This is Wayne J. Belisle, CPA's Typepad Profile.
Join Typepad and start following Wayne J. Belisle, CPA's activity
Join Now!
Already a member? Sign In
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
Many wage-earning taxpayers with children believe that their tax-planning opportunities are limited because they are not in business or don’t own rental properties. While they don’t have anywhere near as many options, there are still a number of strategies they... Continue reading
Posted yesterday at Small Business Profit Maximizer!
Do you have a plan for dealing with all the new taxes affecting business owners in 2018? Failing to meet with your tax advisor can result in you paying much more in taxes than legally required. I had a client... Continue reading
Posted 5 days ago at Small Business Profit Maximizer!
The new tax reform law passed in December of 2017, known as 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... Continue reading
Posted Nov 5, 2019 at Small Business Profit Maximizer!
On December 22, 2017, the largest tax bill since 1986 was signed into law. The Tax Cuts and Jobs Act (TCJA) made many changes to business taxes. First, let’s start with those items that were eliminated for 2017. Business Tax... Continue reading
Posted Nov 4, 2019 at Small Business Profit Maximizer!
Year-end tax planning has always been one of the few guarantees a business owner will ever get. I just completed a tax plan that will reduce someone's 2018 tax bill by $64,495. And this isn’t a one-time occurrence—in the past... Continue reading
Posted Nov 1, 2019 at Small Business Profit Maximizer!
Reducing your income tax expenses is a key component of profit maximizing. Remember your bottom line is your profit after income taxes. Unfortunately, very few business owners do anything to reduce their income tax bill. Most business owners assume that... Continue reading
Posted Oct 31, 2019 at Small Business Profit Maximizer!
The most valuable resource in any business is the business owner’s time. It is the one thing you cannot buy more of. That is why there are so many time management books (typing “time management” in Amazon.com returned 125,733 results).... Continue reading
Posted Oct 28, 2019 at Small Business Profit Maximizer!
I am often asked, “What is the one thing that successful business owners do that makes them succeed?” Wow! This is a question that I always have trouble answering. Because usually there is not just one thing they do differently.... Continue reading
Posted Oct 25, 2019 at Small Business Profit Maximizer!
Offering credit terms increases sales, but this inevitably leads to some clients who don’t pay their bill. This is especially true in this economy. Be sure to write off any bad business debts you can’t recover. To qualify for any... Continue reading
Posted Oct 24, 2019 at Small Business Profit Maximizer!
What do you do if you receive a letter from the IRS that states that you under reported your business income. Once you have finished panicking, watch this video and call your tax professional to help you answer the letter.... Continue reading
Posted Oct 23, 2019 at Small Business Profit Maximizer!
In today’s market the consumer is now king. They can check out your firm in advance of contacting you. They then can tell all their friends, relatives, and co-workers using social media exactly what they discover in a much more... Continue reading
Posted Oct 22, 2019 at Small Business Profit Maximizer!
Entrepreneurs are sometimes lulled into winging it, managing by the seat of their pants, and flying blind. They forget about staying on top of the “performance numbers” that are important indicators of their business’s health. They don’t look for feedback... Continue reading
Posted Oct 16, 2019 at Small Business Profit Maximizer!
In this video I discuss why it is so important for the business owner to keep track of their business auto use and how much this can cost you. Before you do anything else, why not join The Profit Maximizer... Continue reading
Posted Oct 11, 2019 at Small Business Profit Maximizer!
This is a common question that every business owner asks at one time or another. The answer is simple: Your business is worth what someone thinks it is worth! Yes, I know, that’s very simplistic. But at the end of... Continue reading
Posted Oct 10, 2019 at Small Business Profit Maximizer!
In this video I answer a question that I am asked at least a dozen times a year--How long am I required to keep my tax records? Before you do anything else, why not join The Profit Maximizer Club on... Continue reading
Posted Oct 9, 2019 at Small Business Profit Maximizer!
In today’s market the consumer is now king. They can check out your firm in advance of contacting you. They then can tell all their friends, relatives, and co-workers using social media exactly what they discover in a much more... Continue reading
Posted Oct 8, 2019 at Small Business Profit Maximizer!
Every business experiences a time where they need new customers but just don’t have the advertising budget. In this video I cover the four things that you can do. Before you do anything else, why not join The Profit Maximizer... Continue reading
Posted Oct 7, 2019 at Small Business Profit Maximizer!
In this video we discuss why roughly 85-90% of small business corporations electing to file as an S-Corp and how are LLC's taxed. Before you do anything else, why not join The Profit Maximizer Club on FaceBook. This community is... Continue reading
Posted Oct 4, 2019 at Small Business Profit Maximizer!
The myth most business owners believe: Too often I hear business owners express how well their business is doing by how much their sales are growing. When I probe, I find that all their marketing and sales efforts are focused... Continue reading
Posted Oct 3, 2019 at Small Business Profit Maximizer!
Business is all about people. Selling to prospects, creating support networks, and motivating employees are vital to your success. This is the work most business owners enjoy and concentrate on. They figure they can just turn the money matters over... Continue reading
Posted Oct 1, 2019 at Small Business Profit Maximizer!
When you first start a business you are both the president and the janitor. As long as you are doing most of the work, management is easy. Once the business grows to a point where you can’t do it all... Continue reading
Posted Sep 30, 2019 at Small Business Profit Maximizer!
If you’re a business owner, you know how much you rely on your family’s support. Your spouse is probably already helping you in your business. In this video I cover why officially putting them on the company’s payroll has many... Continue reading
Posted Sep 25, 2019 at Small Business Profit Maximizer!
Creating product tiers is one of the easiest ways to increase sales from your current customers. All it requires is that you design more elite versions of your current products. You and your customers are already used to this. We... Continue reading
Posted Sep 24, 2019 at Small Business Profit Maximizer!
Just about every marketing book stresses the importance of having a successful “unique selling proposition” (USP). This is often called a unique selling point, unique selling position, or even a unique selling product. But many times they fail to follow... Continue reading
Posted Sep 23, 2019 at Small Business Profit Maximizer!
If you want to grow a business it must become scalable. That means you will need to hire a team of people that you can depend on so that you can concentrate on the important work of growing your sales,... Continue reading
Posted Sep 20, 2019 at Small Business Profit Maximizer!