Profit & Tax Blog

Tired of handling the same tasks and issues daily? It’s time to implement systems. Taking time now to create processes frees you up and helps your business grow.

Learn how to set up standard operating procedures (SOPs) to streamline workflows, boost efficiency, and grow your business and profits quickly.

While profit vs cash flow may appear synonymous, they operate on different wavelengths within a home service business.

Before you change pricing, it’s essential to calculate a few things to ensure that your business can remain profitable. Here are the top five things you should calculate before you change your pricing,

Recurring income can create cash flow-generating assets in your service business. This will help your profits to continue to pour in while eliminating stress about payroll, especially during the slower season.

As a home service business owner, there are five key performance indicators that you should monitor to ensure the success of your business.

Quite often you are so focused on the NOW, today and what sales are booked for the next week or so. While it’s important to have your finger on the pulse of what is happening NOW, you also have to look at the past to predict and be prepared for the future. That means looking at patterns and tracking trends. 

There are a TON of areas in your business that affect your bottom line and profit percentage. Here are 8 ways to increase profits.

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...

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...