Supply chain issues aren't always bad for auto repair shops
Why auto repair shops often benefit from uncertainty in the supply chain — and how to make sure your shop is one of them. Supply chain issues have...
What a recession might mean for your restaurant
A recession is bad for all businesses but can be especially rough on restaurants. Margins are already tight, and staffing issues can often compound...
How to read your financial statements as a small business owner
It’s easy to want to skip to the "bottom line" of your financial statements, but like any great story, you’ll need context for the ending to make...
How to Recession-Proof Your Business
We’ve got an overheated economy and a bear market. IF we reach a recession this year, is your business ready? No one wants a recession, especially...
How to Organize Your Auto Repair Shop Income Statement
Out of all of the important components of accounting that your auto repair shop needs to thrive in today's market, an income statement is among the...
Improve Your Tire Store Profit Margin With These Simple Steps
If you're not sure why your tire store profit margin matters, let us break it down for you: What is it? In the simplest terms, your profit margin...
Cook County Minimum Wage is on the Rise July 1
Effective July 1, 2022, the minimum wage in Cook County will increase for tipped employees and non-tipped employees that work for any employer...
Must-Have Features in an Accounting Software for Auto Shops
Accounting software for auto shops isn't just nice to have, it's a must-have. However, without adequate accounting knowledge, even the best software...
Why Shop Owners Are Outsourcing Their Automotive Payroll
In the past, auto shop owners had to create their own payroll and accounting processes from scratch. Without an established framework for handling...
7 Auto Repair Shop Tax Deductions to Save Money
Did you know that most businesses lose out on a significant amount of money each year by neglecting to take advantage of tax deductions? In fact, you...
Are You Making These Costly Auto Shop Accounting Mistakes?
Simple accounting mistakes can impact your auto shop more than you realize. Rather than having additional funds at the ready to allocate towards...
Augusta Rule: How to Master this Tax Loophole
The Masters Tournament, held in Augusta, Georgia, is one of the most prestigious PGA golf tournaments. It’s so widely attended that people will rent...