Take A Mid Year Check Up for Your Business. How Were You Doing for the First Six Months of 2010 Versus the First Six Months of 2011??

Every business has to take a mid year check up. Every business should compare their first six months of 2010 (1/1/10-6/30/10) to the same period for 2011. If your revenue is down you have to find out why. If your expenses are up you must investigate the reason.

You may have tax liabilities you didn’t anticipate even though business was down from 2010.  Or you may be paying too many taxes.

Every business’ best practices should include an annual and rolling budget with monthly reports showing actual results to projected. You have to determine your target margin for products or services, and if you have more than one business line you should have a profit and loss statement that lets you drill down into the profitability of your various products and services.

We can also help you with pricing strategies and cost reduction strategies. Let’s both look “under the hood” of your enterprise and see what’s really  going on. We believe mid year is an optimal time to do this so you can make “mid course corrections”.

Call Dr. Blaine at (978) 604-4253 for your mid year check up or email him at patstax@gmail.com.