Tuesday, October 5, 2010

DEAD-Lines October 15/31, tick, tick, tick~LIVE~!

Are you walking the line? Did you forget something?

Below are important deadlines, but there is so much more waiting, ready- when you are. This is a busy month AND you can't afford to put off getting your life on track--(NOT ANOTHER SECOND). Don’t get stuck using 2011 income to pay 2010 taxes. Worst of all, if you wait, you prolong the deadening swirl of unknown, gripping fear, and lurking despair-- a mess toeing disaster... Well, here is a shining ray of Green Light for you and/or your business.

It takes a systematic approach to move from mess to Success & missing deadlines to Making Headlines.
  • 6 Month Tax Extensions October 15, 2010. Final Deadline to file 2009 Individual Income Tax Returns (with extension)
  • Sales Tax Liability October 31, 2010. Sales Tax Payments due for businesses.
  • Employer Tax October 31, 2010. Payments are due October 31st
  • Quarterly Estimated Tax Payments for 2010 Income Tax are due Apr 15, Jun 15, Sept 15, Jan 15

First deadline, your 2009 Income Tax Return (with extension) is due and you are at risk of paying penalties and interest if you miss this deadline.

Second deadline, I suggest paying Quarterly Sales and Use Tax Payments online at:

https://efile.boe.ca.gov/boe/express_login_code.jsp

It's quick and easy. All you need is your express login # off the form they mail out and the quarterly info from your income statement. Remember to print a copy/save the pdf.

Thirdly, for Employer Tax you need the 941-V, Payment Voucher, DE-6 Quarterly Wage and Withholding Report (California), and DE-88 Payroll Tax Deposit (California)

Fourth deadline, if you make self employed income you may need to make quarterly payments to avoid owing big come April 15th. Use the 1040-ES & 540-ES Voucher (California)

http://www.irs.gov/pub/irs-pdf/f1040es.pdf
http://www.ftb.ca.gov/forms/02_forms/02_540es.pdf

Plan ahead, budget now, so you can Green Light Your Dreams...

Tye Kirk
Know your Numbers, Live Rich!
310-922-4419
info@TheGreenBookkeeper.com
www.TheGreenBookkeeper.com

Tuesday, September 28, 2010

Punchin' the Clock...

Punchin' the Clock...Whenever the issue becomes about time- 2hrs i lost here, 3 hrs i'm missing out on over there: It's Contraction not Expansion, Warrior not King, It is ego acting out like the scared, bewildered, confused boy it is... From this small, defeated place not even a million extra hours could change a thing.

If your stuck down in a hole - quit digging.

Tye Kirk
Know your Numbers, Live Rich!
310-922-4419
info@TheGreenBookkeeper.com
www.TheGreenBookkeeper.com

Workin’ hard or hardly workin?

I recently asked 3 people this question and got 3 very different answers....

Are You Workin’ Hard or Hardly Workin’?

A colleague replied, "Workin’ very hard!" With a mix of pride, obligation and desperation like a cornered wolf.

A friend replied a different way, she said "yeah I’m workin’ my ass off and it never seems like I can catch up and my to do list is taller then me and I…" And then something clicked and she said, "And you know what, I am doing my best, and I love all that I am learning and I wouldn’t trade it for anything…"

Suddenly, she had a totally different view of her situation. She caught herself mid-sentence and changed her whole mood, attitude and outlook on life.

Without explaining herself or what happened. Or apologizing. And seemingly not even noticing, she transformed. I felt the difference like night and day. And it was stunning.

A third person, a co-worker of mine is this blatantly chipper, ridiculously bubbly go getter-day-after-day…and I love it! It’s contagious and I love those days working with her. I glimpse another world sometimes when mine is off kilter. She infects me with her joy virus and the rest of the day I am smiling and laughing for no reason. I don’t thank her, but I make sure I give her the same enthusiasm back.

The heaviness of work is a loaded question. How come different people respond to their work in different ways? And I ask myself does work really need to be hard?

For some reason I don’t quite understand why I love my work. I work hard in the traditional sense of working long hours: 40+, some weekends, some nights, whatever it takes to get everything done. But I like it and I’m good at it and as long as I take breaks and exercise and eat smart I feel good.

I noticed a shift out of working hard as a draining, ox-pulling-a-cart phenomenon when I resolved the question of always doubting and second guessing what my life purpose was… I realized that the answer was staring me in the face… “Follow your bliss” and suddenly it dawned on me I looked up from my laptop, smiling, totally immersed in my work and the challenge and discovery of the moment and there it was the clue and I was awake enough to recognize it shining through- I love what I am doing.

I see that this might not be forever but for right now it is golden and I don’t have to cast it away to find the perfect thing. I can just build on what I already know I love. In this moment I surrendered and everything opened up.

The chronic tension I’d been experiencing for years wasn’t from the work, the tension was from self doubt that I could bring value and raise my game and thinking I needing to please people. All kinds of mind spells I was casting on myself.

So I paid attention to this little intuitive voice from within and followed my bliss and committed and all I had to do was keep improving the quality of my work.

I love what I am doing
I love the mystery of numbers and moving them and grouping them and seeing patterns and finding answers in them
I love that I am seeing big growth spurts in every area of my company,
Most of all I love delivering impeccable, on time, vital info that often times has a huge impact on the day to day operations of the company.

When I am squarely in this place I am working hard and hardly working.

Tye Kirk
Know your Numbers, Live Rich!
310-922-4419
info@TheGreenBookkeeper.com
www.TheGreenBookkeeper.com

Thursday, August 12, 2010

Finding my Motivation: Living in the Question


You can go backwards,
You can go back and forth,
You can rest and come back later,
But don’t ever back down.


How do you find motivation? In life, in work, in attaining your dreams?

Are you right now highly Involved, fully Engaged in what you are putting your time, energy, and life blood? Are you ripping off the covers to get out of bed in the morning?

This is something that has been coming up a lot for me this week: (see video blog)

For the past 6 weeks and counting I have been uncharacteristically highly motivated… I wake up early invigorated, invested, cracklin’ to get started. I do my morning health and wellness routine, eat a lite breakfast and then I set out doing whatever building my business calls for: the work, the visioning, the marketing, the critiquing, the billing, the emailing, the strategizing and scheduling.

What is making this month different than in previous months over the last several years of inconsistently following through on my plans and goals to build my business and follow through on a number of creative projects? Does starting something with a lot of flurry and eventually falling flat after 3 weeks sound familiar to you?

I don’t know the answer, but I ask myself: if I did know the answer then… I would say it’s one main thing and a constellation of little impactful things that add up big over the long run.

The little dipper of impactful things is composed of a consistent daily practice of Deep Self care- Cutting out the bullshit- Getting help & -Clearing the decks.

Specifically, I accomplish this through doing & being: eating right, exercising right, replenishing spiritually, connecting authentically with people, doing what’s most scary, tracking my time, following intuition, taking breaks before i need them, acknowledging my wins & what I am grateful for, setting intentions to be of service, asking for help, being held accountable, honoring my commitments, cultivating a sense of compassion throughout the day, and creating work routines. These are little, everyday practices that have helped me transform my relationship with work, minimizing the stress and maximizing the joy I feel throughout my day regardless of the deadlines, breakthroughs or set backs.

This last week was a great example. Everyday I had done my yoga practice before work and come Friday, the day of a big deadline, I had to really focus in and innovate a whole new system for how the client would track expenses and more succinctly measure profitability. I flowed through the work with no body tension and received just enough creative bursts that the project came together just-in-time, practically on its own with no “hard work”. The client was delighted and I remained at ease, in service and in awe with the process and my new levels of creative output and quality of work.

The one main North Star thing that is different in my approach to work and building The Green Bookkeeper Co. is that I am determined to do new things everyday and to do old things in new ways. Said another way I am committed to bringing heightened awareness to what I am doing and discovering new and improved ways of getting my work done. My whole orientation to work has shifted as I notice myself feeling fascinated about my work. It’s a shake up. I am not just going thru the motions- everyday is new and on the brink of another innovative creative explosion.

Ultimately, I notice I am living in the question, instead of living like I already know it all, asking myself: How could this be better? What else is needed to improve the quality and volume of my product and services?

It is exciting going through life curious with passion to learn more and at greater depth about what I am doing. This is a subtle distinction but the effect on my everyday life experience and work experience is astounding.

As a self-employed man with my own company I don’t have the luxury of a boss to keep me in line and light a firecracker under my ass everytime I show up late to my desk & sluff off in my duties. Its up to me and I am choosing to step up to the challenge and head out into new territory, everyday discovering a new piece to the puzzle called The Green Bookkeeeper Co. & the bigger Puzzle called Life.

Saturday, August 7, 2010

Starting a Business is the Work of an Artist

Starting a business is the work of an artist- it is a creative endeavor– and it takes a strong desire and unquenchable thirst, a willingness to go the distance and dive into the unknown. Your success, in whatever form you define it, requires you to bear witness to your unfolding and surrender to the lessons and continue to pick up the pieces and fine-toothed comb the rubble. You better beg the gods for guidance and go along for the ride- flirt with destiny – step into bigger shoes, and each and every day decide to choose mastery and put back on the beginner’s robe.

I ask you for the same level of commitment I ask of myself: “Choose nothing less than to create a masterpiece.”

Tye Kirk
Know your Numbers, Live Rich!
310-922-4419
Info@TheGreenBookkeeper.com
www.TheGreenBookkeeper.com

Friday, July 9, 2010

Be Financially Free AND Responsible- Estimated Tax Payments

Do you make Passive Income? Are you earning any non salary income? So what do you need to do about this Abundance?

Wouldn't it be nice to pay your income taxes on time with the ease and grace of the King Archetype? Here's how...

Everyone is required to pay income tax as they earn the income, either as withholdings as an employee or from self employment tax.

Do you know what Estimated Tax Payments are?

Estimated tax payments are just that. They are pay-as-you-go tax payments based on what you estimate to earn for the year, usually paid on a quarterly basis. And ultimately, the payments have a hidden benefit as they keep you from falling behind on your and help you avoid the pain and suffering of a tax crunch come April 15th..

You may be charged late fees and penalties for not making at least 4 payments throughout the year by each deadline AND if you underpaid your tax (ie your estimated payments were below what you actually made during the tax period).



So who needs to pay?

Estimated Tax Payments are not just for people who own their own business. They are also for people with passive income. If you have any income that is received without income tax withholdings then you must pay Estimated Tax Payments. Examples of non employee income come from: earnings from your small business, side work as an independent contractor, other income from interest, dividends, rental properties, alimony, etc.


How do you pay?

The Estimated Tax Form, Calculations, Payment Stubs, Mailing Address & Instructions are available at:
http://www.irs.gov/pub/irs-pdf/f1040es.pdf

Saving vs. Paying Quarterly?

Some people prefer to save their tax payments in a high yield interest bearing account, instead of paying quarterly to the government. Officially, this is not inline with IRS regulations. As stated above, you are required to pay your income as you go, but if at least part of your income has withholdings and you don’t have any past or present red flags you may slip under the IRS radar. Saving is beneficial if you are responsible to save the correct amount and trust yourself to not spend it when crisis calls. If you don’t trust yourself yet, it may be smarter to pay it quarterly to the IRS.

Avoid late fees and penalties and all the unnecessary stress and anxiety of needing to scramble at the end of the year to pay your taxes. Be smart, pay your taxes throughout the year.

If you have questions post them here as comments. If you want assistance setting up a system to take back your life from crisis choices and the anxiety and dread of woes-me thinking or you want coaching to make better choices that feel good and empower yourself to live the life you dream of, then contact me. Today is the best day to start- you are worth it!

Be financially free AND financially responsible-- Save before you get stuck.

Tye Kirk
Know your Numbers, Live Rich!
310-922-4419
Info@TheGreenBookkeeper.com
www.TheGreenBookkeeper.com