Admin Books Newsletter
Running a small business is fraught with challenges. Admin Books partners with business owners to provide financial and bookkeeping services through our team approach. Our goal is to free you to focus on growing and managing your company. The purpose of this e-zine is to provide our clients, associates and friends with valuable tools to manage their business. Enjoy! Renee
Caution for W-2 Wage Earners: 
If you receive a W-2, you need to read the information below carefully.
The IRS issued revised withholding tables required by the American Recovery & Reinvestment Act of 2009. In 2009 and 2010, the Making Work Pay provision will provide a refundable tax credit up to $400 per person. The credit does have a limitation (phase-out) for taxpayers earning more than $75,000 per year.
This credit will typically be handled by employers withholding less and increasing the take-home pay. This larger paycheck could result in changes to the taxpayers 2009 tax return. Now here is the caution: because of this change in the payroll withholding table, taxpayers could owe instead of getting a refund on their 2009 tax return.
The best thing to do is pay attention to the amount that has been withheld from your paycheck and revise your withholdings, if necessary. You can get more information from the IRS website or call Admin Books for an individual assessment.
Importance of Mentors: Do You Have One?
In last months edition of Success Magazine, there was an article saying that the most successful achievers have relied on mentors to reach their full potential. People that are mentored "get more promotions, make more money and have job satisfaction." The article continues to convince the reader that being mentored is crucial to a person's success by stating that 70% of Fortune 500 firms have formal mentoring programs.
In the magazine, it lists several successful people and lists their mentor. This reminds me that we all have been mentors to someone else and we all need mentors. First, we need to strive to possess leadership qualities, step out of the boat and serve someone else. Instill in others good things and the blessings will come back to you.
Mentors can be used to: guide you financially, motivate you physically, encourage you mentally. Never stop learning. Never stop growing. One way to do this is by reading. Another way is to seek the advice of others that have wisdom and discernment - someone that will share their experience with you to help you down a similar path.
Need a mentor? Need a change in your business? Admin Books has an opportunity to receive mentoring in the following article. Be a mentor to someone and make a difference in their life!
Your Financial Flight Plan Business Consult Session:
Is the sluggish economy affecting your business? Do you want to be PROACTIVE instead of just reacting to your financial situation?
During the month of May, Admin Books is offering a 30 minute FREE consultation to get your business back on track. This breakthrough session will identify your goals, uncover challenges and find solutions.
During the call, you will:
- Uncover the hidden challenges that may be sabotaging your success
- Receive a crystal clear vision for increasing your profits
- Leave the session renewed, inspired and ready to take action in your business
Ready to take control of your financial house? Register here: Your Financial Flight Plan Session
After you register, we will contact you to set up your planning session.
Invest in your business by sending us your financial statements so we can best guide you and provide the support you need.
Take the necessary steps to build your confidence about your financial situation. Experience peace of mind TODAY...register NOW!
Managing Your Properties With QuickBooks:
Renee has just finished publishing a QuickBooks manual specifically for real estate investors and property managers. This step-by-step guide is packed with practical information with easy to read explanations and screen shots. Set up your own QB file by restoring the included sample file customized for real estate investors.
Topics Include: setting up tenant lists, dividing income and expenses by property, security deposits, customized Chart of Accounts, maintaining correct mortgage balances, earnest money, 1031 exchange funds, PITI, negative amortization loans, capital improvements, purchasing property entries, year end procedures, customized reports for investors and much more!
To preview the book: http://www.adminbooks.com/
Order Your Copy Today!
Quotable Quote:
"You can't be a smart cookie if you have a crummy attitude."
John Maxwell
Free Stuff: I want to make sure you are aware of several items of value that you can take advantage of compliments of Admin Books.
- Receive our Monthly newsletter for free, but also be able to access past articles on our website to review later.
- If your business is struggling or you are seeking confirmation that your bookkeeping is in order, take our FREE quiz. Answer 10 easy questions and get a diagnostic report that will let you know how your company is doing.
- If you would like to hear a 45 minute audio on how to manage your personal finances, click on the link Personal Finances
- If you would like to listen to an MP3 recording of how to run your business more efficiently, go to our website and click on the Compass Interview on the front page.
- Check out our blog. Post your comments or questions too!
- You've invested time, effort and money in your business. Now invest a few minutes to find out how you can find peace of mind in running your business with Admin Books. We'll make an investment in your success with a FREE 1/2 hour initial consultation for prospective clients. This gives you a chance to explain what is driving you crazy and we can confirm our services match your bookkeeping needs. Fill out the following Questionnaire.
- Not sure how long you need to keep your documents? Request a "Records Retention Guide." This brochure will let you know if you need to hold on to paperwork permanently, for 7 years, for 5 years, and 3 years. This free report will provide you peace of mind knowing it is fine to shred your documents. Contact us at 408-782-9640 to get your copy!
Upcoming QuickBooks Classes:
Beginner Class - Friday, November 13th from 8:45am - 5pm at the Holiday Inn in Morgan Hill. Check out our website for content and cost.
To register: Adminbooks Quick Books Class
As a business owner, you're the pilot who ensures the business takes off and lands successfully. Are you flying by the seat of your pants or do you have a flight plan? Read my book, "Your Financial Flight Plan: Pilot Your Business To Profitability. Check out your copy at: YourFinancialFlightPlan.com
The book is also available at Amazon.com, Barnes & Noble and BookSmart in Morgan Hill!
Are Your Books In Order?
What is the status of your bookkeeping??
Are you current??
Are your books accurate??
Admin Books can assist you with:
- Data Entry
- Reconciliation
- Payroll Processing
- Sales Tax Reports
- Workers Comp Reports
- Job Costing
- Private Consultations
- Financial Coaching
- QB File Clean Up
Call our office to confirm our services match your business needs!
Best Regards,
Renee Daggett
408-782-9640
