by | Dec 6, 2011 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Tax Tip of The Week
Discounts on your business’s goods or services may be given to employees and their families tax free. You can provide anything your business makes or sells at a reduced price, but never below cost. Services may be provided at a discount of up to 20 percent. Discounts...
by | Dec 1, 2011 | Business Profit & Cash Flow Tips, Sales & Marketing, Small Business Owners
I moved to El Paso in 1973 from Massachusetts, and I am embarrassed to admit I have never learned Spanish. In these 38 years, I have used the following “reasons” as excuses: I’m too busy My wife can translate for me Well, to be honest, laziness As I was sitting...
by | Nov 25, 2011 | Business Profit & Cash Flow Tips, Business Success Series, Sales & Marketing, Small Business Owners
Holidays are a great time to say thank you to your customers and to sell tastefully. Buy Christmas cards and sign each one personally. Have each envelope addressed by hand. If you have bad handwriting like I do, have someone else with good handwriting address them for...
by | Nov 22, 2011 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Cost Cutting, Current Affairs, Income Taxes, Tax Tip of The Week
There is still time to cut your business income tax bill for 2011. Here are 7.5 tax cutters that you should consider implementing before year-end: Buy equipment this year. For 2011, the maximum 100 percent deduction of equipment under Section 179 is $500,000. This is...
by | Nov 1, 2011 | Business Profit & Cash Flow Tips, Business Success Series, Sales & Marketing, Small Business Owners, Small Business Success Series
The myth most business owners believe: Any customer is a good customer. Why this myth causes a problem: When I was first starting my CPA firm, I took every job that I could get. Heck, I had three little kids and had no money, no work, and very few customers, so I felt...
by | Oct 22, 2011 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Business Success Series, Cash Flow, Cost Cutting, Income Taxes, Small Business Owners, Small Business Success Series
The myth most business owners believe: Hiring a good tax preparer is the secret to paying lower taxes. Why this myth causes a problem: The normal business owner believes that their work is done once they hire a tax preparer. They don’t do anything to control tax...
