It’s a beautiful day. The birds are chirping, the sun is shining and you are meeting a client at a restaurant. Not just any restaurant, mind you, but a nice one. This one has high ratings, exceptional service and four “$”s next to it on Yelp.Yes, its good to be in business so you can live like a king. Getting the business to pay for your meal is genius. But then you vaguely remember the talking heads on cable television discussing a tax law cha […]
BELOW GROUND
You have little to no engagement with your accounts.
The qualifiers.
- No vendor relationships, you resell retail products
- No differentiation between cost of good and expenses
- You digitally submit and approve time cards
- No collection of sales tax
- Late payments on account (tax return is in arrears, late loan repayments)
Some big (and simple) changes would reshape your position but you’re gonna want to take action pretty quickly.