6 min read
What is a Schedule K-1?
You open your mailbox and spot something that looks official—an IRS form labeled “Schedule K-1.” You’ve never seen one before, and suddenly your tax...
Small Business Blog
Accounting and payroll resources for small business owners.
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Valuable Business Articles & Updates
6 min read
Sole Proprietorship vs. Partnership vs. S-Corp Which Business Structure is Right for You?
When starting or growing a business, one of the most important decisions you’ll make is how to structure it.
5 min read
No Tax on Some Tips or Overtime? What These New OBBB Rules Mean for Your Business
The One Big Beautiful Bill Act (OBBB) introduced a wave of tax code changes aimed at supporting small businesses, simplifying compliance, and...
6 min read
What's a Business Owner Tax Preview?
Tax time shouldn’t feel like a surprise party that ends with the IRS handing you the bill.
6 min read
The Hidden Costs of Filing a Tax Extension — And How to Avoid Them
Filing a tax extension seems like an easy way to buy time, right? But for small business owners, it can quietly cost more than you expect.
2 min read
Businesses Can Strengthen Their Financial Positions with Careful AP Management
Running a successful business calls for constantly balancing the revenue you have coming in with the money you must pay out to remain operational and...
6 min read
Top 5 Questions Smart Business Owners Ask Their Accountants
As a business owner, you already wear too many hats. One minute you're solving staffing issues, and the next you're figuring out how to keep the cash...
5 min read
Individual Tax Credits You Can't Afford to Overlook
Tax credits are the most valuable tax breaks available. Each dollar of credit equals a dollar of tax savings. By comparison, if you're in the 32%...
2 min read
Four Ways That Family Business Owners Can Transfer Their Wealth
Many family business owners reach a point in their lives when they start thinking about not only their own retirements, but also their families'...
2 min read
How Can Your Business Set the Stage for Organic Sales Growth?
For businesses looking to reach the next level of success, there’s no bigger star than organic sales growth. Simply defined, this is achieving an...
3 min read
Crypto May Be Cool, But It's Not Tax-Free
The popularity of cryptocurrency — including Bitcoin, Ethereum and Dogecoin — continues to hold steady, if not grow. But no matter how cool crypto...
5 min read
How the One Big Beautiful Bill Act Affects Small Businesses
If you own a small business, the so-called One Big Beautiful Bill Act is going to affect you.
5 min read
How TMA Determines Monthly Pricing for Accounting, Tax, and Payroll Services
Let’s face it—when it comes to accounting, taxes, and payroll services, most small business owners are flying blind when trying to budget. Pricing...
4 min read
How to Grow a Small Business: 5 Accounting Mistakes to Avoid
Growing a small business can feel like a dream coming true.
6 min read
Best Restaurant POS Systems Compared: Toast, Clover, and Square
Running a restaurant is exciting, but it’s not easy. On any given day, you’re juggling orders, staff, inventory, payments, and maybe even a few...
5 min read
8 Questions to Ask When Shopping for a New Accountant
Imagine this: It’s late February, and tax deadlines are right around the corner. You email your accountant—again—asking for clarity about a deduction...
5 min read
3 Ways Accountants Help Small Businesses Beyond Tax Time
If the only time you hear from your accountant is in March or April, you might be missing out on the best part of the relationship.
5 min read
How Often Should You Check Your Financial Statements?
Running a small business is hard enough. Between managing employees, keeping customers happy, and juggling the day-to-day, it’s easy to let financial...
2 min read
TMA Named PASBA’s Large Firm of the Year—Here’s What That Really Means
At the May 2025 conference of the Professional Association of Small Business Accountants (PASBA), held at the Opal Sol Resort in Clearwater, Florida,...
2 min read
Business Owners Can Rest Easier with Sound Cash Flow Management
Slow cash flow is one of the leading causes of insomnia for business owners. Even if sales are strong, a lack of liquidity to pay bills and cover...
6 min read
What's the Difference Between Profit and Distributions?
Many small business owners see a healthy profit on their books and assume they can take that money home right away. But it’s not that simple. There’s...
2 min read
Companies Should Take a Holistic Approach to Cybersecurity
Today’s businesses have two broad choices regarding cybersecurity: wait for something bad to happen and react to it, or proactively address the...
5 min read
5 Common Accounting Frustrations (and How to Find a Better Solution)
If you’ve ever felt like your accountant just doesn’t “get” your business, you’re not alone. Many small business owners feel overlooked, confused, or...
5 min read
5 Common Business Entities and Their Tax Implications
Choosing the right business entity is one of the most important decisions entrepreneurs make when launching or restructuring a business. The type of...
4 min read
8 Life Events that May Change Your Tax Situation
Life is full of changes, and many significant milestones can affect your tax situation in unforeseen ways. Whether you're getting married, welcoming...
5 min read
It’s Time to Handle Business Expenses Like a Pro
As a small business owner, you wear a dozen hats. You're leading your team, driving sales, managing customer relationships—and somewhere in the...
5 min read
5 Ways to Prevent Cash Flow Problems in Your Business
Running a small business takes hard work, long hours, and smart decision-making. Whether you’re managing a restaurant, a dental practice, or a home...
5 min read
What's the Difference Between Accounting and Bookkeeping?
Is accounting just a fancy word for bookkeeping, or are they totally different?
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...