Profit & Tax Blog

Most service business owners treat their bank accounts as a one-size-fits-all solution. But you should think outside of the box with bank accounts.

Now is the perfect time for you to start planning out your taxes for 2022 profits and make it not just one of your best years in business, but also one of the least stressful!

If you don’t revisit the structures once you are a business owner, you are leaving thousands of dollars of tax savings on the table every year!

There are varying degrees of ways you can give thanks to someone. One of the easiest is to write them thank you notes or an email. Find out why it’s important.

What are the odds of you actually being audited? Audit rates peaked in 1972, with 1 in every 44 returns being audited by the IRS.

The first mistake most service business owners make with their taxes is the biggest mistake of all: it’s a failure to plan. Discover how to avoid this!

Employees can make or break your business and are often part of the profit leaks in service businesses so learn how to have employee success from day one.

Learn interviewing mistakes to avoid, making sure you are talking to the right people and understanding how to talk to them so you’re both on the same page.

Hiring the wrong person can be extremely costly in time, money, and frustration. Find out how to hire the best candidate and build a winning team.

In the next three short videos, Mike explains why it’s important to have an authorized expert, an accountability partner on your team if you want to get the most out of the Profit First system.