Profit & Tax Blog

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...

One of the quickest ways to sink any business is to acquire debt. Learn how to eradicate business debt with these four key strategies.

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. 

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? 

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.

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.

The majority of service businesses are established in response to market demand for a product or service. But how do you dominate the market?

Running a successful service business can be challenging, even in the best of times. When inflation is at the highest rate we’ve seen in many years – what do you do? What about when you can’t get the materials to complete your jobs? What can you do to recession proof your service business?