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 taxpayer owes...
Profit & Tax Blog
Deduct 100 Percent of Your Employee Recreation and Parties
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...
4 Key Strategies To Eradicate Business Debt
One of the quickest ways to sink any business is to acquire debt. Learn how to eradicate business debt with these four key strategies.
How To Make Your Dreams Come True With Profit First Quarterly Distributions
Want to know how to make your dreams a reality with Profit First Quarterly Distributions? Here are the five steps to setting up those accounts.
10 Ways To Increase Cash Flow and Maximize Credit for Your Service Business
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.
6 Profit Boosting Service Business Resolutions
We make resolutions for ourselves in the New Year – to eat better, exercise more, and save money… but what about making business resolutions that will help your service business grow and put more profits in your pocket?
Increase Profits In Your Service Business By Knowing Your Numbers
Recently I met with Joe who owns an HVAC company. He has spent a lot of time and effort over the past few years to increase profits and has grown his top line revenue from $500,000/year to $3,000,000/year.
Expand Services to Increase Profits
How you could expand services you offer or number of products you sell? If you already provide a quality product or service, your current customers will be open to a variety of items you introduce, recommend, or endorse to them.
How Your Service Business Can Dominate the Market
The majority of service businesses are established in response to market demand for a product or service. But how do you dominate the market?
Protecting Your Business Against The Recession By Solving These 2 Issues
The pandemic has done a number on the supply chains and manufacturing. Discover the secret to protecting your business against the recession.