Business Growth Archives - JMV Financial Services

6 Ways an S Corp Can Protect Your Business

by Jillian
Posted on August 30, 2017
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

As a business owner, you may have heard the buzz about how using an S corp can save you money on your taxes, but are you confused about what an S corp is or how it can help? An S corp, short for S corporation, is a special type of corporation that allows profits, and[...]

by Jillian
Posted on August 9, 2017
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

Well, you did it! Whether you’d dreamed about it for years or just got inspired to do it and took the risk, you went for it and started your own business. What may have started out holding only one fancy “boss’s cap,” you now see many more hats on the rack than you ever thought[...]

by Jillian
Posted on July 26, 2017
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

Managing money is one of the leading causes of stress for the majority of people today. It’s actually been a pressure point for families and individuals for generations, but it doesn’t have to be. There’s no time like the present to flip the financial script and create a new mindset around spending and saving. Here[...]

by Jillian
Posted on November 9, 2016
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

“Buy low. Sell high.” That’s the stock market motto. But what are you supposed to do in between the buying and the selling? Since there’s no motto for the best way to handle the ups and downs of your investments, let’s take a look at a few ways you can hang on to your long-term[...]

by Jillian
Posted on August 17, 2015
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

One of the first decisions you face as a new business owner is whether or not to incorporate the business. The biggest advantage of incorporating is limitation of your liability. Your responsibility for debts and other liabilities incurred by a corporation is generally limited to the assets of the business. Your personal assets are not usually at risk, although there[...]

by Jillian
Posted on June 10, 2015
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

There are many ways to make your business more profitable, and sound credit policies are high on the list. The current slowdown in the economy is a good reason to reexamine your company’s policies. Keep the following items in mind as you review your policies. 1. Don’t be so eager to sign on new customers that you[...]

by Jillian
Posted on April 21, 2015
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

Many small business owners pay too little attention to their financial statements. This is due in part to not understanding just what the statements have to offer. In fact, many may not be able to tell you the difference between a Balance Sheet and an Income Statement. Think of them this way: The Balance Sheet is like a[...]

by Jillian
Posted on February 4, 2015
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

Whew! The rush is over once your personal income tax return is done for another year – or so you thought…right up until the moment you discover information you forgot to include. Now what? The action you take depends on the type of information you forgot. For instance, say you reported all your income on[...]

by Jillian
Posted on February 4, 2015
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

Question: My business has not been growing but it seems as though I add more people and equipment without increasing my net profit. What am I doing wrong? Answer: Let’s see what happens in a typical company as the business grows. Suppose that a company is netting $50,000 on total sales of $1,000,000 (a 5%[...]

by Jillian
Posted on February 3, 2015
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in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

As the year draws to a close, you may decide to donate cash or property to one or more worthy causes. Besides the satisfaction of helping others, there’s another reward for your generosity. A tax deduction on your 2014 return But the IRS recommends that you keep the following points in mind: 1. You may[...]

Business Growth

6 Ways an S Corp Can Protect Your Business

3 Steps to a Balanced — and Profitable — Entrepreneur’s Life

5 Steps to Smart Financial Decisions

3 Ways to Protect Your Investments in a Falling Stock Market

How to Know if You Should You Incorporate Your Business or Not

5 Tips to Reviewing Your Business’s Credit Policies for Greater Profitability

Does Your Business Make Use of Your Financial Statements?

Oops! You forgot something on your tax return. Now what?

Will business growth bring more profits?

9 IRS Rules for Charitable Deductions

Get Started Today Download the 5 Core Chapters of the Book Profit First

Avoid the Top 10 Bookkeeping Mistakes

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