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 […]

As your business grows, it becomes more important to monitor and analyze your data. This one equation simplifies your eCommerce financials and allows you to cut through uncertainty so that you can prioritize key financial decisions. Visitors x Conversion Rate x AOV  = Revenue By focusing on these three variables, you can you assess every […]

Mismanaging margin and markup can lead to selling products at prices that are substantially too high or low, resulting in lost sales or lost profits. Margin is sales price minus the cost of goods sold. Below is a breakdown of each profit margin formula. Gross Profit Margin = Gross Profit / Revenue x 100 Operating […]

Taxes are usually the biggest or one of the biggest expenses for businesses. As a result, a properly designed and implemented tax plan can be one of your most profitable investments. You may often hear myself or other CPA’s speaking about tax planning. What does that mean? Tax planning is focused on organizing your business, […]

One of the most important steps in maintaining a tax strategy is maintaining an active dialogue with your CPA. Does your CPA have a structured process in place to ensure you are communicating properly throughout the entire year? It is not only imperative to design and implement a tax plan for your eCommerce business. You […]

The majority of the tax law is actually intended to reduce your taxes – not increase it. If you follow the rules, you should enjoy legal tax deductions and be well-prepared for an audit. These are the rules and legislation that we see our politicians arguing about on a daily basis. They focus on this […]

Building wealth is not about what you MAKE, but what you KEEP.The average taxpayer spends 2.5 hours a day working to pay their taxes. Stop and think about that when you go into the office on Monday. 2.5 HOURS. Time IS Money! Taxes don’t just steal your money, they steal your time. Make sure you […]

I know that sounds like a lot. But what’s funny? He only save $12,000 per year. That’s $1,000 per month. So how will he make 3.2M? Set up a time to speak directly with me here for a free strategy session to get your tax planning process in order. 👇I recorded a video going over […]

One of my clients just hit that. You’re life changes. It’s not the same. You have all sorts of responsibility and all sorts of new opportunities. Yes, you can do a few hundred thousand here or there, but once you hit these numbers. You never go back. And so… what do you have to do? […]

Come in close. You can’t tell anyone. This is just going to be between us. The first secret most people don’t realize. Secret #1: You don’t have to be a multimillionaire to benefit from tax planning. In fact, I’ve seen people who have less than $10,000 in REVENUE for their business benefit from tax planning. […]

It’s sad but true. If you missed simple strategies in 2019.. You may have overpaid by tens of thousands of dollars. Now I can’t know for sure until I know where your business is at. But if you’re making over $100,000 per year in gross sales. You’re at risk. We recently went through the largest […]

I know what you’re thinking…. I already have an accountant or CPA! They do my taxes, so I’m covered. Well…. when you hear this story…… let me just say…. Make sure you’re sitting down. Do you want help with the tax planning process for your eCommerce business? Schedule a one-on-one consultation at the link below: […]