|Real Bookkeeping. Virtual Assistance.|
|Volume 8 Issue 1||www.offassist.com|
It's a New Year!
Every business has busy seasons and Spring is mine, thanks to the IRS. I'll just have to be brilliant next month. Or tell you about my kid's birthday for the umpteenth year in a row. Tune in next month to find out!
Lower Social Security Taxes!
Employees: Remember, only 4.2% will be withheld for SS from your checks soon! - great blog here
Employers, this may be a hassle for you to change
in your accounting and payroll systems, which is why Uncle Sam gives
you until January 31, 2010 to implement it. See the article above
for more details.
This month's article is aimed at those building a consulting practice, but the general ideas are sound for any solo entrepreneur who wants to grow their business---because, really, no one can do it all.
Grow Your Small Business Consulting Team
This may be possible at first when operations are limited to only a handful of activities and clients. But as more clients and projects enter the picture, doing everything yourself can take up much of your time, attention and energy, preventing you from taking more work and eventually burning you out.
In the end, your income either remains the same while you work more hours or your income declines from reduced efficiency.
The small business consulting solution -
Organizing a team to perform specific tasks in your business is the best way to grow your client base. With more hands and minds at work, you can delegate the ordinary functions to your team so that you can focus on more important aspects like business planning, marketing and expansion.
How to use teams in business
Contrary to the usual practice of starting solo, you should consider setting up a team early on in your consulting business. You need not hire personnel to be your employees to form a team. A good team can be composed of skilled free lancers who, just like you, are looking for more clients.
You can easily find qualified people to take care of the following:
* Content writing
Changing your mindset
If being a perfectionist is one of your traits, you may have to learn to change this mindset if it prevents you from trusting others to do most of the hard work for you.
This is often the problem with business owners who possess highly specialized skills. Their tendency to do everything by themselves increases as they feel the need to produce only the best and nothing less.
Bear in mind, however, that clients who rely on your expertise won't be able to tell the difference between a grade A or B output from you, and will pay you the same amount regardless.
Setting up a team of experts can be a time-consuming effort requiring extensive search and screening. Turning to outsourcers with a ready stable of qualified service providers will significantly reduce the time it will take to build your team and should be a regular activity in your business of small business consulting.
Check out http://www.ConsultingTycoon.com and register now for your FREE "Fast Start Kit" and "Consulting Success Secrets" interview to get started right away in the small business consulting industry.
is bookkeeping tip rather than a QuickBooks tip this month.
Note: Check with your accounting professional before doing this to be sure that's how they'd like it done. YMMV!
An accountant is having a hard time sleeping and so he decides to go to see his doctor. "Doctor, I just can't get to sleep at night," complains the man.
"Have you tried counting sheep?" inquired the doctor.
- Individuals, Farmers & Fishermen Pay 4th Quarter Estimated
- File Form 2290 - Heavy Highway Vehicles
NOTE: 2011 Mileage Rates Released
Despite the fact that many predict that the cost of gas will inch up to $4 per gallon by the holidays, the standard mileage rates for 2011 are just slightly different than those for 2010. The IRS has announced the standard mileage rates for 2011 as follows:.
Rates are adjusted by the IRS each year to account for increasing
(or in some cases, decreasing) costs of operating a car, truck or
van for various purposes. The one exception is the lower rate for
miles for charitable purposes: that rate is fixed by Congress and
hasn’t been adjusted since 1998.
up a Wireless Network
So, I thought for this issue I’d take a step back and look at some tricks and tips that just about everyone could use to save time, make things easier, or save yourself some heartache.
So there you have it! Some nifty “Computer Basics” tips and advice
guaranteed to save you time, stress, or heartache. Now I’m off to
empty the recycle bin (the real life one. It is overflowing, and
taking up valuable office space).
The OffAssist Team
I'm the face of OffAssist. When you look at our Twitter account, you see me, Candy Beauchamp. When you look on the website, you see me. When you read our testimonials, most of them talk about, you guessed it, me.
But the truth of the matter is that is hasn't been all about me
in a long time. Yes, OffAssist is my business and my baby, but it's
been a team effort for a while now. Learning to delegate the things
I did for myself that weren't bookkeeping or growing my business
was hard. The decision to bring on additional bookkeepers so I could
take on more clients nearly killed me. But, in the end, this whole
team thing worked and continues to work. Without my team my business
would not have been able to grow the way it has.
Have an article you'd like to write for our monthly newsletter or want to be spotlighted? Have a QuickBooks question or something you'd like to see in the Tech Tip?
The OffAssist newsletter is made possible by the copywriting/editing skills of Ink Think VA, and the coding talents of Time Is Of The Es-Cents.
This newsletter is published monthly by Candy Beauchamp of OffAssist. © 2011Much of the advice in this newsletter is based upon the research, professional and personal experiences of the authors. If the reader has any questions concerning any material or procedure mentioned, the publisher and authors strongly suggest seeking the advice of a qualified CPA or other professional.