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Forecasting is more important than budgeting

Forecasting is more important than budgeting

At our “3 Must-Know Year-End Tax Strategies” event in November, Jonathan Bill explained how budgets are a license to spend, but forecasts are a license to make profit. Based on the book Simple Numbers by Greg Crabtree, which we use here at SBS Accounting &...

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Focus on Pre-tax Profit, Not on Revenue

Focus on Pre-tax Profit, Not on Revenue

As a small business owner, you are probably focused on growing your revenue. That’sfine – who doesn’t want to get more sales each year? But, the top line should not bethe first place your attention goes when you look at the income statement. Yes, youread that...

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Year-end tax planning time is here

Year-end tax planning time is here

Before you know it, we’ll all be saying “Happy New Year!” With the end of the 2023 quickly approaching, it’s a good time think about your financial situation and tackle a few tasks. Tax planning between now and December 31 can have a significant impact on your...

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