by | Sep 17, 2015 | Accounting & Bookkeeping, Books, Cost Cutting, Current Affairs, Income Taxes, Sales & Marketing, Small Business Owners, Small Business Success Series, Surviving an IRS Audit Series, Tax Tip of The Week
The following article appeared in the July 2015 issue of Small Business Tax Strategies (a publication worth checking out at www.SmallBizTax.net): The IRS has informally indicated that iPads and other tablets will be treated like cell phones when employers provide them...
by | Sep 16, 2015 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Business Success Series, Sales & Marketing, Small Business Owners, Small Business Success Series
There is a story that is often told by coaches, consultants, and motivational speakers to illustrate the power of passion at work. You most likely have heard some variation of this story about three masons working on a construction site in England during the Middle...
by | Sep 14, 2015 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Cash Flow, Income Taxes, Sales & Marketing, Small Business Owners, Small Business Success Series
Who in their right minds want to GIVE their money away to Uncle Sam? Not I! But it’s amazing how many businesses owners give money to the taxman unnecessarily or unknowingly. Imagine how much cutting taxes can affect your bottom line! Cut Your Taxes in Half in 6 Easy...
by | Sep 7, 2015 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Cash Flow, Sales & Marketing, Small Business Owners
So yesterday I spoke about increasing prices. In line with growing your business, working less (not harder) and boosting profits – we have to touch upon improving gross profits in general. Improve Gross Profits. The number one question I hear from new...
by | Sep 3, 2015 | Accounting & Bookkeeping, Books, Business Profit & Cash Flow Tips, Income Taxes, Personal financial planning, QuickBooks, Small Business Owners
Under the hobby loss rules you can’t deduct expenses in excess of income, so no loss is allowed. A recent tax court case (Akey, TC Memo 2014-211) involved a collector of sports memorabilia who also was a full-time quality assurance engineer. On his tax...
by | Sep 2, 2015 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Current Affairs, Sales & Marketing, Small Business Owners, Small Business Success Series, Social Media Marketing
If you are billing by the hour—stop! Your customers hate it and it doesn’t reward you appropriately. It also often stops you from upselling additional services. And let’s face it—you and your employees both hate tracking your time. Your customers really...
