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...
Here’s a story about a successful service business strategy helping a business owner. For the sake of this article, we’ll call him Joe. He was a successful business owner with a thriving business BUT he was miserable. Maybe you can relate? Successful but...
You know the phrase ‘How you do one thing is how you do everything’? Kind of like if you never make your bed, or you eat poorly in the morning or you skip steps at work and ignore some of the processes. You tell yourself – it’s good enough…this...
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...
