Don't Panic Receiving a notice from the IRS can be stressful and confusing, but it doesn’t have to be. Knowing how to respond can help you resolve the issue quickly and avoid further complications. By following the right steps, you can protect your business, avoid...
Scaling Your Small Business: Key Strategies for Growth Ready to grow your small business but unsure where to start? Here’s a quick guide to three essential strategies for successful scaling: Enhance Customer ExperienceHappy customers are your best asset. Gather...
Key red flags that have the potential to trigger an audit include reporting high income, forgetting to include income from W-2s and 1099s, excessive charitable donations, and the misuse of deductions like home office expenses and vehicle costs. There are also concerns...
How you pay yourself is crucial and depends on your business structure. If you run an S or C Corporation, you’re likely required to take a salary and for sole proprietors, you'll take an owner distribution. Regardless, it’s important to establish your compensation...
An employee handbook is more than just a collection of company policies; it is a crucial tool for setting the expectations of a positive workplace culture. However, crafting an effective handbook can be challenging and it is easy to make mistakes. Here are four common...
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...
Let’s get straight to the point: taxes can be a headache, especially when you're running a small business. But what if your CPA could turn that headache into a win? That’s exactly what happened with one of our newest clients. She switched over to us from another CPA...
Running a successful business entails navigating various challenges, with financial management standing as a cornerstone of success or failure. Despite offering exceptional products or services, inadequate financial decisions can lead to business downfall. Here, we...
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...
As businesses flourish and expand, success brings both excitement and its fair share of hurdles. Growing companies realize the importance of attracting top-notch talent to ensure continued prosperity. However, despite striving to provide attractive compensation...
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. ...