Numbers and Tech

The Profit First method is a new approach to cash flow management that’s helping entrepreneurs ensure they make a profit and are paid. As intuitive as that might sound, entrepreneurs are typically terrible at paying themselves fairly or promptly. It doesn’t have to be this way.

Your Cost of Goods of Sold can tell you a lot about the overall health of your small business. 

You can either get stressed out about taxes and let them consume you every year, or you can be proactive and get this facet of your life under control and humming along evenly. Which will it be for you? 

Tracking miles for taxes is easy to get right or wrong. Getting it right is crucial since mileage deductions are a sizable tax write-off for most self-employed taxpayers.  

As an entrepreneur if you work from home you get a break on your taxes. The IRS offers two ways to claim the home office deduction on your annual income tax return -- the simplified method, and the regular expenses method. We will go through each method so you know how to calculate both.