Avoid THESE Basis Tax Traps in Your Shop
Most shop owners have no idea how “basis” can come back to bite them. Take out too much, buy the wrong way, or expand with debt, and you could...
This episode of The Money Shift Podcast helps auto repair shop owners get accurate financials—fast by introducing clearing accounts, the balance-sheet tool that fixes timing errors, mismatched deposits, and bad data. Learn how to use cash, credit card, inventory, and payroll clearing accounts to simplify bookkeeping, clean up your profit and loss, and gain reliable numbers for smarter business decisions. Discover how these temporary holding accounts improve momentum, reduce stress, and make your financials usable for KPIs, bonuses, and parts margin tracking—without getting lost in the weeds.
Explore the Kaizen Resource Center for practical tools, calculators, and articles to help you run a more profitable, predictable shop.
Most shop owners have no idea how “basis” can come back to bite them. Take out too much, buy the wrong way, or expand with debt, and you could...
Thinking about selling your shop or just growing its value? Your shop is worth more than its tools and lifts. In this first episode of The...