Tax Planning Section 179 Expense Section 179 allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the full purchase price. Section 179 is more beneficial to small […]
Tax Planning: Section 179 Expense Read More »
Budgeting: A Financial Road Map to making Smarter Business Decisions Understanding and pro-actively managing your business finances is more important now than ever. Two of the best practices positively influencing your situation and focusing on what you can control instead of can’t control are: A Game plan: A set of goals and strategic priorities to
Budgeting: A Financial Road Map to Making Smarter Business Decisions Read More »
In our previous session, we talked about implementing a budget and putting together a strategic plan. From there, it is all about executing that plan and turning your plan and numbers into results. Turning “What If” into Results The key to turning “What If” scenarios with your numbers into results is being able to
Executing a Numbers Based Strategy Read More »
The benefit of being an S Corporation is it reduces your Self Employment Tax. The Self Employment Tax is the 15.3% that you as a business owner payoff the profits of your business.
The Value of Being an S Corporation Read More »
All business owners face an interesting challenge: how to take profits out of the company and pay the least amount of taxes in the process. If you have an S corporation, there are basically two ways you can get money out of the company: by paying yourself a reasonable salary and by paying yourself distributions.
Do You Pay Taxes When You Take an Income Distribution? Read More »
KPIs to Increase Profits & Cash Flow Part 1 Below is an illustration of the ABC Company whose Cost of Goods Sold rose from $6 a unit to $8 a unit as it expanded its production from 1 Unit to 2 Units. A 33% increase (2/6) took its COGS from 60% of sales to
Key Performance Indicators to Increase Profits & Cash Flow Read More »
Estimated Tax Payments; Do I Need to Make Them, When and How? The Perfect Storm Business owners that are not aware of the estimated tax payment requirements can find themselves in a deep hole at tax time. Here’s a “the perfect storm” scenario: April 15th is the due date for the balance of the prior
Estimated Tax Payments; Do I Need to Make Them, When and How? Read More »
There is a language to taxes, and unfortunately, only accountants have been primarily taught that language. Often a business owner wants to know what they don’t know when it comes to keeping more of what they make. After all, it’s not how much you make, but how much you keep. Making sure you’re reducing your
Tax Strategies for Tax Efficiency, Reducing Your Income, and Minimizing Your Taxes Read More »
Waukesha/Brookfield Campus
20670 Watertown Rd, Waukesha, WI 53186
262-796-1040
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