Growth can come in many different forms (even in pruning… more on that another day). If you’re planning to grow your business this year you need to get very clear on the HOW. How are you going to grow? That can be the overwhelming part, but it doesn't have to be. ...
Blog
What Small Businesses Need to Know About Accounting
Mar 5, 2024 | Accounting, Blog
If you’re a business owner you probably started your business because you had an idea or a marketable skill set, not necessarily because you understood business. And as your business has grown, your skills have improved. We see this a lot in our clients, but what we...
Introduction to Estimated Taxes
Estimated taxes are a crucial part of the tax system for self-employed individuals, freelancers, business owners, and those with significant investment income. Understanding who needs to pay estimated taxes, when these payments are due, and how to calculate them is...
Can I Afford to Hire an Employee?
Feb 12, 2024 | Blog, Business Coaching
Determining whether your business is ready to hire an employee requires careful analysis and consideration. You need to assess your company's financial position and calculate return on investment before ultimately deciding if hiring is the best path forward for your...
8 Tax Penalties Your Business Should Know About
The IRS (Internal Revenue Service) imposes various tax penalties on businesses for non-compliance with tax laws and regulations. It's important for businesses to be aware of these penalties to avoid costly consequences. We've compiled a list of the eight most common...
What Do Payroll Services Cost?
Feb 1, 2024 | Blog, Business Operations
Managing payroll is a fundamental aspect of running a business, and many companies opt to outsource this task to professional payroll service providers. While outsourcing payroll can save time and reduce the risk of errors, one of the critical questions business...
Is an S-Corp The Best Option for My Business?
Choosing the right entity for your business is a crucial decision that can have significant outcomes for your financial, tax, and operational aspects. Among the various options available, the S-Corporation, or S-Corp for short, is a popular choice for many small...
Financial Success for Law Firms: A Case Study
Jan 10, 2024 | Blog, Business Coaching
An esteemed attorney began his legal practice in 2018 with the goal of using his law degree and prior experience to continue to serve his existing and new clients while also providing for his family. As his practice rapidly expanded, the demands of running a growing...
Effective Compensation Strategies to Attract Ideal Employees
Jan 4, 2024 | Blog, Business Coaching
As your business grows and evolves, the need to hire key employees becomes imperative. However, the decision to bring in new talent involves not only questions of affordability but also the critical task of determining appropriate compensation. Crafting an effective...
1099 Reporting: Everything You Need to Know
As another year has quickly passed, it’s time for our business clients (and landlords) to prepare for issuing 1099’s. The 1099 reporting window from year end to due date is short, with reporting due no later than January 31, 2024. Here is what we think you need to be...
Avoiding the Pitfalls of Mixing Business and Personal Finances
Dec 11, 2023 | Accounting, Blog, Business Coaching
Running a business demands precision and discipline, especially when it comes to financial matters. One common pitfall that entrepreneurs should steer clear of is the commingling of business and personal funds. This practice occurs when business finances and personal...
Leveraging Financial Data for Optimal Business Performance
Dec 1, 2023 | Blog, Business Coaching, Business Operations
Many businesses have some sort of accounting software such as QuickBooks to help manage finances and then provide financial statements such as a balance sheet and income statement to help you gauge the financial performance of your business. Do you find...