What you need to know about the Employee Retention Credit in 2022
The Coronovirus Aid, Relief, and Economic Security (CARES) Act contains a business relief provision known as the Employee Retention Credit (ERC), a...
How to use the pass-through entity tax in Wisconsin or Illinois
The Tax Cut and Jobs Act of 2017 had many long-ranging implications, but perhaps none more significant than its effect on itemized deductions and how...
How to calculate overtime in a bi-weekly pay cycle for Wisconsin and Illinois
A common question we hear from our clients is how to calculate overtime in a bi-weekly cycle. That’s because overtime is calculated in Illinois and...
How to pick an insurance carrier for your small business
You have a ton of responsibility as a small business owner, but there’s one thing that often gets lost in the shuffle when you’re starting out that...
How small businesses can cut costs & improve cash flow in a recession
Is there a recession coming? We don’t know what the future holds, but it’s always important for your small business to be ready for anything – which...
Should your small business buy property?
For most small businesses, it’s the dream to eventually own the building that your business operates out of. After all, historically real estate has...
Creating a foundation for small business growth
Growth is probably one of your goals this year for your small business – and if it isn’t, it should be. That said, not all growth is created equal....
Which Entity Type Is Right For Your Small Business?
According to the Bureau of Economic Analysis, S corporations account for 76.8% of corporations with less than 500 employees and 37.3% of corporations...
How to Grow Your Small Business Through Mergers and Acquisitions
As part of our continuing series on how to grow your small business the right way, today we look at mergers and acquisitions. Acquisitions can be a...
Why a CPA should be the first hire at your startup
It may not be where your hiring strategy goes first, but it should be. 90% of start ups fail. Often that’s because owners see it as their duty to do...
What a recession might mean for your restaurant
A recession is bad for all businesses but can be especially rough on restaurants. Margins are already tight, and staffing issues can often compound...
How to Read Financial Statements: A Small Business Owner’s Guide
It’s easy to want to skip to the "bottom line" of your financial statements, but like any great story, you’ll need context for the ending to make...