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Accounting and payroll resources for small business owners.

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Valuable Business Articles & Updates

Six Things Restaurant Owners Should Look for in an Accounting Service Provider

2 min read

Six Things Restaurant Owners Should Look for in an Accounting Service Provider

Running a restaurant can be challenging, to say the least. Handling finances while managing day-to-day operations can be overwhelming. That’s why...

2 min read

Growing Your Business with a New Partner: Here Are Some Tax Considerations

There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...

You May Need to Make Estimated Tax Payments

1 min read

You May Need to Make Estimated Tax Payments

You may have to make estimated tax payments if you earn income that's not subject to withholding, such as income from self-employment, interest,...

Updated Guidance on Business Vehicle Depreciation

7 min read

Updated Guidance on Business Vehicle Depreciation

The rules for deducting depreciation expenses on vehicles used for business purposes have been liberalized under current tax law, but they remain...

Why Some Businesses Choose to Execute a Pivot Strategy

2 min read

Why Some Businesses Choose to Execute a Pivot Strategy

When you encounter the word “pivot,” you may think of a politician changing course on a certain issue or perhaps a group of friends trying to move a...

You May Want to Separate Real Estate Assets from Your Business

2 min read

You May Want to Separate Real Estate Assets from Your Business

Many companies choose not to combine real estate and other assets into a single entity. Perhaps the business fears liability for injuries suffered on...

Business Owners, Your Financial Statements Are Trying to Tell You Something

2 min read

Business Owners, Your Financial Statements Are Trying to Tell You Something

Business owners are commonly and rightfully urged to generate financial statements regularly in compliance with Generally Accepted Accounting...

Should Married Couples File Jointly or Separately?

3 min read

Should Married Couples File Jointly or Separately?

Once you're married, you have two options when it comes to filing your annual federal income tax return — married filing jointly or married filing...

Chart a Tax Course for Business Travel

4 min read

Chart a Tax Course for Business Travel

Are you planning to take a business trip this year? If your destination is known for its cultural or recreational attractions, you might want to...

Eight Red Flags for IRS Audits

4 min read

Eight Red Flags for IRS Audits

The number of people being audited by the IRS isn't that high. For many years, less than 1% of taxpayers undergo face-to-face audits (although...

Growth Strategies: How to Take Your Business to the Next Level

5 min read

Growth Strategies: How to Take Your Business to the Next Level

Once your business has survived the start-up phase, it's got a solid foundation to grow. Business and financial advisory services are critical at...

Help Wanted: Hiring Your Kids to Work for Your Small Business

4 min read

Help Wanted: Hiring Your Kids to Work for Your Small Business

If you own a small business, you might consider hiring your kids to work during their time off from school. In addition to teaching your children...

Withdrawing Cash from Your C Corporation

3 min read

Withdrawing Cash from Your C Corporation

C corporation owners often need to take cash out of the business to pay personal expenses or to shield excess cash from creditors. Paying dividends...

Responsibilities When Collecting W-4s

2 min read

Responsibilities When Collecting W-4s

Employees don't always take the task of filling out their W-4 forms seriously. They may write "exempt" on the withholding portion of the form or even...

Perform an Operational Review to See How Well Your Business Is Running

2 min read

Perform an Operational Review to See How Well Your Business Is Running

In the wide, wide world of mergers and acquisitions (M&A), most business buyers conduct thorough due diligence before closing their deals. This...

Cost-Effective Ways to Improve Retention

2 min read

Cost-Effective Ways to Improve Retention

Like many other businesses, your company may occasionally endure downturns during which revenues stagnate, and your ability to authorize generous...

Can Your Company Revise its Payday Schedule?

2 min read

Can Your Company Revise its Payday Schedule?

Paydays are sacred in the workplace. Some employees who can't remember how many years they've been married or how long it's been since their last...

Keys to Avoid Payroll Tax Trouble

3 min read

Keys to Avoid Payroll Tax Trouble

What would happen if your company failed to pay the IRS payroll taxes when they were due? You could be on the hook for penalties and, if you're...

Nine Tax Considerations if You're Starting a Business as a Sole Proprietor

2 min read

Nine Tax Considerations if You're Starting a Business as a Sole Proprietor

When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need...

Clear Overtime Policy Saves Money

2 min read

Clear Overtime Policy Saves Money

It's not enough to have a one-sentence statement in your employee handbook that merely tells your employees something like this: "All time worked...

3 min read

Do's and Don'ts for Business Expense Deductions

As tax season heats up, companies of all kinds and sizes will be on the hunt for ways to reduce their tax bills. One of the most common ways is...

How TMAs Payroll Service Works

2 min read

How TMA's Payroll Service Works

Twenty-five years ago, TMA was focused solely on helping small businesses get a handle on bookkeeping and taxes. Providing payroll services was not...

Setting Goals for Your Small Business

2 min read

Setting Goals for Your Small Business

Setting goals plays a pivotal role in shaping the success and growth trajectory of small businesses. It's a practice that every small business owner...

The Value of Using One Service Provider for Accounting, Payroll, and Taxes

1 min read

The Value of Using One Service Provider for Accounting, Payroll, and Taxes

Navigating the landscape of accounting and payroll decisions is an essential choice for small business owners. There are advantages to bringing these...

Partnerships: Tax Considerations When Adding a New Partner

4 min read

Partnerships: Tax Considerations When Adding a New Partner

Are you considering inviting an employee or an outsider to participate in your existing partnership? Before making any commitments, it's important...

What is Bookkeeping, and Why is it important for Small Businesses?

2 min read

What is Bookkeeping, and Why is it important for Small Businesses?

Running a small business requires you to understand the financial health of the business. Most people know that a business’s financial statements...

Year-End Review of S Corp Compensation: Stay on the Right Side of the IRS

3 min read

Year-End Review of S Corp Compensation: Stay on the Right Side of the IRS

With the new year right around the corner, your shareholders might be thinking about year-end bonuses or distributions. Before doing so, it's...

Avoid Costly Equipment Buying Blunders

1 min read

Avoid Costly Equipment Buying Blunders

Have you ever bought a new "state-of-the-art" piece of equipment only to discover that you paid dearly for some bells and whistles you didn't really...

Seven Ways Supervisors Can Hit the Target on Communication

2 min read

Seven Ways Supervisors Can Hit the Target on Communication

Successful supervisors know how and when to be assertive. They communicate their needs in a way that earns them respect and gets results.

Answers to Common Payroll Questions

4 min read

Answers to Common Payroll Questions

Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change....

Can You Require a Switch to Direct Deposit?

2 min read

Can You Require a Switch to Direct Deposit?

It may not be long before paper paychecks go the way of the five-and-dime store and the VCR. They may soon become obsolete as "direct deposit" into...