Blog
Year-end SMB Tax Planning Checklist
As 2022 draws to a close, it is time for SMB owners to start thinking about their tax planning checklist for the coming year. Planning ahead and taking proactive steps now will help reduce the burden of taxes and make filing easier come April. We believe that...
5 Signs You Might be Overpaying Taxes
The end of the financial year (EOFY) is an important time for your business. It's a time to reflect on your successes and failures over the last 12 months and to set goals for the coming year. It's also a time to review your expenses and ensure you're up-to-date...
How to Evaluate 2022 While Planning for 2023
We are just 2 months away from the new year, and you've likely started planning for 2023. Have you thought about how your business fared in 2022 and what steps you need to take to ensure a successful year in 2023? Like in all spheres of life, it is important...
Simple steps for a smooth accounting year-end
For many firms, accounting is such a huge pain point. It's time-consuming and tedious and can often lead to big headaches come tax season. We just entered Q4, and it'll be time for year-end tax filings before you know it. Do you find the year-end closing process to...
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...
