Visit pamjordan.com to schedule a call with our team.
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In this episode of Pivot to Profit, Pam Jordan and tax expert Alexis Sidney break down how to leverage Profit First for taxes—a gold mine strategy for entrepreneurs who want to keep more of what they make. Learn what Profit First is, why it works, and how to use it to always have cash set aside for taxes and for powerful tax-saving strategies. Pam and Alexis share their own journeys with Profit First, explain the importance of a dedicated tax account, and reveal how this system gives you more options, less stress, and bigger opportunities to build wealth. Discover recommended percentages to allocate, common mistakes to avoid, and real client success stories—including how one business owner increased profit by 300% in a year. Get actionable tips for setting up your Profit First system and maximizing your tax strategy.
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💡 Meet the Experts:
Pam Jordan is the CEO of Pivot Business Group, helping entrepreneurs understand their numbers, increase profits, reduce taxes, and build wealth through strategic financial planning.
Alexis Sidney is a Certified Tax Strategist and Managing Partner of Pivot Tax Strategy, helping business owners save millions annually through actionable strategies.
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Recommended Videos:
If you liked this episode, you'll love these videos:
– How to Put Your Kids on Payroll and Save Thousands in Taxes: https://www.youtube.com/watch?v=Y1mvyHCnFWY
– How To Hire Your Kids To Immediately Reduce Your Taxes! (Step by Step): https://www.youtube.com/watch?v=6nKN_AD21kQ
– $15000 IRS Loophole for Parents (Legal But Nobody Does It): https://www.youtube.com/watch?v=iardyOuyxxo
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Want More Financial Clarity?
YouTube: https://www.youtube.com/@pamjordancfo?sub_confirmation=1
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Want to know if Profit First is right for your business, or have questions about implementing it for tax strategy? Let us know what you’d like to explore next!
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Key Takeaways from This Episode:
– Profit First is a cash flow methodology using multiple bank accounts to allocate money for profit, taxes, payroll, and operating expenses. It flips the traditional formula to guarantee profit and cash for taxes.
– A dedicated tax account is critical. Setting aside a percentage of income (typically 15%) ensures you’re never caught off guard by tax bills and enables you to implement tax-saving strategies like the Augusta Rule, accountable plans, and retirement contributions.
– Start simple: Open a separate savings account for profit and tax—even starting with 2% can build the habit and give you options.
– Work with professionals: The relationship between your Profit First professional and tax strategist is key to maximizing your results and customizing your allocations.
– Real client success: One client with a 20% increase in revenue achieved a 300% increase in profit and had six figures set aside for taxes—most of which could be redirected to other strategies after working with a tax strategist.
– Profit is a habit, not an afterthought. Setting aside cash for taxes using Profit First gives you options, reduces stress, and opens the door to powerful tax-saving strategies.
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For help implementing Profit First and maximizing your tax strategy, visit pamjordan.com to schedule a call with our team.
Remember: It’s not what you make that matters—it’s what you keep!
