Lookout Outlook | February 2025 | Bookkeeping Newsletter

February 6, 2025

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At Lookout Bookkeeping, we pride ourselves on putting order to your chaos when it comes to your books!

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Lookout Outlook | February 2025

Roses are Red, Violets are Blue…

There are only 68 more days until your individual taxes are due! It’s time to ask yourself these questions:

FOR BUSINESS OWNERS:

Are all my income and expenses entered and categorized for 2024?
Have I reconciled my accounts (including any payroll and loan balances)?
Have I sent all required 1099s and W-2s?
Have I organized additional tax info, including my mileage log, home office deductions, retirement contributions, and estimated taxes paid?

FOR INDIVIDUALS:

Which tax documents am I still waiting to receive?
PRO TIP: Use your accountant’s tax organizer to help you figure this out!
Have I sent my tax accountant everything they need to file my return?
Do I need to make any additional retirement contributions for 2024?

Current clients: We are working through your business bookkeeping to wrap things up in the next 2-4 weeks. If you are not a client & need assistance with your business bookkeeping, we have 2 spots open for new clients who need 2024 assistance.

In Closing…

This is Lookout Bookkeeping’s busiest time of year, and that can come with a slight delay in our normal response time. If you’re a current client, please send your questions in the client portal and we’ll get back to you within 72 hours. If you would like to become a client, please fill out our intake form here: bit.ly/LKTLead

But don’t worry — we’re not going to ghost you! Stay connected with us:

On social media through Instagram and LinkedIn
Schedule a call using our website
And you’ll always find us in your inbox the first week of the month!

Have a fantastic February! 💕

Vendor Spotlight – American Express

If you are looking to add a credit card to your business, I highly recommend American Express. They have a couple of options for business owners, and I have utilized both in my business.

The first option highlighted is the Business Blue Cash Card. The Business Blue Cash Card from American Express was my first credit card in business. There is no fee, and an introductory 0.0% APR for purchases in the first 12 months. You will earn 1.5% Cash Back on purchases in the form of a statement credit each month, too.

BUSINESS BLUE REFERRAL LINK

Full disclosure: By using this referral link, you will receive $250 statement credit when you spend $5,000 in the first six months of having the card. When you signed up, I will receive a $50 statement credit as well.

Please be wise when choosing to utilize credit for your business.

The second option highlighted is the Delta SkyMiles® Reserve American Express Card. If you travel and use Delta Airlines for your flights, the perks are worth the annual fee (currently $650). You will earn SkyMiles® with all purchases as well. This is the card I primarily use in my business now.

DELTA PLATINUM REFERRAL LINK

Full disclosure: By using this referral link, you will receive 110,000 Delta Miles when you spend $12,000 in your first six months of membership. Highest bonus AmEx has offered with this card ever! Current promotion ends 10/23/2024. When you sign up, I will receive 25,000 miles as well.

The above information is subject to change at anytime with American Express & does not constitute financial advise. Please be wise when choosing to utilize credit for your business.

Know a friend who could use our help?

We would love to support them!

The biggest compliment is that you trust us with your bookkeeping.

The second biggest compliment is when you send your friends our way!

Refer a business owner who signs up for monthly services and receive a $100 cash referral gift. You can send this intake link to your friends: bit.ly/LKTLead

Your support of our small business makes all of this possible, thank you!

Send Them This Page!

Looking for a DIY Solution?

Look no further than our Small Business Bookkeeping Tracker! For the start-up side gig who just has a few transactions a month, this tracker will be your BFF for tax filing. You can enter your transactions each month and this tracker will produce monthly and annual reports. The best solution for any business until you need to partner with a bookkeeper to provide done for you services.