Client Resources
This page is designed exclusively for our valued clients. From helpful guides, informative articles, and educational materials to exclusive offers and promotions, we are committed to empowering you with the tools and knowledge you need for success. Explore our library of resources tailored to your specific needs and goals. We continually update this page to ensure you have access to the latest industry insights and trends.
Our commitment to providing a streamlined experience extends beyond our exceptional services. As part of our dedication to your convenience, we offer below array of tools and features:
You can access and download our tax return materials, such as the Individual Tax Checklist in pdf format, E-Tax, the Income Tax Calculator, and the Tax Variation form.
Whether you are a business owner looking for ways to improve your financial management or an individual seeking tips on personal finance, our blog offers a wealth of information to help you navigate the complex world of finance. Discover practical tips to save money, strategies to increase profitability, guidance on tax planning, and insights into the latest trends in the financial industry.
Master your Profit First percentages for business success with our expert guidance and tailored strategies. Our certified professionals ensure a seamless implementation, adjusting allocations to fit your unique needs and industry demands. Stay agile and profitable with regular reviews and tweaks, maximising your financial potential. Book a call today and step into the power of Profit First for sustainable growth and prosperity.
Discover the transformative power of Profit First methodology as we delve into the differences between traditional accounting methods and a profit-centric approach. Explore how prioritising profit can revolutionise your business finances and set you on a path to sustainable growth and success.
Discover the rare breed of accountants who embrace the Profit First methodology and can revolutionise your financial strategy. Learn why finding the ideal Profit First Certified Accountant is essential for optimising your business’s profitability and success.
Browse through our FAQ section to find solutions to common inquiries about our services, profit first, tax preparation, bookkeeping, financial planning, and more. Whether you are a business owner seeking clarification on tax regulations or an individual looking for guidance on personal finance, our FAQ page is designed to assist you.
No. The allocations start the day you implement Profit First, with your very next deposit. You don’t do anything retroactive. So the money in your accounts currently just stay where they are (probably in one checking account).
You setup Profit First with all new accounts at this same bank, but don’t use the existing checking account with all the money currently pooled up in it as one of the Profit First accounts.
Then you start doing Profit First allocations with the next deposit and follow the process. You handle the money that is pooled up in the prior account as you normally have been… until that money is fully drain (to $0.00) over time. Then you can close the account or use it for another profit first account.
Expenses that are fully for the owner’s benefit (leasing a car, club membership or something) would be paid out of the Owner’s Pay account…since it is an owner benefit. But since it is paid by the company from that account, for tax purposes, it still acts like an expense.
Always start right away. By implementing the system you will force profitability (not wait for it). Start at a low percentage… maybe 1%, but get started NOW!
While logically you want to pay off your highest interest rate loans first, Profit First is all about leveraging human behavior.
One of the critical behaviors is “early successes.” When we see early, even if it is small, progress in our management of money, we become more committed to the process.
In regards to debt, Dave Ramsey (author of The Total Money Makeover) suggests a technique that is in perfect alignment with Profit First.
The process is simple. First sort all your debts from smallest amount due to largest. Then put all your financial effort in eradicating the smallest debt (in dollar amount) first, while maintaining the minimums due on all other debts. Then once the smallest debt is paid off, target the next smallest debt on your list. Wipe that out, and then hit the next.
This will build a series of “early successes” and create a “snowball effect” as more and more money is freed up (as the small debts are paid off) to target the remaining debts.
Immediately. In fact the sooner you start with Profit First the sooner you will master financial discipline and force your business to run efficiently. No matter how new or established your business is, you should not wait to implement Profit First.
Wrong. In fact, the only way to pay off debt (which is simply past expenses that you haven’t paid for yet) is to be profitable. You must currently make more than you are currently spending, so that you have current profits. Then you use those profits to pay off your debt (past expenses).
Pay all the minimum fees out of your Operating Expenses. Then use any remaining money you have in Operating Expenses (after paying other bills) to pay off your smallest debt as fast as you can.
No matter what keep doing the profit allocation of Profit First every 10th and 25th.
I know this sounds crazy, since you have debt to pay… but you MUST build up that habit of always taking your profit first. Then when you do your quarterly profit distribution, take 95% to 99% of that distribution money and use it to crush one of your debts. The remainder (5% to 1%) is used for you to celebrate.
This process has you constantly chipping away debt (from Operating Expenses) and then quarterly hitting that debt really hard. It is kinda like boxing… jab, jab, jab then a massive right hook.
Let us guide you towards a future where your business thrives, your profits grow, and you confidently make strategic investments to secure long-term success.