Cincy Business Services

CLIENT SUCCESS STORY

Client L came to us needing support with their 1099 filings and who needed them.

→ While that is a very typical issues, this client had a bit more going on than just that.

→ They already had an accountant handling tax filings, but key details about how contractor payments were being recorded had been missed.

→ Whoever managed it previously, whether in-house or freelance, we couldn’t say for sure, hadn’t booked payments to owners and vendors correctly.

→ The result was a meaningful under- and over-reporting of payments, which meant their 1099s were significantly off.

→ There was also no clear distinction being made between payments made via third-party processors versus Zelle or check, a detail that is very necessary to distinguish.

→ Once we got into the source documents and started comparing everything line by line, the full picture came into focus.

→ We even found several instances where QuickBooks had “auto-corrected” transactions on its own and incorrectly.

→ Those had to be manually caught and re-classed to bring everything back in line. They were in turn able to complete their 1099 filings, late, yes, but correct.

→ → It’s worth asking yourself, when’s the last time you confirmed your books reflect what actually happened, versus what QuickBooks assumed happened?

If you’re not sure, that’s usually a good sign it’s time for a closer look.

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working out
I am by no means an expert. Not even a little bit. But I am finally giving myself a chance at movement and it’s been paying off. While I am a mom of two littles and I work from home, it’s very easy for me to justify not doing anything at all. BUT, I have over the past 2-3 months really put forth the effort by doing home workouts and it’s been very empowering!!

drinking water
Water is annoying. Just to be real. It’s not super fun, but I have really come to appreciate all that it has done for my body. I look forward to that GIANT amount of water I take in at the beginning of my day and it’s honestly been a life changer. I highly recommend adding a tinnnyyyy bit of Baja Gold Salt Co. to your water. It’s made a huge difference in how I stay consistent.

going to bed earlier
OMG. Going to bed earlier (as I write this at 10:30pm) has been a huge challenge. I was a night owl. 11:30, 12, 12:30am was bedtime and I could never wake up refreshed. Being in bed by 10:30 or even 10 was UNHEARD of!!!! But now, call me sleeping beauty because I LIVE for early bedtimes, lol.

not working at night
Not working at night, as a business owner, is extremely difficult. BUT for the most part I have cut that back by like 75-80%. Month-end close weeks sometimes call for it to meet deadlines. But the way I work now is in huge contrast to what I was doing before.

eating protein
I have always been a meat eater. But I never really paid too much attention to why and what it benefitted me. Now I make a concerted effort to really meet my protein goals each meal. My favorites are creamy eggs in the AM, with some type of steak or bacon, salmon for lunch, and STEAK for dinner!!

weight training
I never even thought twice about weight training until I became more into my health and wellness. I never wanted to get bulky and weird. But since I have learned so much about weight training, and how much it helps your body overall, and that the likelihood of me bulking up is literally 0.00%, I have really been loving the weights.

I want to look, feel, and be strong from the inside out, and I am so glad I am on this health and wellness journey!!
Give me your go-tos, I’d love to see what has wo

💭 Your office is growing and with growth comes more complexities.

You’re going to be pulled in to more directions than you ever thought when you started.

Maybe you just moved to a bigger office because clients are consistently pouring in. That’s amazing!

But what tends to fall behind is your financial operations.

Next thing you know, it’s Nov/Dec and you’ve done nothing with your financial operations.

And now you’re going to shove out $$$$ to get everything cleaned up. Like you said you WOULDN’T do this year. 🙈

Outsourcing your operations to Cincy Business Services will not only catch you up, BUT it will keep you current and beholden to modern technology to run the back office as efficiently as possible!

If this sounds the least bit interesting you and you’d love to learn more, let me know by sending me a dm. I’d love to chat more!