Peach Tea Calculations

Peach Tea Calculations Provides bookkeeping services and bookkeeping coaching to female coaches, VAs, and OBMs.

So whether you are ready to outsource or not, I can help you save time and have a streamlined tax season.

On Monday morning you’re likely to find me in the same place:Sitting in my home office with a cup of coffee updating my ...
08/15/2022

On Monday morning you’re likely to find me in the same place:

Sitting in my home office with a cup of coffee updating my clients’ books to include what happened in their businesses the week before

I love seeing them grow and invest in themselves and others, as the books show all of those details

It makes me feel part of something greater knowing that I’m not only giving back time and mental energy to my clients on a daily basis, but that I’m also helping them to bring home more money because we chat about how much money they are spending on courses, softwares, and services to determine if all are actually necessary.

I’m not just a bookkeeper who simply keeps records; I have your back too! I want you to be successful without worrying about the IRS coming after you to audit your business taxes because of unorganized records.

And since you’re a creative, I know you don’t want to think about it either.

It would be my absolute privilege to add you to my list for Mondays and free up your already busy schedule to focus on the things in your business that make you money

We get started on the road to letting go of that mental weight by hopping on a call together. Click the link below now to get on my schedule this week!

https://calendly.com/peachteacalculations/bookkeeping-discovery-call

Your answer to this question depends pretty heavily on where you are in business.If it’s contractors, it’s likely that y...
05/23/2022

Your answer to this question depends pretty heavily on where you are in business.

If it’s contractors, it’s likely that your business is pretty established and you see the importance of letting others work in their zone of genius so you can work in yours for the benefit of growth and scaling.

If it’s education, maybe you’re just getting started and want to hone your skill. Or you want to add another level to your offering so you’re adding a new certification.

And if it’s subscriptions it’s likely that you’re somewhere in the middle—automating before you delegate.

But no matter where you are in business, YOU need to know what your largest expenses are so you can keep an eye on them. (Too many unused subscriptions are hurting your profits aka what you can pay yourself!)

So what’s your largest monthly business expense? A, B, C, or something else? ⬇️

The IRS is a pay-as-you-go entity.This means, that if you are earning untaxed money, you have the responsibility to pay ...
03/31/2022

The IRS is a pay-as-you-go entity.

This means, that if you are earning untaxed money, you have the responsibility to pay in according to their schedule.

P.S.-When your clients pay you that revenue received by your business has not been taxed by the federal government.

Tax Period 1 runs from January 1 - March 31, so you are to calculate an estimated tax payment for the revenue earned during that period.

It is due April 15, so make sure to gather your information (or get reports from your bookkeeper) and consult your accountant on the amount so you can pay them when they are due.

Did that sentence make your heart skip a beat?If not, good for you!But if it did then it’s time to start thinking about ...
03/28/2022

Did that sentence make your heart skip a beat?

If not, good for you!

But if it did then it’s time to start thinking about hiring a bookkeeper.

All of the questions your accountant has about the expenses and reports will be fielded by your bookkeeper so you can stay focused on your growing business.

Have you filed your taxes yet?

…and heartache. Hear me out!One of the reasons tax season is stressful is because having a flourishing business comes wi...
03/24/2022

…and heartache. Hear me out!

One of the reasons tax season is stressful is because having a flourishing business comes with a larger tax obligation

But when you plan ahead and pay estimated tax payments you are avoiding that shock (and scrambling to find the money during Q1) because you have been paying in all year

Plus, as a pay-as-you-go entity, the IRS requires you to pay estimated tax payments if you expect to owe $1,000 or more or you could be assessed a penalty if you don’t.

And FYI, 2022 Tax Period One ends March 31, so start getting ready to pay that first payment in April!

Have you ever paid estimated tax payments?

These reasons translate into three things you aren’t acknowledging✨Your business is growing and flourishing so you need ...
03/21/2022

These reasons translate into three things you aren’t acknowledging

✨Your business is growing and flourishing so you need to devote more time to its growth

✨You lack organization and are possibly spending more money than you’re making

✨You don’t plan for tax season all year by paying estimated tax payments and avoiding a huge tax bill

If you relate to even one of these, and especially if you relate to more than one, then it is time for you to let your bookkeeping go so you can focus on business growth.

Drop an emoji and I'll get you the link to schedule a discovery call today so we can chat about what I can do to help you stop being overwhelmed by tax season.

You can't use both of these types of deductionsSo you have to choose at the beginning of the year to either keep up with...
03/17/2022

You can't use both of these types of deductions

So you have to choose at the beginning of the year to either keep up with business mileage OR gas receipts for business use of the vehicle.

Just keep in mind that if you use your personal vehicle for business, it is recommended that you use the mileage deduction.

Did you know that you could only use one or the other?

I know this sounds crazy, but scroll to find out why you should throw away paper receipts!Save this and then spread the ...
03/14/2022

I know this sounds crazy, but scroll to find out why you should throw away paper receipts!

Save this and then spread the word by sharing with your biz friends.

Then start paying yourself that amount✨Share this with all your biz friends to help them bring home more money!
03/10/2022

Then start paying yourself that amount

✨Share this with all your biz friends to help them bring home more money!

Increasing profits = replacing your 9-5 incomeWhen you pay yourself from your business, you’re doing so from profits. (O...
03/07/2022

Increasing profits = replacing your 9-5 income

When you pay yourself from your business, you’re doing so from profits. (Of course assuming you have no loans or credit cards, but this should be the goal. But I digress.)

Business revenue - expenses = profits

It’s important to remember that replacing your 9-5 income is going to take a bit longer if you buy shiny courses that you don’t have the time or energy to implement or if you have subscriptions or memberships that you aren’t actively using.

Take some time to really evaluate if you NEED or have the time to implement something before you subscribe or purchase a course.

Invest wisely (because that’s really what you’re doing) and you’ll be able to replace your 9-5 income sooner than you think.

...energy, and peace of mind.A growing business experiences growing pains, you know, the ones like when you were a pr***...
03/03/2022

...energy, and peace of mind.

A growing business experiences growing pains, you know, the ones like when you were a pr***en going through a growth spurt.

And just like your mom gave you support and explained what was happening, you can have that kind of support from others who want to see you succeed and ease the pain of the inevitable and beautiful growth.

What’s something you want or are currently receiving support with in your business?

Honor the stage you’re inThere’s a real difference how businesses run from the first year to the fifth.During your first...
02/28/2022

Honor the stage you’re in

There’s a real difference how businesses run from the first year to the fifth.

During your first year you were doing everything: client work, social media management, tech stuff for launches, and the list goes on and on.

Then tax season came and your accountant told you everything you needed for her to complete your first business tax return: total income, expenses by category, receipts to match those expenses, and a few other things.

That’s when it hit you…you have learned how to do all of these things outside of your wheelhouse except bookkeeping. So you sit down and spend hours gathering all of the info for her. You get it done and whoa! The taxes you owe!!!

So you vow to get some help so you don’t repeat this next year because the time and anxiety that came from that. 😮

But you don’t—you end up deciding you need some work off your plate and hire a social media manager and a tech VA.

You’ve increased your revenue by outsourcing, but tax season!

It’s back…and you forgot about bookkeeping again.

I’ve seen this happen time and again.

Stop doing this to yourself. Stop allowing something out of your wheelhouse throw you for a loop once a year and go ahead and outsource it.

Doing this will also help you understand where you are in your business AND plan for tax season all year.

Ready to get started? Comment READY and I'll get you the link so we can chat about your needs!

Address

Atlanta, GA

Opening Hours

Monday 9am - 2pm
Tuesday 9am - 2pm
Thursday 1pm - 5pm
Friday 1pm - 5pm

Telephone

+16786961436

Website

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