Four Part Growth Strategy for Small Businesses Does this sound familiar? You’re holed up in a tiny, windowless office, working away day and night just to keep your business afloat. New clients come knocking, and your excitement blinds you to the reality of your workload. You’re saying “yes” to more than you can handle. Sure, a business full of paying customers sounds fantastic, but without a solid growth strategy, what happens when ..read more

Budgeting Your Business: The Power of Separate Money Buckets Picture this: a financial system so crisp and organized that you can track every dollar, dodge overdrafts, and keep your business finances in perfect harmony. Welcome to the world of separate money buckets. By creating dedicated accounts for various aspects of your business—like operating expenses, taxes, and savings—you’re setting yourself up for financial clarity and efficiency. But before you get carried away planning your next ..read more

Will Higher Salaries Fix the Accounting Shortage? Will higher salaries fix the accounting shortage? According to the American Institute of CPAs (AICPA), half of accountants are burnt out. Yep, 50%. That's a big chunk of unhappy accountants. But why? Well, turns out when work becomes your life, you don’t just get tired—you get miserable. And nobody wants that. Think about it. You’re juggling endless deadlines, dealing with clients who think you have ..read more

Budgeting Your Business: Are You Ready to Hire? Are You Ready to Hire? Here’s How to Know for Sure So, you’re at that thrilling crossroad where hiring someone could either make your business soar or cause a total meltdown. Whether you’re bringing on your very first employee or considering a key role to take over par of your workload, the question of readiness can be nerve-wracking.  How do you are ready to hire ..read more

Budgeting for Your Business: Paying Yourself First Your First Priority When Budgeting Your Business Let’s dive into something every business owner grapples with: paying yourself. You’ve poured your heart and soul into your business, but when it comes to compensation, it’s easy to feel stuck. How much should you take? When should you take it? The balancing act between paying yourself and ensuring your business has enough to thrive can be daunting ..read more

Budgeting Your Business: Annual and Large Expenses The Secret Weapon Against Sneaky Big Expenses Let’s face it: unexpected expenses are like the IRS —always lurking, ready to strike when you least expect it. But just like you wouldn’t let the IRS take more than they’re owed, you shouldn’t let big expenses derail your business. The Annual and Large Expense Account will be your new best friend in budgeting for large unexpected expenses ..read more

Why Start a 501(c)(3) Non-Profit? A Non-Profit is not Just a Tax Break Starting a non-profit just to save on taxes? Well, that's one way to get on the IRS's naughty list faster than you can say “audit.” You might save some money, but that can’t be your only reason. So, why start a 501(c)(3)? A non-profit needs to have a purpose—something you genuinely believe in and want to support ..read more

Filing Taxes as an Independent Contractor Navigating tax season can be tricky, especially if you’re an independent contractor. Let’s dive into the essentials of filing your taxes when you’re working with a 1099-NEC, 1099-MISC, or any other non-W2 income. Here’s a friendly guide to help you through the process. Understanding Your Role  First off, being an independent contractor means you have a bit more responsibility come tax time. Unlike W2 employees ..read more

What YOU NEED to Know about Tax Planning, Extensions & Debt Let’s dive into tax planning, extensions, and managing tax debt. Whether you’re prepping for tax season or just aiming to get ahead, understanding these key areas can make a big difference! Smart Tax Planning Tax planning is all about strategizing to minimize your tax liability. The first step is understanding your tax bracket. In the U.S., we have seven tax brackets for 2024: 10%, 12 ..read more

Scaling Smarter with Mathew Park In the latest episode of the Insightful Podcast, John sat down with Mathew Park, a renowned expert in the gym business with a history in body building and founder of Trainer Revenue Multiplier (TRM). Mathew’s journey from a small Canadian farm to a leading figure in the fitness industry is both inspiring and educational. Farm to Fitness  Mathew Park’s story is a real testament to ..read more