A deduction is anything you spend or incur in your business that is an expense of some sort. It’s a deduction against the revenue of your business, whether it’s a cost of goods, an expense, or even a home office deduction.
Top 50 Tax Deductions in 2021
A deduction is anything you spend or incur in your business that is an expense of some sort. It’s a deduction against the revenue of your business, whether it’s a cost of goods, an expense, or even a home office deduction.
Top 12 Questions When Hiring An Accountant
Year-end is the perfect time to decide if you’re with the right accounting partner. Here are the top 12 questions you should consider asking when it’s time to hire an accountant, tax preparer, or accounting team for your business.
Inventory & Operational Expectations in 2021
There are a lot of moving parts to inventory, making it a big deal especially in the world of e-commerce.
If you don’t have inventory, you don’t have sales. You have to keep your eyes on your inventory levels so you don’t run out of it and in order to maximize sales.
Why You Need to Celebrate Y21Q02 Profit Distributions
In your business, what do you usually do by the end of each quarter?If you answered anything other than profit distribution, then now is the time to start considering it – seriously!
Preparing for Year-End 2020 Payroll Early
When it comes to year-end payroll, it’s better to be early than late. And your payroll processor wants you to do this early as well.
Prime Year-End Tax Planning Happens When Q3 Ends
Whether you’re in the middle of 2020, or in the middle of 2021, the end of Q3 is a special time for you to get your financial foundations in place.
Your Best Work Happens When The Books Are Done
Many business owners are continually running on all cylinders in their business and they don’t understand what a good set of books could do for them. That’s why people need to have a clear vision of their business finances so they can reap the “play” benefits of owning a business.
The Power of Partnerships and the Hard Questions that Need to Be Asked
As a business owner, there are hard questions you may need to ask yourself, but the problem is you may not know what those important questions are. And this is where the power of partnership comes in.
How Profit First Can Naturally Leverage Your Behavior With Money
There’s an energy that starts to happen when you’re telling money what to do instead of money deciding what it’s going to do for you. It’s all about mindset. And Profit First will practically usher you into this new mindset of having control over your money and not the other way around.