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Tax Savings Tips for Realtors (Part 1) Realtors often have unique financial situations due to the nature of their work, which can include fluctuating income, numerous business expenses, and self-employment taxes. Here are some tailored tax-saving tips for realtors to help them keep more of their hard-earned money: 1. Maximize... Read more

How to Achieve Your Retirement Goals Planning for retirement can seem daunting, but with the right budgeting strategy, you can ensure a comfortable and financially secure future. One effective method to consider is the 70-10-10-10 rule, popularized by personal development legend Jim Rohn. This rule offers a simple yet powerful... Read more

If you’re self-employed or own your own business with or without employees, you might want to look into opening a Simplified Employee Pension Individual Retirement Account (SEP IRA) or a Savings Incentive Match Plan (SIMPLE). These tax-advantaged retirement plans can save you big! For starters, both allow you to contribute pre-tax dollars,... Read more

For business owners, Tax Day isn’t just a deadline. Quite the opposite, it’s an opportunity to reflect on financial health and plan for the future. That said, now that Tax Day has passed, let’s shift gears and focus on saving money/maximizing profits for the rest of the year. (Saving on... Read more

Property tax is a tax on real estate and sometimes other property which you own. Local governments typically assess property tax. The amount of property tax you owe is largely based on where the property is and how much it is worth. Calculating your property tax Property tax is typically determined... Read more

In case you weren’t aware, this year’s tax filing deadline is rapidly approaching. You have until April 17 to submit your 2017 return. If you’ve been procrastinating, it’s time to get moving. Here are some tips to help from experienced pros: 1. Decide whether you’ll be itemizing Though itemizing on a tax... Read more

Sometimes getting an invoice paid is more challenging than the work you just completed. After all, it’s not exactly easy to track down late payments. But, what if there was a way for you to receive payments on-time more frequently? This can be accomplished if you stick to invoicing etiquette. With invoicing etiquette,... Read more

Most construction businesses will use two different tax-accounting methods: one for their long-term contracts and one generally for everything else. A long-term contract is any contract that is still going on  in the same year it’s started. Cash method of accounting One method that some construction contractors can use for... Read more

Taxes are hard and stressful enough to do without making avoidable errors. Before clients file, they should double check to make sure they don’t make the following tax errors. We often hand out this checklist to clients to avoid mistakes in advance. Not signing the return (if you file paper... Read more

Sometimes the most valuable advice comes from fellow small business entrepreneurs, not the CEO of a Fortune 500 company. Behind every business is a person, and behind every person is a story. That’s why we asked entrepreneurs to give their advice about the importance of serving their customers, their communities,... Read more

Can you remember back when you first started your business? You were so excited about your business and the success it would achieve. Remember? And you got butterflies in your stomach when you were working out business plans? But then something changed. Maybe it didn’t go the way you planned.... Read more

Sarah and Tim own an independent home entertainment retailer, selling televisions, music systems, phones, computers, games and consoles as well as other consumer electronics. Having completed their year-end accounts and tax work, they were looking for increased sales. Their CPA presented the couple with a three-year business performance review, which... Read more

Dream of A Designer Janet started her interior design business three years ago with a promising vision. The designer planned to work three days a week and help families achieve the home of their dreams by offering her creativity. As happens often with small business owners, the reality didn’t quite... Read more

Entrepreneurs and small business owners who follow the 3 tips below often enjoy success regardless of what business challenges are thrown at them. Those business owners who embrace these principles thrive during major economic downturns. And although these 3 tips may seem counter-intuitive at first sight, try them out and... Read more

Even with all their deep pockets, large corporations still have problems improving their local marketing. You may not realize it, but you have many advantages when it comes to growing your reach among members of your community. Some of the best ways to do that are through online local marketing. Here... Read more

“Show Me The Money!” Every business owner at one time or another has had this phrase or a version of it pass through their mind when brainstorming ways to find small business success. If you’re one of them, check off your business against these six critically important questions: Do you... Read more

Running a business without a strong business plan is like rock climbing blindfolded. Your chances of making it successfully to the top are slim. And the climb up will definitely be risky. Contrary to popular belief and practice, a business plan is not only a means to securing financing. Instead... Read more

Sometimes, having a great idea or product is not enough to get customers in the door. But small business promotion doesn’t have to be a costly endeavor. There are a number of effective and free ways to get people excited about what you have to offer. Here are five great... Read more

Small business owners want to know how to increase their small business earnings. The good news is there are many ways to make more money. This includes managing every aspect of your practice and striving for productivity growth.      Here is a checklist with 34 ways you can make more... Read more

Dentist’s revenue jumps with one simple process change. Janice started a dental surgery practice three years ago. She had grown the business from nothing, reaching breakeven quickly through word of mouth and then moving into profitability. However, she also felt there was so much more potential to grow. When her... Read more

It is only to be expected that business owners make financial mistakes which can jeopardize their dreams. Here are four of the most common small business mistakes and how business owners can avoid them. Failing to plan Few small businesses have a working budget and cash flow forecast which is... Read more

Working at home affords you loads of freedom, but it also presents a different set of challenges that could stand in the way of productivity. Want to stay focused while working at home? These are helpful strategies that keep you on the ball while enjoying the comforts of home. Find... Read more

After tax craziness subsides, spring is an ideal time to take a look at your money management. Here are some post-tax season money tips to help you get your finances in check before summer: 1. Run Your Credit Report Your credit score can impact everything from your mortgage rate to your... Read more

Besides being a time for reassessing personal finances, after tax season is a good time for small businesses to de-clutter business expenses and polish up business plans. Here are some tips for small businesses to perform a little “spring cleaning” of their own: 1. De-cluttering expenses: Now it’s smart to... Read more