5 min read
What's the Difference Between Accounting and Bookkeeping?
Is accounting just a fancy word for bookkeeping, or are they totally different?
Small Business Blog
Accounting and payroll resources for small business owners.
Easily filter through articles and find what you want to learn below.
Valuable Business Articles & Updates
5 min read
Top 3 Financial Mistakes Small Business Owners Make
Running a small business means wearing a lot of hats—owner, marketer, HR manager, and often, the bookkeeper too. It’s like trying to play quarterback...
5 min read
Pros and Cons of Owning a Small Business
Let’s be real: owning a small business is not for the faint of heart.
5 min read
How to Switch Accountants: A 5-Step Guide for Small Business Owners
Switching accountants might sound like a hassle, but sometimes it’s the smartest move you can make for your business. If you’ve ever felt ignored by...
2 min read
Can You Turn Business Losses into Tax Relief?
Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. Certain losses, within limits,...
2 min read
4 Ways Business Owners Can Make the Leadership Connection
To get the most from any team, its leader must establish a productive rapport with each member. Of course, that’s easier said than done if you own a...
4 min read
Don't Let Quarterly Estimated Tax Payment Obligations Catch You Off Guard
If you're self-employed, run your own small business, or have rental or investment income, there's a good chance you must make quarterly estimated...
4 min read
Profit vs. Cash Flow: What’s the Difference and Why It Matters
Have you ever looked at your business’s profit and loss statement and felt pretty good, only to open your bank account and wonder where all the money...
2 min read
Corporate Business Owners: Is Your Salary Reasonable in the Eyes of the IRS?
Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s...
4 min read
What Kinds of Businesses Aren’t a Fit for TMA’s Services
We’ll say it upfront: TMA Accounting isn’t the right choice for every business.
2 min read
Cost Management is Critical for Companies Today
Many business owners take an informal approach to controlling costs, tackling the issue only when it becomes an obvious problem. A better way to...
5 min read
5 Signs You’ve Outgrown Your Accounting, Tax, and Payroll System
It probably worked fine in the beginning.
5 min read
Should You Hire In-House or Outsource Your Accounting?
Running a small business means wearing a lot of hats—sales, operations, customer service, and yes, accounting. But let’s be honest: accounting isn’t...
5 min read
3 Best Practices for Keeping Business and Personal Accounts Separate
When you own a business, your personal and business finances can easily get tangled up. At first, it might not seem like a big deal. You pay for...
5 min read
5 Signs Your Accountant Isn’t Doing Enough
As a small business owner, you wear a lot of hats—marketer, manager, problem-solver, and sometimes even bookkeeper. With so much on your plate, it’s...
7 min read
Business Accounting Apps Compared: QuickBooks vs Xero vs FreshBooks
When it comes to running a small business, there’s one thing that’s always on your mind: money. Are you spending too much? Can you afford to hire...
5 min read
How to Handle a Large Tax Bill as a Small Business Owner
Getting hit with a large tax bill can feel like a punch to the gut, especially when you weren’t expecting it. For small business owners juggling...
4 min read
3 Reasons Small Business Owners Get Tax Surprises
Imagine this: You’ve wrapped up a successful year. Sales are up, customers are happy, and you’re feeling confident about your business. Then, tax...
5 min read
3 Essential Financial Statements and Why They Matter for Your Business
Let’s be honest—most business owners don’t get excited about financial statements. They’re full of numbers, charts, and accounting terms that can...
7 min read
5 Common Tax Mistakes Caused by Poor Bookkeeping
Small business owners often face enough pressure managing day-to-day operations without the added stress of tax season. Between juggling client...
5 min read
What Accounting Services Does My Business Need?
Running a small business is an exciting journey, but let’s be honest—managing finances isn’t always the most exciting part. In fact, for many...
5 min read
Monthly vs. Year-End Accounting: An Honest Comparison
Running a small business means juggling a lot, but one thing you can’t afford to ignore is your finances. A surprise tax bill, a cash flow issue, or...
2 min read
6 Ways Employers Can Address Payroll Costs During Economic Uncertainty
Payroll is one of the biggest costs for most small to midsize employers. If this holds true for your organization, you may be looking at the year...
2 min read
6 Essential Tips for Small Business Payroll Tax Compliance
Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships, and even legal...
3 min read
FinCEN-Related Fraud Heats Up: How to Avoid Getting Burned
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) recently identified an increase in fraudsters using the bureau's...
2 min read
Business Owners Should Get Comfortable with Their Financial Statements
Financial statements can fascinate accountants, investors, and lenders. However, for business owners, they may not be real page-turners.
3 min read
Planning for the Future: 5 Business Succession Options and Their Tax Implications
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders...
7 min read
Understanding Accounting Complexity in Small Businesses
Accounting is an essential part of running a business, but for many small business owners, it can quickly become overwhelming. What starts as a...
5 min read
The Small Business Guide to Organizing for Tax Season
Running a small business is exciting—but let's be honest, tax season is not.
4 min read
Dispelling 10 Federal Tax Myths and Misconceptions
In the complex world of federal taxes, myths and misconceptions can lead to costly mistakes and missed opportunities — especially for business owners...
5 min read
Is Your Venture a Partnership for Tax Purposes?
If you're involved in a business or investment venture with one or more co-owners, you may have an unintended partnership for federal income tax...