5 min read
3 Best Practices for Keeping Business and Personal Accounts Separate
When you own a business, your personal and business finances can easily get tangled up. At first, it might not seem like a big deal. You pay for...
Small Business Blog
Accounting and payroll resources for small business owners.
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Valuable Business Articles & Updates
5 min read
5 Signs Your Accountant Isn’t Doing Enough
As a small business owner, you wear a lot of hats—marketer, manager, problem-solver, and sometimes even bookkeeper. With so much on your plate, it’s...
7 min read
Business Accounting Apps Compared: QuickBooks vs Xero vs FreshBooks
When it comes to running a small business, there’s one thing that’s always on your mind: money. Are you spending too much? Can you afford to hire...
5 min read
How to Handle a Large Tax Bill as a Small Business Owner
Getting hit with a large tax bill can feel like a punch to the gut, especially when you weren’t expecting it. For small business owners juggling...
4 min read
3 Reasons Small Business Owners Get Tax Surprises
Imagine this: You’ve wrapped up a successful year. Sales are up, customers are happy, and you’re feeling confident about your business. Then, tax...
5 min read
3 Essential Financial Statements and Why They Matter for Your Business
Let’s be honest—most business owners don’t get excited about financial statements. They’re full of numbers, charts, and accounting terms that can...
7 min read
5 Common Tax Mistakes Caused by Poor Bookkeeping
Small business owners often face enough pressure managing day-to-day operations without the added stress of tax season. Between juggling client...
5 min read
What Accounting Services Does My Business Need?
Running a small business is an exciting journey, but let’s be honest—managing finances isn’t always the most exciting part. In fact, for many...
5 min read
Monthly vs. Year-End Accounting: An Honest Comparison
Running a small business means juggling a lot, but one thing you can’t afford to ignore is your finances. A surprise tax bill, a cash flow issue, or...
2 min read
6 Ways Employers Can Address Payroll Costs During Economic Uncertainty
Payroll is one of the biggest costs for most small to midsize employers. If this holds true for your organization, you may be looking at the year...
2 min read
6 Essential Tips for Small Business Payroll Tax Compliance
Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships, and even legal...
3 min read
FinCEN-Related Fraud Heats Up: How to Avoid Getting Burned
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) recently identified an increase in fraudsters using the bureau's...
2 min read
Business Owners Should Get Comfortable with Their Financial Statements
Financial statements can fascinate accountants, investors, and lenders. However, for business owners, they may not be real page-turners.
3 min read
Planning for the Future: 5 Business Succession Options and Their Tax Implications
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders...
7 min read
Understanding Accounting Complexity in Small Businesses
Accounting is an essential part of running a business, but for many small business owners, it can quickly become overwhelming. What starts as a...
5 min read
The Small Business Guide to Organizing for Tax Season
Running a small business is exciting—but let's be honest, tax season is not.
4 min read
Dispelling 10 Federal Tax Myths and Misconceptions
In the complex world of federal taxes, myths and misconceptions can lead to costly mistakes and missed opportunities — especially for business owners...
5 min read
Is Your Venture a Partnership for Tax Purposes?
If you're involved in a business or investment venture with one or more co-owners, you may have an unintended partnership for federal income tax...
2 min read
Questions About Taxes and Tips? Here Are Some Answers for Employers
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants,...
2 min read
How to Evaluate and Undertake a Business Transformation
Many industries have undergone monumental changes over the last decade or so. Broadly, there are two ways to adapt to the associated challenges:...
1 min read
TMA Accounting Named One of Indiana’s Best Places to Work
At TMA Accounting, we believe that a strong team culture is the foundation of exceptional service. That’s why we’re thrilled to announce that we have...
2 min read
So Many KPIs, So Much Time: An Overview for Businesses
Business owners are urged to monitor performance using key performance indicators (KPIs) from the moment they launch their companies. And for good...
4 min read
Insights Into Small Business Bankruptcies
Many U.S. businesses filed for bankruptcy last year. Through the end of the third quarter of 2024 (the latest available statistics at this writing),...
1 min read
Avoid Mixing Personal and Business Accounts
Small business owners and independent contractors always look for ways to save time. If you run your own business (or want to start one), having a...
5 min read
Ready, Set, File: 8 Tax Deductions You Might Not Know About
Years ago, many taxpayers itemized deductions instead of claiming the standard deduction. However, fewer taxpayers are itemizing today due to a bevy...
2 min read
Important Tax Figures for 2025
Every year, the amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. This chart...
2 min read
Embrace the Future: Sales Forecasting for Businesses
So, how are sales looking for next year? It’s not a rhetorical question. Your business should be able to look ahead and accurately estimate how its...
2 min read
Operating as a C Corporation: Weigh the Benefits and Drawbacks
When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and...
2 min read
Growing the Business Means Supporting Your Managers
Many different shortcomings can hold back the growth of a company. Some are obvious, such as poor cash flow management or flawed strategic plans....
5 min read
2025 Tax Outlook for Businesses and Their Owners
The Republicans will soon control the White House and both chambers of Congress, likely opening the door for major tax legislation next year. Here...
3 min read
BOI Reporting Updates: What Small Businesses Need to Know
BREAKING UPDATE: March 21, 2025 The government, on Friday, March 21, significantly narrowed the scope of Beneficial Ownership Information (BOI)...