Sales Tip: Stay current on payments, and pay taxes monthly

New Orleans Cornwell Quality Tools Dealer, Nick Hebert shares that from the beginning, he realized the importance of staying current on his payments. “The key is to manage your money,” he says. He spends between $3,000 to $10,000 per week on tools and pays his full balance weekly. He carries between $70,000 and $75,000 worth of retail inventory.

Hebert pays his taxes monthly. His software allows him to access his monthly sales. “That way it’s not a big hit,” he says. His software system calculates all of the different tax rates.