.

Need help keeping your financials in order? We can help! Schedule a call today.

If you’ve noticed any of the signs here, you should start exploring your options to find accounting software that can help you manage your finances better.

Hiring a bookkeeper for the setup can help you get started on the right foot and ensure everything is set up correctly saving you time and money in the long run!

We're happy to help! Book a call with us today!

As a business owner, there are two important things you want to keep—time and money. That’s why you need to create a budget and stick to it.

Take on the challenge and see the difference it makes! Share how the challenge went with us! We’d love to hear about your progress!

These lessons have shaped my approach to bookkeeping and helped me provide the best service to my clients.

Ready to take your business finances to the next level?

Contact us today for professional services and ensure your financial records are in expert hands!

🌟 Now accepting new clients! We'd love the opportunity to work with you!

Let us handle your bookkeeping needs so you can focus on what you do best—running your business!

Contact us today to get started!

Take a break and enjoy the sunshine while we handle your financials!

Here's how we can help:
✅ We keep your finances in order and up-to-date so you can focus on what matters most.
✅ We help you save time and reduce costs by outsourcing your bookkeeping to the professionals.
✅ We offer personalized bookkeeping solutions to fit your unique business needs.

Enjoy a stress-free summer knowing your finances are in good hands. Schedule a call with us today!

Wishing everyone a safe and joyful Fourth of July!

Are you watching the fireworks this Fourth of July?

Looking to improve your business’s financial health this month?

Here are five effective strategies to help you budget and save in your business:

1. Keep a detailed record of all your expenses. Track them regularly to stay on top of your financial health.

2. Create specific budgets for different departments or projects. Stick to these budgets to avoid overspending and stay on track.

3. Use accounting and financial management software to streamline processes, reduce errors, and save time.

4. Don’t hesitate to negotiate better terms with your suppliers. You might be surprised at the savings you can achieve.

5. Set aside a portion of your profits for future investments and unexpected expenses. Having a financial cushion can prevent cash flow issues and ensure long-term stability.

Looking for a professional to help you with managing your business finances?

You've come to the right place! Book a call to learn more about how we can help you!

Here are 4 effective tips to fight summer slowdowns and ensure sales figures rise along with the temperatures this year!

If you found these tips helpful, don't forget to like, share and follow if you haven't already.

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Having a robust emergency fund is essential for your business's financial stability. Here’s how you can maximize it:

1. Set clear goals
2 . Automate savings
3. Cut unnecessary expenses
4. Increase revenue streams
5. Monitor cash flow
6. Prepare for seasonality
7. Avoid unnecessary debt
8. Keep your emergency fund in a high-yield savings account or money market account to earn more interest.

By following these steps, you’ll build a strong safety net that can help your business weather any storm.

We help you stress less and keep better books. Schedule a call to learn more!

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Before diving into DIY bookkeeping, consider whether the potential savings are worth the challenges.

Sometimes, investing in a professional can save you money and stress in the long run!

Let us take care of the "numbers" for you.

My job is to not only keep your books up-to-date and accurate, but also to help you see how the data resulting from well-kept books helps you become a confident CEO.

Schedule a call to learn more about how I can help!

The best way to teach your kids about taxes is by eating 30 percent of their ice cream.

Trying to reduce your overall tax burden? Working with a Tax Strategist can help!

To learn more, schedule a call with us today.

The stats are in! 📊 Running your own business has its rewards, but it's not without its challenges.

Here are some of the top dislikes of business ownership, according to recent statistics.

What do you find most challenging about running your business?

Share your experiences in the comments!

Reference:

https://www.score.org/resource/infographic/infographic-small-business-credit-capital-and-cash-flow

📈 Looking to boost your profits without raising prices? Here are some smart strategies to consider:

1. Streamline operations, negotiate with suppliers, and outsource non-core activities.

2. Expand your market, enhance marketing efforts, and improve customer retention.

3. Introduce new offerings and upsell/cross-sell to existing customers.

4. Invest in technology and train employees to boost productivity.

5. Consider dynamic and value-based pricing.

By combining these strategies, you can increase your profits effectively.

Have a question about your business finances? Drop them in the comments below.

The best time to start tax planning is right after tax season ends. Here’s 5 reasons why getting a head start can benefit your business:

1. Allows you to identify opportunities early.

2. Helps you regularly track income and expenses to ensure accuracy and compliance.

3. You can adjust your tax strategies based on changes in tax laws or your financial situation.

4. Helps you plan your purchases and expenses to maximize eligible deductions.

5. You will receive expert advice on tax planning strategies tailored to your business.

Starting your tax planning early gives you ample time to implement strategies that can reduce your tax burden and improve your financial health.

Start your tax planning now to maximize savings and stay ahead of the game. Contact us today for expert tax services and personalized strategies!

Before diving into DIY taxes, consider whether the potential savings are worth the challenges.

Sometimes, investing in a professional can save you money and stress in the long run!

Let us take care of the tax stuff for you.

My job is to not only keep your books up-to-date and accurate, but also to help you have a stress-free tax season.

Schedule a call to learn more about how I can help!

Here are three overlooked tax savings strategies to consider as a business owner.

1. If you run your business from home, you may be eligible to claim a portion of your household expenses, such as rent, utilities, and internet.

2. The tax benefits of eligible charitable donations are available and you may earn tax credits which can lower the amount of tax you owe.

3. Open a HSA (Health savings account). The amount you contribute to an HSA is tax-deductible.

Always consult with a tax professional to advise you on money saving strategies that will fit your specific tax situation.

Whichever tax strategy you embark on, don't do it alone! Get the best advice available from your tax professional before you make a move.
Book a call today!

Summer is Here! ☀️

Time to soak up the sun, enjoy the warm weather, and make unforgettable memories.

What are your summer plans? Share with us in the comments!

You don’t have to move out of the country or set up a Swiss bank account!

There are easier solutions in terms of taking advantage of tax deductions and tax credits.

And it starts with partnering with a great tax advisor!

Contact us today to learn more about how we can help!

Spreadsheets are powerful tools that can help streamline your financial management.

Here are five ways to make the most of them. Swipe to learn more.

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❤️ Today, we celebrate the incredible fathers, grandfathers, and father figures who inspire us with their strength, wisdom, and endless love.

Enjoy your special day and thank you for all that you do!

It's essential for business owners to understand the differences between W-2 and W-9 forms. Here's a quick guide:

A W-2 Form is:

- Issued to employees who work directly for your business.
- You withhold federal and state taxes, Social Security, and Medicare from their wages.
- Employees may receive benefits such as health insurance, retirement plans, and paid leave.
- Employers must file W-2 forms with the IRS and provide a copy to each employee by January 31st.

A W-9 Form is:

- Used for freelancers and independent contractors who provide services to your business.
- Contractors are responsible for paying their own taxes, including self-employment tax.
- Contractors typically do not receive employee benefits.
- At year-end, you must issue a 1099 form to contractors if you paid them $600 or more during the year.

Properly classifying workers helps you stay compliant with tax laws and avoid penalties.

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As we reach the halfway point of the year, it's a perfect time to pause and assess your financial progress. Here’s what to do in a mid-year financial review:

1. Compare your revenue and expenses to your projections. Identify any significant variances and understand the reasons behind them.

2. Ensure you have enough cash flow to cover upcoming expenses. If there are shortfalls, plan how to address them.

3. Analyze your profit margins to see if they meet your targets. Look for ways to improve efficiency and reduce costs.

4. Revisit your financial goals for the year. Adjust them if necessary to reflect current market conditions and business performance.

5. Review outstanding invoices and follow up on any overdue payments to maintain a healthy cash flow.

6. Review your tax strategy and make sure you’re taking advantage of any deductions or credits. Plan for any upcoming tax payments.

7. Analyze your balance sheet, profit and loss, and cash flow statements. Look for trends and areas of concern.

Taking the time to thoroughly review your finances mid-year can help you make informed decisions and keep your business on track for success.

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We're hiring! Who do you know?!

**Job Summary: **
We are seeking a detail-oriented Bookkeeper to join our team. The ideal candidate will be responsible for maintaining financial records, managing accounts payable and receivable, and ensuring accuracy in financial transactions.

**Responsibilities: **
- Perform day-to-day bookkeeping tasks such as data entry, record maintenance, and bank reconciliations
- Manage accounts payable and accounts receivable processes
- Prepare financial reports, including balance sheets and income statements
- Conduct balance sheet reconciliations to ensure accuracy
- Utilize accounting software to process business transactions
- Assist in budget preparation and monitoring
- Support the preparation of tax returns and financial audits

**Skills: **
- Proficiency in accounting software such as QuickBooks or similar platforms
- Knowledge of double-entry bookkeeping principles
- Experience with balance sheet reconciliation and bank reconciliation
- Familiarity with financial software for data analysis and reporting
- Previous experience in public accounting is advantageous

This position offers the opportunity to work in a dynamic environment where attention to detail and financial acumen are highly valued. If you possess the required skills and are looking to contribute to a dedicated team, we encourage you to apply.

Job Type: Full-time
Pay: $18.00 - $25.00 per hour
Expected hours: 40 per week.

Benefits:
• Paid sick time.
• Paid time off
• Professional development assistance
• Referral program
Experience level:
• 5 years
Physical setting:
• Office
Schedule:
• Monday to Friday
Supplemental pay types:
• Overtime pay.
Experience:
• Bookkeeping: 10 years (Required)
Ability to Commute:
• Lubbock, TX 79413 (Required)
Work Location:
• In person.

Email resume to [email protected]

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