For over a dozen years,
NSPG has been providing the tools that allow contractors to
increase profits and minimize business hassles. With our
simple-to-use-tools, you can make being a business owner
what you always wanted to it be -
successful, profitable and rewarding.
As another year comes to an end, we will take a break
from our ongoing business discussions to celebrate the
season. Our
advertising series will
continue next month.
In this issue, we will review a few of the traditional
items that we all need to consider as we wrap up another
business year. These include last minute tax and
business considerations like moving any planned
purchases into this year to take advantage of the tax
benefits right away.
Everyone here at NSPG would like to wish you all a
Merry
Christmas and Happy New Year.
Year
End Business Tax Tips
-
 Retirement Plan: Make your
contributions to your retirement plan. If you
don't have one, set one up and fund it. This will
not only provide for your future, but could reduce your
tax bill for the year. Catch up contributions
allow just about anyone over 50 to increase their
retirement savings, so be sure to check how much you
can save.
-
Do It Now: If you need a
new piece of equipment or new Price Books, get them now.
As a business expense, they can reduce your tax bill,
and you get the added
 benefit of working more
efficiently now. If you have business expenses
that will come due in early January, pay them in
December to accelerate the deduction into this
year's taxes.
-
Donate Now: If your
business is not a C corporation, any donations you make
now will probably reduce this year's tax bill.
-
Plan Ahead: Review your
numbers with your accountant, and get things in
order for a fresh start next year. While most
accountants know little about the details of your
business, they should know how best to set up you
financial plans to meet your profit and growth
goals.
-
 Crunch
Your Numbers: You have another year's worth
of financial information that you can summarize in
Numbers Cruncher. Do a quick update of your
numbers, and you'll be ready to confidently start
the new year knowing that your prices are where you
need them to be. If you have the latest
version of Numbers Cruncher, now is the time to take
advantage of the new flexibility to make the numbers
match your business.
The cost of
your Numbers Cruncher software purchase before the end
of the year is probably tax
deductible for your business so you can accomplish items
2,4, and 5. You can save money on the software
purchase, and make a good start in the new year with
accurate, profitable prices.
Be sure to
consult your financial advisers before implementing any
of these money saving ideas to be sure they apply to
your specific circumstances.
Christmas and the Trades
Here's a little e-book that we have highlighted in the
past that may have a lesson for many
members of the trades. Could it be a fairy tale
that warns against Going Broke
with the Going Rate?
The Plumber and the Wishing Well
A plumber doesn't have enough
money for his children's Christmas presents. His friend, Tupo, discovers a secret wishing well. The wishing well had broken down
so it can't grant them their Christmas wishes. Tupo tells them they need a plumber to repair it.
When the plumber arrives to do the
job, the little people offer to pay him lots of money
that he could use for his children's presents. He is
very good at fixing broken pipes and leaking taps but
can he repair a wishing well? If he can, everyone,
including his children, are going to get their Christmas
presents and have their best Christmas ever.
We found the e-book
listed
here for a 25% discount.
Measure Monthly, Adjust Quarterly
& Achieve Annual Profit Goals
On-Line
Resources
Heating Help Forum
A Christmas Present
Connecticut PHCC has the Christmas spirit.
A Day in the Life of an Electrician
A gift for the special woman in your life.
Some e-mail
providers consider any e-mail message from an e-mail
address not in your address book as "unwanted"
or "spam." To continue
receiving your NSPG Newsletter in your inbox, please add
plumber@nspgweb.com to your address book now.
For detailed instructions,
click here.
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In This Issue |
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Phone 800 841-8542
Magnetic Calendar
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Freebie of
the Month
The freebie of the month is a web site or
product that we feel gives you some-thing worth looking
at or using that costs you nothing.
There are many free weather sites on the web. Most
of them include fancy graphics and thousands of ads.
An alternative to these commercial sites is a site that
you already pay for, so there are no ads.
The NOAA web site
provides detailed weather forecasts and radar
information for just about anywhere in the USA.
They provide detailed seven day forecasts in a quick to
download and read text format. This is traditional
weather forecasting without the clutter of other weather
sites.
The
NOAA
site includes
actual local weather readings in many locations plus a
weather history for the area.
NOAA also provides
information on many other weather, climate, and ocean
issues on the site.
NOAA is supported by your tax dollars, so you might as
well get something for your money. Take a look.
It's a very useful free site that really works well.
If you have
a favorite Free site, let us know.
nspginfo@nspgweb.com
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