marketing agencies

A concept illustration of financial distribution with stacks of gold coins and black chess pawns representing different shareholders. Coins are shown being moved between the pawns, symbolizing the flow of money in a business setting.

Everything You Need to Know About S Corporation Distributions

If you’re the owner of an LLC, there’s a chance you’ve elected to have your business taxed as an S Corporation. As your S Corp turns a profit, there are two ways to have those profits paid back to you: 1) reasonable compensation and 2) owner’s distributions (sometimes referred to as draws). While we won’t

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A visual representation of Key Performance Indicators (KPIs) chart showcasing financial metrics for business analysis and tracking.

Top 15 Financial KPIs for Tracking Your Marketing Agency

So what is a KPI? KPI stands for Key Performance Indicator. There are many different types of KPIs – financial, operational, marketing, etc. Sure, financial statements are great, but they’re difficult to digest. KPIs are byte-sized metrics that you can use which indicate what’s going well (or not) in your business. Recently, we moved our

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Marketing Agency Bad Financial Habits

3 Bad Habits For Marketing & Creative Agencies to Avoid

What are the most common mistakes or “traps” agency owners fall into over time? Bad habits to avoid and positive alternatives? In other words, what are some marketing agency bad accounting and finance habits to avoid? The above is a question I received in a Facebook Group for marketing professionals earlier this week, and it’s

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marketing agency profit margin

A Guide to Agency Margins: What They Are and How to Increase Them

Increasing profits should be a primary financial concern for all businesses, including marketing agencies. According to industry benchmarking data, marketing agency averages a net profit margin somewhere between 6.0% and 12.0%, which means there’s plenty of room for growth. For the agencies we work with, generally the bogey is a 15.0% net margin. No agency

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How can marketing agencies benefit from QBI

Can Marketing Agency Owners Take Advantage of the QBI Deduction?

Small business owners are always looking to save money on their tax bill, and marketing agency owners are no exception. One of the most common questions marketing agency clients ask, and that are often posed online is: “Can marketers take advantage of the QBI deduction?” The specifics of the QBI portion of the new tax

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