Are you ready to save money on your taxes by making the most of meal deductions? Understanding how to navigate IRS guidelines can unlock savings that many individuals overlook. Imagine putting that extra cash toward your business or even a fun family outing!...
Bad Bookkeeping Costs Your Business Do you know where your money is going? If you're running a business, keeping your finances in check is crucial. But what happens when your bookkeeping isn’t up to par? Bad bookkeeping can lead to missed opportunities, costly...
Reading financial reports can feel overwhelming, but it’s a vital skill for any business owner. Knowing how to interpret a balance sheet and profit & loss statement helps you make informed decisions about your business’s future. You’ll gain insights into your...
Paying yourself as a small business owner isn’t just about transferring money from your business to your personal account, it’s a decision that should be guided by your business structure and long-term goals. If your business is structured as an S Corporation...
As a small business owner, choosing the right accounting services is crucial for managing your finances effectively. When doing so, you might consider whether monthly or annual accounting is the better fit for your business. Each approach has its own set of benefits,...
As a small business owner juggling daily tasks and dreaming of the day you can have someone else handle your accounting, you might be wondering: What is the true accountant cost, and how much should you budget for one? So, let’s talk about the factors that influence...
When It's Time to Fire Your Accountant (And How to Spot the Signs Early) Let’s be real, firing your accountant is never easy. Maybe you've worked together for years. Maybe you run into them at community events or even consider them a friend. But when they...
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...
Running a business demands precision and discipline, especially when it comes to financial matters. One common pitfall that entrepreneurs should steer clear of is mixing business and personal finances. This practice occurs when business finances and personal expenses...
Modern CPA for Business Owners: The Strategic Advantage You Didn’t Know You Needed Why Traditional CPA Firms Fall Short As a business owner, you’re constantly juggling a million priorities: increasing revenue, making payroll, hiring new talent—and more. While...
When hiring, you may find yourself considering whether to hire a new employee as just that, an employee, or hire them as a 1099 independent contractor. Before you make a decision, know that there are specific guidelines surrounding each type and what your...
Trust Accounting Compliance: 6 Mistakes Law Firms Must Avoid In working with law firms, we see a wide range of trust accounts—and a wide range of processes firms use to stay compliant with trust accounting rules. Unfortunately, many firms unknowingly make costly...