Tuesday, February 10, 2015

Little Rock Accountant Terri Layne Ivy

Terri Layne Ivy 

     If your idea of an accountant is a taciturn type more at home with numbers than
people, you need to meet Terri Layne Ivy, owner of  Ivy Tax & Accounting.
     "I'm probably not your typical accountant.  I love being around people.  I am extroverted.  I
want to help them," Mrs. Ivy said. 
      "I have a heart for small businesses.  I get such a kick out of seeing small businesses
      Terri has been an accountant for 23 years.  She was graduated from Arkansas State University at Jonesboro with a bachelor of science degree in accounting and has held her certified public accounting license for about 15 years.
      She does tax returns - personal, corporate, partnership, business and trust.  She offers bookkeeping services, help with Quickbooks and does payroll and payroll taxes.  She sets up corporations and nonprofits. 
     "I would love to help you.  It's important to find someone you feel comfortable with and someone you trust, someone you know who is going to be in your corner if anything happens. That is the kind of relationship you need with whoever your accountant is."
     Terri is a whiz at Quickbooks. 
     "I have worked Quickbooks for years.  I just go out and fix their problem. I enjoy doing that.  A lot of small businesses may have an idea about Quickbooks.  It's a small-business software package.  It's pretty user friendly.  Quickbooks, if you know how to use it, can be the heart of your business. You teach them where the expenses go, profit and loss, balance sheets, assets … . When you have everything in the right category, your financial statements will be correct. I enjoy teaching them and showing them how to do that."
     Terri is her own boss and wouldn't have it any other way. 
    "I won't work full-time for anybody.  I get one shot at being a mom, and I can do (an accounting task) at midnight as well as 10 a.m.  I get the work done."
     She meets with her clients and determines what level of services they require.  
     "Many of my creative clients are awesome at being creative, awful at paperwork.  One woman started out with a flea market booth, then moved into a small building, then into a large building."  
     The woman knew how to grow her business, but needed Terri to keep the paperwork in order.   "She can't do it, and I can't paint furniture," Terri said with a laugh.
     Some folks are just overwhelmed.  "I say just bring me everything, and I'll sort it out.
    "In some companies, I do everything - make deposits, write checks. They are out-sourcing their accounting department.  There is a lot of advantage to that.  I don't need benefits or vacation pay.  I just need to get the work done.
     "I like dealing with different industries.  So it's fun.  It might be a bakery one day, an automotive place the next or a corporate place.  And if there is a day I don't want to talk with anyone, I can just sit and do bookkeeping all day. I get the best of both worlds."
    Terri said there are many changes this year with the Affordable Care Act, or "Obama Care."
    "Some people who have never needed a CPA, they may need one this year. This is new.  No one has ever done this before. And some of the tax breaks changed.  There have been changes in depreciation."
    This is Terri's eighth year working on her own.  
    "I just love it.  Not every day, but most days.  I am a Christian, and I feel like this is God's gift to me.  I can be with my kids. If I can help someone and be a blessing to them, I want to. There are so many good people in the world.  If I can make a little living out of it and help you too, I will."

     You may reach Terri at 681-9880.

Monday, February 9, 2015

Profile: Terri Layne Ivy

Terri Layne Ivy 

     Where were you born?  Little Rock.
     Where do you live?  Pleasant Valley.
     Tell us about your family.  I have been married almost 22 years.  I have a 12-year-old daughter, Ashley, a 10-year-old daughter, Emily, and a 5-year-old son, Christopher.  My husband's name is Chris.  He is a CRNA, Certified Registered Nurse Anesthetist.
     Do you have any pets?   We have two rescues, Malt-zhus, part Maltese and part Shih Tzu.  Spencer looks like a Shih Tzu, and Ricky is Maltese looking.  They are brothers, two years old.  We got them when they were about six months old.  
     Do you have favorite actors?  I love old movies with happy endings. I like Cary Grant and Bing Crosby.
     A favorite movie?  White Christmas.
     Is there anything you would like to learn how to do?  I'd love to learn how to sew.  My mother could sew anything.  One time we went to the store (there was a dress I wanted),  and she drew a picture of it there.  She came home, made a pattern and made me that outfit. 
     What do you like to read?  I like to read biographies.  I like to read Christian fiction, and I like good mysteries.
     Do you have a favorite author?  Jan Karon and Lawrence Sanders.  I got '41 by George Bush for Christmas, so that's what I am going to read next. 
     What do you do in your leisure time?  My family and I like to go to Disney World and to go to Branson.  We love supporting the Arkansas Baptist Eagles, and we are very active in our church.  We go to First Baptist.  All three of my kids go to Arkansas Baptist.
     What would you do if you won a large lottery?  I would get out of debt, take a really long vacation and see who I could help out.  And just enjoy my family.  I'd still work a day or two a week.
     What's the strangest thing in your fridge?  A bottle of amoxicillin that's about five years old.  My husband asked why I didn't throw it out.  I said there might be an emergency.  And we have four different kinds of pickles.  Everyone likes a different type.