Marketing and advertising agencies run on all cylinders. Schedules are hectic with client work, and there rarely feels like enough hours in the day to address the internal operations of your business.
Working in real estate takes a big investment of time and money. In conducting your business, it’s not always crystal clear whether expenses are deductible, which can lead to an overpayment of taxes.
Understanding your expenses will help you deduct appropriately and avoid overpaying on your quarterly and year-end taxes.
To remain profitable in the transportation industry is a challenge these days. Without a proper way to track and control operational expenses for your trucking company, you run the risk of going out of business.
One way to gauge profitability is to accurately calculate the cost per mile for each of your trucks. That way, you’ll have a better understanding of your expenses when it comes time to charge your customers.
With strong bookkeeping and accounting practices in place, calculating your cost per mile starts with your company’s expenses. In the transportation industry, expenses typically fall into three categories: fixed costs, variable costs, and payroll.
Some machine shop owners assume they know how much it costs to run a job based on gut instinct or because of their experience. Others simply rely on bank balances to measure the success of their business at the end of each month.
To run and grow a thriving machine shop, you should know which jobs are truly profitable, and which jobs didn’t make you money.
As an insurance agent, you understand the importance of protecting one’s assets. That’s why your clients rely on your expertise when it comes to covering their vehicles, homes, businesses, and other important aspects of their lives. Why not have the same protection for your agency’s finances? Professional bookkeeping and accounting helps you to avoid financial surprises, and covers you when issues or opportunities do arise.