Occasionally you find something that feels revolutionary. Something that changes your perspective and opens your eyes to new possibilities. Profit First proved to be one of those experiences for me. Accounting has been done a certain way for a very long time, the basis of such is a simple formula: sales – expenses = profit.…
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You may be reading this from the beach, or the mountains, or from your favorite cozy chair sipping a cup of coffee next to the fireplace. If you are at work today—perhaps like many of us stuck at an office—you have your digital fireplace going on the monitor behind you, right next to the collection…
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2018 has been an exciting year of learning, growth, and opportunities for Patrick Accounting and our clients. We have a lot to be grateful for and look forward to in 2019. Here are the posts that YOU told us were your favorites from 2018. We hope they help you review 2018 and prep for 2019.…
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What’s Christmas without your favorite holiday movies, moments, tasty treats, and of course…your favorite song? Our Patrick Accounting team recounts their favorites from the season. Click below to watch the fun! Merry Christmas and Happy New Year everyone!
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As a small business owner, you don’t need me to tell you that 2018 is quickly disappearing. By the time you subtract holidays and vacation, there are really only a few days left! Before the calendar flips into 2019, we’ve rounded up some great ways to help you save serious money on your taxes this…
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The most important consideration once you have decided to raise prices is ensuring you communicate with your customers so they are not surprised. Customers would more likely be upset by a lack of communication than by the price increase itself. Here are best practices for rolling out increased pricing: Let your customers know when you’re…
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Raising your prices can feel a lot like walking into a dark room as a child. Your mind conjures all sorts of scary things that could happen, but as soon as you turn on the light, you realize there’s nothing to fear. Most of the business owners we know dread the thought of raising prices,…
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Sometimes it’s easy to miss the seemingly small and obvious things that can make a world of difference in our businesses. Like saying “thank you!” I’m going to assume that saying “thanks” – and other similar phrases – is a skill that you learned growing up. Good manners require some level of politeness, which means…
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Do you remember when cell phone plans weren’t unlimited? You may have had unlimited nights and weekends but only a few hundred minutes for the rest of the month. If you were like me, you kept a constant eye on minutes because going over your limit cost a ton of money! It also meant staying…
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What if the traditional view of determining your profit is wrong? What if there’s a better alternative – such as taking your profit first, instead of last? History has shown and science has debunked a lot of assumptions and myths over the years. Here are a few examples: The earth is flat. The earth is…
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