Mat Sorensen and I broke down EXACTLY how much you need in your retirement account by your age! We also gave advice for anyone who might be starting at ZERO and needs to jumpstart their retirement account. Check out the latest episode of the Main Street Business Podcast! Link in bio. #retirement #IRA #401k #saving #money #finance #businness #cpa #fyp
Hiring an employee? Be sure to charge at least 3X their salary for their services! 🫰 Whatever your gross revenue is, you want to allocate… 💵 ⅓ Labor 💵 ⅓ Overhead 💵 ⅓ Profit Aim for a 30-33% profit margin and have an employee agreement and payroll procedure in place. You should seriously consider a comprehensive training program for employees as well. #employee #labor #charge #services #profit #agreement #payroll #business #fyp
You NEED to use this strategy to avoid paying capital gains tax! 👇 Using the Roth IRA or Roth 401k is one of the simplest strategies to avoiding any capital gains tax! The best part, you don't have to strictly invest in Wall Street, you can use your Roth to invest in what you know! Check out my other 10 strategies on YouTube. Link in bio! #Roth #IRA #401k #taxes #capitalgain #cpa #fyp
State Law overrides any agreement you've made with an employee! The state is there to protect employees from bad actors, meaning you owe your employees overtime pay EVEN if they agreed to not receiving it. I exposed 10 business mistakes I've made over my career. Check them out on YouTube! Link in bio. Don't make this costly mistake! #overtime #business #mistake #employee #cpa #fyp