Mix Up Your Revenues for More Profits

by | Mar 25, 2021 | Profitability Tips

Many small business owners focus on generating more revenue every year, and that’s a wonderful goal.  But not all revenue is created equally since some items are more profitable than others.  If you sell more than one product or service in your business, then you may...

Ten Places to Look to Find More Profits

by | Jan 27, 2021 | Profitability Tips

A great way to start 2021 is to take a fresh look at your business finances. Many things changed in 2020, and if you are in the habit of spending on the same items year after year, it’s the perfect time to decide what is essential and what can go. There are only a few...

Deductibility of PPP-Related Expenses

by | Jan 4, 2021 | Profitability Tips

One of the biggest tax issues of 2020 has been clarified with the signing of the Consolidated Appropriations Act, 2021, (CAA 2021), and that was whether expenses that are normally deductible and that were paid with the proceeds of a Paycheck Protection Program (PPP)...

Five Expenses to Cut During Tough Times

by | Jul 30, 2020 | Profitability Tips

If revenue hasn’t come back as fast as you expected it to, it may be time to review your budget and determine if some planned expenses can be cut. Here are five places to look to do just that. 1. Travel Since most events have been moved online or cancelled altogether,...