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Managing Quarterly Profits and Taxes

Managing Quarterly Profits and Taxes

by Shannon Simmons | Jul 4, 2023 | Owners Pay, Profit, Profit First

If you’re a Profit First business, you get to take profit distributions four times a year. It’s exciting to see the fruits of your efforts and be able to boost your income as the business owner. It’s honestly the best thing about Profit First, that you’re not limited...
Take Action With Quarterly Profit Distributions

Take Action With Quarterly Profit Distributions

by Shannon Simmons | Mar 28, 2023 | Profit, Profit First

Our favorite time of year happens four times: at the end of each quarter. If you’re following Profit First, this is when you, as the business owner, get to take half of what’s built up in your profit account as a distribution (a bonus, if you will) to yourself. That’s...
Three Tasks to Include in Your Quarterly Financial Routine

Three Tasks to Include in Your Quarterly Financial Routine

by Shannon Simmons | Mar 21, 2023 | Owners Pay, Profit First

Three months can fly by—especially in your business. It’s that time again for your Quarterly Financial Routine. You do have a quarterly financial routine, right? If you do, awesome! If you don’t, you’re in luck. We’ve compiled our top three tasks that should be a part...
When Your Profit Distribution “Isn’t Enough”

When Your Profit Distribution “Isn’t Enough”

by Shannon Simmons | Sep 6, 2022 | Owners Pay, Profit

One of the best things about using the Profit First system is profit distribution time. Being the owner of the company, you get to take a profit once a quarter and use it as you wish. But sometimes, we hear from clients that they’re not making enough profit, or that...

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