Guess What? You Probably Don’t Need A Tax Plan.

If I Had A Dollar For Ever Business Owner Who Obsessed Over Taxes…

Tax planning can be important but timing matters. Look, I’m a CPA with three decades of tax returns under my belt.  I am never going to tell you tax planning isn’t important. But here's the problem: most founders obsess over saving on taxes before they've built a business that actually generates consistent, healthy profit. 

Have you paid your future self in full yet this year?  If not, start there and that’s your tax advice for now: max your pre-tax retirement, then we’ll talk.  Oh, wait - you don’t have the cash?  Well, that’s my point exactly, because you can't tax-plan your way out of a cash flow and profitability problem.  You do not run a business to always be cash-strapped with an underfunded retirement account.    Here is what you can do instead.

Make the shift: Now is the time to focus 100% on building profit and maximizing your cash flow; then and only then should you optimize taxes - after cash is good and profits are up. Now, if you’re running huge losses, there is some tax implication involved, but that’s another topic. Focus on creating sustainable margins, predictable cash flow, and a business model that works. Once you have that foundation, strategic tax planning becomes incredibly powerful. But not before.  There are fifteen (15!) cash flow drivers that you can optimize in your business.  Fifteen different levers to pull to fill your bank account.  Fifteen ways to manage and increase your cash in bank.  That’s just the start, but you have to start.  Start today.  Start now.  Let’s max your cash flow, max your profit, max your retirement, and get you paid. Book a call to learn more.