Golden Oak Financial Services

To my wonderful clients, friends, and community, It’s with a full heart that I share this news: Golden Oak Financial Services will be pausing operations for the foreseeable future. I started Golden Oak over two years ago with a mission to support small businesses and individuals in our community, and I’ve been incredibly blessed to serve so many of you along the way. Over these years, I’ve learned, grown, and connected with amazing people. I’ve experienced once-in-a-lifetime opportunities and have been honored to be a part of your financial journeys. As many of you know, my family commitments have grown, and we've taken on a few new ventures as well. However, due to ongoing health issues, I’ve realized I can no longer provide the level of service that Golden Oak clients deserve. To my subscription-based clients, nothing will change—I'll continue to support you and answer any questions as they come up. For my monthly service and consulting clients, please check your email for more details on the next steps. These past two years have been nothing short of amazing, and I’m beyond grateful for every experience and connection. This isn’t a permanent goodbye, just a “see you later” for now. Thank you for trusting me and allowing me to be a part of your journey. Wishing you all continued success and prosperity. With sincere appreciation, Jessica Cable Owner & Founder #GoldenOakFS #ThankYou

Success starts with clear priorities! Whether you're managing business finances or personal goals, knowing what matters most helps you use your energy and resources effectively. Here’s how to stay on track: + Identify Key Goals: What’s most important to you? Write them down and keep them visible. + Create a Plan: Break your goals into actionable steps. A roadmap helps you stay focused and measure progress. + Eliminate Distractions: Find what pulls you away from your priorities and minimize those distractions. + Stay Consistent: Regularly review your priorities and adjust as needed. Consistency is key! At Golden Oak Financial Services, we’re here to help you prioritize your financial goals so you can focus on what truly matters. Let's achieve your dreams together! What’s your top priority right now? Share in the comments below! #FocusOnPriorities #FinancialSuccess #GoldenOakFS #BusinessGoals

As a small business owner, understanding how employee benefits affect payroll is crucial. Offering benefits like health insurance and retirement plans increases payroll costs and requires careful budgeting. These benefits can also provide tax advantages, though they add complexity to payroll processing and compliance requirements. Despite the added costs, comprehensive benefits boost employee morale and productivity, leading to a more engaged workforce and benefiting your business in the long run. For help navigating employee benefits and their impact on payroll, Golden Oak Financial Services is here to assist! #SmallBusiness #EmployeeBenefits #PayrollManagement #GoldenOakFS #BusinessFinance

As we wrap up the third quarter, here are some essential reminders and updates to keep your business on track: ✨ Financial Review: · Check Financial Statements: Review your income statement, balance sheet, and cash flow statement to understand your financial health. · Budget Adjustments: Compare your actual spending and income against your budget and make necessary adjustments for Q4. ✨ Tax Deadlines: · Quarterly Estimated Taxes: The deadline for Q3 estimated tax payments is September 15. Make sure to submit your payments on time to avoid penalties. · Annual Returns: Start preparing for year-end tax filings. Gather necessary documents and review any tax changes that may impact your business. ✨ Payroll Updates: · Year-End Preparations: Begin preparing for year-end payroll tasks, such as verifying employee information and ensuring all payroll taxes are up to date. · W-2 Forms: Confirm that all employee W-2 forms will be ready for distribution in January. ✨ Compliance Check: · Regulatory Changes: Stay informed about any regulatory changes that may affect your business operations and ensure compliance. · Licenses and Permits: Review and renew any necessary business licenses and permits that may expire soon. ✨ Planning Ahead: · Q4 Goals: Set clear goals for the fourth quarter. Focus on key areas such as sales targets, marketing campaigns, and operational improvements. · Holiday Planning: Plan for the holiday season if it impacts your business. This includes inventory management, staffing, and marketing strategies. Staying on top of these key areas will help ensure a smooth end to the year and set your business up for success in 2024. If you need assistance, Golden Oak Financial Services is here to help! #BusinessFinance #QuarterlyWrapUp #GoldenOakFS #FinancialPlanning

Small Business Statistics You Should Know! As a small business owner, staying informed about industry trends and statistics is crucial for your success. Here are some key stats that every small business owner should be aware of: Growth and Survival: → About 20% of small businesses fail within their first year, and 50% fail within their fifth year. However, those that survive often experience significant growth opportunities. [Source: U.S. Bureau of Labor Statistics] Employment Impact: → Small businesses account for 99.9% of all businesses in the U.S. and employ nearly half of the private workforce. [Source: Small Business Administration (SBA)] Revenue Insights: → On average, small businesses with fewer than 10 employees have an average annual revenue of $100,000 to $1 million. [Source: Guidant Financial] Funding and Financing: → 82% of small businesses experience cash flow problems, and 29% run out of cash, making financial management critical. [Source: QuickBooks] Technology Adoption: → Over 80% of small businesses use digital tools for sales and marketing, highlighting the importance of staying tech-savvy. [Source: Small Business & Entrepreneurship Council] Understanding these statistics can help you make informed decisions and strategize for your business's future success. Stay informed and keep your business thriving! #SmallBusiness #BusinessStats #GoldenOakFS #FinancialEducation

One of the most common myths about bookkeeping is that it is merely data entry. Fact: Bookkeeping involves much more than just entering numbers into a system. It requires tracking financial transactions, reconciling accounts, and ensuring the accuracy of financial records. A skilled bookkeeper helps maintain the financial health of your business by providing essential insights and ensuring compliance with regulations. Accurate bookkeeping is crucial for making informed decisions and achieving long-term success. Don’t underestimate its importance! #BusinessFinance #Bookkeeping #GoldenOakFS #FinancialFacts

As a small business owner, staying on top of your finances, money management, and accounting is crucial. Here are five top-notch podcasts to help you navigate the financial side of your business: · The Bookkeepers’ Voice: Offers tips and strategies tailored for bookkeepers in the modern business world. · The Successful Bookkeeper: Features interviews with industry experts sharing practical advice and insights. · Accounting Best Practices with Steve Bragg: Covers a wide range of topics to help you streamline your accounting processes. · Cloud Accounting Podcast: Stay updated on the latest trends and news in cloud accounting. · Grow My Accounting Practice: Provides strategies and tips for growing and scaling your bookkeeping or accounting practice. These podcasts are packed with valuable information to help you manage your business’s finances more effectively. Tune in and elevate your financial knowledge! #SmallBusiness #FinanceTips #Bookkeeping #Podcasts #GoldenOakFS

Choosing the right payroll system is essential for managing your business efficiently. Here’s a quick guide to the different types of payroll options available: In-House Payroll: → Best for: Small businesses with straightforward payroll needs. → Overview: Managed internally, offering control and flexibility but can be time-consuming. Outsourced Payroll Services: → Best for: Medium to large businesses. → Overview: External providers handle all payroll tasks, ensuring compliance and efficiency. Ideal for complex payroll requirements. Online Payroll Services: → Best for: Small to medium businesses. → Overview: Cloud-based platforms that automate payroll. Convenient, cost-effective, and provides access to payroll experts. Professional Employer Organizations (PEOs): → Best for: Businesses seeking comprehensive HR and payroll solutions. → Overview: PEOs manage payroll, benefits, and compliance, acting as a co-employer. Great for outsourcing multiple HR functions. Payroll Software: → Best for: Small to medium businesses comfortable with technology. → Overview: Software that automates payroll processes. Offers control and customization but requires expertise to manage. Understanding these options helps you choose the best payroll system for your business, ensuring smooth and compliant payroll processes. #BusinessFinance #PayrollOptions #GoldenOakFS #SmallBusiness

Happy Labor Day! 🎉 Today, we celebrate the hard work, dedication, and contributions of all workers. Whether you're running a business, managing a team, or putting in the hours to achieve your dreams, your efforts make a difference. Take a moment to relax, recharge, and reflect on all that you've accomplished. Here’s to the hustle, the grind, and the commitment to success. Enjoy your well-deserved break! #LaborDay #WorkHardPlayHard #GoldenOakFinancialServices

We’re excited to shine the spotlight on Dutch Fork Farm, a local gem known for its handcrafted, all-natural soaps and skincare products. 🧼 Whether you’re looking for a little self-care or the perfect gift, their products are made with love and care right here in our community. Check out their full range of offerings at dutchforksoapco.com and support a business that’s passionate about keeping things natural and sustainable. #ShopLocal #SupportSmallBusiness #DutchForkFarm #GoldenOakCommunity