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Wayne J. Belisle, CPA
El Paso, TX
I own a local CPA firm, have been married for 30 years and have three great kids.
Interests: reading, losing at video games to my kids, fan of hockey, redsox fan, small business advocate, dallas cowboy fan
Recent Activity
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You likely have heard the saying “Sales is for vanity, profit is for sanity, and cash is king! This highlights the main reason for the change. Too many business owners fixate on their company sales. When I ask them how... Continue reading
Posted yesterday at Small Business Profit Maximizer!
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Even though we were just selected as one of the top 25 Best Accounting Blogs by Accounting Degree Review (https://www.accounting-degree.org/top-accounting-blogs/) it is time to change the focus of this blog. The name of the blog has changed from Small Business... Continue reading
Posted 3 days ago at Small Business Profit Maximizer!
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The new 20% Qualified Business Income Deduction (20% QBID) is a HUGE tax break for most small business owners. In fact, this may be the biggest tax break to come down from Washington that mainly applies to small businesses in... Continue reading
Posted Mar 5, 2018 at Small Business Profit Maximizer!
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The new tax reform law passed in December of 2017 (the “Tax Cuts and Jobs Act” or TCJA) is the biggest overhaul of the federal income tax code since 1986. It will have huge effects on business owners in 2018... Continue reading
Posted Mar 2, 2018 at Small Business Profit Maximizer!
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The new tax reform law passed in December of 2017 (the "Tax Cuts and Jobs Act” or TCJA) is the biggest overhaul of the federal income tax code since 1986. It will have huge effects on individuals in 2018 and... Continue reading
Posted Mar 1, 2018 at Small Business Profit Maximizer!
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I have been working with and studying small business owners for over 40 years. This has given me the opportunity to discover why some business owners are highly successful and why others fail or are continually struggling. Even with businesses... Continue reading
Posted Feb 27, 2018 at Small Business Profit Maximizer!
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In business, profits aren’t just important; profits are the only thing that counts. Your business profits provide you, the business owner; the ability to attract top talent, eliminate debt, give back to your community, plan for retirement, comfortably support your... Continue reading
Posted Feb 26, 2018 at Small Business Profit Maximizer!
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When I meet with my clients I always ask them, “How is your business going this year?” No matter how they answer, my next question is, “What are you doing differently this year to grow your business profits?” Invariably, business... Continue reading
Posted Feb 25, 2018 at Small Business Profit Maximizer!
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It is always a bit of a challenge with everything going on in your life to keep tax planning in your thoughts throughout the year. The good news is that if you work with an accountant he or she will... Continue reading
Posted Feb 2, 2018 at Small Business Profit Maximizer!
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If you go by the SBA (Small Business Association) definition of a small business being under 500 employees there are 28 million businesses in this category. However, if you look at businesses that just employ one person, a sole owner/employee... Continue reading
Posted Jan 31, 2018 at Small Business Profit Maximizer!
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Working with an accountant is a great way to help proactively and positively plan for your financial future as well as budget on a yearly basis. Too often, individuals see accountants as only necessary for the wealthy or only professionals... Continue reading
Posted Jan 29, 2018 at Small Business Profit Maximizer!
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The vast majority of people only see their accountant once a year, and that is typically between New Years and April when they are turning in their tax documentation for filing. While preparing and filing your taxes is an important... Continue reading
Posted Jan 26, 2018 at Small Business Profit Maximizer!
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Preparing for your annual visit to your accountant for tax season doesn’t have to be a stressful time in your life. In fact, if you have kept organized records, or at least have all your receipts and documentation in one... Continue reading
Posted Jan 24, 2018 at Small Business Profit Maximizer!
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When you are working with an accountant to do your taxes you are really hiring them to complete a service. This means that you have the opportunity, and should take advantage of, the chance to ask at least a few... Continue reading
Posted Jan 22, 2018 at Small Business Profit Maximizer!
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There are a lot of simple ways anyone can incorporate into their daily activities and money management strategies that can add dollars a day to your bank account. While dollars may not seem like much, over the years they can... Continue reading
Posted Jan 19, 2018 at Small Business Profit Maximizer!
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Kids are naturally very interested in money and financial transactions as they apply to getting things they want. This is a terrific teachable moment, and activities and games to do with money are interesting for younger kids with even with... Continue reading
Posted Jan 17, 2018 at Small Business Profit Maximizer!
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Every year a large percentage of people get tax returns. Some get a lot and some just get a little, but what you choose to do with your return may have a big impact over time. Different individuals have different... Continue reading
Posted Jan 15, 2018 at Small Business Profit Maximizer!
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If you have any expenses for businesses not covered by your employer, you may be able to file the IRS Form 2106 that allows you to make these deductions on your taxes. It is important to remember that this form... Continue reading
Posted Jan 12, 2018 at Small Business Profit Maximizer!
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It is never too early to start organizing for tax time. If you have a desk, box or simply a folder full of receipts and tax forms, you can develop easy organizational practices or habits to make your life easier... Continue reading
Posted Jan 10, 2018 at Small Business Profit Maximizer!
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Most New Year’s Resolutions fail by the time February and March approach, if not sooner. If you were to ask all of your friends about their New Year's Resolutions, you would probably find that three seem to occur more often... Continue reading
Posted Jan 8, 2018 at Small Business Profit Maximizer!
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There is a wealth of different money management and basic bookkeeping or accounting apps available online. Some are designed for use for personal finances while some offer more of a business model. Different credit card companies also have handy apps... Continue reading
Posted Jan 5, 2018 at Small Business Profit Maximizer!
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While going back to school is an investment in your future or the future of your children, it isn't always an easy option when it comes to your finances. The good news is that there are some tax breaks that... Continue reading
Posted Jan 3, 2018 at Small Business Profit Maximizer!
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If you are like most people, you have a lot of very good and very well-intended ideas about maximizing your savings and building up an emergency fund for 2018. However, you may also find that at the end of the... Continue reading
Posted Jan 1, 2018 at Small Business Profit Maximizer!
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If you want to expand, you will need to multiply yourself. This will require you to have employees and then delegate work to them. This is one area that very few business owners do effectively. They try, but they soon... Continue reading
Posted Dec 29, 2017 at Small Business Profit Maximizer!
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In my 30+ years working with small business owners, I have found there are two main reasons that a business ends up struggling to survive. The first is a failure to understand that everything the owner hates or is going... Continue reading
Posted Dec 27, 2017 at Small Business Profit Maximizer!