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Ed Rempel is a CPA and a fee-based financial planner who writes and is frequently quoted on investment issues and trends. Registered investment advisors like Rempel have a fiduciary responsibility to act in their clients’ best interests and accept no compensation based on product sales. It is very risky to bet your entire future on it.
Several years ago I had Greg Crabtree, a CPA and author of Simple Numbers, on this show and he implied that if a business was not showing at least a 10% profit after all expenses, including the expense of paying the owner a competitive salary, the business was in trouble. The making of profit gets a bad rap for a couple of other reasons too.
Do nonprofits pay taxes on dividends? Many states require nonprofits to pay sales taxes on items they purchased and to charge sales taxes on the items they sell. The state laws where your organization is chartered outline the rules for sales and property taxes. Do nonprofits pay taxes on capital gains on donations?
If today you are a content site that is only focused on measuring content consumed try to go deeper to understanding CPA of the ads or Visitor Loyalty. They are not very hard to do, and they'll pay outsized dividends. Consider doing quarterly analysis that focuses on calculating customer lifetime value. Up a notch. No sirree bob!
This is important because it means you should be tracking your sales and profitability all year long, and determining that your business has extra cash to spend as early in the year as possible, so you can plan for how to spend it in the most tax-efficient way possible. This would be dividend. I’m excited to be here.
Professionally, I am a Certified Public Accountant (CPA), may also be called a Chartered Accountant (CA) on your side of the globe, a Finance Charter-holder and a Certified Financial Planner. Not to mention the quarter million dollar sale of the business as our exit. English is my fourth of five tongues.
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