Profit First is hard work. Here’s why your small business should implement it anyway.
Let’s get this out of the way first – Profit First IS NOT a “set it and forget it” solution. If you’re looking for a hands off solution to your...
How to price parts for auto repair shops
In some ways, pricing for auto repair shops should be easy, right? You have your costs of parts, you have the cost of labor, and you then calculate...
Accounting Tips for Auto Shops
Not only do we have real life experience working in the industry, but we do accounting for a fair number of auto shops, and in that time, we’ve...
It’s time to outsource your payroll, here’s why
You have a lot of faith in your accountant or accounting firm. As you well know, an in-house bookkeeper has a lot on his or her plate — adding...
What you need to know about the Employee Retention Credit in 2022
The Coronovirus Aid, Relief, and Economic Security (CARES) Act contains a business relief provision known as the Employee Retention Credit (ERC), a...
How to use the pass-through entity tax in Wisconsin or Illinois
The Tax Cut and Jobs Act of 2017 had many long-ranging implications, but perhaps none more significant than its effect on itemized deductions and how...
How small businesses can cut costs & improve cash flow in a recession
Is there a recession coming? We don’t know what the future holds, but it’s always important for your small business to be ready for anything – which...
Should your small business buy property?
For most small businesses, it’s the dream to eventually own the building that your business operates out of. After all, historically real estate has...
Creating a foundation for small business growth
Growth is probably one of your goals this year for your small business – and if it isn’t, it should be. That said, not all growth is created equal....
S-corp, Partnership, or C-corp: Which is right for your small business growth?
According to the Bureau of Economic Analysis, S corporations account for 76.8% of corporations with less than 500 employees and 37.3% of corporations...
How to Grow Your Small Business Through Mergers and Acquisitions
As part of our continuing series on how to grow your small business the right way, today we look at mergers and acquisitions. Acquisitions can be a...
Managing your business growth organically
Growth should be a goal of any business. That said, not all growth is created equal. If not done correctly, it can be downright dangerous. One study...