The decisions that you make as a business owner will decide the fate of your business, family, and overall life. Everything that you do in your business should be planned and measured. There are tons of different KPI’s, financial ratios, and benchmarks we can use to diagnose and assess your business to drive key financial […]

Cryptocurrency have been growing in popularity over the past 10 years, with the last 5 years gaining momentum into more mainstream communities. As cryptocurrencies continue to change the way we do business, it’s time to start considering accepting them at your store. We have notably seen many major brands begin to accept cryptocurrency including Expedia, […]

The tax law favors business owners. As you continue to grow your business you continue to further reduce your taxes. This is only true if you have a properly designed and implemented tax plan. There are many who miss the opportunity to take advantage of the tax benefits the government has in place. These tax […]

One of the most important steps in maintaining a tax strategy is protecting your bottom-line. This means implementing and maintaining a system that provides proper documentation to ensure the accuracy of the information you provide your CPA for tax reporting. This will enable you to protect your tax savings and avoid unnecessary penalties and interest. […]

In the early stages for investors and businesses cash flow is often one of the more challenging aspects to manage as you are building your reputation and pipeline. As a result, investing in a properly designed and implemented tax plan often gets deferred to the future. The problem is that all too often this temporary […]

All too often I hear from prospective clients that their CPA doesn’t seem to have enough time for them. Or that they had to pull tax planning strategies out of them rather than being advised on their specific circumstances. If that is the case contact our team today. We are proactive when working with clients […]

When it comes to audit risk, there are two factors to consider: There’s the risk of being audited  If you are audited, there’s the risk that adjustments will be made resulting in increased taxes, plus penalties and interest Proper tax planning and tax return preparation can provide you with tremendous control over this factor. When […]

The decisions that you make as a business owner will decide the fate of your business, family, and overall life. Everything that you do in your business should be planned and measured. There are tons of different KPI’s, financial ratios, and benchmarks we can use to diagnose and assess your business to drive key financial […]

When you are a business owner you are solely responsible for your financial future. Without having a strong accounting system AND financial system implemented in your business you are destined for failure. This means that you have to have a strong accounting foundation. But also, key financial data and key performance indicators that allow you […]

Gross profit margin is a key metric for eCommerce business owners to manage. Gross margin is a two-part equation. To improve gross margins for your e-commerce store, you can either increase your revenue per product or decrease the cost of each sale. To increase revenue, you have to find opportunities to increase prices or average […]

Gross profit margin is a key metric for eCommerce business owners to manage. Do you know your gross profit margin per product, sales channel and customer? This can make or break your business. Unfortunately, I know most of you will not have these key KPI’s integrated into your accounting and financial system. Gross profit margin […]

One consistent trend that I see is that business owners do not focus on their accounting function until it is too late. It is unbelievable how many serious business owners do not consistently and frequently review their financials. Even more frequently, eCommerce business owners are not tracking their accounting data properly to make key financial […]

The truth is most accountants are just a cost. The cost of compliance with taxes. The cost of getting the books done. But when you work with me. It’s not just about compliance. 👇 I recorded a video going over this below It is about increasing profits, improving cash flows and effectively managing your inventory. You […]

An effective method for increasing your profit margins is increasing your average order value. Average order value is the average dollar amount a customer spends per transaction in your store. You can calculate average order value by using a simple formula: total revenue / number of orders = average order value. To increase your average […]

Customer lifetime value is an important metric for eCommerce companies to understand and measure. Customer lifetime value is an average of how much a customer is worth to you over their lifetime. What do you do if your business has only been operating for a short time period? 6 months? 1 year? 👇 I recorded a […]