Tag: profit

  • Strategies for Investors to Cut Taxes as Year-End Approaches

    Strategies for Investors to Cut Taxes as Year-End Approaches

    The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some moves to make the best tax use of paper losses and actual losses from your stock market investments. Tax rates on sales Individuals are subject to tax at a rate as high as…

  • Put a Number on Your Mid-Year Performance with the Right KPIs

    Put a Number on Your Mid-Year Performance with the Right KPIs

    We’ve reached the middle of the calendar year. So how are things going for your business? Conversationally you might say, “Pretty well.” But, analytically, can you put a number on how well you’re doing — or several numbers for that matter? You can if you choose and calculate the right key performance indicators (KPIs). Four…

  • Could You Unearth Hidden Profits in Your Company?

    Could You Unearth Hidden Profits in Your Company?

    Can your business become more profitable without venturing out of its comfort zone? Of course! Adding new products or services may not be the best way for your business — or any company — to boost profits. Bottom-line potential may lie undiscovered in your existing operations. How can you find these “hidden” profits? Dig into…

  • Following the ABCs of Customer Assessment

    Following the ABCs of Customer Assessment

    When a business is launched, its owners typically welcome every customer through the door with a sigh of relief. But after the company has established itself, those same owners might start looking at their buying constituency a little more critically. If your business has reached this point, regularly assessing your customer base is indeed an…

  • How Competitive Is Your Business?

    How Competitive Is Your Business?

    Every business owner launches his or her company wanting to be successful. But once you get out there, it usually becomes apparent that you’re not alone. To reach any level of success, you’ve got to be competitive with other similar businesses in your market. When strategically planning, one important question to regularly ask is: Just…

  • The Fine Line Between a Small Business & a Hobby

    The Fine Line Between a Small Business & a Hobby

    It’s a matter of work vs. fun, right?  No, the difference – at least from a tax perspective – is that you can fully deduct business expenses from income.  Under the new tax law, you can’t deduct any hobby expenses. No single factor is determinative, but you’re probably operating a business if:  You have a profit motive.…

  • Turning Employee Ideas Into Profitable Results

    Turning Employee Ideas Into Profitable Results

    Many businesses train employees how to do their jobs and only their jobs. But amazing things can happen when you also teach staff members to actively involve themselves in a profitability process — that is, an ongoing, idea-generating system aimed at adding value to your company’s bottom line. Let’s take a closer look at how…