by Eric Johnson | Apr 27, 2021 | Profit First, Taxes
Projecting your tax liability can be very tricky. First, the tax law is constantly changing, which can cause your tax liability to change, even if all other factors remain the same. Also, the final tax bill that business owners receive often includes income from...
by Shannon Simmons | Apr 20, 2021 | Profit First
Do you need help managing your growing business? Or are you just tired of staring at QuickBooks? Regardless of your motivation, finding a bookkeeper is a significant first step toward freeing up your time and streamlining your financials. But finding the perfect...
by Shannon Simmons | Apr 13, 2021 | Income, Profit First
As I write this, the latest round of COVID-19 related stimulus checks are starting to hit bank accounts. People and businesses are hurting, and some relief is welcome. My purpose here is not to debate the merits, the methods, or the size and scope of the bill that...
by Shannon Simmons | Apr 6, 2021 | Owners Pay, Profit First
You did it. You put profit first in your business. You’ve been able to pay yourself and successfully grow your business. Your sales are increasing, but so are your expenses. But how do you know when the time is right to adjust your owner’s pay percentage? The...
by Shannon Simmons | Mar 30, 2021 | Profit First
If you’re like most people, you have a healthy dose of procrastination in you. You have a project you need to finish, maybe something you don’t want to do, and you put off getting it done until the very last minute. Let’s say it’s your taxes. Maybe you’re not as...
by Eric Johnson | Feb 23, 2021 | Income, Profit First
I started my business as a tax preparer before I started serving as a Profit First Professional. One of the major issues of my business was the uneven revenue throughout the year. From January to April, revenues were strong, so I paid myself a lot–and...
