Do You Pay Taxes When You Take an Income Distribution?
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. ...
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3 Tips to Successful Onboarding With Your Accountant
When it’s time to bring a new accountant onto your team, follow these three guidelines to foster a smooth onboarding process. 1. Monthly Cash Flow ...
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As a Business Owner, How Do I Pay Myself?
The method by which you get money out of your business depends on the type of entity you are registered as with the IRS. Here, ...
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Key Performance Indicators to Increase Profits & Cash Flow
KPIs to Increase Profits & Cash Flow Part 1 Below is an illustration of the ABC Company whose Cost of Goods Sold rose from ...
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7 Tax Strategies Blueprint
When we review a tax return, several factors can be considered to consider potential tax strategies you may be able to utilize and possible strategies ...
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Building Your Accounting Team
For your business’ accounting needs, knowing what services you need and how to set up your operational systems is the foundation of receiving accurate and ...
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Communicating the Numbers to the Owner
Recently in one of our workshops, an internal bookkeeper asked us: “How do I communicate to the owner the importance of these financial numbers? How ...
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Estimated Tax Payments; Do I Need to Make Them, When and How?
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 ...
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Creating a Supportive Environment
Enhancing your culture begins with two key elements: How we each recharge our batteries and the environment we create to support different behavioral styles. All ...
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Do I Need to Make Quarterly Estimated Tax Payments?
This question often arises for new business owners who either know their business is going to be more profitable this year than last or will ...
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