by Tiffany Phillips | Jan 17, 2025 | Accounting, Capital Gains, Finance, Income Tax, Tax Planning
As we step into 2025, many of us have big goals for our businesses. Whether it’s scaling to new heights, expanding our services, or simply creating more balance, there’s one key strategy that could make all the difference: delegation. I know what you might be...
by Tiffany Phillips | Jan 8, 2025 | Capital Gains, Deductions, Finance, Income Tax, Installment Sale, Like-Kind Exchanges
2024 ended with a jarring surprise for many small business owners: the abrupt closure of Bench Accounting on December 20th. As one of the most recognized online bookkeeping services, Bench’s shutdown left countless customers scrambling to access their financial...
by Tiffany Phillips | Jan 3, 2025 | Capital Gains, Deductions, Finance, Income Tax, Installment Sale
As a business owner, your relationship with your CPA or tax professional can be a game-changer. Yet, many entrepreneurs don’t realize that their CPA’s approach can either maximize their tax savings or leave money on the table. In this post, we’ll explore the critical...
by Tiffany Phillips | Dec 27, 2024 | Accounting, Capital Gains, Deductions, Finance
Have you been told that your biggest expense as a business owner is payroll? Many of us have. And while wages are undeniably a large line item, they’re not actually your biggest expense. In fact, it might surprise you to learn that the most significant drain on your...
by Tiffany Phillips | Dec 18, 2024 | Accounting, Capital Gains, Deductions
If you’re like most small business owners, your days are packed. Between growing your business, managing your team, and keeping customers happy, there’s barely time to catch your breath—let alone think about taxes. But here’s the thing: tax planning doesn’t have to be...
