Skip to content

Patrick Accounting Blog

What to Do When Tax Season Isn’t What You Expected

By Matt Patrick / May 14, 2019 / Comments Off on What to Do When Tax Season Isn’t What You Expected

We’ve all had the experience in school of walking out of an exam feeling woefully under-prepared and thinking… “Well, that’s definitely not what I expected.” But when you are running a small business and you walk out of your accountant’s office saying the same thing about your taxes, there’s a problem. Your taxes should not…

Read More

How Do I Implement Profit First?

By Matt Patrick / April 30, 2019 / Comments Off on How Do I Implement Profit First?

Joshua Chamberlain is quite possibly the one man responsible for the U.S. winning WWII. This is impressive considering that he fought in the Civil War. Chamberlain was a college professor in Maine who volunteered to join the Union Army during the Civil War. He is best known for a single moment of action at the…

Read More

Our Taxes are HOW Much? (and other things you should never have to say to your accountant)

By Matt Patrick / April 18, 2019 / Comments Off on Our Taxes are HOW Much? (and other things you should never have to say to your accountant)

We are hitting pause on our regularly scheduled programming to do a post-tax-season pulse check. Do any (or all) of these statements describe how you are feeling now that tax season has ended? “How in the world am I going to make payroll this month, write the huge check I owe for taxes, AND pay…

Read More

Four Ways to Implement Profit First in Your Business

By Matt Patrick / April 3, 2019 / Comments Off on Four Ways to Implement Profit First in Your Business

Profit First is a radical accounting system that will transform your business. Since the book’s release in 2017, 30,000 businesses have put it into practice, and they’ve seen incredible results! We’ve already done several introductory posts on Profit First. (If you’re just joining us, take a couple of minutes and take a look through these.…

Read More

What if your accountant could help you make your business more profitable?

By Matt Patrick / March 26, 2019 / Comments Off on What if your accountant could help you make your business more profitable?

You don’t have to look far to find people who fail to meet expectations. (Just Google “you had one job” or head over to hadonejob.com for a long list of hilarious examples…after you finish reading this post, of course!) Fortunately, most of the world is populated by dependable people who get up, go to work,…

Read More

Why You Shouldn’t Attempt Profit First Alone

By Matt Patrick / March 19, 2019 / Comments Off on Why You Shouldn’t Attempt Profit First Alone

In 1933, a Detroit radio station introduced a man who quickly captivated the hearts and minds of millions of people around the world. Before long, he was the star of a regular radio show, books, television, movies, and even comic books. And he did it all without ever really telling anyone who he was…or fully…

Read More

Everything You Ever Wanted to Know About Profit (and then some!)

By Matt Patrick / March 14, 2019 / Comments Off on Everything You Ever Wanted to Know About Profit (and then some!)

In last week’s post, I gave five reasons why small business owners should consider implementing a revolutionary, counter-intuitive accounting method called “Profit First.” (ICYMI, here’s another post I did on it last year too.) I realize that last week was a 30,000 foot view of the idea, so you probably have a lot of questions…and…

Read More

Five Reasons You Should Implement Profit First for Your Business

By Matt Patrick / March 7, 2019 / Comments Off on Five Reasons You Should Implement Profit First for Your Business

Here in the South, it’s not unusual for someone’s famous last words to be: “Hey, y’all! Watch this!” More than likely, someone responded with, “I wouldn’t do that if I were you.” Have you ever gotten a really great piece of advice from a friend—that you proceeded to totally ignore? Have you regretted it ever…

Read More

This One Thing Makes You Lose the Profitability Battle

By Matt Patrick / February 26, 2019 / Comments Off on This One Thing Makes You Lose the Profitability Battle

The D-Day landings simply had to succeed. Germany was rolling across Europe unopposed, and Allied troops landing at the Normandy beach front was the only hope of stopping the most brutal dictator the world had ever known. Today, we breathe a sigh of relief knowing the outcome of WWII. However, D-Day (and possibly the war)…

Read More

What Should I Do With My Profit?

By Matt Patrick / February 19, 2019 / Comments Off on What Should I Do With My Profit?

A couple of weeks ago, I wrote about “How Your Bookkeeper Can Help Your Small Business Be More Profitable.” I firmly believe that if you’ll put the concepts we teach at Patrick Accounting into practice and continue to get better one step at a time, you will see your business becoming more and more profitable.…

Read More

Archives

Scroll To Top