TMA Accounting

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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...

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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%...

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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'...

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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...

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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...

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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...

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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...

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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...

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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...

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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,...

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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...

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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...

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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...

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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...

Illustration of payroll management showing a laptop screen with a payroll calendar, a large salary slip, stacked coins, a calculator, a pencil, and a businessperson standing beside the laptop, representing financial planning and payroll cost analysis.

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...

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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...

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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...

financial statement on a desk with a pen and calculator next to it

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.

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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...

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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...

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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...

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2 min read

Questions About Taxes and Tips? Here Are Some Answers for Employers

Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants,...

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2 min read

How to Evaluate and Undertake a Business Transformation

Many industries have undergone monumental changes over the last decade or so. Broadly, there are two ways to adapt to the associated challenges:...

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1 min read

TMA Accounting Named One of Indiana’s Best Places to Work

At TMA Accounting, we believe that a strong team culture is the foundation of exceptional service. That’s why we’re thrilled to announce that we have...

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2 min read

So Many KPIs, So Much Time: An Overview for Businesses

Business owners are urged to monitor performance using key performance indicators (KPIs) from the moment they launch their companies. And for good...

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4 min read

Insights Into Small Business Bankruptcies

Many U.S. businesses filed for bankruptcy last year. Through the end of the third quarter of 2024 (the latest available statistics at this writing),...

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1 min read

Avoid Mixing Personal and Business Accounts

Small business owners and independent contractors always look for ways to save time. If you run your own business (or want to start one), having a...

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5 min read

Ready, Set, File: 8 Tax Deductions You Might Not Know About

Years ago, many taxpayers itemized deductions instead of claiming the standard deduction. However, fewer taxpayers are itemizing today due to a bevy...

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2 min read

Important Tax Figures for 2025

Every year, the amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. This chart...

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2 min read

Embrace the Future: Sales Forecasting for Businesses

So, how are sales looking for next year? It’s not a rhetorical question. Your business should be able to look ahead and accurately estimate how its...

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2 min read

Operating as a C Corporation: Weigh the Benefits and Drawbacks

When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and...