Smart Business BLOG

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From compliance and payroll to planning for growth, we break down complex topics that shape the decisions behind how you run, invest in, and grow your business.

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small business accounting

A confident female small business owner stands in a warm, inviting restaurant, smiling with a sense of financial security and success. She wears a white blouse and blue jeans, embodying both professionalism and approachability. The softly lit background features wooden tables and modern decor, symbolizing a thriving, well-managed business. The image conveys empowerment, smart financial planning, and the ability to say ‘yes’ to growth opportunities in 2025.

5 Steps to Take Control of Your Finances: Smart Budgeting for 2025

Let’s be real—budgeting gets a bad rap. People hear the word and immediately think restrictions, cutbacks, and spreadsheets from hell. But a budget...

small business accounting
Discover 6 steps for measuring a company's growth and set the stage for continued success and expansion.

6 Steps to Measure a Company’s Growth

In the fast-paced world of business, growth isn’t just a buzzword—it’s a necessity. For small business owners and entrepreneurs, understanding and...

small business accounting
Discover what to look for in a good CPA for a small business.

How to Evaluate Your CPA's Performance

Looking for the perfect CPA for your small business is like finding a key teammate; it's crucial for your success. But wondering if your CPA is...

small business accounting
Learn the crucial difference between profit margin and markup in small business accounting.

Markup and Margin Explained: Stop Pricing Mistakes & Boost Profits

Running a business isn’t just about selling great products or services—you’ve gotta price them right, too. And if you're mixing up markup and profit...

small business accounting restaurant automotive repair
Learn how transition your small business for a successful exit.

Small Business Exit Strategy: A Guide to Transitioning Your Company

Are you a small business owner considering transitioning out of your company? This is a significant milestone, and careful planning is key to a...

small business accounting business strategy retirement
identify and eliminate unnecessary expenses in your small business.

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...

small business accounting business strategy
Getting insurance from an accounting firm streamlines your financial management, improves communication, and ensures accurate coverage for your business needs.

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...

payroll + hr + compliance small business accounting insurance
Update: BOI reporting requirements for your business

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...

small business accounting business strategy
Understand your balance sheet and make informed decisions for your business.

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...

small business accounting
Learn key tips and strategies to maximize your profit when selling a small business.

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...

small business accounting restaurant business strategy automotive repair
Maximizing Depreciation for the Best Tax Position

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...

small business accounting tax strategy
Differentiating between good and bad debt can help you make informed decisions to safeguard your financial health.

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...

small business accounting tax strategy
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