How To Understand the True Costs of Labor and Plug Your Profit Leaks

You may be making this mistake right now.  I see it all the time.  Tons of service business owners think they’ve got a handle on their overhead numbers and are bidding on jobs appropriately, but more often than not, those business owners aren’t taking into...

Highlights of the American Rescue Plan Act

Signed into law on March 11, 2021, the American Rescue Plan Act (ARPA) contains several tax provisions affecting individuals and families. Let’s take a look: Economic Impact Payments (EIP3). A third round of economic impact payments (EIP3) will be sent to...

Economic Impact Payments: Round Three

On March 12, following the American Rescue Plan Act’s approval and signing, the IRS began sending out the third round of Economic Impact Payments. Most payments were sent out via direct deposit, but approximately 150,000 checks were mailed by the Treasury...

What Story Do Your Numbers Tell?

Understanding financial numbers is a skill.  It takes time and effort to get comfortable with working with these numbers and making sure everything is accounted for, but it’s vital to the long-term success of your service business. The good news is that...

How To Put Profit In The Driver’s Seat of Your Service Business

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...

Show Me The Money! Understanding Your Financial Numbers

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...