What are the 2 significant benefits of donating appreciated stock to charity? TGG Founder & CEO, Matt Garrett tells you what they are and how your charitable contribution can reduce your taxes.
Inflation is increasing. How do you protect your business? TGG Founder & CEO, Matt Garrett shares his three tips for making sure you stay profitable in an inflationary environment.
In light of COVID-19 and the ability for people to work from anywhere, many businesses are relocating to no tax states. TGG Founder & CEO, Matt Garett explains why high tax states, like California, have enacted new laws that you need to know about.
If you’re a small business owner who lost money in 2021 and you have a retirement account, this may be a good time to consider doing a Rollover IRA into a Roth IRA. TGG Founder & CEO, Matt Garrett explains why this strategy may be right for you.
Should you take advantage of the IRS Section 179 deduction for your 2021 taxes? TGG Founder & CEO, Matt Garrett explains the pros and cons of this deduction and what it means for your business.
When as the last time you reviewed your vendor list? TGG Founder & CEO, Matt Garrett explains why reviewing your list regularly could uncover extra cash you didn’t know you had.
Are you using your business credit card rewards for airline purchases? TGG Founder & CEO, Matt Garrett reveals which credit cards are best for your business and how you can use the rewards to boost your profitability.
A customer rewards program can work for any business. TGG Founder & CEO, Matt Garrett breaks down the reasons why creating a rewards program can not only increase customer loyalty, but your overall profitability.
What types of gifts can you give your customers to attract and retain them? TGG Founder & CEO, Matt Garrett shares the 2 key things you need to know about your customers in order to know what to offer them.
Have you considered offering your clients a retention bonus? TGG Founder & CEO, Matt Garrett explains why this offer can incentivize your clients to continue to do business with you.
Have you thought about partnering with similar businesses like yours in order to boost your profitability? TGG Founder & CEO, Matt Garrett shows why this strategy could benefit your business when you combine forces.
Did you know that 35% of the independent contractors in the U.S. have been created in the last 12 months? TGG Founder & CEO, Matt Garrett lays out the top 3 benefits of hiring them for your business.
Are you familiar with the difference between a building improvement and a building expense? TGG Founder & CEO, Matt Garrett explains the difference and the tax benefits that come with owning your own real estate.
If you own real estate, consider increasing your own rent. TGG Founder & CEO, Matt Garrett gives his perspective on why raising rents to fair market value can increase your profitability.
Attention business owners who own real estate! TGG Founder & CEO, Matt Garrett explains why you should be reviewing your tenant lease agreements often to maximize your profit potential.
If you have excess cash sitting in your bank account, you are losing money. TGG Founder & CEO Matt Garrett reveals the best ways to put that excess cash to work for you.
Did you know that you can drive profitability in your business by actually increasing wages? It’s possible. TGG Founder & CEO, Matt Garrett explains why this strategy can help with hiring in a tight labor market.
Did you know that you could actually make more money by allowing your customers to pay later? TGG Founder & CEO, Matt Garrett breaks down how this is possible as a means to boost your profitability.
The Research & Development (R&D) Tax Credit may be claimed by taxpaying businesses that develop, design or improve products, processes, formulas or software. TGG Founder & CEO, Matt Garrett explains why your company could benefit from this tax credit even if you don’t think it will.
The Work Opportunity Tax Credit is a federal government initiative that’s being offered to help increase opportunities for people with specific barriers to employment. TGG Founder & CEO, Matt Garrett breaks down the program and what you need to know in order to take advantage of it for your business.
Reduce the friction of payments by customers with automatic payments. TGG Founder & CEO, Matt Garrett explains why this is the wave of the future and how you can make it work for your business.
Don’t forget about your past leads. TGG Founder & CEO, Matt Garrett explains why revisiting or re-engaging with past leads can create new opportunities for your business.
There is extreme volatility in the world right now with inflation, supply chain issues and labor shortages. TGG Founder & CEO, Matt Garrett breaks down why now is the time to have a growth mindset so you can expand into other markets and boost your profitability.
Offering unlimited PTO in your business is a double-edged sword. TGG Founder & CEO, Matt Garrett breaks down the pros and cons of switching to this new model and what to consider if you do.
The way we work has significantly changed with COVID-19. TGG Founder & CEO, Matt Garrett explains the three things you should be thinking about when it comes to your office space.
Can reviewing your operating expenses every month save you hundreds, if not thousands, of dollars? TGG Founder & CEO, Matt Garrett has the answer.
The IRS is allowing a temporary 100% meal deduction for businesses. TGG Founder & CEO, Matt Garrett explains how you can take advantage of this and when it expires.
Negotiating with vendors, buying in bulk and paying early to get a discount are ways to try and ease supply chain constraints, but are they the only ones? TGG Founder & CEO, Matt Garrett explains the other options you should consider for your business.
Are you tying up your cash in inventory? TGG Founder & CEO, Matt Garrett explains why you should be turning your inventory as fast as possible in order to put those dollars to work in other areas of your business.
Having a seasonal business doesn’t necessarily mean you will have swings in your profitability. TGG Founder & CEO, Matt Garrett shares his three ways to combat seasonality and even out your profitability over the course of the year.
Can you afford a $200,000 case of fraud in your business? TGG Founder & CEO, Matt Garrett breaks down the simple steps you can take to make sure fraud doesn’t happen to you.
Does your business own a fleet of vehicles? Are any of them underutilized? TGG Founder & CEO, Matt Garrett explains why now is the perfect time to sell your underutilized cars to turn a profit for your business.
A credit memo or discount here and there can actually be doing more harm than good for your business. TGG Founder & CEO, Matt Garrett reveals the pitfalls of offering these discounts and how they negatively affect your profitability.
Is it even possible to have too much cash in your business? It is! TGG Founder & CEO, Matt Garrett explains effective cash management techniques and how you can make that extra money work for you.
Have you taken a look at your merchant fees recently? TGG Founder & CEO, Matt Garrett shows how even a 1% reduction in your merchant fees on credit cards can have a significant impact on your bottom line.
Are you taking advantage of the thousands of dollars available to you in the form of tax credits? TGG Founder & CEO, Matt Garrett shows you the four key tax credits that you need to be thinking about and take advantage of today.
Is inflation transitory or is it here to stay? TGG Founder & CEO, Matt Garrett shows you the steps you can take in your business right now to keep up with inflation and not fall behind.
Cryptocurrency is becoming increasingly popular these days, but should you accept it as a form of payment in your business? TGG Founder & CEO, Matt Garett gives his answer and how you can best prepare for the future.
Your accounting file holds the history of your business. Don’t lose it. TGG Founder & CEO, Matt Garrett explains two ways that you can protect your business and your accounting right now from cyber attacks.
Autopay could be a silent killer in your business, but what are the actual benefits? TGG Founder & CEO, Matt Garrett explains the power of autopay in helping your business increase profitability.
A recurring revenue business model is only for some businesses, right? Wrong. TGG Founder & CEO, Matt Garrett explains why this model works for any business and how you can make it work for yourself.
Are you paying your bills by credit card? TGG Founder & CEO, Matt Garrett breaks down the benefits of using your credit card as your preferred payment method and what you could be losing out on if you’re not.
Have you considered passing costs down to your customers? TGG Founder & CEO, Matt Garrett dives into this strategy as a means for boosting profitability in your business.
How should you segment your customers? TGG Founder & CEO, Matt Garrett explains the 80/20 rule and how you can apply this to segmenting your customers in order to drive more profitability into your business.
What’s driving the profitability in your business? TGG Founder & CEO, Matt Garrett reveals how you can find out by segmenting customer profitability as well as your gross margin per product or service.
Are you paying for unnecessary software licenses in your business? TGG Founder & CEO, Matt Garrett explains how you can better manage your licenses so you aren’t losing hundreds, if not thousands of dollars, in profitability.
Offshoring can be a great way to drive costs down in your business. TGG Founder & CEO, Matt Garrett breaks down the three key pitfalls you need to avoid when considering offshoring.
Can taking parts of your business offshore increase your profitability? TGG Founder & CEO, Matt Garrett explores the benefits of offshoring and how you can leverage it for your business.
Raising prices can be challenging and intimidating. This week, TGG Founder & CEO, Matt Garrett explains what to consider when raising your prices and how to do it the right way.
There are always government stimulus programs available, but what are the top 3 right now? TGG Founder & CEO, Matt Garrett reveals his top picks that you can take advantage of to help your business.
Everyone wants to get paid faster. TGG Founder & CEO, Matt Garrett reveals the one thing you should never do in order to speed up how fast you get paid.
When clients or customers leave your business that’s the end of it right? Wrong. TGG Founder & CEO, Matt Garrett talks about why it’s so important to stay in touch and continue to market to them even if they no longer use your product or want your service.
The best client you have is the one you’ve already sold to. TGG Founder & CEO, Matt Garrett explains 3 simple and easy ways to boost client retention so you can save money and increase profitability in your business.
Employee turnover can be very expensive for your business. TGG Founder & CEO, Matt Garrett explains how you can boost profitability by increasing employee retention through a culture of accountability.
What’s the key to increasing profitability with accountability in your company? TGG Founder & CEO, Matt Garrett explains the simple steps you can take in order to attract and hire high performing employees.
Curious to find out the top 10 ways you can lower your DSO right now? Check out our Founder & CEO, Matt Garrett as he breaks down the ways you can ensure that you get paid faster.
What is DSO and does lowering it really have an impact on your business? In this week’s 52 Tips for Profitability series, TGG Founder & CEO, Matt Garrett explains what DSO is and how lowering it will boost your profitability.
Are you setting quarterly and annual dates on sales incentives and sales programs? TGG Founder and CEO, Matt Garrett explains how to change your goal setting strategy so your business can run more efficiently.
If you’re putting caps on sales incentives and the ability of your sales team to earn more, remove them now. TGG Founder & CEO, Matt Garrett explains why these caps are negatively affecting your business and what you can do to change it.
Do you have an expanded or contracted commission plan for your sales team? TGG Founder & CEO, Matt Garrett breaks down both and reveals which one you should be using to incentivize your sales people.
In the second video of our three part series on sales commission, TGG Founder & CEO, Matt Garrett gives you two options for designing the best sales commission program for your business and how you can guarantee you make money when your sales people make money.
In the first video of our three part series on sales commission, TGG Founder & CEO, Matt Garrett dives into the qualities of a great salesperson and what you should be looking for when creating your sales commission program.
How do you boost profitability and accountability in your service-based business? TGG Founder & CEO, Matt Garrett shares the key he’s found that works and why you must incorporate it into your business.
When does a 4-day work week make sense? TGG Founder & CEO, Matt Garrett breaks down the different options when looking at employee scheduling and the impact on your business.
Should you use a match or profit sharing 401k plan? Which one is better? TGG Founder & CEO, Matt Garrett explains which one can help you save money in your business.
Is your 401k advisor providing enough value to justify the cost? TGG Founder & CEO, Matt Garrett looks at what you can do to take control of your 401k and lower your admin fees.
Where are the hidden fees in your 401k and how can you lower them? TGG Founder & CEO, Matt Garrett explains why now is the time to look under the hood of your 401k and see where all of the fees are and what you’re really paying for.
Are credit cards a good financing option for a small business? TGG Founder & CEO, Matt Garrett explains when to use them and how they can affect your margins.
What is Accounts Receivable Financing and should you avoid it? TGG Founder & CEO, Matt Garrett reveals if Accounts Receivable Financing aka Factoring should be embraced or avoided as an alternative financing option for your business.
There are several ways to finance your business. In this video, TGG Founder & CEO, Matt Garrett covers self financing, bringing in investors & bank financing. He also gives real-life scenarios to demonstrate how all of these make sense.
The 10-Year U.S. Treasury and interest rates are at all time lows. TGG Founder & CEO, Matt Garrett explains why now is the best time to refinance your existing debt and ways you can do it.
What are the ways you could boost your profitability by decreasing mileage reimbursements? TGG Founder & CEO, Matt Garrett explains how shifting to a virtual environment can open up more opportunities for your business.
COVID-19 has had a significant impact on business travel and entertainment costs. Our Founder & CEO, Matt Garrett explains how everything becoming more digital can actually have a positive effect on your overall Sales budget.
There are several benefits to having company meetings virtually and saving your business money is just one of them. Watch as our Founder & CEO, Matt Garrett explains how going virtual can improve more than just your bottom line.
There are so many benefits to going paperless in today’s world. TGG Founder & CEO, Matt Garrett gives you his top 3 and how they all can save your business money.
It starts with a few subscriptions here and there, but if you aren’t watching, those small fees could add up and be taking a large amount of money out of your business. Our Founder & CEO, Matt Garrett explains why now, more than ever, you should be reviewing your monthly and annual recurring charges to make sure they are positively impacting your business.
What are the benefits of negotiating with your suppliers and why should you negotiate with them? Our Founder & CEO, Matt Garrett answers these important questions and reveals the positive effects they can have on your business.
Are you being nickel and dimed by your bank? As our Founder & CEO, Matt Garrett explains, right now might be the perfect time to negotiate those bank fees for the well-being of your business.
You can outsource a lot of areas of your business, but what about your HR? TGG Founder & CEO, Matt Garrett gives his take on outsourcing this department and what to consider if you do.
Are you currently outsourcing your IT or planning to? In this week’s installment of 52 Tips to Profitability, our Founder & CEO Matt Garrett breaks down what you need to look for in order to keep your systems running smoothly.
What’s the most important thing you need when it comes to litigation? TGG Founder & CEO, Matt Garrett reveals the one item you must have to ensure your business comes out on top.
What’s the best way to manage cash? A 13-week cash flow forecaster! TGG Founder & CEO, Matt Garrett explains why using a cash flow forecaster for your business is a great indirect cost savings.
In this week’s installment of 52 Tips to Profitability, our Founder & CEO Matt Garrett provides cost-saving tips on what you can do with old inventory.
Where in your business can you automate processes to gain efficiencies? TGG Founder & CEO, Matt Garrett reveals how implementing robust processes in your Accounting and other areas can save your business money.
With remote work becoming the new norm, Founder & CEO Matt Garrett explains how you can potentially get higher quality employees at a lower cost.
Want to get paid faster? TGG Founder & CEO, Matt Garrett shares seven different ways your business can collect your accounts receivables quicker in order to boost your cash flow.
How can slow paying your accounts payable save your business money? TGG Founder and CEO, Matt Garrett gives valuable insight on how this simple tactic can positively impact your cash flow.
Did you know that through the CARES Act, business owners can refile their 2018 and 2019 tax returns? Our Founder and CEO, Matt Garrett explains the surprising benefits that refiling your tax returns could have on your business and how there are other ways to cut costs than simply cutting expenses.
Cost savings for your business can be as easy as flipping a switch! Our Founder & CEO, Matt Garrett explains the simple changes you can make with your utilities that has the potential to yield hundreds, if not thousands, of dollars in savings for your business.
Whether you and your team are working in your office right now or not, you always have the option to renegotiate internet costs! Our CEO and Founder, Matt Garrett discusses the various ways you can potentially save anywhere from $400-$2,000 in internet costs during COVID-19.
Is there a way for you to still conduct business without printing so much paper? TGG Founder & CEO, Matt Garrett provides his insight on copier leases and ways to become paperless.
How do you minimize your auto expense? TGG Founder & CEO, Matt Garrett shares 2 ways that you can use to minimize this expense.
There are 2 things to think about when it comes to payroll processing. TGG Founder & CEO, Matt Garrett reveals what these are and how you can cut your payroll processing fees in half.
Renegotiating your lease terms can be for your benefit. TGG Founder & CEO, Matt Garrett explains why taking a look at your lease terms can have a positive outcome not just for your landlord, but yourself as well.
The U.S. Treasury Bond as gone from 1.9% down to 1.4%. TGG Founder & CEO, Matt Garrett explains why this is the time to refinance your loans.
Make sure to call your cell phone company today. TGG Founder & CEO, Matt Garrett explains why today is just as good as any to negotiate your contract.
In Credit Cards Part 3, TGG Founder & CEO, Matt Garrett dives into the importance of picking the right credit card and the positive impact your choice can have on your business.
In Credit Cards Part 2, TGG Founder & CEO, Matt Garrett explains why it’s important to price out your merchant fees.
In Credit Cards Part 1, TGG Founder & CEO, Matt Garrett shares why not everyone at your company should have a credit card.
Take a look at the entity structure that you have for your business. TGG Founder & CEO, Matt Garrett reveals the cost savings on taxes, distributions and overall compliance costs that all depend on your entity structure.
This year, TGG Founder & CEO, Matt Garrett is giving his 52 Tips for increasing profitability in your business. We’re kicking it off with Tip #1 in why you should always ask for discounts.
