The State of California Took His Money & Left Him with Nothing

Where he went wrong - True story

Did you know that most contractors don’t have enough money in their bank account to cover even 30-days worth of bills? And on top of that, imagine if you had past due payments and all of your personal and business bank accounts were levied…meaning that you wake up to find every bank account has a $0 dollar balance. Can you possibly imagine how this story would have a happy ending? Well if not, then You MUST listen to Carl’s story RIGHT NOW! This turn-around story will leave you inspired and ready to take action. Hear how Carl went from $0 to a MILLION DOLLAR COMPANY in 24 months. This story is not to be taken lightly. I can only imagine that there are more “Carl’s” out there, right now, who desperately NEED to hear this information. So here are TWO SIMPLE ACTION STEPS you can take immediately…

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Taxes in Business

Most people would get pretty excited if they were told they had to spend $54,000 in three days.  But, in all honesty, nothing could be further from the truth when you own your own small business. Today's story doesn't start on January 1st when the fiscal year ends. My story actually starts three months prior to that, around October 1st. That's when I begin my end of year budgeting. This year I planned it a little too tight.

Start Planning October 1

What am I talking about? On October 1st I start to forecast where my gross revenue is going to be and where my expenses are then I try to get those to match up as close as possible to eliminate as much profit as I can from the company. The reason I do that is, Uncle Sam will take 30% of all the profit my company shows. Don't get me wrong, I love what Uncle Sam's doing but I don't feel like giving them 30% of all my hard-earned labour....

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