Financial Fancy LLC

Financial Fancy LLC

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🚨 LONG POST: BUT FIRST, can I run this biiiikkkeeeee!!
Bought the house and thennnnn bought the building.
It’s all still surreal. Wow!
God I see you!!!
While I ponder here in this energy…
I found out that our strength is that we are ALL powerful.
Our weakness is that we just don’t know HOW powerful.

Gratitude for my support system:
My silent partner but not so silent, always talking partner. Ernest A. Barnett III You stay ready!

My chirrrren who literally think I have an “S” on my chest to do ANYTHING! I mean literally! They would not let me waver.
Vejah, Sienna, Jada, Dre and Gabe

The Dream Team at Vanquish Beauty Studio Denise, Samantha, Sara, Amber. Y’all hold me together.

All my family and friends who love me and tell me how incredibly proud you are of me you know who you are! We elevating!

The Business Team:
Linda Davis-Adams with Linda Adams- Realtor, Lynchburg's Finest Team. My client of 6 years and friend. Thank you for holding my hand the entire journey. I never had to call you once for anything. You stayed on top of everything.

Jason Porter, Legacy Realty VA You saw a vision for me the day you walked in the salon 16 months ago. Thank you for the confirmation and for supporting my business still.

Charese Jefferson Financial Fancy LLC for all the late night, early morning phones calls on my financial reports. You the Goat!

Nick Gillian and Brent Jenkins Freedom First Credit Union for walking me through the entire process. Oh! And for all that cash!!! 🤑

Note: I see now how God kept dropping in pieces to my puzzle. The business team and I were all once complete strangers only a few years ago. Keep moving even if it’s only baby steps. God sends you who you need when you’re ready. Be patient, stay focused and keep grinding.

There’s another level of consciousness in knowing this is only the beginning.

Allow me a few days to process all of this…
My current emotions:
😮😆🤪🥰🤯😍🥳😱😚🥴😳🙌🏾🤩

We done bought the damn building y’all!!!!
Been a quiet week on the social media side of things for me as I try to recover from the INSANE holiday season😅. Ending 2021/kicking 2022 with an appearance on Business After Dark podcast by Financial Fancy LLC Head on over to your favorites podcasting app and set that reminder to give it a listen!

I’m here to say I am ready for 2022 and there are lots of exciting things in store for Macon Megs coming your way! Don’t miss tuning into Business After Dark podcast when it hits this evening to check out my little one-on-one with the fabulous Charese as we dive into the ins and outs of entrepreneurship!

Business Financial Strategist, with a specialized area of work with small business owners. She has w

Operating as usual

03/22/2023

Tune in to this amazing episode of Business After Dark with entrepreneur, Dr. Alison J. Kay!

03/21/2023

Book RVA….Chapter 2….

Last-Minute Tax Tips to Maximize Your Tax Return – NCBW-RMAC 03/21/2023

Last-Minute Tax Tips to Maximize Your Tax Return – NCBW-RMAC

Are you registered? Calling all women business owners, all moms, all 9-5 come on….

Last-Minute Tax Tips to Maximize Your Tax Return – NCBW-RMAC This website is the sole property and responsibility of the National Coalition of 100 Black Women, Inc. – Richmond Metropolitan Area Chapter

03/21/2023
03/20/2023

It's time for Discovery Call Madlibs, you fill in the blanks!

Has it been an *unspeakable* amount of time since you've done your bookkeeping?

THAT'S OKAY!

Please don't let shame hold you back from getting your business back on track. I'm not here to judge you, and I can almost guarantee you I've seen worse!

Let's work together to make sure you never feel BAD about your bookkeeping again. 🤗

~Your Small Business CFO

03/20/2023
03/19/2023

….LOADING……

Photos from Financial Fancy LLC's post 03/17/2023

Save our Business Spring Cleaning Checklist for later!📌

🧼 Ensure Your Bookkeeping Is Up-To-Date
🧼 Update Your Bio + Headshot
🧼 Follow Up On Unpaid Invoices
🧼 Re-Negotiate Vendor Payment Terms
🧼 Ask For Client Reviews
🧼 Market Any New Offerings
🧼 Save For Estimated Taxes

Let's get bookkeeping off your plate today! Click the link in my bio to get started.

03/15/2023

Join me on the podcast as I talk all things entrepreneurship with Courtnie Nichols of TravelBash Corp!

03/14/2023

I'm sliiightly biased because I think most businesses could benefit from working with a professional bookkeeper! 😜

But if you identify with any of the bullet points in this post, it's about time for you to click that link in my bio. Let's grow your business together!

~Your Small Business CFO

03/14/2023

Evolving…..

03/13/2023

Want to be hands off when it comes to your business finances? 👐

I get it - that's what you hired me for! But, it doesn't mean we aren't going to be talking every month.

Whether I'm just checking in to let you know that your accounts are reconciled and send your monthly reports, or you want to set up a monthly call, I'm available to make sure you're staying up-to-date on your bookkeeping!

~Your Small Business CFO

03/13/2023

New friends and old friends….

03/11/2023

Did you catch the episode with …amazing 🤗
Streamline all podcast platforms…

03/10/2023

I'm not saying to add on another expense when your business isn't profitable, but consider this:

Is your business NOT profitable because you don't understand your numbers?

Are clients paying you but it just feels like you're paying unending bills and can never pay yourself?

I'd argue that one of the BEST times to hire a bookkeeper is when you aren't profitable so that we can help you right the ship.

Once all your expenses are categorized correctly, you may even be able to use your business's loss to help offset your taxes - but you won't know that without bookkeeping!

~Your Small Business CFO

Photos from Financial Fancy LLC's post 03/09/2023

👩‍🏫 If I had to walk into a kindergarten class tomorrow and explain financial statements, here's how I would do it!

~Your Small Business CFO

Last-Minute Tax Tips 03/09/2023

Last-Minute Tax Tips

All Ladies.... I"m so excited about this one. The National Coalition of 100 Black Women Inc. Richmond Metropolitan Area Chapter have a presentation for you.
The event is FREE and VIRTUAL - share with your friends and network.
Can't wait to see in the room
https://www.eventbrite.com/e/last-minute-tax-tips-tickets-576875238367?utm-campaign=social&utm-content=attendeeshare&utm-medium=discovery&utm-term=listing&utm-source=cp&aff=escb

Last-Minute Tax Tips Join us virtually on Wednesday, March 29th from 7pm-8pm. Free to attend. Prizes to qualified registrants!

Photos from Financial Fancy LLC's post 03/08/2023

What is the ERC?
The ERC is a refundable tax credit designed for businesses who continued paying employees while shut down due to the COVID-19 pandemic or who had significant declines in gross receipts from March 13, 2020, to Dec. 31, 2021. Eligible taxpayers can claim the ERC on an original or amended employment tax return for a period within those dates.

To be eligible for the ERC, employers must have:

sustained a full or partial suspension of operations due to orders from an appropriate governmental authority limiting commerce, travel or group meetings due to COVID-19 during 2020 or the first three quarters of 2021,
experienced a significant decline in gross receipts during 2020 or a decline in gross receipts during the first three quarters of 2021, or
qualified as a recovery startup business for the third or fourth quarters of 2021.
As a reminder, only recovery startup businesses are eligible for the ERC in the fourth quarter of 2021. Additionally, for any quarter, eligible employers cannot claim the ERC on wages that were reported as payroll costs in obtaining PPP loan forgiveness or that were used to claim certain other tax credits.

03/08/2023

Join me and my guest on the podcast today, Chantel King, as we talk all things entrepreneurship!

Inspired with no action Ep 108 by Business After Dark 03/07/2023

Inspired with no action Ep 108 by Business After Dark

https://anchor.fm/businessafterdark/episodes/Inspired-with-no-action-Ep-108-e20107d

Inspired with no action Ep 108 by Business After Dark The Light we Carry - Michelle Obama Buy the book Chop Wood, Carry Water (How to fall in love with the process of becoming great) Want to work with me - fill out an intake form Our Sponsors: Get QBO for your bookkeeping needs Lexie and Lee - Shop with code FANCY to get 20% OFF YOUR PURCHASE Purchase....

03/07/2023

Get your tickets… this year it’s time to elevate ladies…

We are excited to host the the 2nd Annual Winning with Women Entrepreneurs Conference . Will we see you there? Make a investment in your business. Grab your ticket today!

Photos from Financial Fancy LLC's post 03/07/2023

Is paying yourself your FIRST priority, or the LAST thing on your mind?

In my experience, most new business owners fit into one of those two categories!

👉 Swipe to learn how to figure out what you can pay yourself.

Need help figuring out your net income? It's time to hire a bookkeeper!

03/06/2023

I had the highest honor to interview a women I aspire to, admire and she claimed some powerful affirmations over me in this interview, and I'm still in awe of every conversation we have had. And look forward to the ones we will have in the future. Thank you Sonji Rollins Tucker for the life you spoke over me and I accept it....all of it.

https://lnkd.in/eKYeC6BZ

03/06/2023

With bills coming in every. single. month, it's not surprising that money is a huge stressor in people's lives.

As someone who deals with numbers everyday, I've put together a list of my best tips for dealing with money stress.

Ready to know your business's numbers? I'm here to help!

~Your Small Business CFO

03/05/2023

📆 For business owners of an S-Corp or Partnership, March 15th is your business tax filing deadline. Plus, it's the deadline to elect to be taxed as an S-corp for calendar year 2023.

It just sneaks up on you - right?! If you won't be ready to file in time, let's get in touch to file for a 6-month extension to help you avoid penalties for failing to file!

If you're planning to extend your business tax filing, it probably makes sense to file an extension for your individual tax return while you're at it.

03/04/2023

🤯 Feeling overwhelmed having to remember exactly what to do on a weekly, monthly, quarterly AND annual basis for your business!?

You're in the right spot!

💬 Message me for a copy of my FREE Bookkeeping Checklist!

~Your Small Business CFO

03/04/2023

Comparison is the thief of joy! It's so easy to get caught up in comparing yourself to others, they drive *this* car, so I should too.

But, there's a big different between being able to buy something and truly being able to afford it!

This is your gentle reminder that having the shiniest new thing isn't always worth putting yourself through financial stress.

~Your Small Business CFO

03/03/2023

Comparison is the thief of joy! It's so easy to get caught up in comparing yourself to others, they drive *this* car, so I should too.

But, there's a big different between being able to buy something and truly being able to afford it!

This is your gentle reminder that having the shiniest new thing isn't always worth putting yourself through financial stress.

~Your Small Business CFO

03/03/2023

Ready to get FISCAL-ly responsible?

Here's how you can take the first step... set up a discovery call!

Our discovery calls are a no-obligation opportunity for you and I to find out if we're a fit! We'll discuss your business, your needs, your expectations, and I'll share with you what to expect when we work together.

If it's a match, we can get started! And if it's not the perfect fit, I might be able to refer you to someone who is!

~Your Small Business CFO

03/03/2023

Help Us Celebrate a few Queens who eagerly fix other women's crowns...
The Women's Business Center Richmond is hosting it's annual "POWERful Women's" Breakfast on March 28th at VUU. Click below link to register TODAY.
https://ic.theinstitutenc.org/workshop.aspx?ekey=30430030

03/02/2023

Today I'm shouting out a few of my FAVORITE small businesses who can help YOUR small business grow!

I'm so grateful to have found such an amazing community of like-minded entrepreneurs who are dedicated to helping others.

Who else do I need to know? Tag your favorite small businesses in the comments!

03/02/2023

Did you know I can help you save on your Quickbooks subscription?

Quickbooks is my preferred bookkeeping software because it's a one stop shop and it will grow as you scale your business. Adding payroll, separating projects, mileage, sending invoices, and even funding options.

Message me "QB" and I'll hook you up with my discount code!

~Your Small Business CFO

02/25/2023

Women Evolve……

02/24/2023

📌 Save this post to customize for when your team grows in 2023!

Do you have a go-to lunch spot that you take new employees? Let me know in the comments! 💬

~Your Small Business CFO

Photos from Financial Fancy LLC's post 02/23/2023

Kind of like an ex that won't let you meet their family... your balance sheet can throw up red flags too! 🚩

A bookkeeping error may not be the cause of all of these red flags, but each of these is worth looking in to to ensure you fully understand what your balance sheet is reporting about your business!

We also offer Clean up service...start with a clean slate for 2023.

~Your Small Business CFO

02/21/2023

Here's how to find out EXACTLY what you need to charge to break even on your business:

☕ To keep things simple, I'm going to use the example of a coffee shop. Starting with fixed costs, it costs the shop $1,000/month to stay open regardless of whether they have any customers.

Next, we've got to find out the contribution margin per cup of coffee. If it costs $2 (variable costs) to make and sell a cup of coffee, and the store charges $6/cup, then the contribution margin is $6 - $2 = $4.

To find the shop's break-even point, you'll take your fixed costs ($1,000) and divide them by your contribution margin ($4) to get 250 cups of coffee needed to be sold by the shop to break-even on a monthly basis.

Need help calculating your break-even point? I'd be more than happy to help!

~Your Small Business CFO

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Address

Po Box 70006
Richmond, VA
23255

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