by | Feb 24, 2019 | Uncategorized
The new tax law has some big changes that will reduce business taxes. Especially for small business owners C’mon over to the Small Business Profit Maximizer Facebook page at https://www.facebook.com/BusinessProfitMaximizer/ where I am sharing business profit...
by | Feb 22, 2019 | Uncategorized
I am always telling my business owners that they need to have a profit plan. I have seen many different profit plans including a few that were drawn up on the back of a cocktail napkin. Of course, if you want to achieve massive profits you will need a...
by | Feb 6, 2019 | Uncategorized
Why the accounting profit formula (Sales – Expenses = Profits) taught by CPA's is causing business owners to concentrate on the wrong thing. I also answer why every business owner should concentrate on cash profits only.
by | Jun 13, 2018 | Uncategorized
The Tax Cuts & Jobs Act (TCJA) of 2017 eliminated the deduction of home equity loans. Under the old law you could deduct mortgage interest for your qualified principal residence and one other home (such as your vacation home or RV). There were limits:...
by | Jun 11, 2018 | Uncategorized
When I took my accounting classes and passed the CPA exam (the first in 1976, the second in 1977—dang, I’ve been doing this a long time!) I learned the definition of business profit as promulgated by GAAP (Generally Accepted Accounting Principles). What I...
