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Bookkeeping Software Training

I will introduce you to Zoho Books, QuickBooks Online, or Xero Accounting Software

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I provide tax planning services to help prepare you for tax season. I also provide business structure selection.

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If you are ready to move to the cloud. I will setup your accounting software and receipt tracking systems.

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Latest Blog

The Cost of An Oral Agreement

An oral agreement is most known as a verbal agreement. Two parties agree on a transaction or exchange for which both parties benefit. The bible says godly men and women are to keep their word. Don’t make false promises or swear but let your yes be yes and your no be no (James 5:12 ESV).

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Meals and Entertainment Deduction

  The number one most misunderstood, misused, and misapplied deductions are the meals, entertainment & mileage deductions.     Most people do not understand the deductions but I can’t say the IRS code has made it easy to understand either.  Often times, business owners, including independent contractors, avoid deducting meals or they deduct all meals.

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Bust The Debt Money Block

Bust The Debt Money Block Move the Debt Mountain- Busting Money Blocks Debt can eat up your extra money.  If you are in debt and receive an increase in income the responsibility to pay off the debt combined with garnishments can result in loss of the additional income. God did not mean for debt to be

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Profit Strategies Focus on More Than Profits

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Profit Strategies Focus on More Than Profits Profit strategies, unlike the name, does not focus only on profit. Perhaps, you are thinking profit is not my focus or I am not worried if I earn money. However, if you are in business and plan to write off your expenses you should have a plan for

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Should Christian Business Owners Charge for Services?

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In the past, I did not believe I should or could charge for my services. Unfortunately, I fell victim to the mindset that people will not pay.  Yes, that is true to a point as people place value on the services that they deem important. If we have surrounded ourselves with the wrong group then

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Increase Income and Lower Your Taxes

Knowing our value brings the benefits of increased income. However, the thought of increased income often brings up anxiety for many. The increase is desired but handling taxes on that income can be somewhat disappointing. Most taxpayers believe they have to pay at least 50% income tax on business income. Therefore, one of three things

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The Purpose of an Accountant

How do you view accountants? Some business owners view accountants as the tax collector and others believe they did not have taxes until they hired an accountant. Many business owners have no idea what an accountant does. Do you often wonder the purpose of an accountant or if you really need one? An Accountant is

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Do You Value Your Time? The IRS does.

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Do you value your time?  Many business owners are afraid to charge for their services or have no idea what to charge in order to cover the full cost of business.  Some feel that only greedy people charge. We expect to get paid when we work for someone else as an employee. But entrepreneurs think

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Spend Time Monitoring Your Expenses and Savings

The extra work involved in tracking and monitoring spending can seem overwhelming but every time we miss an opportunity to ask additional questions or verify an expense we run the risk of losing more money.   An example is a friend of mine who watches her Internet and cable bill with an eagle eye.  She notices when

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Increase Income by Avoiding Tax Myths

Tax Myths and emotional money mindsets play a major part in the amount of income we earn as well as the amount of taxes we project on future income. Saving money, protecting your money, and increasing your money all require effort. Money Myths and Mindsets Money myths and mindsets are terms I often use when speaking about

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4 Tips to Avoid the Cash Drain of Emotional Pricing

Financing and running a business can be very challenging. Pricing takes a money plan to break-even and to reach a higher level of profit. Most business owners find it difficult to charge if they have a passion for their business. Individuals who have never learned to charge, say we should not charge a fee for

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The Purposeful Business Owner with Y. Michelle Coard – Episode 3 – Embracing My Creativity

The Purposeful Business Owner with Y. Michelle Coard “The Purposeful Business Owner” is dedicated to fulfilling his or her reason for serving others or to spark an area of service that needs to be changed. We all have gifts and talents that we use in different ways to service our calling or purpose. Often, business

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Helping Entrepreneurs Profit More and Experience Greater Financial Peace of Mind

I’m Y. Michelle Coard and I help entrepreneurs with new or established business, create and keep more profit by fixing the money leaks.  I help transform the finances of their business, through a profit-generating plan, financial awareness, simplified systems, and expert guidance. Most people RUN when they hear the words accounting, financial planning, budgeting, and

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Pricing for the Holidays a Business Accounting Solution

Pricing for the Holidays a Business Accounting Solution   Holiday season and sales are everywhere!  I think most of us are familiar with the shopping season starting way too early. Sales usually attract more people.  Attracting more people is great, however, it should not be at your expense.  Avoid cutting prices too low.  A sales price

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Holiday Shopping Plan a Personal Money Accounting Solutions

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 Holiday Shopping Plan a Personal Money Accounting Solutions The holiday season is upon us and most people are shopping for gifts or just great deals for ourselves.  Perhaps you have developed the ability to wait until shopping season to make your large purchases and that is a great idea!  You are showing the ability to

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3 Tips to Save Money and Reduce Stress about Money- Business Accounting Solutions

3 Tips to Save Money and Reduce Stress about Money- Business Accounting Solutions We cause stress when we spend more than we would like to spend.  Reduce stress by setting boundaries in your money.  If you begin with these three steps you will start to see more money in your business and less stress in

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3 Gift Giving Habits to Avoid and Lower Stress about Money- Personal Accounting Solutions

3 Gift Giving Habits to Avoid and Lower Stress about Money- Personal Accounting Solutions   A a very early age, most of us, were taught about giving.  We are taught that giving is a blessing and we are also taught that what we give we get back double.  This is true however there are stipulations.

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The Differences Between an Employee or Independent Consultant/Contractor

  Know the differences between an Employee or Independent Consultant/Contractor.  An expensive business mistake is to treat an employee as a contractor to save money on insurance and taxes.  This mistake will cause you to pay hefty penalties, back taxes and fines by the Department of Labor, Internal Revenue, and State Agencies.  A contractor or independent consultant is

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10 of the Most Common Accounting Myths – Accounting Solutions

I have selected 10 of the Most Common Accounting Myths that I often hear from business owners.  Myths are sometimes created accidentally but with some basis in truth.  People like helping others with advice and that is a great thing!  However what has happened in one persons situation may not work for another person.  Tax

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Distinguish an Expense from an Investment When Cutting Expenses!

Distinguish an Expense from an Investment When Cutting Expenses!   Cash management begins with cutting unnecessary expenses.  However, choosing between an expense and investment is an important step. Investments benefit or improve a business.  An expense is something that is required but controllable (flexible) in a business.  Try to keep spending to 30% or less of income. 

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Business Owners #1 Cash Management Mistake

Business Owners #1 Cash Management Mistake! Most Business owners wait until tax season to determine if a profit was earned.  If your goal is to have $0 tax, change your goal.  This is not an accomplishment.  $0 taxes proves you mismanaged your money.  Don’t let another month go by without knowing your financial positions.  Know

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The Most Recommended Top 10 Steps to Set Up a New Business

Starting a new business is very exciting!  Most businesses owners began as a hobby and the hobby turns into a business.  If you find yourself selling your products or services you are in business.  Donations only apply to non-profit organizations.  Having a business is challenging but rewarding! As a business owner you are now responsible

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Self Employment Taxes and The Small Business Owner

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Self Employment Taxes and The Small Business Owner I often hear about Self Employment Taxes.  Most business owners often ask “What are Self Employment taxes?”  and “Why are the taxes so much more for a business owner?” Recently I did a webinar – “Small Business Tax and the Small Business Owner”.  Click here  or the picture

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LLC, Corporation, or Sole Proprietorship…3 Simple Tips to Choose a Business Structure

LLC, Corporation, or Sole Proprietorship…3 Simple Tips to Choose a Business Structure #accounting solutions #business structure # business entities #taxes and llc   A business structure determines the type of tax return filed by the owners, the business operation standards and procedures, financial reporting procedures, the eligible business expenses and tax deductions. Choosing a business

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Mileage Tracking Saves Thousands of Dollars {Video}

Mileage Tracking Saves Thousands of Dollars {Video} Mileage tracking is the act of documenting business use of a vehicle. The IRS has strict mileage deductions regulations and will disallow improperly documented mileage and auto repair expenses. Due to the strict IRS regulations, mileage tracking is a commonly missed deduction. There is a limit to the

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3 Simple Steps to Jump Start Your Bookkeeping

3 Simple Steps to Jump Start Your Bookkeeping The need to track receipts is important in saving you time and money during tax season.   Hopefully, you have chosen software to help you track receipts.  If not, you can read my blogs about how to easily track your receipts (which includes options for both the

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3 Fast and Easy Ways to Track Receipts for The Non Tech

3 Fast and Easy Ways to Track Receipts for The Non Tech   My last blog post I talked about ‘3 Fast and Easy Ways to Track Receipts with Apps’.   This weeks post is for the non-technical user.  You have now learned how receipt tracking saves you thousands of dollars and would like to begin tracking receipts.

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3 Fast and Easy Ways to Track Receipts with Apps

A common thing I hear from entrepreneurs is the pain and confusion of tracking receipts!  Why and how am I supposed to do this? Do YOU really track receipts??   I know it might not seem like it, but once you develop the habit, it will be easy! And the benefits of tracking receipts can

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The Elements of Accounting

Accounting Consist of Bookkeeping, Financial Reporting, Payroll and Taxes.  I will explain how each component works.   Taxes are a part of life and a way that we support our society and community.   Taxes are created by items we purchase or income that we earn.  Most people think taxes only occur during tax season from

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Accounting Software Selection Made Easy

Accounting Software Selection Made Easy! Choosing accounting software can be overwhelming. There are so many software options available. Many business owners often wonder which one to choose. I will give you some features to look for in order to make the selection process easier. Accounting software should give you very detailed financial information and should

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Save Money with Tax Planning Check Up

            3 Tax planning is an important tool to help save money for you.  Most of us have major life changes throughout the year that affect our tax situation.  Maybe you have a baby, your child moves out or gets married, your child goes to college, you began a side

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Reasons to Hire a Tax Preparer or Tax Consultant

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A software creator has released its latest commercial for their software recommending self-tax preparation.  The theme is “Tell the story of you by you”.  The basic meaning of the commercial is you know what happened in the past year why not prepare your own taxes??  Why is this not a good idea?  This is not

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Deciding between an Accountant or a Bookkeeper

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What are the difference between an Accountant and a Bookkeeper?  I have spoken to people who are not sure of the differences between an Accountant and a Bookkeeper, and that is fine.  The two items are so closely related. An Accountant Make the transaction entries Reviews the entries Prepares the financial statements and related notes

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Why You Should Report Your Income Associated with a Business

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There is a misconception that a business should not report all income received under their business to save tax money.  This thought process could land you in trouble with the IRS for tax avoidance.  Tax avoidance is the ability to pay taxes put refusing to pay taxes or report the proper amount earned in order

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Payroll is more than just printing checks!

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It is important to have someone that is trained and certified in the day to day procedures, management, direction, and processing of payroll.  A common misconception is payroll consist of only printing checks. Maybe, you are asking yourself what is evolved in payroll? Find A System Monitor First, you have to find a system to

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Filing Taxes Late…Don’t Worry

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Filing Taxes after April 15Th? Early 2012 Tax Changes This year brought many tax changes that caused delays with processing taxes.  Each tax code change has to be approved by the legislative and with so many tax credits on the cutting board the future of tax preparation was not clear.  The delay also caused late

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