Notice: Constant LLA_PLUGIN_URL already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 18
Notice: Constant LLA_PLUGIN_DIR already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 19
Notice: Constant LLA_PLUGIN_FILE already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 20
Notice: Constant LLA_PLUGIN_BASENAME already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 21
Notice: Constant LLA_DIRECT_ADDR already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 26
Notice: Constant LLA_PROXY_ADDR already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 27
Notice: Constant LLA_LOCKOUT_NOTIFY_ALLOWED already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 30 admin – Camuso CPASkip to main contentSkip to search
One of the most important steps in maintaining a tax strategy is protecting your bottom-line.
This means implementing and maintaining a system that provides proper documentation to ensure the accuracy of the information you provide your CPA for tax reporting.
This will enable you to protect your tax savings and avoid unnecessary penalties and interest.
This will also help to maximize your tax deductions by ensuring no transactions are overlooked.
Are you maintaining a proper documentation and accounting system?
Set up a time to speak directly with me here to get your tax planning accounting process in order:
In the early stages for investors and businesses cash flow is often one of the more challenging aspects to manage as you are building your reputation and pipeline.
As a result, investing in a properly designed and implemented tax plan often gets deferred to the future.
The problem is that all too often this temporary postponement turns permanent.
I go over this in detail in the video below.
There is a lot that goes into managing a business and often taxes are left as an afterthought when it comes to file each tax season.
As your continue to grow your eCommerce business any overlooked tax opportunities grow in size along with your business.
The best part is, increasing your tax savings immediately improves your cash flow.
Do not neglect you tax plan at the cost of your business and finances.
Schedule a one-on-one consultation at the link below:
The fear of a tax audit can make people do funny things.
I’ve seen people give up thousands in legal tax savings to hopefully avoid the possibility of an audit.
Many times at the advice of their CPA!
I go over this in the video below.
I regularly have clients tell me their prior tax adviser told them not to take a particular deduction because the deduction wasn’t worth the audit risk.
Then there’s the other side who take deductions they are unsure of and hope they don’t get audited.
Working with an CPA on tax planning will ensure that you legally minimize you taxes as much as possible while protecting against and audit.
Tax planning and tax preparation are two separate activities despite what many business owners think.
Building a dedicated tax plan is foundational to any serious wealth strategy whether you are an investor or business owner.
Contact our team today to build a comprehensive tax plan.
If you are not proactive and wait until after tax season you will be too late.
Do not send Uncle Sam a tip this year when you file your taxes!
Schedule a one-on-one consultation at the link below:
It is key to have an accounting system that accurately tracks cost of goods sold per product and per sales channel basis.
Average Order Value
Your average order value (AOV) is the average amount of money each of your customers spends per order.
Your Average Order Value Is
Sales/Total Number of Sales
The Average Order Value multiplied by your Gross Margin Rate show your average margin per order.
This will drive your marketing decisions since this will show how much you can afford to spend on new customers to keep their first order profitable.
Customer Lifetime Value
Customer Lifetime Value it is how much the buyers contribute to your business from the first order they place to the last.
The more valuable your customers are over the course of their relationship with your brand, the higher your return on investments made in advertising and customer acquisition.
At Camuso CPA, we partner with your company to not only handle your basic accounting but to provide ACTIONABLE and PROACTIVE financial insights that improve your business and increase your profits.
If you’re ready to take the next step in scaling your eCommerce business, book your 1-on-1 meeting with me TODAY!
Founder Jody Sherman was able to get $1 million in startup funding.
Unfortunately, he was not an CPA or CFO and, in fact, did not even hire a controller until 2011.
While revenues were solid and growing, the cost of getting those revenues meant the company was losing money.
When an additional $12 million was needed to turn around and scale, investors walked away – they were getting no return on their investments.
In 2013, the company went into bankruptcy.
According to the company’s controller, the company’s aggressive discount culture and Sherman’s lack of financial knowledge dwindled away the company’s account to nothing.
This is why gross profit margin is critical because it immediately gives you an overview of how your current revenue is impacting the rest of your business, and whether it is doing so at a profit or a loss.
This is one of many key financial metrics you should be constantly monitoring and improving.
This has a far-reaching impact on your strategic and tactical options for how to run your business.
Yes, revenue matters but it is not what you make that matters it is what you keep.
We’re here to partner with you to take your company to the next level!
If you’re ready to take the next step, book your 1-on-1 meeting with me TODAY!
Gross profit margin is a key metric for eCommerce business owners to manage.
Do you know your gross profit margin per product, sales channel and customer?
This can make or break your business.
Unfortunately, I know most of you will not have these key KPI’s integrated into your accounting and financial system.
Gross profit margin is critical because it immediately gives you an overview of how your current revenue is impacting the rest of your business, and whether it is doing so at a profit or a loss.
This has a far-reaching impact on your strategic and tactical options for how to run your business.
Yes, revenue matters but it is not what you make that matters it is what you keep.
Gross margin should not be confused with net margin which includes your overhead costs.
Gross margin tells you whether your e-commerce store is making a profit on each product that you sell.
Now, if you make a gross profit on each product, but you have a negative net profit, that means that the overhead and marketing costs are too high.
That also means that if you scale your revenue and your customer base, your overhead costs would grow less and you would grow into profitability.
What does it matter to have a business doing $1M, $5M or $10M if you have razor thin profit margins?
If you’re ready to take the next step in scaling your eCommerce business, book your 1-on-1 meeting with me TODAY!
Is your financial. data detailed, clear, and actionable?
If the answer is no, this is a serious problem.
At Camuso CPA, we partner with your company to not only handle your basic accounting but to provide ACTIONABLE and PROACTIVE financial insights that improve your business and increase your profits.
If you’re ready to take the next step in scaling your eCommerce business, book your 1-on-1 meeting with me TODAY!