You can’t improve what you don’t measure. Keep an eye on these 10 key metrics: 1. Gross profit margin- Revenue minus COGS, expressed as a...

Are you a business in the trades or resale industry and unsure how resale purchases are treated for tax purposes in New Mexico? If your profit margins feel tighter than expected and you cannot quite tell why, you are not alone. Many small business owners eventually find themselves asking the same question: Where is the money going?  One thing to look at here is the Gross Receipts Tax. New Mexico’s GRT works differently than traditional sales tax systems in most other states, which can make it...

Cash flow problems can cripple a business even if sales are strong. Try these 10 strategies: 1. Invoice promptly- The faster you bill,...