Profit shouldn’t be an afterthought, but that’s the way most service business owners treat it. They put profit as the last priority, at the end of the line of sales, expenses, payroll, taxes, and everything else in their business, and what do you think happens when...
Scores of small business owners aren’t on top of their business numbers. If you are looking to grow your business, it’s important to know your numbers and have the information readily accessible. With a clear picture of your business’s financial health, you can...
Eligible employers can now claim a refundable employee retention tax credit against the employer share of Social Security tax equal to 70% of the qualified wages they pay to employees after December 31, 2020, through June 30, 2021. Qualified wages are limited to...
If you are considering buying an existing business, take time to investigate the business thoroughly. Don’t be too eager. Many people feel they should get into the business and then worry about the problems as they develop. An investigation of all the...
One of the smartest tax moves you can make for your service business is hiring your spouse to work as your employee, but there are some pitfalls you must avoid if you don’t want all that tax savings to disappear. You also don’t want the IRS breathing down your neck...
The Payroll Protection Program (PPP Rule) has been a rollercoaster for service business owners. It’s been both useful and frustrating, depending on your experience with the platform and how many questions you had about the program. With the rules constantly changing...
