Trimming the Fat: Identify and Eliminate Unnecessary Expenses
Running a small business is a constant exercise in balancing growth with financial responsibility. Every dollar counts and identifying areas where...
Combined Insurance & Accounting: Better Coverage, Less Hassle
One of the first questions that comes to mind when considering insurance from an accounting firm is “why choose this option over a traditional...
Beneficial Ownership Information (BOI) Reporting Update
As we close Q1 we wanted to provide an update on this new reporting requirement as required by FINRA. Recently, a federal district court in Alabama...
What is Workers' Compensation?
At its core, workers' compensation protects employees from injuries and illnesses that occur while working at their place of employment. Regardless...
The Importance of Understanding the Financial Statement Balance Sheet
Understanding the ins and outs of the financial statement balance sheet can seem daunting. Whether you're a business owner or simply interested in...
Understanding Pass-Through Entity Taxation: Save Thousands in Taxes
Pass-through entity taxation is a concept that might sound complex at first, but it's actually a game-changer for small business owners. In this...
What to know before selling a small business
Are you thinking about selling your business? If retirement is on your horizon, you're not alone. At one time, many small business owners are...
5 Tips to Increase Sales and Revenue for Small Businesses
Sustainable small business growth doesn't happen by chance. The most successful business owners clearly define their goals, create a plan, actively...
Demystifying BOI: Guide to Beneficial Ownership Information Reporting
Many small business owners may feel overwhelmed at the thought of yet another reporting requirement. However, BOI, or beneficial ownership reporting...
Make the Most of End of Year Bonuses for Your Employees
Year-end planning is focused on reducing taxable profit. One popular way to reward employees and mitigate taxes is by issuing year-end bonuses. ...
Maximizing Depreciation for the Best Tax Position
When it comes to maximizing depreciation deductions before the end of the year, timing is critical. It's important to start thinking about this well...
Managing, Reducing and Controlling Debt
Debt can be a double-edged sword when it comes to its impact on a business. It has the potential to either propel a company towards success or plunge...