Responsive Bookkeeping LLC, Surprise, AZ Videos

Hey guys, I am Amanda Waldsmith and I own Responsive Bookkeeping. Here at Responsive Bookkeeping we offer Many financial services to help you to attain your business goals. We offer monthly bookkeeping services that include- reconciling bank accounts and Credit cards, categorizing all income and expenses, Each month we issue a Balance Sheet and Profit andLoss statement In addition to that we also offer Invoicing, payroll,Sales Tax filing, Diagnostic cash flow service, and Tax preparation. Today we are going to talk about how to make decisions around increasing your prices, And when to do it in the service trade industry. First, let's take a look at why it makes sense to increase your prices. There are several reasons why this could be a good idea We will talk about a few of those today. So lets get started 1.First off you're offering something that no one else does or can do as well as you do—and people are willing to pay more for it. 2. Or your costs have gone up significantly - and you need to pass those costs along to customers. 3. A third reason could be a competitor has raised their prices, and if you don't increase yours as well, customers will think less of your offer , you know sometimes people Get Leary if they see a company that is charging much less for their services. It makes them wonder how the quality of work will be. The Fact is, When it comes to your pricing, it's important to remember that you're in control. You can raise prices whenever you want—and you should! How do you know if your pricing is in line with what your customers are willing to pay? And how do you know if it's time to raise your prices? It's easy! You’ll want to look at your business goals. What are the things that matter most to you right now? Are they revenue-related? Or are they about customer retention or growth? Once you've identified those goals, think about what would have to happen for them to be achieved. If increasing the price of your pro

Hey guys, my name is Amanda Waldsmith and I own Responsive Bookkeeping. We offer a wide range of financial services To help you to have financial clarity, so you will know where you stand with your company. Today we are going to talk about what money moves we need to focus on, to close out 2022 successfully, and to help with Setting our goals for 2023. Our meeting today is all about providing you with some tips for making your financial life easier as we close out the year. First things first: prepare your key financial documents. If they're not already organized, gather all of your tax records together (or create a folder if they're still scattered around), along with any other important documents like bank statements or loan documents. You'll need these when it comes time to calculate deductions and prepare an estimate of what you paid throughout the year—and they'll be much easier to find when they're all in one place! The financial documents you need before year-end are: * The balance sheet report, showing all the assets, liabilities, and equity; * The income statement report, showing revenue, expenses, and profit; and * The cash flow statement report, showing opening and closing cash within a specific period, with inflow and outflow itemized. Next up, Get Your Tax Documents Together While the end of the year may not be “tax season”, it’s a good idea to get your tax documents in order anyway. The financial reports you prepared in step one should help you with your tax return. However, you may need to fill out additional tax forms: * Form 1099-NEC and Form 1096 * W-2 Forms and W-3 Forms * State and federal payroll returns annually (Form 940) or quarterly (Form 941) You’ll also want to gather your income and all your deductions. Lastly, Assess Your 2022 Goals This is a great time to sit down with your team and figure out what you want to accomplish in the coming year, as well as how you're going to get there. Maybe it's growing yo

How much do wealthy business owners put away into savings?

3 Steps to Increase Your Income
Today I want to talk about how society has normalized massive debt… 100k in student loan debt... 250k in mortgage debt... 40k for a car... get approved for 2 to 3 credit cards before you're 25 ... 25k more in debt... Before you know it you’re wondering if you'll ever get out from under all this. In fact, many people have realized already that they would NEVER get out from underneath it, with a traditional job and that's really why they started their own company. It creates financial freedom... To never have an income cap and to never have someone else dictate the raise you get. But the scam that we see and hear ,is that by not spending money on a cup of coffee or going out to dinner… we’re all of a sudden going to be magically released from this debt. And as entrepreneurs, it's just simply NOT true. What is true?? Making more money is EASIER than NOT SPENDING and punishing yourself. You can add an additional 50k to your income with ease... But cutting 50k out of your spending might be challenging, especially in this economy. So let's discuss 3 strategies to increase your income.... Step 1: Raise your rates Look, if you’ve been running your business for a few years and haven’t raised your rates… You’re doing yourself a disservice. Now I’m not saying to raise your rates with no reason or data to back you up… But I’m sure you can find a way to support raising the cost of your services. We all know prices have gone up on everything, even the items you need To conduct your business. Fuel costs have gone up as well, so an increase in service calls should be expected. Your clients will understand, we are all in the same boat as far as that goes. Step 2: Go get a new client. When was the last time you promoted your services? Updated your marketing? If you’re not selling, you’re not growing. It has been said that It should be a rule of thumb to spend an hour daily on the sales, sales targets, an

HOW to start paying yourself a reasonable salary, and is it time to give yourself a raise? If you are stopping on for the replay or watching live let me know where you’re from and what kind of business you have! Today I wanna talk about how to pay yourself the right way ,so you don’t send the wrong message to the IRS. Hey guys! My name is Amanda Waldsmith and I own Responsive Bookkeeping, I have been serving the service trades for some time now When you have your own business you earn money two ways: S Corp distributions and taking a salary. 1. Distributions are the profits (and losses) that pass through the S Corp to you as an owner (shareholder). Distributions are not your employee wages and are not treated as self-employment income. 1. You don’t have to pay payroll taxes on distributions from your S Corp. 2. Salary is the money you pay yourself as an employee of the S Corp - your employee wages or reasonable compensation. 1. You have to pay payroll taxes on your salary, like any other employee. And payroll taxes can add up fast! So any income you take as distributions rather than salary saves you that cost in taxes. Before you get excited… the IRS has a basic guideline to keep anyone from taking all their gross receipts as distributions rather than a salary… It’s that you have to pay yourself a “reasonable salary.” So what’s a reasonable salary for an S Corp? The IRS defines “reasonable salary” as at least what other businesses pay for similar services. It’s mostly up to you to decide how much employee salary to pay yourself versus how much to take as distributions. This might sound like open season for payday, but you have to make sure it follows the IRS rules. For example: Reasonable pay is the amount similar businesses would pay for the same or similar services. What do workers in your industry tend to get paid under employers? When you’re deciding how to pay yourself think about your… Training and e

You run your company , we will handle your books for you

Let's Hit Your Goals for 2022
What if I told you that you can UPGRADE your current 2022 income goal, And actually hit it BEFORE Dec. 31st! Well, you can, and it’s not all smoke and mirrors. At Responsive Bookkeeping we use REAL data to generate REAL goals that you can actually hit. And because we’ve helped many clients do just that over the last few years, I’m confident we can do the same for you and your business. I’m just tired of watching business owners in the service trades hustling to hit a BIG number when they could be absolutely crushing it without the stress. That’s why I’m opening a couple more spots TODAY for the 50% pricing between now and November 15th. And because we believe in our services so much we have added a risk free guarantee, if for some reasons you don’t love working with us with can cancel anytime. If you decide you absolutely can’t run your business efficiently without us (and I’m sure you will), we can discuss what it looks like working together going forward at that time. ✅If you’re ready to upgrade your 2022 income goals, comment below or send me a private message. Here's everything you get included with Financial Goal Upgrade: 1. Run proper reports to analyze your financial picture. 2. Clear understanding of your most profitable revenue stream. 3. Look to see if you are missing out on Tax Deductions. 4. Look at ways to reduce your Tax Liability. 5. Know where money is leaking out of your company. 6. Upgrade your income goals. You'll get all of this for 50% over next 15 days. And I know the remaining couple spots will fill up quickly. This is NOT for everyone. This IS for Smart business owners who are wanting to move their business to the next level. So if you’re ready to work with me for the next 15 days AND upgrade your income goals… ✅Comment below “UPGRADE” or send me a private message.

How to Resolve Money Anxiety
How to RESOLVE your money anxiety so you can make sound financial decisions without all the stress! Today I wanna talk about money anxiety, how it affects you, and what you can do to alleviate it so you can run your trade business from a place of joy every day! Hey guys! My name is Amanda Waldsmtih and I own Responsive Bookkeeping, I have been serving Trades for some time now… Before I get started I want you to know that you’re NOT alone! So many successful business owners struggle with money anxiety. The trick is to work on the things that hold you back so you can grow as a person and in your business. Ok, let’s dive in. First, it’s important to understand that anxiety is your body’s way of alerting you to danger. Anxiety is a prehistoric conversation your body has with you to make sure you’re not going to die. The way to start to let your body know that your finances won’t actually harm you is to take time to sit down and find out what makes your heart race. Is it the big-picture retirement and investment stuff that freaks you out? Or is it the smaller day-to-day monitoring? Once you’ve identified the “trigger” I want you to call it out. Here I'll give you an example: If you had a child who was worried about a loud booming noise in the sky, you’d calm them down by telling them that the loud noise is just thunder. The same can be applied to money anxiety. Identifying that your panicky feeling is coming from opening your monthly credit card bill could help your brain realize you’re not in immediate danger. Next, I want you to challenge your mental money narrative and think about the worst-case scenario. In other words, question your anxious thoughts. For example, you might think, I’m too embarrassed to ask for help with my books. That thought could quickly escalate from “I’m embarrassed” to “Why even bother asking?” Instead, challenge your thinking. “How helpful is this thought? How tru

The end of the year is coming, let's get your books in order.

3 ways to know you’re ready to invest.
Are you Financially And Mentally Ready To Invest In Your business! Today I wanna talk about the three key ways to know if you’re financially and mentally ready to invest. Hey guys! My name is… Amanda Waldsmith And I own … Responsive Bookkeeping I have been working with Service Trades for a very long time now Thats why I know exactly what you need to take into account BEFORE you invest in your business. Point 1: Do you have an emergency fund established? An emergency fund is cash that’s available for quick withdrawals. When you’re investing in your growth, you want to have a safety net in place so you’re never forced to liquidate your investment assets OR rack up credit card debt in a time of need. Don’t invest money you can’t afford to lose. Make sure you’ve got a healthy emergency fund. I’m sure that you’d feel a whole lot better about your business decisions if you had that safety net in place too. So make sure you’re setting money aside every month to build that fund up. The general rule of thumb is to have 3-6 months of expenses set aside for emergencies. Also- it’s important to remember that we can use your historical data to help you determine how much to set aside so you’re not overstretching your funds. By looking where you’ve been you’ll be better prepared to make smart financial decisions around investing. That is why You would do a Financial Forecast to help with that decision. To do this we would look at three reports to help guide us. Point 2: This leads me to point 2. Am I meeting my goals? Entrepreneurs start their business with a goal in mind, and while we typically have really good goals… We can get consumed with our day to day operations. When that happens, we lose sight of the numbers and our financial goals. This can happen with short-term and long-term financial goals. So as you think of your company, take a step back and really think about your goals. Then consider an

Fixed or Variable Expenses and the Affects it has on your Profitability
Fixed and Variable expenses, and the affect it has on your profits. If you are stopping on for the replay or watching live let me know where you are from and what kind of business you have! So Today I want to talk about the difference between fixed and variable expenses and how they affect your profitability. Hey guys! My name is Amanda Waldsmith and I own Responsive Bookkeeping. I’ve been working with the trades for some time now Let’s Get to the point 1. You need to track ALL your fixed expenses. 1. Fixed expenses are payments that happen on the same date and at the same time every week or month- for the same amount. 1. For the trades you will have - Rent, phone, payroll(if on salary), insurance, website expenses, Vehicle payments, Equipment Payments, etc. 2. By tracking every fixed expense (even all the $12/month ones) you’ll have a better picture of your current real-life business habits. And real-life business habits WILL guide your spending. 2. This is where you input all those variable expenses. These are a little more difficult to judge since the payment amount, or the day and time they leave your bank account…vary. An example of variable expense is the utility bill, credit cards, office supplies, materials, payroll (if hourly), business dinners, fuel charges , etc. Variable expenses are unpredictable by nature, BUT you have more control than you may realize. Make sure you keep an eye on how much you are spending in office supplies, and materials. Make sure you are not overstocking on these, Watch your payroll costs closely, keep an eye out for overtime, and cut out the dining out on the company tab as much as possible….These will help you to cut down on your variable expenses. The best way to budget variable expenses is to overestimate. Just make sure you’re not hitting or exceeding that estimate. If you’re not already tracking these expenses in detail, you’re walking a dangerous line for when unexpected expense

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Make 2022 Your Best Year Yet
Make 2022 Your BEST YEAR EVER Good mornin you’ll Thank you for joining me this morning Today we are going to talk about making 2022 your best year yet! `Over the past few weeks I have been behind the scenes fine tuning and revamping our services here at Responsive Bookkeeping. And I am finally ready to announce to the public that we are ready to help the next group of contractors increase their profit margins! Over the past years in this industry I’ve watched countless entrepreneurs get ignored and hurt by their financial team , because they were too busy to really care to give them real strategies or just focused on getting the work done and not offering a real result to their client. Enough is enough. Here at Responsive Bookkeeping It is our mission to make sure every client feels as though they have an ally and partner in their company. That is why as of RIGHT NOW we are taking on JUST FIVE Clients who never want to be stuck with mediocre services again and want a dedicated advisor on their team for the rest of 2022 and beyond. This might be for you if: ✅ You are currently behind on your bookkeeping and you need to get 2022 caught up. ✅ Your business is already hitting 20k Months+ ✅ You are dedicated to growth and impacting your community and the lives of others. ✅ You are looking for ways to save THOUSANDS of dollars in taxes! ✅ You are open to hearing ways of increasing both your profit margins and your top line revenue! ✅ Your business is rapidly expanding and you want to ensure you have strategic partners for growth If you are shaking your head… Yesss… yessss… YESSS!!! Then all you need to do is see if you qualify for one of these five limited spots! Ready to stop feeling stuck when it comes to your money and finances? Want your money to go to good use and start investing it to make it MULTIPLY?? Comment below “Multiply” or Private message me “Multiply” and myself or my team can help you l

Hey guys here's the big question
Why isn't your revenue increasing even though you've invested more money into your business?

You work hard all day, let us handle your paperwork for you.