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) …
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 Person CPA Group 5 Point Profitability Checkup The following items are reviewed on a regular basis to pin point ways to help you make more money.  Taxable Income Analysis The first part of the profitability checkup is a review of year to date taxable income. Taxable income is then compared to projections and a determination is made regarding …
