CPA

Podcasts | Uncategorized

ProfitSense Episode 63: Katie Taylor, K.B. Taylor Marketing; Bruce Burkholder, Robins, Eskew, Smith & Jordan CPAs; & Peter Faser, The Profitability Coach
ByBill McDermott October 14, 2024October 14, 2024

This episode of ProfitSense, hosted by Bill McDermott, explores crucial elements for business success, featuring insights from Katie Taylor of K.B. Taylor Marketing, Bruce Burkholder from Robins, Eskew, Smith & Jordan CPAs, and Peter Faser with The Profitability Coach. The session delves into marketing strategies for small to medium-sized businesses, emphasizing the importance of comprehensive plans…

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Podcasts | Uncategorized

ProfitSense with Bill McDermott, Episode 47: Jonathan Strack and Eric Cooley, Strack, Inc. & Chris Smith, CB Smith & Associates
ByBill McDermott July 17, 2023July 17, 2023

On this edition of ProfitSense with Bill McDermott, Jonathan Strack and Eric Cooley from Strack, Inc., and Chris Smith, CB Smith & Associates, joined us for a discussion on building their respective businesses and adapting to the digital age. Jonathan and Eric talked about cultivating a company culture, getting outside their comfort zone to recruit talent and…

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Podcasts | Uncategorized

ProfitSense Episode 45: Vivian Dempsey, Wilson Lewis & Scott Williford, vLink Solutions
ByBill McDermott May 15, 2023May 15, 2023

On this episode of ProfitSense, host Bill McDermott welcomed Vivian Dempsey, Partner at Wilson Lewis, and Scott Williford, CEO of vLink Solutions. Vivian talked about Georgia’s personal income tax rebate, the advantages and disadvantages of an S Corp, the IRS tax inflation adjustments for the tax year 2023, and much more. Scott discussed his experience in…

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Acquisitions | Financial Management | Profitability Coaching | Uncategorized

Are Your Business Financials In Order for Exit?
ByBill McDermott August 1, 2022August 1, 2022

Every business owner dreams of selling their business one day for a lot of money then retiring with a home on the beach or traveling the world. However, when it comes to actually selling the business, many business owners don’t follow a unified strategy, leaving them confused and frustrated because they realize running a business…

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Acquisitions | Profitability Coaching | Uncategorized

The Business Owner’s Guide to Achieving Financial Freedom
ByBill McDermott July 11, 2022July 11, 2022

Every business owner has a big dream to sell their business one day and see it continue on successfully. But, when that day comes, we realize that we know how to run a business, but we don’t know how to exit a business. This thought leaves us frustrated, confused, and sometimes overwhelmed. Exiting a business…

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Financial Management | Forecasting and Budgeting | Profitability Coaching | Uncategorized

Your Most Googled Financial Questions Answered: Taxes, Credits, & Deductions
ByBill McDermott June 20, 2022June 20, 2022

Wrapping up our series on your most googled financial questions, we saved a big one for last: taxes. A word that strikes fear in the hearts and minds of many business owners. But, it doesn’t have to. Every business owner has a big dream for their business and wants to make it happen. However, many…

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Growing Your Business | Profitability Coaching | Uncategorized

Everything You Need to Know About Business Formation and Tax Implications
ByBill McDermott November 29, 2021November 29, 2021

When I started my company in April 2009, I didn’t know much about business formation or the tax implications. Thank goodness I had a good friend and CPA who sat me down and told me everything I needed to know. If you’re starting a business, a CPA you know and trust is one person that should…

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Financial Management | Profitability Coaching | Uncategorized

3 Things You Need to Know to Potentially Lower Your Tax Liability
ByBill McDermott November 8, 2021November 8, 2021

I have several clients that either work in or support the construction industry. This is one industry that has taken off post-Covid and there doesn’t seem to be any slowdown in sight. More revenue means more taxes and several of these clients are looking at their taxable income and how they might be able to…

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Financial Management | Growing Your Business | Profitability Coaching | Uncategorized

The Devil is in the Details…of Accounting
ByBill McDermott November 1, 2021December 10, 2021

As a business owner, we sometimes don’t know what we should be paying attention to in our financials. It becomes even more frustrating when our accounting is not tracked properly and we’re not sure whether the decisions we’re making are helping or hurting. One of the biggest weaknesses in a growing business is accounting. Accounting is…

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Profitability Coaching

Why You Should Consider Hiring a Part-Time CFO
ByBill McDermott October 30, 2015January 14, 2021

Two things have become increasingly apparent to me. If you’re a big company, you have good access to capital and can find the funding needed to finance your business. Small companies don’t have that access to capital and finding funding is difficult. Here’s why:

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