by | Dec 1, 2015 | Accounting & Bookkeeping, Income Taxes, Small Business Owners, Small Business Success Series
One thing my 30+ years of preparing taxes for business owners has taught me is that some business owners legally pay less in taxes than other business owners who make the same amount. I call these my Smart Business Owners. Let’s see what these guys do...
by | Nov 30, 2015 | Income Taxes, Small Business Owners, Tax Tip of The Week
Do you have a plan for dealing with all the new taxes affecting business owners in 2015 and 2016? Make no mistake about it—the government is raising taxes to cover their excessive spending, and not managing your income taxes can cost you thousands of dollars...
by | Nov 19, 2015 | Accounting & Bookkeeping, Cash Flow, Cost Cutting, Income Taxes, Sales & Marketing, Small Business Owners, Small Business Success Series
Why Does Tax Planning Work? Tax planning works because the business owner learns to appreciate that the tax law affects every aspect of their life and then learns how to plan their finances in a way that minimizes their tax liability. When I say the income tax code...
by | Nov 18, 2015 | Accounting & Bookkeeping, Cost Cutting, Income Taxes, Small Business Owners, Small Business Success Series, Tax Tip of The Week
Tax Planning Guarantees the Business Owner They Will Pay Less in Taxes Very little in business is guaranteed. Even a well-planned marketing and sales campaign cannot guarantee results. But those businesses that take tax planning seriously are almost...
by | Nov 16, 2015 | Cost Cutting, Income Taxes, Other, Sales & Marketing, Small Business Owners, Small Business Success Series
This week I had an appointment with the owner of a small trucking company who wanted to know if he should incorporate. He has been in business for about five years and has grown the company to about $700,000 in revenue, but was still having small losses due to...
by | Nov 11, 2015 | Accounting & Bookkeeping, Cash Flow, Income Taxes, QuickBooks, Sales & Marketing, Small Business Owners
Set Up Users with Limited Permissions and Access Every day my staff and I fix client QuickBooks files that are filled with errors. Many of these are caused by the owner allowing their untrained employees access to all areas of QuickBooks. This can...
