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...
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Small Business Accounting
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...
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...
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
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
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...
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
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.
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...
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...
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...
3 min read
From Flights to Meals: A Guide to Business Travel Tax Deductions
As a business owner, you may travel to visit customers, attend conferences, check on vendors, and for other purposes. Understanding which travel...
2 min read
How Businesses Can Prepare for and Respond to an IRS Audit
The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its audit...
3 min read
IRS Explains the Differences Between Tips and Service Charges
Employers in restaurants, hotels, casinos, and other service industries must comply with the tax rules associated with tips. To assist them, the IRS...
3 min read
Tax-Smart Way to Hold Investment Real Estate
Real estate can be an attractive long-term investment. However, the legal entity you select to own property can have important tax implications....
3 min read
Most Small Businesses are Required to Report "Beneficial Ownership Information" (BOI) to Feds by the end of 2024
The Corporate Transparency Act (“CTA”) was enacted into law and requires most businesses to report certain “beneficial ownership information” (“BOI”)...
2 min read
Three Areas of Focus for Companies Looking to Control Costs
Controlling costs is fundamental for every business. However, the location and method of addressing this challenge can change over time based on...
2 min read
Four Ways Businesses Can Better Control Cash Flow
From the minute they open their doors, business owners are urged to monitor cash flow closely. For good reason, even companies with booming sales can...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
1 min read
What Accounting Services Does My Small Business Need?
One of the most common statements we hear from prospective clients is, “I don’t know what services my business needs.” At first glance, accounting...