by | Dec 10, 2015 | Business Profit & Cash Flow Tips, Business Success Series, Small Business Owners, Small Business Success Series
Every business owner has been faced with a customer carrying a competitor’s ad or invoice with a lower price. Your immediate reaction is to match the price. When you are trying to increase gross profit, the fastest route to putting more cash in your bank...
by | Dec 3, 2015 | Accounting & Bookkeeping, Income Taxes, Small Business Owners, Small Business Success Series
Real estate has long been a popular investment. Rental properties, in particular, can be a source of income and has many income tax benefits. In particular, real estate can provide a tax-deferred income stream due to the deduction of a non-cash expense...
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 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 17, 2015 | Business Profit & Cash Flow Tips, Business Success Series, Sales & Marketing, Small Business Owners, Small Business Success Series
What your personal goals are will affect how you design and run your business. My favorite example of this occurred shortly after I opened my CPA firm 20 years ago. I was helping the owner of a portrait studio implement a marketing plan that we had created...
