Too many years ago playing high school football, I remember when the horn blew to end the 3rd quarter and every player would put four fingers in the air. Everyone in the stands would do it, and everyone would be looking around like, “Hey you know what’s after the 3rd quarter right – the 4th quarter, no way!” …
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What’s your top three tips for small business owners? We asked our local experts (the Patrick Accounting staff) for their best bits of wisdom! Tucker Stock, Staff Accountant 1. It’s always a good idea to have at least two bank accounts, one for payroll and one main operating account. Restaurants may also benefit from a…
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We’ve been talking a lot about Profit First the last several months. Profit First is the accounting practice that is revolutionizing our clients’ businesses. If you missed any of the posts, I’ve included them below. 3 Reasons to Read Profit First by Mike Michalowicz You Must Focus on This if You Want Your Business to…
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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…
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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…
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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…
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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.…
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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,…
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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…
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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…
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