15% is a recommended starting point but the exact percentages need to be assessed for each business based on their individual circumstances. For example are you Sales Tax (GST, HST, PST) registered and do you have a separate account for Sales Tax? We can help you work out the percentages for your business.
Yes
Yes you can do it yourself, but just like having a personal trainer, a Profit First Professional keeps you accountable, they are there to ask questions, to help you overcome problems and guide your business growth and profitability.
Prices vary based on your unique situation and a custom review and proposal will need to be completed to suit your business and your exact needs at the time. We offer services that range from full CFO down to just accountability check-ins.
That’s up to you. We can help you with as little or much as you need.
Yes by implementing Profit First, it will assist you in growing your business. By closely monitoring how you are spending your money and knowing what money you can spend, you will be forced to make wiser spending choices and get creative in how to get the same result for less money. By working with us as a Profit First Professional, we can help you with strategies to grow your business.
Yes as a Profit First Professional we help you work out the percentages for your business based on your current and previous performance. We will then work with you to improve your business moving forward.
After Profit First, not having enough money to pay tax will be a thing of the past. Profit First is perfect for ensuring that you have enough funds available to meet your tax obligations.
Absolutely, Profit First is aimed at improving cash flow, reducing expenses and improving profitability. By doing your allocations twice a month, in time you will see the trends of your cash flow which will help you plan ahead.
By working with a Profit First Professional we can guide you on the best way to change your current processes in order to meet the target percentages. Some clients choose to ease into Profit First by starting with just 2 or 3 accounts, based on their biggest pain points for example taxes or owners pay.