Have you ever looked at your bank account and wondered why, after years in business and a phone that never stops ringing, it still feels like you are starting over every year? If that sounds familiar, you are not alone. After working with hundreds of home service business owners, one pattern keep...

Did you know there are different levels of tax planning? That’s why you may have experienced a tax surprise even though you paid your estimated tax payments.

Here are the main 4 levels of tax planning and how they affect cashflow.

1.  Avoid Penalties

The basic level of tax planning is to calc...

Have you ever reviewed your profit report and celebrated an increase in sales and profitability? You gave everyone a high five and announced year-end bonuses.

A few days later the celebration was over after your bookkeeper asked you to transfer money for payroll.

You wonder what happened…how ar...

Watch this video to learn how income taxes are different for an employee, business entity and owner.

0:27        As an employee, income taxes are withheld for you. So, it is easy to know how much money you have to spend without worrying about surprises at tax time.

1:48        Most business enti...