End-of-Year Updates Every Auto Shop Owner Should Know
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As the year winds down, it’s time to take stock of some important updates that could impact your auto repair shop. In episode 148 of the Business by the Numbers…
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Forecasting Business Goals for 2025: A Step-By-Step Guide for the Automotive Industry
Setting ambitious yet achievable goals is like tuning up an engine—it ensures everything runs smoothly. For automotive industry entrepreneurs (aka Shop Owners), forecasting long-term business objectives isn’t just a visionary…
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Cash vs. Accrual Accounting for Small Businesses and Automotive Shop Owners
Running an automotive repair shop is no small feat—amid managing inventory, satisfying customers, and growing your business, financial management often becomes an afterthought. But understanding your accounting methods, specifically cash…
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Maximize Your Tax Savings with Smart Retirement Planning
Retirement planning is one of the most effective ways to save on taxes while securing your financial future. As the end of the year approaches, it’s time to evaluate your…
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How to Pay Yourself as an S-Corp Owner: Strategies for Minimizing Tax and Maximizing Profit
Paying yourself as an S-corp owner might seem straightforward—just cut yourself a paycheck, right? In reality, it’s a delicate balancing act that could impact your taxes, savings, and compliance with…
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