In previous posts we defined profit and the factors which affect it, and discussed ways to increase profit in general and how to improve your gross margin. Today let's look at ways to improve your profit by improving productivity. Improving … [Read more...]
Pennsylvania’s Educational Improvement Tax Credit
Would you like to contribute to charity but money’s a little tight? Or maybe money’s not an issue, but you can’t pass up a good deal. Either way, the Pennsylvania Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) … [Read more...]
Developing a Profit Improvement Strategy Pt 1 – Improving Your Gross Margin
In our last posts we defined profit and the factors which affect it, and discussed ways to increase profit. Now let's talk about how to develop a profit improvement strategy for your small business. To improve your profitability, you must either … [Read more...]
How To Increase Profit
In our last post we discussed the four factors which determine profit. Today you'll see how you can manipulate those factors to increase your profit. How To Increase Profit If you’re looking for ways to increase your profitability, you have to … [Read more...]
What is Profit?
Every business owner knows that they're trying to make a profit. Not everyone knows exactly what profit is, the factors that affect it, and how to mximize it. This is the first part of a series on profitability in your business. Part 2: How To … [Read more...]
Auto deductions – the standard mileage rate method
You can deduct the cost of business use of your car using one of two methods: the actual expense method or the standard mileage rate method. The actual expense method usually gives bigger deductions in the year of acquisition. The standard mileage … [Read more...]
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