Life is busy enough and being the owner of a business adds another layer of stress on top of it. And now being tax season, you’ve got a year of financials to catch up on just to file your taxes and then somehow come up with the huge chunk of cash to pay it. If you’ll follow the guidance bellow, you will have enough cash…
Do you own a successful business, but somehow find yourself living paycheck to paycheck? You likely started your business in part to not be in that position. It’s stressful getting your modest paycheck, spending most of it on bills within a few days and then living off a few hundred bucks, if you’re lucky, for the next three weeks. Success then becomes not getting…
One of the 4 core principles of the Profit First cash flow management system is called smaller plates. Those smaller plates are multiple bank accounts all for your one business. The Profit First accounts are for things like owner’s pay, profit, operating expenses, etc. The idea is it keeps you from overspending on things and gives you a way to save for certain things as…
In the spirit of the season, I was thinking about all the things I’m grateful for. Of course my family, friends, and health are at the top of the list, but something else… I’m extremely grateful for Profit First. Poor cash flow management can be a source of extreme frustration and stress. When I first started Incite, I was always worried about money. …
Now that we just saved you a ton of money on your taxes, have you thought about what you’re going to do with all that saved cash? If you’re anything like me, planning your next vacation sounds a lot more fun than thinking about retirement. But before you set sail for the Bahamas, consider a few ways you could use that money for your…
You’ve made it to the last implementation meeting. You’ve almost learned how to start Profit First for yourself. There’s one final big step to complete before going off on your own. You need to actually do allocations and put what you have learned into practice. If you were meeting with one of our professionals, the fourth meeting would be them observing you going through your…
Incite Tax & Accounting is a Certified Public Accountant (CPA)firm with offices in Sandy, 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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