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Three Layers of Profit

Mark hasn’t been out to the desert lately. He hasn’t had a chance to clear out a Bass Pro Shop in a long time. Heck, Mark has barely been home. He knows it, and his family feels it too. He’s putting in 70 to 80 hour weeks to make his business succeed. It’s like he’s damned if he does, and damned if he doesn’t. Even when…

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3Rs of Bookkeeping

The kids are back in school, and now that the homelife, albeit crazy, has settled into a bit of a routine, you have nothing to do but work on your business, right? Wait, here comes your oldest with what looks like homework. Yep, your daughter needs help with her homework.   That’s okay, helping your daughter works well with what…

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The One Thing Home Service Pros Need to Win.

With so many things to do as a business owner, it is difficult to focus on all aspects of your business. Most of us start our businesses because of our core competencies, others because of a passion, and some for the glory. Maybe you are passionate about helping others, or you are excellent at the…

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13 KPIs in 5 Critical Zones To Superheat your HVAC Finances

Not knowing which way to take your company isn’t a good feeling. But, not having a way to gauge your performance can be even more daunting. If you don’t have a reference point, how can you know which direction you’re heading? To lead your business through growth, and to a more profitable operation, business leaders…

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6 Last-Minute Tax Saving Moves for Home Service Business Owners

Here are specific year end strategies HVAC business owners can take advantage of.  Postpone invoices: Under the cash method of accounting, business owners can wait until the beginning of the year to invoice their customers.  However, you can not wait to cash the check.  If you’ve received payment in 2018, you cannot defer that income to…

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Year-End Tax Planning for Businesses in the New Tax Environment

Year-end tax planning for businesses

The passage of the Tax Cuts and Jobs Act (TCJA) in late 2017 brought significant changes to the tax landscape. As the first tax season under the law looms on the horizon, new year-end tax planning strategies are emerging. Meanwhile, some of the old tried-and-true strategies have changed and others remain viable. Fresh opportunities The…

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Starting Slow With a SIMPLE IRA

SIMPLE IRA

For certain employers, particularly small businesses, introducing a retirement plan for employees may seem like a daunting task. The company owner may feel that providing a full-blown 401(k) plan is his or her only choice, but that’s far from true. There are other options to consider that are relatively easier to administer and usually less…

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Act Now to Cut Your 2018 Taxes

2018 4th Quarter Tax Calendar

The Tax Cuts and Jobs Act (TCJA) created more than 100 new tax provisions — a staggering thought as you begin to prepare for the next filing season. The good news is that these and some of the surviving provisions create a wealth of year-end planning opportunities. Choose the right approach to deductions Many taxpayers…

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