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TAX Account – What Now?

By BlogNo Comments

If you follow the profit first system you have set aside money throughout the year into your tax account.   Are You Following The Profit First System?   Ideally, as of AT LEAST tax day at the latest, you have made a payment towards your income tax payment. So, lets just assume you have filed, you know the dollar amount, and you have paid that….

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Bookkeeping – Is it really that important?

By Accounting, Bookkeeping, Business, Cash ManagementNo Comments

What exactly is bookkeeping?   To put it simply and more official sounding, bookkeeping is classifying and recording every business transaction in your books. Your books can be a literal book with pen and paper. Or like most people your books are in a software program like QuickBooks for example. On the surface it seems pretty straight forward, but once you get into classifications along…

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How To Forecast Cash Flow For 90 Days

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Let’s talk about forecasting cash flow   One of the struggles our gym owner friends have is forecasting their cash flow.   When the pandemic happened we created a 13-week cash flow tool which can be really valuable. If you would like a copy of this template we are discussing today, just shoot us a message and we will send it over.   In the…

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Profit First Rhythm Days

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I want to respond to a challenge that was mentioned in my Profit First For Microgyms Facebook Community. The topic – setting aside time to manage cash flow and implement profit first rhythm days.   First of all, I want to call a bit of BS about not having the time.   I don’t think you are struggling with setting aside time, I think you…

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How Do I Pay Myself: Advice For Gym Owners

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We have been surveying all of you and collecting that data and that is the inspiration behind the tips that we share with you. Here’s an interesting one for you today.   Too Many Of Your Are Not Paying Yourself…   I wanted to discuss a particular response that we got recently because honestly, the goal of every microgym owner SHOULD BE to pay themselves….

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Why Your Business Will Benefit from Professional Accounting

By Accounting, BusinessNo Comments

Note – This awesome post is written by a guest blogger, Chelsea Lamb with businesspop.net.   Have you thought about hiring a professional accountant? If you run a small business, outsourcing your accounting is a no-brainer. Investing in professional accounting services from a company like Incite Tax & Accounting will help you save time and money, avoid tax-time stress, keep your employees happy, and more!…

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Interested In Our Services? -This Is What We Do

By Accounting, Blog, Tax Strategy, UncategorizedNo Comments

From the outside, we look like just another tax and accounting firm, but our services are so much more than that… Sure, We Can Definitely File Your Tax Returns! It’s true, we help you file tax returns, both personal and business, but our services expand so much more beyond!   But… What About A Strategy For Your Money? One of the services that we provide…

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Eat Veggies First and Buy Your Dream Home

By Business, Cash Management, Profit FirstNo Comments

As I’m savoring, ever so quickly and with little discipline, a chocolate egg, I’m reminded of the soundness of the diet and financial principle: Eat veggies first.   At the dinner table, by eating your vegetables first, you fill up on the healthy food, leaving you less room to pig out on the bad carbs or desserts. Or chocolate eggs.   So, what are the…

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