If you’re sick of being stuck paying a lot in taxes and are looking for some strategies to keep more money, then review these top 5 huge tax saving strategies and take action right now. Paying attention to these as a business owner will not only make you a lot of money right now, but it will also grow your bank account perpetually, remove…
Today we are sitting down with one of my favorite people, Chris Cooper from Two-Brain Business. He is one of the best minds in the business! Since creating the Two-Brains system 2 years ago, they have been just cranking out the content! They provide such incredible and much needed support to the small gym owner industry and I wanted to sit down with Chris…
Here’s a story about two microgyms we work with. We’ll call the first one Multigym LLC. Multigym LLC is in a major U.S. city. At the time of writing, the two owners had four locations earning more than $1 million in revenue. The second gym we’ll call Singlegym LLC. Singlegym LLC is in a small market. It has one location and…
Received the PPP loan? You’re definitely going to want to watch the video that goes along with today’s blog for a more thorough explanation. This video goes about walking you through how to fill out your own PPP Loan Forgiveness application. Starting from the top of the application, here is a brief overview of the process: At the top of the application you…
Mindset Change “Accounting is a necessary evil.” Geez! That sounds like a prison sentence where you are stuck having to do something even though you hate it. We can never get excited about something if we think it’s evil. Accounting is necessary. Not evil. When it’s approached properly… Your accounting efforts will produce financial statements that give you insights into your cash flow. It…
Today, I am honored to sit down with the incredible Jake Thompson, a motivational speaker who teaches teams to build grit, accountability, and to compete every day! You can get more info on Jake and his message on his website or in his book Compete Every Day! I personally read this book and loved the message which is why I asked Jake to do…
Today, we are excited to have a conversation with some folks from Wodify. What’s Wodify? It’s an amazing company that I am sure many of you have heard of. If not, I am very happy to be the one introducing them to you! One of the things we look at when we’re helping gym owners stay in business and reach profitability is how…
It is the time of year where you are asking yourself, what can you do in the next 2 and a half months to save thousands of dollars? This may seem like a long shot gimmick, but the reality is there are actually things you can start doing today to set you up for next year. It is called year end tax planning! …
Noble… and Profitable You can pursue your noble purpose and at the same time pursue being profitable. Being a microgym owner is not about either being lucrative and making money or changing lives and people. It’s about both! You deserve to fulfill your noble purpose, and, at the same time, you deserve to be rewarded with a profit. In fact, from a…
Ever wondered how Incite Tax got started? In my life I have had 2 very impactful events that led me to Incite Tax is and what we are doing. The first event was when I was working for a big accounting firm where I was just an entry level, kind of expendable employee.They talked about how I was going to be rewarded, get promotions, and…
So if hard work and “just 10 more members” won’t save your gym, what will? Hard work has always been the answer to increased profits, right? Let’s look into that. What is profit? Profit is what is left over after you receive cash for the services you offer and then send out cash for your expenses. Without cash left over, without profit, you…
Members are begging you to be profitable because they are a part of your noble dream. We are a group of individuals who have the audacious belief that our services truly change lives. When our members get more fit we often can confidently say our services are adding time to their existence on Earth. We know that journey is hard, which is why…
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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