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What the IRS Doesn’t Want You to Know

By Accounting, IRS, TaxesNo Comments

Everyone’s favorite subject… the IRS!   Maybe a slight exaggeration, but everyone has to deal with them one way or another. The only interaction you might have with them is giving them your money when required. Sometimes more money than is required because you don’t know what you don’t know. Or it might be a more uncomfortable personal interaction through, say, an auditor. The IRS…

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How to Implement Profit First [Meeting #4]

By Bookkeeping, Cash Management, Profit FirstNo Comments

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…

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Your Customer Experience

By Blog, Profit FirstNo Comments

Vacation Recently, I took my family on a trip. We were trying to get a vacation in before the school year started. We all had a decent enough time on the trip, and I’m glad we went. Having said that, I would never go to that resort again. There was a strange smell due to a broken fridge that a previous vacationer had left rotten…

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I Sold The Gym!

By Blog, Profit FirstNo Comments

Time For Transparency Incite Tax Blog is built on one basic principle: Profit Is A Choice. This is something we believe down to our bones. We work hard to help you learn how your choices can improve your profits. The unfortunate side of that is when one of our businesses is not profitable, we can also see the choices we made that have made it…

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How to Implement Profit First [Meeting #3]

By Bookkeeping, Cash Management, Profit FirstNo Comments

You’re halfway there. We’ve helped many clients successfully implement Profit First and it’s exciting that you have decided to join the elite, cash saving small businesses. By now you should have all your bank accounts set up and your books cleaned up and organized. The system works best when you go in order. That way you avoid extra work.   Read the first two blogs…

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You Might Have A Values Problem

By Blog, Profit FirstNo Comments

What Are Your Values? What are your values? Knowing your values is an important part of being a person, but it’s also an important part of running a business. Has your microgym ever dealt with a client who just simply won’t follow through on the work? You could hire the best coaches on the planet, and you still won’t get that person into shape. The…

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Raising Prices to Keep Up With Inflation

By Blog, Profit FirstNo Comments

Crisis Mode Wasn’t 2020 a long year? It was a long year for us as individuals, first and foremost. But it was also a long year for governments. I know, I know, no one wants to talk about politics right now. We all have our various opinions on the competence or incompetence shown by governments around the world during this unprecedented crisis. I’m not here…

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Do you trust your accountant to help you grow financially?

By Accounting, Bookkeeping, Cash Management, Profit First, Tax StrategyNo Comments

At Incite we firmly believe small businesses are the heart of the economy. Almost half of all employed people in the U.S. would be out of a job if all small businesses closed down, according to the SBA. That also means significantly less money being circulated, which would be devastating to the economy. That’s why you deserve to grow financially and the financial freedom that…

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Profit First Management Works Because…

By Blog, Profit FirstNo Comments

Victim of Success.  Does anything feel better than a big balance in your business’s bank account? It’s not just excitement or happiness. It’s peaceful. It’s knowing that, for the moment, you don’t have to worry about money. You can try something new. Take a risk. Pay off debt. Grow a little bit. But the problem is, our brains react that way whenever we see a…

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Small Business Bookkeeping [Why a Professional Matters]

By Accounting, Bookkeeping, ValueNo Comments

Small businesses like yours are the heart of the economy. Bookkeeping is the foundation of all your financial activities. So it stands to reason that small business bookkeeping is critical to the health of the economy.   So, if it’s not already apparent… I cannot stress enough the importance of bookkeeping. ACCURATE and CONSISTENT bookkeeping.   Your books contain the data you need to make…

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