2 min read
BOI Reporting Updates: What Small Businesses Need to Know
BREAKING UPDATE: January 1, 2025 On 12/31, the U.S. Department of Justice (DOJ) has filed an emergency application with the Supreme Court seeking a...
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
TMA Favorites
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...
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...
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
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
How TMA's Payroll Service Works
Twenty-five years ago, TMA was focused solely on helping small businesses get a handle on bookkeeping and taxes. Providing payroll services was not...
2 min read
Setting Goals for Your Small Business
Setting goals plays a pivotal role in shaping the success and growth trajectory of small businesses. It's a practice that every small business owner...
1 min read
The Value of Using One Service Provider for Accounting, Payroll, and Taxes
Navigating the landscape of accounting and payroll decisions is an essential choice for small business owners. There are advantages to bringing these...
2 min read
What is Bookkeeping, and Why is it important for Small Businesses?
Running a small business requires you to understand the financial health of the business. Most people know that a business’s financial statements...
2 min read
QuickBooks – Pros and Cons for Small Businesses
QuickBooks is by far the most popular software system to streamline bookkeeping for small businesses, with many programs in its arsenal. Among them,...
1 min read
What Accounting Services Does My Small Business Need?
One of the most common statements we hear from prospective clients is, “I don’t know what services my business needs.” At first glance, accounting...
1 min read
Have You Outgrown the Year-end Accounting Approach?
When you start a small business, many items are on your to-do list. While bookkeeping, accounting, taxes, and payroll may not be your favorite...
2 min read
Six Reasons TMA May Not Be a Good Fit for Your Business
We believe that investing in good accounting processes can benefit most small businesses. While we love helping small business owners, not everyone...
2 min read
What Makes TMA Accounting Different from Other Accounting Firms?
Each accounting firm or service provider has their own way of operating and serving their clients. While the goal for each is ultimately the same,...
2 min read
Why an Accounting Service is Worth the Cost for Your Small Business
Running a small business requires the owners to juggle a lot. These tasks can take up much, if not most, of your time. So, it can be hard to keep...
2 min read
Why is Good Bookkeeping so Difficult (and Important)?
TMA Accounting has been helping small businesses with their bookkeeping for nearly 25 years. While a lot can happen in 25 years, we appreciate our...
2 min read
How does TMA Accounting Determine the Prices it Charges to Clients?
TMA determines our regular fees based on a formula we’ve developed that considers the volume and complexity of the work to be performed. This...
2 min read
How Better Bookkeeping Helps Me Understand Profitability and Taxes
Often, small business owners juggle various responsibilities while trying to grow their business. Bookkeeping and tax compliance tasks often get less...
2 min read
What Services Does TMA Accounting Provide?
In the ever-changing landscape of running a small business, having a relationship with a reliable accounting firm can be a great asset to your...
2 min read
How to Transition to a New Accounting Firm
It is not uncommon for small business owners to find themselves working with an accounting firm that isn’t a great fit for their needs. A mismatch...
2 min read
What You Should Expect from a Great Accounting Team
A Great Accounting Team AND YOUR NEEDS! One of the challenging things a small business owner must do is to create and maintain accurate and reliable...
2 min read
Can My Business Afford an Accounting Service?
Have you ever asked yourself the question, can my business afford an accounting service? My guess is yes. Generally, the small business owners we...
2 min read
Annual Accounting Services vs. Monthly Accounting Services
When starting a small business, determining how you’ll handle the bookkeeping, accounting, and taxes isn’t exactly the first thing people choose to...