PROFESSIONAL CONTENT FROM YOUR TRUSTED ADVISOR!

PROFESSIONAL CONTENT FROM YOUR TRUSTED ADVISOR!


BUSINESS BOOKKEEPING CONTENT!

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BUSINESS BOOKKEEPING CONTENT!

THE TRUE COST OF DOING BUSINESS

Vincent Bookkeeping is proud to announce our new Blog site! Business Specific topics on Bookkeeping and accounting, from hiring an Independent Contractor vs an Employee, to hiring a CPA vs an E.A... If there is a topic you would like to see or if you have questions please use the contact me button.


This blog is all about the true cost of doing business, from startup costs, to keeping the doors open, to making important sound business decisions out of the gate and what it can cost you down the line if you don't!


Vincent Bookkeeping is also in the process of starting a Video Training series for QuickBooks users. Some of this content will be provided by paid membership only.

If videos are posted on this blog site, some maybe paid content only.


Visit http://youronlinevideotutor.com/ for more information.


Vincent Bookkeeping business analysis.

Vincent Bookkeeping business analysis.

CATCHING FALLING KNIVES

I WAS ASKED THE FOLLOWING QUESTION:

 

When speaking to a lot of small business owners, I hear them say, "I'll hire you to set up my bookkeeping when I get a few more customers."  When should a small business owner hire a bookkeeper?
 

HERE IS MY RESPONSE:
 

A small business should start off with the right information. A business plan, legal counsel on business structure, Tax advise or strategy plus accounting software & procedures.
 

VINCENT BOOKKEEPING charges between $45.00 to $65.00 an hour for basic and full charge bookkeeping services.
 

However, when somebody comes to me after a year or two and they want to hire me as their bookkeeper to catch-up or clean-up work I charge $130.00 to $150.00 an hour.
 

When I take on a new clean-up or catch-up client, I can't take on any other new clients, sometimes for MONTHS depending upon how big the clean-up is. This also disrupts my current workflow especially if there is a looming tax deadline.
 

Clean-up is a niche market with business owners who are difficult to work with, that are difficult to service, they lack stability and are more costly in the long run.
 

As of late I recognize that not everyone who starts a business is going to be successful. Those who are successful they plan and those who are not, don't. Those who don't plan fail or have major struggles in their businesses.
 

New clean-up clients are only coming to me because the IRS is auditing them or they owe back taxes and they're losing their ability to continue to make money because their contractors license or corporation is frozen or their money is being levied from their bank accounts. 
 

Only when the problem becomes so painful do they decide to do something about it and then they expect their bookkeeper to catch their falling knife at rock bottom rates. 
 

Wendy Vincent
Founder of Vincent Bookkeeping
(408) 459-5802
www.VincentBookkeeping.com