Cash Flow Management for Subscription-Based Revenue Models
If you’re running a subscription-based business, you’re in the game of recurring revenue—a model full of potential for steady income but...
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Oct 294 min read
Hiring Seasonal Employees: What SMBs Need to Know About Payroll Taxes
For many small businesses, the busy season means bringing in extra hands to keep operations running smoothly. Whether you run a retail...
Oct 172 min read
Navigating the Corporate Transparency Act: Essential Insights and Compliance Reminder for SMBs
As we have previously shared , the deadline for compliance with the Corporate Transparency Act (CTA) is quickly approaching, and small...
Oct 144 min read
IRS Penalties: What Triggers Them and How to Avoid or Reduce Them
Tax season can be stressful, especially if you're worried about penalties. Whether you're an individual or a small business owner, IRS...
Oct 144 min read
IRS Provides Relief for Hurricane Helene Victims
The Internal Revenue Service has announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including...
Jul 273 min read
Special Tax Deduction for Self-Employed Health Insurance
In the labyrinth of tax regulations, the self-employed health insurance deduction stands out as a beacon of relief for self-employed...
Mar 226 min read
Biden's Tax Agenda
During his State of the Union Address before Congress on March 7, 2024, President Biden presented an overview of his tax agenda proposed...
Mar 23 min read
The Importance of Separating Personal and Business Finances
One fundamental financial practice that often gets overlooked, yet holds immense importance, is the separation of personal and business...
Feb 143 min read
2024 Standard Mileage Rates
As it does every year, the Internal Revenue Service recently announced the inflation-adjusted 2024 optional standard mileage rates used...
Nov 13, 20233 min read
Corporate Transparency Act Reporting Requirements
This article shares very important information about new government reporting requirements effective January 2024 for all small...
Oct 11, 20236 min read
Employee or Independent Contractor? – A Primer
It is not uncommon for employers to misclassify employees as independent contractors, either to intentionally avoid their withholding and...
Sep 27, 20234 min read
Research Credit Doubled by the Inflation Reduction Act
The Inflation Reduction Act that President Biden signed into law in August of 2022, has a provision that could benefit many small...
Sep 26, 20232 min read
The Hidden Costs of Sloppy Bookkeeping
A recent Stanford study reviewed the aftermath of the Enron collapse and the repercussions to Enron's accounting firm's former clients....
Dec 1, 20213 min read
5 Basic Tips for Accounting
When you decided to start your own company, you likely focused on the products or services you were selling, along with your amazing...
Nov 23, 20217 min read
Don’t miss out! Tax-Saving Strategies to Consider Before Year-End
With the holiday season upon us, the 2021 tax preparation season will soon follow. With the end of the tax year just around the corner,...
Nov 20, 20218 min read
Understanding the Taxation of Cryptocurrency Transactions
If you have purchased, owned, sold, gifted, made purchases with, or used cryptocurrency in business transactions, there are certain tax...
Oct 14, 20215 min read
Bookkeeping 101: Best Practices to Get the Best Financial Outcome From Your Organization
If you had to make a list of some of the most critical elements of running a business that most new entrepreneurs don't think enough...
Sep 29, 20214 min read
The Art of Running a Successful Family Business
At its core, a family business is exactly what it sounds like: a company or other enterprise owned, operated, and actively managed by at...
Sep 28, 20213 min read
The Importance of a Well-Oiled Accounting Function
Though it’s natural for management to focus on its profit-making areas, the importance of a sound accounting foundation to support the...
Aug 20, 20211 min read
SBA Announces Opening of PPP Direct Forgiveness Portal
The U.S. Small Business Administration (SBA) recently launched a streamlined application portal to allow borrowers with Paycheck...
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