Small businesses make up about 99% of all businesses in the U.S., but only about 35% of those small business owners have a retirement plan in place. Most working Americans can contribute to retirement through an employer sponsored 401k or similar plan. But being self-employed or as a small business owner you are kind of on your own when it comes to setting aside money…
We hear from our clients quite often, “I’m good at making money, but not at keeping it.” This is a great problem to have and not at all uncommon. When you think about it, saving money is the real issue. That probably sounds ridiculous because saving money is easy. Everyone knows how to save money. You just might not be disciplined enough to do it….
Getting into debt is super easy. When starting a business it just adds up overnight. As a business owner you probably have personal and business debt compounding on each other trying to bury you alive. So, to get out of business debt takes a lot more effort than you feel like you have to give. There’s plenty of get out of debt advice out there…
Guest Writer – Chelsea Lamb from Business Pop As a small business owner, you have to wear many hats. When you’re first getting your company off the ground, you’ll likely handle everything from marketing to management, hiring—and financials. For many new entrepreneurs, the financial side of running a business is one of the most daunting tasks they’ll face. Don’t let money matters intimidate you….
Almost all industries have seasonal fluctuations in revenue. The travel industry sees an increase during the summer months. As an accounting firm our busiest season is January-April. The Construction industry and landscapers generally see a major decline in revenue during the winter. So how do you deal with seasonality in business to survive the slow months? Well, that’s the beauty of Profit First! It solves…
You’ve probably felt it at times looking over your financial statements. “Um… I can read the numbers, but are they good or bad? What are they trying to tell me?” Then you’re told by financial experts to perform a deep analysis so you can run projections and create a budget. That’s a whole slew of more numbers and complicated calculations on top of still trying…
Incite Tax & Accounting is a Certified Public Accountant (CPA) firm with offices in Draper, Utah. With over 10 years of experience handling business taxes for large and small Utah companies, Incite Tax is one of the most qualified business CPA firms in all of Utah. No matter your tax needs, Incite Tax is the firm for the job.
Incite Tax believes in sticking it to the IRS. If you’re looking to better your financial situation contact us!
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