5 min read
Wrap Up Your Business Year with Big Tax Savings
With year-end rapidly approaching, many business owners are focusing on budgeting and strategic planning for 2025. But you shouldn't overlook...
Small Business Blog
Accounting and payroll resources for small business owners.
Easily filter through articles and find what you want to learn below.
Valuable Business Articles & Updates
Small Business Tips
2 min read
Family Business Focus: Taking It to the Next Level
Family businesses often start small, with casual operational approaches. However, informal (or nonexistent) policies and procedures can become...
2 min read
What Small Business Owners Need to Know About BOI Filing - December 2024 Update
The Corporate Transparency Act (CTA) brought new requirements for businesses to report Beneficial Ownership Information (BOI) to the feds. However, a...
3 min read
Six Reasons to Separate Real Estate from Your Business Assets
When businesses acquire real estate, they often title it under the company name. Although this might seem straightforward and logical, it's not...
3 min read
From Flights to Meals: A Guide to Business Travel Tax Deductions
As a business owner, you may travel to visit customers, attend conferences, check on vendors, and for other purposes. Understanding which travel...
4 min read
Business Owners: Beware of the Limits on Deducting Losses
Even successful businesses occasionally incur losses. Start-ups and expanding businesses often have unprofitable years, and unexpected events like...
2 min read
Which Leadership Skills are Essential to Strategic Planning?
Businesses need to engage in some form of strategic planning to help ensure continued stability and profitability. A recent survey by insurance giant...
2 min read
Why an LLC Might Be the Ideal Choice for Your Small to Medium Size Business
Choosing the right business entity is a key decision for any business. The entity you pick can affect your tax bill, personal liability, and other...
1 min read
2024 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. Keep in mind that this list isn't...
4 min read
Department of Labor Updates Rules on Worker Classification
Navigating Worker Classification: How to Keep Your Small Business on Track with the Department of Labor's New Rules If you're a small business owner...
3 min read
Paying Out Tips - Daily, Weekly, Payroll?
Do you remember your first day of work at your job? I remember being equally excited for the new adventure and anxious about how well I would do. I...
4 min read
Hiring Employees: 7 Tips to Help Attract the Best
In today's labor market, some small businesses — including restaurants, delivery services, retail stores, and manufacturers — struggle to attract and...
3 min read
How Long Do You Have to Retain Payroll Records?
The Social Security Administration and the IRS have issued a joint publication that offers valuable pointers for employers who want to clean up their...
3 min read
Most Small Businesses are Required to Report "Beneficial Ownership Information" (BOI) to Feds by the end of 2024
The Corporate Transparency Act (“CTA”) was enacted into law and requires most businesses to report certain “beneficial ownership information” (“BOI”)...
2 min read
Strategic Planning for Businesses Needs to Include Innovation
When the leadership teams of many companies engage in strategic planning, they may be inclined to play it safe. And that’s understandable; sticking...
2 min read
Three Areas of Focus for Companies Looking to Control Costs
Controlling costs is fundamental for every business. However, the location and method of addressing this challenge can change over time based on...
3 min read
How to Protect Your Business from Payroll Fraud Schemes
Payroll fraud threatens any business that pays employees or contractors. Unfortunately, this type of financial crime can go undetected for...
2 min read
Closing a Business Involves a Number of Tax Responsibilities
While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close...
3 min read
Deducting Start-Up Costs for Federal Tax Purposes
There's been a significant increase in new business applications in recent years. Finance company NerdWallet estimates that 2.8 million new business...
2 min read
Four Ways Businesses Can Better Control Cash Flow
From the minute they open their doors, business owners are urged to monitor cash flow closely. For good reason, even companies with booming sales can...
6 min read
What Can Your Small Business Do Now to Lower Taxes for 2024?
Summer is a good time to take stock of how your small business is doing this year and consider options for reducing your 2024 federal income tax...
2 min read
Be Aware of the Tax Consequences of Selling Business Property
You should understand the tax implications if you’re selling property used in your trade or business. Many complex rules can potentially apply. To...
2 min read
Know Your Hiring Costs
At some point, all business decisions come down to dollars and cents. How much will it cost to implement a particular program, and what's the...
2 min read
Businesses Must Face the Reality of Cyberattacks
With each passing year, as networked technology becomes more and more integral to how companies do business, a simple yet grim reality comes further...
2 min read
Three Ways Business Owners Should Look at Succession Planning
Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of...
3 min read
Moving Your Business? Keep Employees Well Informed
Moving is widely considered one of life's most stressful events — and that's just going from one residence to another. Imagine moving an entire...
2 min read
Six Things Restaurant Owners Should Look for in an Accounting Service Provider
Running a restaurant can be challenging, to say the least. Handling finances while managing day-to-day operations can be overwhelming. That’s why...
2 min read
Growing Your Business with a New Partner: Here Are Some Tax Considerations
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...
7 min read
Updated Guidance on Business Vehicle Depreciation
The rules for deducting depreciation expenses on vehicles used for business purposes have been liberalized under current tax law, but they remain...
2 min read
Why Some Businesses Choose to Execute a Pivot Strategy
When you encounter the word “pivot,” you may think of a politician changing course on a certain issue or perhaps a group of friends trying to move a...
2 min read
You May Want to Separate Real Estate Assets from Your Business
Many companies choose not to combine real estate and other assets into a single entity. Perhaps the business fears liability for injuries suffered on...