Budgeting is how businesses and families plan their financial lives. We help develop pro forma budgets for investors (showing the go-forward estimates), income and expense estimated business budgets based on historical numbers, and zero based budgets for clients managing cash flow problems. While not as sexy as identifying pure tax savings, a budget is critical in personal finance and business finance to helping manage the cash flow to cover expenses.

With owner-operated companies, we often help implement the Profit First business methodology, which is actually a backdoor way to budgeting based on time tested principles of personal finance. This methodology helps break income into discrete buckets, essentially an “envelope” method for small businesses.

With small businesses that have developed a managerial structure with other decision makers, businesses that have managers making certain decisions that have a financial impact, having department budgets and evaluating their performance against those metrics is important to successfully running your business.

In addition to your business income, our tax planning strategies look holistically at your family finances to identify tax strategies that maximize your wealth building. This may be identifying how to shift expenses into a deductible status, or helping you identify cost savings to plow into investment vehicles.

A profitable business is one where revenue exceeds expenses. A wealth building household is one where income exceeds expenses. A realistic budget that comports with reality and helps you make good decisions can be critical to your wealth building by helping make your business profitable and your household cash flow positive.

Movie Revenue Post Pandemic

By |2021-07-12T17:49:28-04:00July 12th, 2021|Categories: Other Perspectives|Tags: , , , , |

Slowly movie theaters have been opening back up thanks to the Covid-19 vaccine. Furthermore, the pandemic has made it hard to gauge whether or not movies as we once knew them will return. So I decided to take a look at Twitter and assess the number of people going to the theaters versus the number of people using Primier Access to watch the new Marvel movie called Black Widow and make a prediction about the future of movie theaters and at-home streaming. 

Meals, Entertainment, & Tax-Deductions

By |2021-07-07T12:57:14-04:00July 7th, 2021|Categories: Quickies with Bette|Tags: , , , , , , , , |

Hey, guys, happy Wednesday. We're going to hop on with a little business quickie about meals and entertainment because this is a tricky area for a lot of business owners. I know everyone wants to write off every meal possible that they ever have as a business expense and, unfortunately, can't always do that.

Special Needs Planning

By |2021-06-18T18:24:51-04:00June 18th, 2021|Categories: #FinanceFriday|Tags: , , , , |

Special needs planning is relatively new but Craig Eppy's family firm, The Eppy Group, has been practicing special needs planning for over 30 years. Join us for this Finance Friday where Craig shares his well of knowledge with us. 

What You Should Know Before You Move To Florida.

By |2021-02-05T11:38:16-05:00February 4th, 2021|Categories: Quickies with Bette|Tags: , , , , , |

Did you move to Florida during the pandemic? Well, we see you and want to prepare you with some tips and tricks in regards to documenting your move so you can avoid those pesky state taxes.

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