13 KPIs in 5 Critical Zones To Superheat your HVAC Finances

Financial Review

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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“I Make Small Businesses Successful”

Hey…, that’s how my Twitter buddy, David Leary (@davidleary),titled the article he posted here.  I thought to myself, boy, that takes a lot of bravado, some might even say arrogance. Of course, he later admits that he doesn’t, and instead recognizes a greater presence, the power of the ecosystem that is helping small business owners…

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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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5 Indicators of Business Tax Identity Theft

Business Thief

Businesses aren’t immune to tax identity theft Tax identity theft may seem like a problem only for individual taxpayers. But, according to the IRS, increasingly businesses are also becoming victims. And identity thieves have become more sophisticated, knowing filing practices, the tax code and the best ways to get valuable data. How it works In…

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One Way to Save Tax With Your Vacation Home

Mixed Use Rental

You might save tax if your vacation home qualifies as a rental property Do you own a vacation home? If you both rent it out and use it personally, you might save tax by taking steps to ensure it qualifies as a rental property this year. Vacation home expenses that qualify as rental property expenses…

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Estimated Tax Payments

Entrepreneurs, sole-proprietors, shareholders of S corporations, partners in partnerships, and members of LLCs, as well as certain employees with wages may need to make quarterly estimated tax payments to avoid paying interest and penalties.  If it stands that you will owe more than $1,000 when you file your individual income tax return, then to avoid…

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