How I Organize My Business Bank Accounts | The Deduction #005
Happy Sunday! Today I thought I’d talk about how I organize my business accounts for maximum productivity, minimum waste, and easy savings (for taxes and a rainy day). With just a little bit of thoughtful work up front you can
3 P&L Tips to Boost Your Law Firm Profits!
Boost your law firm’s profits by using your P&L statement to know your break-even point, cut expenses, and improve margins. Master your numbers, grow faster!
“Closing the Books” explained. | The Deduction #004
Ever hear of “closing the books” and wonder what that means? Me too. So I figured it out. And today I’m going to teach you. Don’t worry, it’s not super complex, though it is super important. When most people think
The Right Way To Use Your Trust Account… | The Deduction #003
I actually came across this twice last week, so I thought I’d talk about it briefly here. I think we’re all familiar with trust accounts here – they’re basically escrow accounts for funds that have been paid by a client
An Easy Tax Win to Start 2025… | The Deduction #002
Happy New Year! Thought I’d start the year off with an EASY tax win. It’s really straightforward, and something most of you are NOT doing. Ready? Make sure you are keeping your business and personal expenses separate. This is literally