About Us

Here’s the quick and dirty about Taxwright™

We specialize in working with artisan and professional businesses—businesses like yours: therapists, home service providers, real estate agents, travel agents, remodelers, doctors and lawyers just to name a few. The connecting idea is that you have an idea, a dream or a special skill that you want to use to make income, but you don’t have a business background. How do you make that work?

Taxwright™ can provide your business background:

• Accounting
• Taxes
• Payroll

Accounting

There are automated systems out there that minimize the amount of time you must spend recording and tabulating business activity. We call that activity bookkeeping, and frankly, it’s boring. Unfortunately, it’s also necessary—absolutely necessary—if you have a business.

So, using bank feeds, smartphone pics of receipts and email copies of invoices we get your bookkeeping done with little more than a few minutes a day reviewing transactions. Bookkeeping done and dusted.

Then, regular reviews of those past transactions allow you to understand what’s going on in your business and what you need to do to make it grow and prosper. This is the real purpose of accounting—to let you know what to do next.

And the purpose of Taxwright™ is to give you time to do it. Time you don’t have to waste on bookkeeping.

Taxes

Here’s the thing, you have to pay your taxes. That’s one of the reasons you must keep track of your business finances.

Well, if you’re using an effective accounting system, your tax filings are easy-peasy.

Your continual analysis of your business assures that you know how much you will have to pay. Using your accounting system to put aside the money assures you can pay the taxes. And the regular tabulation makes preparing the actual return a snap.

And then, your personal tax returns become much easier as well. Tax reform has made business income much easier to report, and actually has a positive impact on your personal return. Of course, you have to know how to make the most out of it. That’s where Taxwright™ shines.

Other tax issues are also in our wheelhouse. From property taxes to sales taxes we can make sure you are on top of the filings and reports you are required to make.

Payroll

Once your business grows to include employees (and that’s only if you want it to), the question of payroll comes up. Taxwright™ is not a payroll company. But we do handle payroll for some clients as a convenience to them. You know, sort of a one stop shop.

However, we are always working with clients to be sure that’s their best option. And when using a payroll service makes sense, we can offer several referrals to make sure you get hooked up with the choice that fits you best.

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Well, that’s the nuts and bolts part of the business end of your art or special skill. But there’s more to business than that. In fact, what I’ve just described is the easy part of it.

What’s harder, and more important, is the soft and squishy part. Knowledge, wisdom and the ability to apply both of those to your business decisions is what makes success. And most of that knowledge and wisdom has nothing to do with your particular specialty.

At Taxwright™ we want you understand that profit is the goal of every business. It is the reason for being in business. It makes possible business growth and stability. It creates wealth for the owner. It eliminates debt.

Profit cannot be created by borrowing or by cash flow tricks. It is created the old-fashioned way—by bringing in more money than you spend to operate the business.

What I’ve described above is, as I said before, just the nuts and bolts. What makes profit is the blueprint of the business and how it is put together. And that’s what Profit Works is about.

You may often hear the phrase “Working on your business, not in your business.” Maybe you haven’t really thought about what that means. Here’s a thumbnail explanation. Working in your business is doing a better job repairing plumbing or improving your brush technique for portraits. It’s seeing more clients, completing more remodeling jobs or teaching more classes.  It’s the things you do to produce what you sell. Working on your business is finding more ways to attract customers, improving your delivery times, or finding new products or services to sell.

Unfortunately, small business owners often put off the “working on” because they have so much “working in” to do. You see the direct impact of cash coming in due to time spent “working in.” It’s harder to see the benefit of “working on.” And, besides, since the job you are “working in” is your passion, time spent there is much more fun.

I can tell you this, the time you spend “working on” will pay far more benefits than the time you spend “working in” your business. Really. Growth, increased profits and additional wealth only come from the time you spend “working on” the business.