Tax Planning Strategies for Business Owners | Pipeline Planning
How to Draw Money from Your Business There are several ways to draw money from your company, and they each have different consequences and advantages when it comes to tax planning and optimization. Drawing money from your company can be done through: Salary When you take a salary, the company manages your income tax deductions […]
Budgeting and Forecasting for Your Auto Repair Business
Budgeting and Forecasting for Your Business A budget is a financial picture that typically covers a 12-month period. It is used to determine what you can expect for revenues and expenses over the course of the year, factoring in operational activities that you are anticipating implementing. Budgeting is a valuable practice that allows you to […]
Budgeting and Forecasting for Your Trades Business
Budgeting and Forecasting for Your Business A budget is a financial picture that typically covers a 12-month period. It is used to determine what you can expect for revenues and expenses over the course of the year, factoring in operational activities that you anticipate implementing. Budgeting is a valuable practice that allows you to see […]
Understanding and Increasing Your Personal Net Worth | Advice for Physicians
What is Personal Net Worth Your personal net worth is based on the value of all your assets minus the value of your liabilities. What would you have left after selling everything you own and then paying off your debts? That is your personal net worth, or PNW. Your assets may include cash and anything […]