Claiming the Refundable Employee Retention Tax Credit

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...

The 20 Minute Process to Rapidly Growing Your Service Business

There is a simple process that every service business owner can use to not only amplify the growth of their business but also identify the areas of the business that aren’t pulling their weight. It’s called the Rapid Growth Analysis Script and it’s something you...

Investigate Before Buying a Business

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...

The Four Things You Must Know Before Hiring Your Spouse

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...

Are You Taking Advantage of the Time Value of Money?

If you were offered the choice of being paid $100 today or $100 a year from now, you would probably choose $100 today. After all, even at today’s low-interest rates, your $100 might earn a small return over the next year. This simple example illustrates an...