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Mark Johnson

Free Member
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Mark Johnson last won the day on February 5 2020

Mark Johnson had the most liked content!

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About Mark Johnson

  • Rank
    Occasional Poster

Business Information

  • Business Name
    P&G Accounting Solutions
  • Business Address
    4831 NW 19TH ST, Lauderhill, Florida, 33313
  • Type of Business
    Marketing to Auto Shops
  • Your Current Position
    Marketing To Shops
  • Website
  • Logo
  • Banner Program
    None
  • Certifications
    Certified Business Tax and Planning Expert.
  • Your Mission Statement
    We help auto repair shop owners to reduce taxes by as much as 50% and saving 1M for retirement in less than 8 years.

Recent Profile Visitors

1,298 profile views
  1. Hi Mark, do you have access to industry studies for auto repair shops? I am trying to evaluate an auto shop business that I am interested in purchasing but all I know at this time is that their annual revenue is $1.1M, I'd like to create my own proforma P&L and BS base on the industry average for shops of this size.  The company's bookkeeper is working on organizing their financials but i'd like to start doing my homework first. Please let me know, any assistance is greatly appreciated

  2. Hello shop owners, there is a lot of money there to get you through COVID-19. Trump signed it. Here's what you get: ● SBA Forgivable Loans Up to $10,000,000* ● SBA Emergency Grant Up To $10,000* ● Withdraw Retirement Penalty Free Up to $100,000* ● SBA Disaster Loans Up To $2,000,000 ● Defer Payroll Taxes Sec 2201 To 2021/2022* ● Recovery Rebates $2,400 MFJ/$1,200 Single* ● Get Cash For NOLs In '18, '19, '20* ● Employee Retention Credit Up To $10,000/employee* ● Sick Employee Payroll Tax Credit Up To $2,0
  3. Hello shop owners, there is a lot of money there to get you through COVID-19. Trump signed it. Here's what you get: ● SBA Forgivable Loans Up to $10,000,000* ● SBA Emergency Grant Up To $10,000* ● Withdraw Retirement Penalty Free Up to $100,000* ● SBA Disaster Loans Up To $2,000,000 ● Defer Payroll Taxes Sec 2201 To 2021/2022* ● Recovery Rebates $2,400 MFJ/$1,200 Single* ● Get Cash For NOLs In '18, '19, '20* ● Employee Retention Credit Up To $10,000/employee* ● Sick Employee Payroll Tax Credit Up To $2,0
  4. Are you a Iowa shop owner? If you have been affected by COVID-19, have 2-25 employees and have a location in the state you can get a grant of between $5,000 and $25,000 from the Iowa Small Business Relief Grant Program. (If you are not from Iowa please tell friend from the state) YOU MUST APPLY NOW! (Deadline is March 31, 2020) So what information do you need? A LOT! ● Most recent Income Statement ● Revenue Loss Analysis ● Most recent Balance Sheet ● Payroll Schedule And Analysis ● Funds utilization report ● Fill out All P
  5. Are you a Iowa shop owner? If you have been affected by COVID-19, have 2-25 employees and have a location in the state you can get a grant of between $5,000 and $25,000 from the Iowa Small Business Relief Grant Program. (If you are not from Iowa please tell friend from the state) YOU MUST APPLY NOW! (Deadline is March 31, 2020) So what information do you need? A LOT! ● Most recent Income Statement ● Revenue Loss Analysis ● Most recent Balance Sheet ● Payroll Schedule And Analysis ● Funds utilization report ● Fill out All P
  6. Shop owners, if you are having problems with cash flow due to the Coronavirus or even if you are not feeling the effects yet. It is always a good idea to make preparations to have enough cash on hand. With that said, the government has allocated 8 Billion to assist business owners affected by COVID-19 by offering SBA disaster loans and I am helping shop owners with filing their applications. Please see my article for more info.
  7. In an effort to update the group with all the most recent developments, we are happy to inform you that on March 20, 2020 the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Ac
  8. In an effort to update the group with all the most recent developments, we are happy to inform you that on March 20, 2020 the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Ac
  9. Shop owners did you hear? If you have been affected by COVID-19 you are eligible for a SBA disaster loan of up to $2M. This loan is from the Federal Government with interest an rate of 3.75% and up 30yrs payment term. It is not available in private financial institutions (banks). ALL STATES CAN NOW APPLY! So what information do you need? A LOT! ● Most recent Federal income tax returns ● Personal Financial Statement ● Schedule of Liabilities listing all fixed debts ● You Fill out All SBA Paperwork ● Year-end profit-and-loss sta
  10. Shop owners did you hear? If you have been affected by COVID-19 you are eligible for a SBA disaster loan of up to $2M. This loan is from the Federal Government with interest an rate of 3.75% and up 30yrs payment term. It is not available in private financial institutions (banks). ALL STATES CAN NOW APPLY! So what information do you need? A LOT! ● Most recent Federal income tax returns ● Personal Financial Statement ● Schedule of Liabilities listing all fixed debts ● You Fill out All SBA Paperwork ● Year-end profit-and-loss sta
  11. The Accountable Plan is one of our most successful strategies and gives up to $10K in tax savings per year. An Accountable Plan allows employees and in your case, owner-employees to be reimbursed for business expenses paid out of pocket. The expenses become deductions to the business and the employee or employee-owner can be reimbursed creating non-taxable cash flow to them. In order for the plan to be a “Qualified Accountable Plan” it must have the following connection points: · Business Connection · Substantiation (Expense Reports - with receipts) ·
  12. The Accountable Plan is one of our most successful strategies and gives up to $10K in tax savings per year. An Accountable Plan allows employees and in your case, owner-employees to be reimbursed for business expenses paid out of pocket. The expenses become deductions to the business and the employee or employee-owner can be reimbursed creating non-taxable cash flow to them. In order for the plan to be a “Qualified Accountable Plan” it must have the following connection points: · Business Connection · Substantiation (Expense Reports - with receipts) ·
  13. Do you ever worry that if the credit card you’re using to make business purchases isn’t in your business name that you won’t be allowed to take the deductions? The good news is, that’s not the case—even if you have a separate entity! This doesn’t mean you should mix personal and business expenses. When you take a personal credit card and use it entirely for business expenses, you are essentially contributing this debt to your business. You can use the card the same as if it was in the company’s name and deduct every business expense you purchase on it. This can be a gr
  14. Do you ever worry that if the credit card you’re using to make business purchases isn’t in your business name that you won’t be allowed to take the deductions? The good news is, that’s not the case—even if you have a separate entity! This doesn’t mean you should mix personal and business expenses. When you take a personal credit card and use it entirely for business expenses, you are essentially contributing this debt to your business. You can use the card the same as if it was in the company’s name and deduct every business expense you purchase on it. This can be a gr


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