Everything you’ve been taught about profits is likely this. Revenue – Expenses = Profits You bring in sales, you pay your bills and whatever is left over is what you can take home (or put back into your business). You may even think – it ‘is...
Generally, taxpayers should file their tax returns by the deadline even if they cannot pay the total amount due to avoid a penalty for not filing taxes, but if you can’t, there are several options. Let’s take a look at a few scenarios: An individual...
When you know the rules, you can deduct employee recreation and parties. The IRS says that the following types of entertainment qualify for the 100 percent employee entertainment tax deduction: Holiday parties, annual picnics, and summer outings Maintaining a swimming...
One of the quickest ways to sink any business is to acquire debt. So how do you eradicate business debt? When we use debt, we are essentially borrowing from tomorrow’s happiness to pay for things we can’t afford today. Ask yourself… How much interest are you...
To increase cash flow is the lifeblood of your business. The amount of cash you have on hand each month can either make you feel ‘the crunch’ and bring on stress or allow you to feel like you can breathe easy knowing you are successfully working on your plan. ...
