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Photo by Allef Vinicius on Unsplash

As a small business owner, you probably don’t have enough time to think about what you’re having for dinner let alone what your New Year’s resolution might be. That’s why we’ve created this list of resolutions for busy small business owners like you and then provided you with Financial Gravity-tailored solutions!

New Year’s Resolutions for Small Business Owners

1. Spend more time with my family.

“I am working 12 hours a day. I leave one hour before my kids wake up and usually make it home an hour before they drift off to sleep. Every day, I am torn between providing for my family with a comfortable life and spending quality time with them.”

Financial Gravity Solution: Having a good work/life balance is not only important, it’s imperative. While we can’t flip your flapjacks for you in the morning, we can customize a clear tax reduction plan (better known as our Tax Blueprint®) for you. Paying less in taxes means you’ll have more money to hire a middle manager, thus relieving you of your long work days and allowing you more time to build blanket forts with your kids.

2. Take more vacations.

“I thought being an owner meant I’d have more freedom, time, and money, but I am currently experiencing some growing pangs, aka chaos. Stepping away from my business at this time, even for a few days, isn’t really an option for me, everything would fall apart!”

Financial Gravity Solution: We get it. You built your business with your own two hands. The success you’ve achieved up until now is entirely due to your hard work, can-do attitude, and resilience. But even heroes need a break sometimes. According to this article in Time magazine, 94% of research respondents had MORE energy after coming back from vacation. And in this Inc.com article, vacations have been proven to reduce stress, prevent heart disease, improve productivity and improve sleep patterns. Implement our Tax Blueprint®, and you’ll be able to ship less money off to the IRS and sink more money into your cruise fund.

3. Hire more employees and maybe open up another location.

“My business is experiencing rapid success and I am a bit uncertain about my next step. I don’t really have a lot of time to think about big picture stuff because I am too busy keeping up with the daily ins and outs. I also get discouraged because it feels like the more successful I become, the more taxes I owe. Sometimes I wish I could just go back to my 9-5, when life was much simpler.”

Financial Gravity Solution: You shouldn’t be punished for having a successful business and the tax code (all 70,000+ pages of it) is there to make sure you aren’t! There are plenty of legal, moral, and ethical ways to reduce your tax liability located in that thing, you just need to know where to look! If you choose to implement our Tax Blueprint®, we will develop a strategic tax plan that will reduce your tax liability for years to come. Our experts know and understand the complex rules attached to the laws located within the tax code. Because we let the tax code call the shots, you can be sure that you’re getting unbiased financial advice. You can read more about our “product agnostic” approach to financial advice on this blog post.

Financial Gravity exists so that we can help small business owners (legally) pay less in taxes, increase their profit, and attain greater wealth. If these sound like resolutions your willing to commit to in the coming year, give us a call today. After a simple 15-30 minute no obligation assessment, we’ll determine if we can substantially reduce your tax burden.

Photo by Allef Vinicius on Unsplash

We talk a lot about how we save small and medium-sized business owners money on their personal income taxes, but did you know that we also offer a LOT more than that? Whether you are a Rare, Medium, or Well-done business owner, Financial Gravity exists so that we can help small and medium-sized business owners lower their taxes, increase their profits, and attain greater wealth.Which level of doneness describes your status as a business owner? Are you:

1/ Rare – You’re a complete newb. Before you jump into the frying pan you want to make sure you are perfectly seasoned and marinated. 

What we recommend: Business Blueprint™

Think of the Business Blueprint™ as a recipe for the perfect marinade, an operation manual or roadmap that will help guide you on your entrepreneurial journey. The Business Blueprint™ will help you define a clear vision for your company that you can then share with your employees and “steak”holders. In addition, the Business Blueprint will  answer the following questions:

How do I increase the profitability of my company?

Which of my team members should be held accountable for what?

Is this team member the right person for this task?

2/ Medium – You’re just starting to sizzle. Your business is so hot that you can hardly keep up with demand. Unfortunately, the more money you make, the more taxes you owe.

What we recommend: TaxBlueprint™

You shouldn’t be penalized for being more successful. Though anyone can learn how to make the tax code work in their favor, the tax code is over 70,000 pages long (i.e. boring read.). If you’ve got better things to do than reading that thing (we don’t blame you), you can download John Pollock’s ebook where he busts 10 of the most common tax myths. Or…you can hire a professional to develop a customized tax reduction plan (TaxBlueprint™) for you that will deliver a tax savings of at least 2x the cost (or it’s free).

3/ Well Done– You’ve spent the last few decades building a successful company, but now you’re ready to scale down, cash in some assets, and work on your tan. Before you order a round of margaritas at the golf resort pool, you’ll need to sell your company.

What we recommend: Exit Planning

We help you avoid costly mistakes and keep more of what you’ve earned. Not only will we provide a set of customised strategies for you to use, we also help you implement the recommended strategies. This service is free for Financial Gravity clients who are currently using our Bookkeeping with Purpose™ or enrolled in our Tax Operating System™. 

In addition to helping small and medium-sized business owners lower their taxes, increase their profits, and attain greater wealth, Financial Gravity also provides services such as bookkeeping, estate planning, and tax preparation. 

We saved these customers thousands on their taxes, which means we can do the same for you. 

*Photo by Lukas Budimaier on Unsplash

So what do the IRS and clowns have in common? If you guessed “they are both terrifying!” you’d only be half correct. As a small or medium-sized business owner, taxes are only scary if you don’t have a sound tax saving strategy in place. Clowns, on the other hand, are creepy no matter what. Sorry, Bozo. 

As your business becomes more successful, and your profit increases, your tax liability will also increase (and if you’re easily spooked, you may even notice a spike in nightmares and panic attacks.) As a small business owner, there isn’t anything scarier than taxes.

So how do you mitigate the fear you feel towards the IRS? Strategic Tax Planning.  Like Brian Tracy, once said, “A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power.”

While Financial Gravity can’t help you overcome your fear of clowns or creepy crawlers, we can help you develop a tax savings plan, or Tax Blueprint®, that will allow you to get good night’s rest. Our Tax Blueprint is a tax reduction plan that is customised specifically to you and your business. And the absolute best part about implementing our Tax Blueprint? You’ll never pay more than half of what we save you. The cost of the service will always be less than your total reduction, backed by our 2x savings guarantee.

Let me repeat myself, the amount we save you will ALWAYS be more than what the service costs. 

Whether you’ll be shuffling your kiddos around the neighborhood as they beg for treats, watching a Chucky marathon with your significant other, or running away from a chainsaw-wielding zombie butcher at a haunted house, Financial Gravity hopes your Halloween is filled with WAY more treats than tricks.

Want to read real-life case studies featuring clients who have successfully implemented the Tax Blueprint to reduce their tax liability? 

Photo by Thomas Roberts on Unsplash