What is Simple Profit?

Hi! I am Jennie Schottmiller, family therapist and CPA. I started Simple Profit to provide education, resources and support to small business owners.

Small business owners have special skills and abilities in particular areas that aren't bookkeeping, accounting or taxes. When business owners go to ask their tax professional a question, they are not always met with a welcoming, warm or helpful response.

This is where Simple Profit comes in. 

As a CPA, I keep up on all the latest changes in the tax law that impact you as a business owner. I love helping business owners gain insight and clarity so they can make business decisions such as choosing a form of business, planning to hire a first employee and determining if an expense is deductible. I also enjoy giving practical support such as helping set up QuickBooks Online or understanding how to use any accounting system.

As a family therapist, I really want to help people. I will explain an accounting topic 10 different ways if that is what it takes for it to make sense. 

When you join Simple Profit, you are joining a community of business owners where you can ask questions and get straight forward, accurate answer and you will never have to feel bad for not already knowing.

Why keep your own books?

Small business owners may only have a handful transactions per week for their business. Paying someone else hundreds of dollars per month to track these few expenses is not a great use of resources.

Doing your own bookkeeping ensures you will be aware at all time where your business stands. You need this information whether you outsource this task or not. Better to pay a small fee monthly to ensure you know how to account for your business than a large fee and not know what is going on.

Business Community

The Simple Profit Community allows you to ask questions in particular topic areas such as QuickBooks, the Profit First system, Owners Pay, Hiring Employees and Tax Questions.

In addition to being able to ask questions and get answers any time, members are invited to monthly meetings including live Q&A and get access to monthly content and resources. 

Simple Profit Tutorials

Membership comes with access to an ever growing library of content to help you mange your business.

Tutorials include:

• Preparing for tax season
• Owners pay
• Estimating taxes
• S-Corp decision
• Hiring/employee pay
• Accounting: bookkeeping basics, accounting spreadsheets, Quickbooks online
• Profit First allocations
• Business dashboards

Ask a question in the community and it just may lead to a live Q&A or end up as a library resource!

Monthly Webinars

Jennie hosts a live webinar each month. Most webinars include a presentation on a particular topic followed by live Q&A, and some are Q&A only sessions. Lives are recorded and saved for those who can't attend live. Past lives include:

• Profit First method
• Estimated taxes
• Retirement planning
• Business profitability