Blog
The One Mistake Keeping Your Business from Explosive Growth in 2025
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...
Private Equity Takeover Shocker: What Bench Accounting’s Fall Means for You
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...
Part 2: Your CPA Might Be Working Against You – Here’s How to Tell
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...
Part 1: Your CPA Might Be Working Against You – Here’s How to Tell
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...
State Tax Loophole Every Entrepreneur Needs to Know About!
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...
BRICS Tariffs & Trump 2025: What Small Business Owners Need to Know
As we move into 2025, the economic landscape is poised for significant changes, especially with the re-election of Donald Trump and his stance on BRICS tariffs. This article aims to dissect what these tariffs mean for the economy, small business owners, and the...
Mastering 2024 Taxes: W-9s, 1099s, and Year-End Accounting Tips
As the year winds down, Thanksgiving and holiday festivities are upon us. While this season is full of excitement, it’s also the perfect time to prepare for tax season. The hustle and bustle of the holidays may make it tempting to procrastinate, but taking action...
From Cash Flow Struggles to Surplus: The Tax Secrets You Need Now
If you're a business owner, you've likely experienced moments when cashflow feels tight. Whether it's due to an off-season, unexpected expenses, or slower payments from clients, the need for immediate cash can lead to stress and scrambling for solution. But what if...
How Trump’s Tax Policies Could Impact Your Business: Key Takeaways for Small Business Owners
The election is behind us, and as Donald Trump prepares to step back into office, one major question looms for small business owners: How will this affect our taxes? Regardless of where you stand politically, understanding the potential shifts in tax policies is...
How the Election Could Impact Your Taxes as a Business Owner
Every election cycle brings questions and concerns about potential tax policy changes, and this year is no different. For small business owners, understanding what lies ahead in terms of tax policy is crucial for planning and long-term financial health. Let’s dive...
10 Sales Tax Rule for Small Business Owners
Sales tax—just reading those words might make your head spin! If the rules around state sales taxes make you want to bury your head in a mountain of paperwork, you’re not alone. Many small business owners feel overwhelmed by sales tax laws, especially when selling...
The Power of Tax Advisory: How Phillips Business Group is Helping Small Businesses Save
When running a small business, managing taxes can often feel overwhelming. Many small business owners simply focus on meeting deadlines and filing their tax returns, unaware of the potential savings that could be achieved with a proactive tax...
Phillips Business Group LLC: Houston’s Top CPA Firm of 2024
Phillips Business Group LLC has been recognized as Houston's Best CPA Firm of 2024, raising the bar for tax advisory and financial planning in the city. Known for their creative tax-saving strategies, this firm helps small business owners reduce their tax...
8 Common Financial Mistakes Small Business Owners Are Making (And How to Avoid Them)
Operating a business is not for the faint of heart. There are many challenges that can trip you up, create confusion, and hinder your business growth. However, with the right knowledge, you can avoid these pitfalls and ensure your business thrives. In this article,...
How to Protect Your Small Business from the #1 Audit Risk
Running a small business often feels like juggling a dozen tasks at once. Between managing your team, handling sales, and keeping customers happy, your business finances can sometimes slip through the cracks. However, if there’s one area you absolutely need to get...
