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...
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
Small Business Tips
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...
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...
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...
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
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
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...
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
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...
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...
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...
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...
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...
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.
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:...
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...
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),...
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...
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...
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...