by Estess CPA | Aug 31, 2021 | Accounting, Small Business Toolkit
Your business structure defines the legal status of your business. Each business structure comes with its own advantages and disadvantages as well as consequences for tax liability. It is important that you choose the arrangement that best meets your goals. ...
by John Estess | Jul 10, 2021 | Accounting, Small Business Accountant, Small Business Finances, Small Business Toolkit, Tax Planning
You may have heard Ben Franklin’s famous saying,” ‘In this world nothing can be said to be certain, except death and taxes.” Business owners may not be able to avoid paying taxes entirely. However, there are ways to reduce your tax liability. ...
by Estess CPA | Dec 20, 2020 | Small Business Accountant, Small Business Finances, Small Business Toolkit
Preparing year-end reports ought to be the “crowning point” of every business’ financial year. With proper planning, solid accounting practices, and expert financial reporting assistance, the process should be readily embraced and not avoided....
by Estess CPA | Jun 30, 2019 | Small Business Finances, Small Business Toolkit
Here are two business truths: (1) Every business needs to manage cash, pay its employees, keep its financial records, pay its bills and process its taxes; and (2) Every business needs to have someone who will handle all the critical accounting functions. The...
by Estess CPA | May 15, 2019 | Small Business Toolkit
For business owners in New Orleans and surrounding areas, understanding various financial statements is a critical part of running an effective and profitable business. From balance sheets to profit and loss statements, a business owner is tasked with making sense of...
by Estess CPA | Apr 15, 2019 | Small Business Toolkit
There are numerous metrics and data points that your small business should be tracking; one of the most important is business income. Indeed, an income statement is an essential financial statement that a business uses to understand its financial performance over a...
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