Does Your Business Cash Flow Have You in Shock?

Are you in âہ“shock” over your business’s cash flow? Are you wondering,âہ“What do I do with too much cash?” or âہ“How do I make MORE money?” Experienced professional accountants can help you overcome the shock! In a medical situation, treating for shock includes the lifesaving steps of providing food, rest and encouraging words.In business,shock treatment includes analyzing gross profit margins. You must …

Protect Your Wounded Cash Flow

Once you have the “tax bleeding“  under control, take action and protect the wound. “Protecting the wound” in business involves looking at the cash balance in your company’s checking account. Cash is the lifeblood of a company!  Just as the human body requires a certain amount of blood for proper functioning, your business needs a certain amount of cash to …

Does Your Business Cash Flow Need a Tourniquet?

Ok, you’ve stopped the bleeding from high overhead cost. So why are you still hemorrhaging cash? It could be due to TAXES.  The typical business pays most of these taxes: Income Tax (highest rate of 39%) State Income Tax FICA, or self-employment, taxes (highest 15.3%) Property Tax (about .1% of assessed value) Unemployment Tax (6.2%) Sales Tax (about 9% in LA) …

Call the Medics! My Business is Bleeding!

Overhead and taxes are necessary evils. Many business owners fail to plan for them. Without a written budget or a commitment to stick to a budget, the cash flow bleeding begins. After the Sales Analysis, the second most overlooked part of running a business is controlling cash flow. As a marine, I was taught how to Stop the Bleeding when …

The Most Costly Income Tax Mistake Anyone Can Make

The Gettysburg address is 269 words. The Declaration of Independence is 1,337 words. The Holy Bible is 773,000 words. However, the tax code has grown from 11,400 words in 1913, to over 7 million words today. – Author Unknown  Ã‚ Ãƒâ€š Ãƒâ€š Ãƒâ€š  Today Person CPA Group will let you in on the biggest mistake we see taxpayers make, failing to do tax …

A look back at the debt ceiling crisis

By now most people know the debt ceiling crisis has, at least for the time being, has been handled sufficiently to avoid any worsening of the economy. The generally negative tone we hear on the daily news as terms like recession, depression, default, and credit rating downgrades can make people pessimistic about the future. All of this is understandable but we wonder …

Louisiana Sales Tax Holiday 2011

August 5th and 6th, 2011 Louisiana has a sales tax holiday on qualified purchases.  The first $2,500 of items is exempt from the Louisiana postion (4%) of sales tax.  Make those back to school purchases now instead of next week to save some $$. Sales Tax Flyers http://revenue.louisiana.gov/forms/lawspolicies/SalesTaxHolidayPoster(2011)V1.pdf

Making money- How much is it going to cost in 2011 taxes?

We have good news and bad news about taxes for 2011. The bad news is you still have to pay tax on your income, but the good news is the tax rates will remain basically the same as 2010. There was a chance of higher rates due to the expiration of the package of tax cuts from 2001. Those cuts …