Blog
Bonus Depreciation: Big Changes Coming
All good things must come to an end. On December 31, 2022, one of the best tax deductions ever for businesses will end: 100 percent bonus depreciation. If you're like most small business owners, you want to maximize your tax deductions prior to the end of the year....
Most Common Reasons Businesses Overpay Taxes
According to the IRS, taxpayers have the right to only pay the amount of tax legally due, including penalties and interests. However, so many businesses end up overpaying their taxes because of simple mistakes or misunderstandings of the tax laws. That's sad, but...
Budget Tips for Business Growth
No matter what stage your business is in, budget tips will play an important part in ensuring its success. But when you're trying to grow your business, having a clear understanding of your finances and being proactive about planning can make all the difference. To...
Using Data-Driven Decision-Making to Grow
Businesses now have access to more data than ever before. But what good is all that data if you don't know how to use it? If you have siloed, unused data, it is probably costing your business money and missed opportunities. This is why Data-driven decision-making...
Managing Cash Burn in Your Business
Do you have a handle on cash burn in your business? Entrepreneurs and business owners have to delicately balance multiple dicey factors when it comes to their company's finances. They have to make sure they're making enough revenue to cover costs and turn a profit,...
How to Track and Manage Business Cash Flow
If your business is struggling with cash flow, you are not alone. Small and medium businesses consider this particular financial metric one of their top 5 challenges. In fact, studies show a sizable portion of businesses fail due to cash flow issues. Cash...
5 Common Tax Planning Mistakes
Are you certain you're not making tax planning mistakes in your business? As an entrepreneur, you often have to wear many hats and juggle many balls. You must manage your team, focus on your product or service, and find new ways to grow your business. It's no...
Are Your Actions Aligned With Your Business Financial Goals?
As your business grows, planning and goal setting become more important to maintain your company's financial health. Your business goals should direct your overall financial strategy, including saving, spending, and...
Mid-Year Tax Planning Checkup
Many small business owners consider tax planning the business equivalent of a root canal. They know it's both necessary and important to do a tax checkup, but they're not particularly eager to do it. Given those feelings, which are certainly understandable, it's...
Starting with Profit in Your Tax Plan
Many things are turning out to be different in the post-pandemic economy, and that includes your tax plan. It may or may not turn out to be the new normal when we finally clear the pandemic, but at this point, one thing we do know is that many of the rules have...
How to Create Meaningful Business Goals
Business goals have meaning. You create them for a reason. But given enough time, you’ll have a page ranging from the fantastical to “nice-to-have” goals. So what makes a goal meaningful? How do you create a meaningful goal? 5 Steps to Creating Meaningful Business...
How Tech and Strategy Build Your Tax Plan
The pressures of shifting global markets, more demanding disclosure requirements, and uncertain economic conditions are forcing companies to re-evaluate their tax plan. Tax planning is no longer about maximizing deductions and minimizing taxes owed; rather, it's...
7 Reasons To Choose A Modern CPA Firm
If your past experiences in accounting haven't been amazing, you probably haven't worked with a modern CPA firm. As a business owner, you may be wondering whether you should use a bookkeeper, or a CPA firm to manage your finances. Bookkeeping accountants typically...
A Better Future is Found in Your Accounting
Money doesn’t buy happiness, as the adage goes. And that’s true in both personal and business finances. Companies that make a lot of revenue fail all the time. People who make a high level of income aren’t inherently happy, either. That said, the statement on our...
7 Benefits of Outsourced Accounting Services
If you're working hard to scale your small business, you know how challenging it is to find and hire an experienced accountant that will take care of your business's finances. While many business owners believe that accounting and bookkeeping need to be done inside...
