jamesonSINEMETU@alien.topBtoSmall Business•What is the most important mistake you’ve learned from in your first year of business?English
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1 year agoEverything you said was good except reinvest profit back. No way. That’s yours. Take it and do something else. Your business should be growing on its own merit.
Tax season is at least 4 times a year. Some companies its monthly. If you only see your cpa once a year you get surprises that you don’t like.
Set aside more than you think you need for taxes (I set aside sales tax plus 20% of every deposit) what ever is leftover at the end of the year and filed and accepted I take 1/2 of what’s left over into profits and leave 1/2 for next year.
Seriously read profit first and implement it immediately it will for the best business habits and give you the answers you need to succeed