I want to reframe what the word profit means. Profit means stability, impact, sustainability for your small business. It is the oxygen you need to keep going. No business should be running on a profit of less than 5%, and 20% is a much healthier number. This is … Read More
Why does using Profit First set you up for success in a way that no other system can? Because it doesn't just tell you "pay yourself first;" it shows you exactly how to do that. Most small business owners don't realize that the first question to ask … Read More
In this edition of our Bookkeeping Basics series, we'll cover the basics of business operating costs, including what counts and how to manage operating costs in the Profit First accounting method we advocate here at Moxie. (Find out more about Profit First.) What is overhead? Your overhead is any … Read More
2020 was a wild ride, right? The election is over and I'm pretty excited about the outcome. I'd particularly like to extend congratulations to Kamala Harris on being the first female and first woman of color Vice President. We're all doing a little bit of celebrating here … Read More
Ean was recently featured on the Shitty Idea Time Podcast with Tess Lorraine, founder of the Heart-Driven Business Academy. During this episode, Tess and Ean discuss self-defense, traveling and of course, bookkeeping. https://www.youtube.com/watch?v=jXv5kcH_lP4&feature=emb_logo Here are some of the topics that she touched on: How she began her career as … Read More
No matter which way you slice it, 2020 was a challenge for most of us -- and for some of us, it was a BIG challenge. A lot of small businesses went poof this year, and many more are struggling. With the holiday season coming up, this is … Read More
Congratulations! You've gone viral. Or maybe you've been featured in a major publication, or just landed your very first major client. Either way, the next few months are looking really, really busy -- maybe a little too busy. You're not sure how you're going to get everything … Read More
Is your choice of Payment Processor costing you? Guest written by Samantha Ettus, Founder of Park Place Payments In 2010 I attended a payments industry event where two pivotal things happened. I looked around the room which was almost entirely white men and asked where the women and people … Read More
As a small business owner, one of the scariest parts of the business can be filing taxes -- especially if you're unprepared. If you've ever sat at your desk just before the filing deadline with a stack of receipts (paper or digital) and a sense of panic, … Read More
Hey, you! You there, with the small business! Are you filing federal income taxes monthly or quarterly? And are you sure you're choosing the right option? If a chill just went down your spine, you're not alone. Paying small business taxes is intimidating enough without doing it four … Read More