by Shannon Simmons | Jan 16, 2024 | Taxes
The 2023 calendar year is officially over, which means that tax season is upon us. (Happy New Year, right?) It’s time to start your taxes in order so you don’t have to ask for an extension on your taxes. If you’ve been following along recently, you’ll know that...
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...
by Shannon Simmons | Apr 4, 2023 | Profit First, Taxes
If you’re like many business owners, taxes aren’t on your list of favorite things to do. You have to close your books from the previous year, send 1099s, gather all your tax information, and then stare down the calendar wondering when you’ll have time to do your...
by Shannon Simmons | Jun 7, 2022 | Taxes
You know tax time will come every year, but for some it comes four times a year. That’s right…quarterly taxes are due four times a year for those who expect to owe $1,000 or more at tax time. The trick is determining your tax liability, which can be tricky when done...
by Eric Johnson | Oct 12, 2021 | Profit First, Taxes
While income tax filings have an annual deadline, the management of your taxes is ongoing, especially as business owners. The key to managing your taxes is Proactive Tax Planning. This can mean many things to business owners, depending on the size and complexity...
