Uno's Pizzeria & Grill
1160 N. Plaza Drive
Schaumburg IL 60173
I love pizza! I can enjoy pizza anytime of the day (and it shows). I specifically love Uno's Pizza. I can remember the first time I had it in Downtown Chicago with my Mom and Dad. It was a "stay-cation" before "stay-cations" were cool. A tour of Chicago ending with a stop at one of the smallest places I had ever been to with so many people! And the pizza... awesome.
Tax Season is Upon Us!
It is that time of year again. Our office is geared up for the season that is taxes. We are still working on monthly regular accounting and we are working on your corporate and individual tax returns.
Below, you can see some good information for 2017 and previous years.
We can also take on new clients and we would be willing to review your 2015 tax returns to see if they were done correctly. Our expertise is with more complicated situations:. Multiple W2, 1099, trusts, business owners.
Just contact: Tom Gosche, 630-675-8971 firstname.lastname@example.org
My dad came across the Financial Statements of his dad's business from April 1946. I scanned a page of it to the right. The way QuickBooks currently prints a Profit and Loss Statement, you have the Revenue at the top and then Costs of Goods, then Expenses and finally the Profit at the bottom, but this statement has all the Expenses, then the Revenue THEN the Profit.
The numbers are interesting. As you could guess, it is a bar, a few blocks away from Wrigley Field. In 1946 the average family income was about $2,600 per year or $216.66 per month. The profit for this month was $155.78. Previous month's profits averaged $670.
Why was this month so low? As I looked at the details of the financials, I saw that he bought additional beer this month. Maybe there was a deal, or added a new brand.
Having monthly financial statements are important for a business. They answer questions you might have. Can you take advantage of a suppliers' deal? Will purchasing equipment be a better advantage this month or next?
What is your business worth? I did a quick Valuation of my Grandfather's business, based on the financials we found. At the beginning of 1946, it would be worth about $28,140. In June 1946, it would be worth over $40,000. What do you think a major factor was in the increase in the business value in those first 6 months of 1946? (Hint: When was the last time the Cubs were in the World Series?)
Happy New Year!!!
In true blog fashion, the last parts are at the top of the page. Scroll all the way down and work your way back up to read them in order.
Tom is the Business Development Manager for GLM. If you are interested in learning more about GLM's services, contact him: