Strategic planning is the secret to making your business goals a reality. Waiting until the last minute to create your 2025 plan can lead to missed opportunities and rushed decisions. By starting your strategic planning now, you’ll gain clarity, stay ahead, and enter...
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A Guide to Giving Holiday Bonuses
Nov 5, 2024 | Blog, Business Coaching, Business Operations
As the holiday season approaches, many small business owners consider ways to show appreciation to their hardworking employees. One impactful gesture that goes beyond seasonal cheer is giving holiday bonuses. When looking to implement a bonus structure in your...
How to Resolve Delinquent Tax Returns
Are you a small business owner with overdue tax returns? We understand that your business is your passion, and it can feel daunting to admit you need help. We're here to tell you that it's not reasonable to expect yourself to suddenly be an expert in tax and...
Payroll Service Cost Overview
Oct 16, 2024 | Blog, Business Operations
Are you curious about how much payroll services really cost? In this video, Joy Lutz from Aligned CPA breaks down the factors that influence payroll service costs, helping you make an informed decision for your business. Managing payroll can be time-consuming and...
How to Read Your Financial Reports
Oct 3, 2024 | Accounting, Blog, Business Coaching, Business Operations
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...
Is My Passion a Business or Hobby?
Sep 25, 2024 | Blog, Business Coaching, Business Operations
Let's Figure It Out If you’re making money from something you love, that's fantastic! But have you considered whether your passion is classified as a business or just a hobby by the IRS? Understanding this distinction is crucial for managing your taxes effectively and...
What Should I Do If I Received an IRS Notice
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...
Strategies for Scaling Your Small Business
Sep 5, 2024 | Blog, Business Coaching
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...
The Top IRS Red Flags
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...
What Should I Pay Myself?
Aug 19, 2024 | Accounting, Blog
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...
4 Mistakes to Avoid in Your Employee Handbook
Aug 13, 2024 | Blog, Business Coaching, Business Operations
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...
Monthly vs Annual Accounting
Jul 29, 2024 | Accounting, Blog
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,...