You likely have heard the saying “Sales is for vanity, profit is for sanity, and cash is king! This highlights the main reason for the change. Too many business owners fixate on their company sales. When I ask them how business is doing, the common...
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We Are Relaunched and Rebranded!
Even though we were just selected as one of the top 25 Best Accounting Blogs by Accounting Degree Review (https://www.accounting-degree.org/top-accounting-blogs/) it is time to change the focus of this blog. The name of the blog has changed from Small Business...
SPECIAL REPORT ON NEW TAX REFORM LAW–The New 20% Qualified Business Income Deduction
The new 20% Qualified Business Income Deduction (20% QBID) is a HUGE tax break for most small business owners. In fact, this may be the biggest tax break to come down from Washington that mainly applies to small businesses in my 35+ year career. Of course, this...
SPECIAL REPORT ON NEW TAX REFORM LAW–20 Changes For Business Owners
The new tax reform law passed in December of 2017 (the “Tax Cuts and Jobs Act” or TCJA) is the biggest overhaul of the federal income tax code since 1986. It will have huge effects on business owners in 2018 and beyond. In fact I would argue that...
SPECIAL REPORT ON NEW TAX REFORM LAW–20 Changes For Individuals
The new tax reform law passed in December of 2017 (the "Tax Cuts and Jobs Act” or TCJA) is the biggest overhaul of the federal income tax code since 1986. It will have huge effects on individuals in 2018 and beyond. This special report covers the...
Discover the 12 Keys to Massive Profits!
I have been working with and studying small business owners for over 40 years. This has given me the opportunity to discover why some business owners are highly successful and why others fail or are continually struggling. Even with businesses in the same...
Profits are all that counts!
In business, profits aren’t just important; profits are the only thing that counts. Your business profits provide you, the business owner; the ability to attract top talent, eliminate debt, give back to your community, plan for retirement, comfortably support your...
What are you doing differently in 2018?
When I meet with my clients I always ask them, “How is your business going this year?” No matter how they answer, my next question is, “What are you doing differently this year to grow your business profits?” Invariably, business owners who are growing their...
Tax Planning Tips For Year Round Benefits
It is always a bit of a challenge with everything going on in your life to keep tax planning in your thoughts throughout the year. The good news is that if you work with an accountant he or she will typically send you newsletters or emails that will help you remember...
Common Accounting Mistakes Small Businesses Make
If you go by the SBA (Small Business Association) definition of a small business being under 500 employees there are 28 million businesses in this category. However, if you look at businesses that just employ one person, a sole owner/employee combination, then you...