Karen Kirkpatrick, CPA

Home
United States
Harrisburg, PA
Karen Kirkpatrick, CPA

Providing accounting and tax services to health + fitness professionals so they can spend more time

12/31/2023

Is anyone else just spending this week reflecting on everything that happened this past year?

There was one thing that stood out more than anything, and it was this quote I saw... "The only way to get unstuck is to take ACTION."

Too many times I want things to be 100% perfect before I post, launch, etc. And I'm realizing I just have to take the first step. I've repeated this to myself over and over as a reminder of just how far I've come in my business. Maybe it will help you as you go into 2024. ❤️

12/29/2023

As we wrap up the last few days of the year, I'm already deep into planning my business goals for 2024. 2023 was a year of getting consistent on here and keeping up with my 1:1 clients.

A few things that I'm working toward in 2024: filling my membership (The Confident CFO), helping you all during tax season, and taking time to be present for my girls' sports and activities.

What are your goals for the New Year?

12/27/2023

End of the year favs:

Who doesn't loves apps, gadgets, and tools that save us time and money?! Or make managing our business finances just a little bit easier...

Here are 3 of my favorites that I use for my small business:

1️⃣ Quickbooks

This should be obvious. I simply could not do my job without it! Quickbooks makes it easy to track all your finances in one place, compare months or years, and create easy to read reports for you and your business partners. 11/10 would recommend!

2️⃣ Google Sheets or Excel

If you want a more cost-effective way to manage your business finances, a simple spreadsheet will do! I have several tax clients who track their monthly/yearly business expenses on a spreadsheet, and all they have to do is share it with me come tax season!

3️⃣ Budgeting App (like You Need A Budget)

Mint is going away, but any way to track finances in one place is great! Or start your own spreadsheet or pen and paper!

Need more help managing your income and expenses? Grab my FREE Ultimate Business Accounting Checklist! >> https://www.karenkirkpatrick.net/accounting-checklist [link in bio]

12/22/2023

Can I just tell you just how thankful I am for... YOU?! I know Thanksgiving was a month ago, but as I'm spending a lot of time reflecting this time of year, I can't help but just be so incredibly grateful for YOU! Whether you like, comment, read, send messages, or are a client of mine, I am grateful that you give me this space to share tips + strategies for business owners on keeping your money in order. Keep following along because there's so much more to come! ❤️

12/20/2023

You may be looking for an accountant this time of year but let me put your fears at ease!

Of course, the number one thing to consider is whether or not you trust the person to run your business finances. The last thing you want is to worry about where your money is going.

If you're ready to find the best accountant for your business, check out my tips on how to choose and accountant {link in bio} >> http://karenkirkpatrick.net/blog/tips-for-choosing-an-accountant

12/18/2023

I don't know about you, but this is my last full week of work before taking off before the holidays and then it will be all systems go come January for me through tax season!

This week, I'm balancing work and lots of shopping before taking off from Christmas through the New Year. It feels like A LOT right now, but I am ready to tackle my to-do list and then purposefully slow down.

Just because it's December doesn't mean you have to speed up.

12/15/2023

Hey business owners!

Don't forget your gifts for your contractors are tax deductible! *Just know, they do have limits! Businesses can deduct $25 in gifts per person per year. These limits also apply to freelancers or contractors with whom you do business.

Ideas for contractors:
-Gift cards
-Coffee
-Subscription boxes

Keep your receipts!

12/13/2023

Are you REALLY a business owner? Or do you just have a hobby? How do you know?

If your "business" isn't making a profit, then it's not really a business.

And if your business IS making a profit, then you need to be keeping track of your income and expenses starting, well, TODAY!

Don't know how to get started? Grab my Ultimate Business Accounting Checklist today to learn how to start tracking your income and expenses (and make tax time next year a lot easier for you)!

https://www.karenkirkpatrick.net/the-confident-cfo

12/11/2023

Scrambling this time of year to balance your money?

While a spreadsheet can suffice for your business (and it's free!), if you really want to step into being a CFO of your business, I can't recommend Quickbooks highly enough.

This is what I use for ALL my business clients because it's easy to track expenses, see trends over time, and will make taxes easy for you at the end of the year.

It's a solid investment for your business and will truly have you feeling like the CFO of your company!

12/07/2023

Get ready for 2024!

Startup costs the expenses that your business incurred before it opened. Some examples might include market & industry research costs, pre-opening employee wages & training, and pre-opening advertising & marketing.

Costs associated with business trips (e.g., client visits, business conferences) can be written off for business. These include airline tickets, baggage handling, lodging, ground transportation, and even laundry.

Do you work with contractors? You can deduct any amounts paid for their services during the year. Some examples of contract labor include virtual assistants & OBMs, graphic & web designers, brand & marketing photographers.

12/04/2023

What goals do you have for 2024?

Have you thought about what you want to make each month in revenue?
If you want to hire?
How you can grow your business this next year?

I know these can be intimidating questions to ask but if you don't challenge yourself, you won't change!

Let me know if I can answer any tax or money question for you as you plan and dream for 2024!

12/01/2023

'Tis the season for giving!

Any donations that you give during the holidays can count as holiday expense deductions. However, ensure that you give these deductions are made to a qualified non-profitable organization.

You can also receive a deduction of the costs of supplies used during the deductions.

Types of giving: donation of property, volunteering services, and cash donations.

This time of year is a great time to give and support charitable organizations important to you and your business.

Address

Harrisburg, PA

Website

http://karenkirkpatrick.net/

Alerts

Be the first to know and let us send you an email when Karen Kirkpatrick, CPA posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Karen Kirkpatrick, CPA: