by | Nov 5, 2019 | Profit Maximizer Moment, Tax Tip of The Week
The new tax reform law passed in December of 2017, known as 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. Here are some of the main changes affecting...
by | Nov 4, 2019 | Profit Maximizer Moment, Tax Tip of The Week
On December 22, 2017, the largest tax bill since 1986 was signed into law. The Tax Cuts and Jobs Act (TCJA) made many changes to business taxes. First, let’s start with those items that were eliminated for 2017. Business Tax Breaks That Went Away in 2018...
by | Nov 1, 2019 | Profit Maximizer Moment
Year-end tax planning has always been one of the few guarantees a business owner will ever get. I just completed a tax plan that will reduce someone's 2018 tax bill by $64,495. And this isn’t a one-time occurrence—in the past three years, I have...
by | Oct 31, 2019 | Profit Maximizer Moment
Reducing your income tax expenses is a key component of profit maximizing. Remember your bottom line is your profit after income taxes. Unfortunately, very few business owners do anything to reduce their income tax bill. Most business owners assume that...
by | Oct 28, 2019 | Profit Maximizer Moment
The most valuable resource in any business is the business owner’s time. It is the one thing you cannot buy more of. That is why there are so many time management books (typing “time management” in Amazon.com returned 125,733 results). Here are the ones...
by | Oct 25, 2019 | Profit Maximizer Moment
I am often asked, “What is the one thing that successful business owners do that makes themsucceed?” Wow! This is a question that I always have trouble answering. Because usually thereis not just one thing they do differently. I used to say they work hard. But many...
