Tax Tip of the Week: IRS Targeting S Corporations That Pay Low Salaries to Owners

Many owners of S Companies take low salaries so that the bulk of the profits are passed to their personal returns free of Social Security and Medicare taxes. Both the IRS and the courts are consistently ruling against such arrangements. In a recent case, a CPA set up...

What Should You, as the Business Owner, Be Spending 80% of Your Time On?

Very simply: The business owner should be concentrating at least 80% of their time on either increasing revenues or lowering costs. Bill Glazer, author of Outrageous Advertising that’s Outrageously Successful (get it and read it) says, “I have a two thing business...

10 Surefire Ways to Make More Money and Keep It in the Bank!

Go to www.myprofitguru.com to listen to our free webinar that will show you the following 10 surefire ways to make more money and keep it in the bank. This one-hour webinar is jam-packed with information that I have used over the last thirty-plus years to help...