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Your Financial Partner Through Tough Decisions

By Matt Patrick / March 18, 2020 / Comments Off on Your Financial Partner Through Tough Decisions

Through the uncertainties you are facing, we at Patrick Accounting and Whirks strive to be a guiding light, a sounding board, and a friend. We know you have tough decisions to make that will impact your team and your business. Here are some of the actions we are taking to help our clients, who are…

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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…

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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…

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What’s The Difference Between Gross Profit and Net Profit and Why Does It Matter?

By Matt Patrick / February 12, 2019 / Comments Off on What’s The Difference Between Gross Profit and Net Profit and Why Does It Matter?

Some accounting jargon can be confusing. I am an accountant and most of the time I understand what someone is asking, but for a normal business owner it might as well be Latin or jibberish.  Our job is to convert accounting-ease to plain English. You know so you can actually understand what we are trying…

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How To Make More Money (And Not Feel Guilty About It)

By Matt Patrick / February 5, 2019 / Comments Off on How To Make More Money (And Not Feel Guilty About It)

I learned a painful lesson the first three years after starting Patrick Accounting. My revenue was going up significantly; however, I made the same amount of money in my third year as I did in my first year. If you are like most business owners, part of the appeal of starting and running your own…

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You Must Focus on This if You Want Your Business to Succeed

By Matt Patrick / January 16, 2019 / Comments Off on You Must Focus on This if You Want Your Business to Succeed

Do you love profit? We do. And not in a shallow, superficial kind of way. We love profit because of what it means and what it can accomplish for business owners. 1. Profit is a reliable indicator of your business’ health. We all have different reasons for starting businesses. I started Patrick Accounting because I…

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3 Reasons to Read Profit First by Mike Michalowicz

By Matt Patrick / January 9, 2019 / Comments Off on 3 Reasons to Read Profit First by Mike Michalowicz

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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Sliding Into 2019 Like Whee!

By Matt Patrick / December 26, 2018 / Comments Off on Sliding Into 2019 Like Whee!

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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Sending Lots of Christmas Cheer from Patrick Accounting

By Matt Patrick / December 19, 2018 / Comments Off on Sending Lots of Christmas Cheer from Patrick Accounting

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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How to Increase Your Prices Without Losing Customers – Part 2

By Matt Patrick / December 4, 2018 / Comments Off on How to Increase Your Prices Without Losing Customers – Part 2

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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