What methods can you implement when you file your business tax return as an employer, owner, and operator of a small business? Efficiently filing your taxes can maximize deductions and credits, shelter revenue, and contribute to employee benefit plans. The following...
Financial Challenges for Small Businesses Many small businesses lack the capacity and financial muscle to effectively manage specific functions. Preparing financial statements and complying with federal tax laws are among the most challenging tasks that can...
The Pitfalls of DIY Bookkeeping and Accounting Most business owners don’t enjoy bookkeeping or accounting. Yet they carry on because they have a do-it-yourself (DIY) attitude and think hiring an accountant is a luxury. After all, why not work a little later and do the...
How cash flows in and out of your business is a lynchpin for understanding business finance. There is a vast difference between making money and managing it. So often, entrepreneurs start a business because they love creating a new widget or offering a leading-edge...
Let’s face it. Small business is challenging. You have goals and a great vision for success. But there is so much to do! You have people challenges, competitive challenges, service challenges, and financial challenges. Don’t despair and don’t try to...
As certified public accountants, we know all too well the pain and pressure of tax season. Every year, businesses scramble to gather their financial information, search for deductions, and ensure everything is in order for the IRS. But did you know that starting your...
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