Profit First is a straight-forward but innovative approach to business finances developed by Mike Michalowicz. Traditional business accounting has evolved from GAAP (Generally Accepted Accounting Principals), which is too complex for most small businesses, and drives owner attention to the wrong area. As a result, most small businesses operate on a cash-basis, keeping “tax-books” once a year. While this lets you comply with the IRS, it doesn’t help you drive your business.
Profit First is an adaptation of traditional personal finance principles to the needs of a small business. Similar to the Dave Ramsey concept that personal finance is 80% behavioral and 20% math, Profit First drives you to operate your business in such a way that you focus on the cash flow allocations necessary to pay yourself and cover your bills.
As a certified Profit First Professional organization, we help you bring the concepts of Profit First into your organization while maintaining all the compliance that you count on your CPA firm to do for you. This focus on profitability means you take more out of your business. Any accountant can do your taxes and reconcile your books. But how many accountants will also drive profitability in your business? That’s what we do. We are a Profit First certified firm.
Our firm is one of the select few, nationwide, that have received a certification in Profit First. What does this mean for you? We will guide you with the methods to greatly increase the profitability of your business. Of course, we will manage your accounting, do your tax returns and help you with your books as well. We also provide the most important financial factor – maximizing your profits.
Is your accountant stuck in the old way of just doing the books and filling out your tax forms? Then we would love to show you what modern accountants do… they help you drive profitability.
Schedule for a free consulting session. No strings attached.