How to Create a Cash Cushion for Your Business
Here’s a fact: 2020 has been a tough year and some businesses haven’t made it because they’ve been shut down or their revenue dropped off significantly for weeks or months. The reality is that there are always ebbs and flows in the economy, and you...
The Entrepreneur’s Guide to Financial Statements – The P&L
Successful business owners are able to see the story behind the numbers when they look at their financial statements. I always ask business owners if they review their financial statements, and I often get that deer in headlights look. I know looking at a bunch of...
What Tax Deductions are For, and What They Aren’t
“It’s ok, it’s a tax write-off!” Sometimes business owners don’t fully understand what it means when something is tax deductible, and think that by writing something off on their tax return that somehow justifies the purchase. So, in this...
How to Pay Yourself (and a Few Things to Remember About Taxes), LLC + Sole Proprietor Edition
One of the most frequently asked questions I get from business owners is “how do I pay myself?” What should be a pretty simple concept throws people for a loop because they aren’t sure what’s allowed, what’s taxable, what types of taxes...
