danielbreez

Tax instalments can be confusing, but we’ve broken them down. Know when they’re required, how to calculate the amount, and what happens if you don’t pay.

This post is one to SAVE so you can refer back when you need it most.

Have questions? Drop them below or DM us for personalized advice!

That rare feeling of calm when it’s time to pay your HST and the cash is ready to go. No panic, no scramble—just solid planning. 💸 Want to experience this too? Message ‘Profit First’ and I’ll show you how!

I have just registered for Accountex Canada - November 5 & 6, 2024 at the MTCC. Come and join me! https://invt.io/1ixbru248l5

✨ Profit First: A Game-Changer for Coaching Business Owners ✨

Are you a coaching business owner looking to revolutionize your financial strategy? The Profit First methodology might just be the key! Here's how you can transform your business:

1️⃣ Set Up Multiple Bank Accounts: Create accounts for Profit, Owner's Pay, Taxes, and Operating Expenses (OPEX).

2️⃣ Allocate Funds Based on Percentages: As money comes in, distribute it based on predetermined percentages. This ensures profit is always taken care of first.

3️⃣ Make Profit a Habit: By taking profit first, you're building a sustainable business.

🔹 Customizations for Coaches:

- Coaches' Pay Account: Set aside around 15% for coaches' pay.
- Commissions Account: Keep commissions separate for clarity.
- Sales Tax: Set aside sales taxes immediately.
- Real Revenue: After allocations, what's left is your real revenue for profit, pay, taxes, and expenses.

Benefits:
- Predictable Cash Flow: No more financial surprises.
- Increased Profitability: Your business grows profitably.
- Better Financial Management: Always on top of your finances.

🔑 Final Thoughts: Imagine never worrying about paying yourself again because your business is set up to pay you first!

🔗 Interested in diving deeper? Check out Profit First by Mike Michalowicz.

📩 Need a consultation? DM me to set up a time!

🔍 Struggling with setup? DM me for a quick guide!

🌟 Maximize Your Revenue as 2023 Wraps Up! 🌟

📈 With 2023 nearing its end, it’s not too late to boost your fitness business’s revenue. Remember, it’s not about cutting prices. Elevating the value of your services is key to attracting and retaining clients.

🎁 Key Strategies for Revenue Growth:

Retail Success Post-Black Friday: Continue the momentum from Black Friday with ongoing retail sales. Branded apparel like shirts and hoodies not only bring in revenue but also act as excellent promotional tools.

Gift Certificates for Wellness: Perfect for the holiday season, offer gift certificates for group training or personal training sessions. They make thoughtful gifts and are a great way to introduce new clients to your services.

January Promotions: Keep the excitement alive for the New Year. Encourage clients to book in advance for services like personal training, nutrition coaching, or specialty classes, ensuring they get the slots they prefer.

Happy Holidays & see you in the New Year!

💡 Navigating a Recession: Expert Insights from an Accountant! 💼🌍

Let's dive into a crucial topic that's on everyone's minds: surviving a recession. 📉🌪️

Here are 4 tips to help you weather the storm and come out stronger:

Emergency Fund Shield: Just like a shield in battle, your emergency fund is your lifeline during tough times. Save up 3-6 months' worth of living expenses. It's your financial safety net when unexpected challenges arise. 💰⚡

Budget Warrior Mode: Trim those non-essential expenses like a fitness buff shedding extra pounds! Review your spending habits, cut unnecessary costs, and prioritize essentials. Your wallet will thank you. 💪💸

Debt Dumbbells Down: Attack high-interest debts with the ferocity of a high-intensity workout! Focus on clearing debts strategically, starting with the ones that drain your resources the most. 🏋️‍♀️📉

Investment Armor: Just as you'd invest in your health, diversify your investments to protect your financial well-being. Seek expert advice from professionals who understand the market's ups and downs. 📈🛡️

Remember, a recession isn't about surviving—it's about thriving through resilience and strategic moves. By applying these tips, you're not just enduring but emerging stronger on the other side! 🚀

Share these tips with your circle and let's conquer the recession together. Tag a friend who needs to see this! 👇📣

💥 Are You Ready to Get Financially Fit with Measured Growth CPA? 💥

You wouldn't hit the gym without a plan, so why treat your finances any differently?

🏋️‍♂️ Here's Your Financial Workout Plan:
1. Warm-Up: Send over your financial info (quicker than a set of jumping jacks).
2. Strength Training: We'll turn it into an unbreakable financial fortress.
3. Recovery: Just one 15-min check-in per month to keep things running smoothly.

🔥 Your Gains? Financial confidence, control, and the freedom to focus on what you love – your business.

Stop Struggling with Receipt Chaos. Start winning with Measured Growth CPA. You wouldn't tackle fitness without a coach, so why face your finances alone? We're here, ready to be your dedicated financial trainer.

Click the link in our bio NOW and take control of your financial fitness journey. Your future self will thank you.

💰🌱 Money Talk: It's Not Just About Earning, It's About Keeping

Ever heard the saying: 'It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for'? 🧐 Wise words that hit differently, right?

In a world where it's easy to get caught up in the hustle, this quote drops a truth bomb: it's not just about stacking cash, but about making it work FOR you. 💼🚀

Let's embark on a journey to not only earn but to preserve, to not just thrive today but to sow seeds of abundance for the future.

📈 At Measured Growth, our philosophy embraces a holistic approach to your business's financial well-being. Just as achieving physical wellness requires the perfect balance of training and nourishment, your business thrives with the right financial strategies. 🏋️‍♂️💰

Let us step into the role of your financial fitness coach, steering you towards a fortified, profitable, and thriving business that's in the best shape ever. 🚀💼 Your financial goals are our mission! 🌟📊

Send us a message today, or click the link in our bio!

🏋️‍♂️ Bookkeeping is your financial, personal training, keeping your business in peak fiscal shape. It's about discipline, structure, and regular financial workouts.

🥗 Profit First is the nutrition plan for your business. It's the essential nourishment that ensures your financial health thrives, with strategic planning and prioritizing profitability.

📈 At Measured Growth, we believe in a holistic approach to your business's financial fitness. Just like in physical wellness, you need both the training and the right nutrition. Let us be your financial fitness coach, guiding you to a strong, profitable, and healthy business.

📞 Ready to get financially fit? Contact us today!

📣 Attention Business Owners! 📣

Ever thought about asking your accountant to pay for your personal bills through your business? Think twice! 🚫

🔍 Here's why:

1️⃣ Integrity Matters: Mixing personal and business expenses muddies the waters. Keep them separate to maintain transparency and trustworthiness in your financial records.

2️⃣ Tax Implications: Personal expenses aren't tax-deductible. Blurring the lines can lead to incorrect tax filings and potential penalties.

3️⃣ Audit Red Flags: Frequent personal transactions can raise eyebrows during tax audits. Avoid unnecessary scrutiny by keeping business strictly business.

4️⃣ Clear Financial Picture: To make informed business decisions, you need accurate financial data. Personal expenses can distort your company's true financial health.

Remember, your business account isn't a personal piggy bank. Treat it with the respect it deserves, and it'll serve you well in the long run. 💼✨