Evermore Financial Services, LLC

Accounting is so interesting. Always has been, always will be. If you didn’t catch that—yep, that was sarcasm. For us, accounting is a fantastic topic to bring up any time of the day. But for most people? They’d rather talk about anything else. Understandable. Not only is accounting an uncomfortable topic, but it can be seriously puzzling. That’s where I come in—a Gen Z marketer (who got a B- in Accounting) with a Gen Z & Millennial business owner target audience. Since starting at Evermore, you can imagine how much I've learned, how many questions I've asked, and how many times I’ve had to say, “Can you explain that again… but in human language?” (Good thing I work with the most patient, amazing, smart people). I know I can't be the only one wanting to learn more but finding it difficult to understand everything. That’s where my latest mission comes in: making accounting tips easier to understand. This post is a little test of that. Personally, I love a good metaphor. So let’s see if this approach gets more engagement than the usual professional accounting speak. Because likes = understanding… right?

One of the top fears business owners have when they come to us? 💡 Judgement. They worry we'll scrutinize their bank account, spending habits, or business choices. But here’s the truth: We’re here to help you grow. Judgment stays at the door. Everyone has a different past and unique goals they’re hoping to achieve for their business. While we can’t change the past, we’re fully committed to helping you reach those future goals. That’s why we love this testimonial from Lyndsay of Icon Cakes and Tres Belle: "One of the things I value for myself and my employees is education. So I always want to have money for continued education." Continued learning is crucial in the baking industry to keep up with not only your skills but also trends. Lyndsay made it clear that this is important to her, so we prioritize it when working with her because she knows what’s best for her business. 👉🏼 What’s the one cost that’s a priority in your business?

When we first started Evermore, we couldn’t have imagined we’d be here today. A team of six. Amazing clients. Building something better every day. Growing a business is so much more than just hitting milestones. It’s about growing together as people. 🌱 There’s a deep sense of peace in knowing that, even in the chaos, we have each other to lean on. A great partner and team—there’s nothing like it. 🤍 These past 7 years have been an incredible journey, and we can’t wait to see how we continue to grow in the next 7 and beyond! Think back to the beginning of creating your business. What parts of your journey have led you to where you are today?

Hear what Michael Ledford from Dirt Worx Inc. has to say about his experience with Evermore Financial Services! 📣 At Evermore Financial Services, we pride ourselves on being more than just an accounting firm. We are dedicated partners in your business journey, committed to easing the stress of managing your finances so you can focus on what truly matters. Your business, your growth, and your well-being are at the heart of everything we do. Michael’s feedback is a testament to our mission: to educate and empower business owners to leave a lasting legacy, without sacrificing the important memories today. There's no better feeling than hearing the kind words from our clients, and it fuels our passion for helping businesses thrive. Thank you, Michael, and all our clients for trusting us with your financial needs. Your success stories are why we do what we do!

Struggling with the relentless pressures of inflation? 📉 The rising costs and economic uncertainties can shake even the most established businesses. But here's a strategy to help you not just survive but thrive: 💡 Strengthen your pricing power and streamline your offerings. 💡 In these challenging times, it’s crucial to focus on what truly matters. Zero in on providing essential products and services that remain in demand, no matter the economic climate. By concentrating on offerings that people need regardless of inflation or recession, you can maintain a robust pricing position and ensure your business stays resilient. 💰 Here’s a question to ask yourself: What product or service does your business offer that remains indispensable, even when inflation is high?

💡 How to Find Extra Money in Your Small Business You know that feeling of reaching into a pocket and finding a $20 bill you forgot you had? What if you could multiply that happiness and apply it to your business? 💰 ✨ Rethink employment benefits Invest in employee satisfaction to reduce turnover and cut hiring costs. Happy employees = happy customers! 💡 Rethink upselling Train your team to promote additional products to loyal customers. They are five times more likely to buy again! 🤝 Rethink partnering Team up with complementary brands to expand your reach without extra spending. Teamwork makes the dream work! 📲 Rethink social media Engage with customers on social media to boost visibility and attract new business. It's cost-effective and impactful! 💬 Rethink communication Use blogging and newsletters to keep customers connected and informed, even when you're not face-to-face. Finding hidden money in your business is more plausible than you think. Prioritize wisely, spend smartly, and watch your profits grow! Comment below a way you find money in your business that would benefit other business owners! 👇🏼

Evermore Essentials Summer Series 🌱 Managing cash flow effectively is crucial for any business, especially when dealing with seasonal fluctuations. Here are four essential tips to help you master seasonal cash flow management: 👉🏼 Forecast and Plan Ahead Create a cash flow forecast using past data to predict trends and anticipate cash flow changes. Plan effectively to allocate resources and avoid shortages! 👉🏼 Build a Cash Reserve Save a portion of profits during peak seasons to create a cash reserve for slower periods. This ensures you can cover essential costs even when cash inflows are low. 👉🏼 Optimize Inventory Management Adjust inventory based on seasonal demand to avoid overstocking or stockouts. Keep enough inventory during peak times and reduce it in slower months to free up cash and minimize costs. 👉🏼 Manage Receivables and Payables Use strategies to manage accounts receivable and payable. Encourage prompt payments from customers and negotiate favorable terms with suppliers to maintain a healthy cash flow balance. By forecasting, planning, and taking proactive measures, you can navigate the challenges of seasonal cash flow and keep your business thriving year-round. Hope this helps! Follow us to follow along on our summer series!

💭 Understanding the new labor law thresholds is crucial for ensuring your business stays compliant. Starting July 1st, the eligibility threshold for salaried workers will increase by 65%, affecting those earning $43,888 annually ($844 weekly). By January 1st, 2025, this threshold will rise again to $58,656 annually ($1,128 weekly). 💰 As a business owner, it's essential to stay informed about these changes to effectively manage your workforce and maintain compliance. The upcoming adjustments could have significant implications for your payroll and budgeting. 📎 Make sure you're prepared and take the necessary steps to adjust your business practices accordingly. Were you aware of this new law? How are you planning to adapt to these changes? Share your thoughts and strategies in the comments below! ⬇️ 

Do you remember why you went into business? It's interesting to reflect on this after many years in your business. "What was the reason I went into business?" Ask yourself. It could be as simple as chasing a dream or a side hustle that turned into a full-fledged business. Our reason for starting may sound cliché, but I'm sure most of you share it: to help others. We saw that business owners needed help with their finances so they could focus on their core operations, their "why." Even today, we ensure that reason remains our primary focus each day. Why we do what we do. Is your reason still the same as when you started, or has it changed?

💡 Entrepreneurship is filled with challenges, which is why having a network of like-minded individuals to share experiences with is essential. 👥 Networking plays a pivotal role in navigating the complexities of running your own business, particularly when you're doing it solo. Moreover, as accountants, we understand the value of a strong client network. We actively recommend our clients' services to others seeking specific expertise, fostering a mutually beneficial ecosystem. At Evermore Financial Services, community lies at the very heart of our ethos, ensuring that support and collaboration are always within reach. ⬇️ Share a networking group or event that you highly recommend!