TaxFitness has partnered with The Balanced Firm created by Amanda Gascoigne as a supportive network for small and solo accounting practice owners. The Balanced Firm aims to help practice owners achieve balance, fulfillment, and success. The community provides a space to connect, share experiences, and find practical strategies to build a better practice and a…
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TaxFitness has partnered with Amanda Gascoigne (Accounting practice coach & consultant). We are excited about the opportunity to access Amanda’s training courses and practice management resources. Amanda helps small and solo accounting practice owners have better practices and lives. She supports practices with turnover from $0 – $1.5 million looking for a healthy balance of…
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Performance-based pay isn’t just a compensation strategy – it’s a game changer. By linking rewards directly to measurable results, you can drive sales, boost productivity, and trim wage costs. Here’s a streamlined guide to implementing a performance-based pay system that transforms your workforce into a revenue engine: Define clear objectives: Align your pay system with…
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In today’s digital marketplace, Google reviews are a powerful tool. They build trust, enhance visibility, and drive sales. Here’s how to spark a flood of positive reviews: Deliver an exceptional experience Focus on creating memorable customer interactions. A standout experience naturally inspires customers to share their positive stories online. Ask and make it easy Train…
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Struggling to scale your HVAC business? Wondering what separates high-performing businesses from the rest? The top 20% of air conditioning, refrigeration, and heating businesses consistently hit elite-level benchmarks that drive growth, profitability, and customer loyalty. Here’s what industry leaders are doing right Key performance benchmarks (top 20%) Net profit margin: 10% – 15% COGS:…
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Most entrepreneurs plan for growth, but what happens if you’re suddenly unable to run your business? If you don’t have a Business Will, your company could face chaos, legal battles, or even forced liquidation. Don’t leave your legacy to chance! What Is a Business Will? A Business Will is a legally documented plan that outlines…
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The best cosmetic injectables clinics don’t just survive—they thrive with higher revenue, strong client retention, and premium pricing strategies. Are you hitting these benchmarks? $1.2M+ annual revenue (only 5-10% of clinics exceed $2M!) $300 – $1,000 per client per visit 20%+ revenue growth year-over-year 60% – 80% client retention rate (repeat business is key!) 20%…
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The highest-performing accounting practices aren’t just profitable—they dominate the industry with smarter pricing, stronger client retention, and efficient operations. Are you hitting these benchmarks? 40-50% net profit margin $200K+ revenue per employee $1M+ revenue per partner 10-20% annual revenue growth $350-$500+ hourly rate for senior staff 95%+ client retention (client satisfaction = loyalty) 80-90% of…
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Stay informed about our software and resource upgrades over the last 12 months: November 2024: HECS debt repayment calculations. Primary production averaging calculations. Medicare levy surcharge calculations. DIV 293 tax calculations. Reports now include detailed tax calculations for individuals. September 2024 Ability to simplify our reports by omitting sections. August 2024 New annual premium subscription…
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Negotiate your mortgage every quarter. It’s a great way to save money on monthly payments and overall interest costs. Here’s why and how: Why Negotiate? Potential Savings: Even a small decrease in your interest rate can add up to significant savings over the life of your loan. Improved Cash Flow: Lower monthly payments can free…
Read More »"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2