When you’re first starting your service business it’s very easy to make a simple mistake that can cost you thousands of dollars in unnecessary taxation, and it has nothing to do with what trade you’re in, what name you choose, or what market you’re operating in.
Tax preparation is what most service business owners think of when it comes to taxes. They assume that they can just drop off a stack of receipts and some forms at tax time each year and their accountant or whoever is handling it can just magically find money in the checkbook.
I work with service business owners all over the United States to help them develop their own tax-planning strategies that allow them to keep more of what they earn in their pockets.
Hiring decisions and training new employees is one of the toughest jobs you face as a manager or business owner. Find out how to make smarter decisions.
The tax code allows deductions for qualified miles driven for business, medical, moving and charitable purposes. But to claim this deduction you must keep adequate records of actual miles driven.
Tax and business planning is important for the success of any organization, but especially for the family business. Here are six important questions.
Every business is vulnerable to natural disasters such as fires, floods, tornadoes, hurricanes, and earthquakes. But preparation can minimize your exposure.
Employee theft happens frequently enough for it to be a concern of every business, whether it’s a one-employee office or a 40-employee service business.
It’s time to start implementing the Profit First fundamentals in your business, so you can earn profit starting today. Find out how with these guidelines.
Often business owners sacrifice so much for little in return. You must realize you’re the most important employee in your business.