Posted on March 11th, 2024

Recently I've been receiving a lot of calls with business owners who I met at a networking event last month. By the way - thank you, #HauppagueIndustrialAssociation!

So today I want to do a bit of a Q&A session. The most common questions I've been getting are:

1. I feel like I'm paying too much in taxes. You say you save firms money on taxes. What can you do to help?

A: Let's examine your business entity structure and tax strategy. We might be able to save you $12,000-30,000 in federal and state income taxes every single year. The tax code is complicated and there are a lot of variables. But that's a good thing for you if you have the right advisor.

2. My business revenue recently plateaued. I'm not really sure what to do to grow my business. How exactly can you help me increase profits & cash flow? What should I do to grow my business?

A: First let's take a look at your P&L and analyze your revenue streams. We'll break down total revenue by each of the services you offer (if there's more than one) so you can understand which are your most profitable and which are costing you when you factor in labor.

Next, we'll analyze your marketing & advertising expenses to show you how to acquire twice as many new patients at half the cost you have now.

3. Honestly I don't really know how much money my business is making and how much I'm supposed to be paying myself. That means my cash flow is uneven. I don't really know how to save for year-end taxes or how to save for retirement in a way that's tax-deductible.

A: There's a big difference between a company's net profits and its cash flow. Which is why so many struggle to figure out how to pay themselves a good salary without putting the business in a bad cash position.

I'll help you reverse engineer your salary and benefits and advise you on tax-deductible retirement plans so you can defer income and save on taxes.

Now you might be thinking, "Wow, that's kinda complicated, there's a lot of different variables here!"

Well, you're right, and that's why you need expert advice from someone who has the right team to make it work for you. The good news is, I can give you clarity into all of this and more in just one 45-minute phone call. If you're ready to take control of your finances and your future.

We'll review your business entity structure, tax strategy, and accounting system so you can have complete peace of mind that your business isn't leaking cash.

Thanks,

William Gonzalez