Protecting Tax Records Before the Next Natural Disaster Strikes

natural disaster, tax records, protecting tax records

When preparing for a natural disaster, your emergency preparedness planning could make the difference between staying in business and losing everything. People tend to think about the supplies they’ll need or how to best protect their property – picking up extra gallons of water or securing heavy items in your office like bookcases, refrigerators, and…

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A Refresher On What the Tax Cuts and Jobs Act Changed

taxes, Tax Cuts and Jobs Act, tax season, tax brackets, tax changes

The Tax Cuts and Jobs Act (TCJA) became official in late December 2017. The most substantial overhaul of the tax code in three decades, the TCJA cut taxes for individuals and businesses starting in 2018. Even in 2020, the changes this act made to our tax code are a lot to remember, especially since some…

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How the COVID-19 Pandemic Has Changed the Way We Pitch to Investors

pitching to investors, covid-19 pandemic, pitch to investors, pitching to investors

Small businesses and entrepreneurs depend on investors to get their business off the ground, keep it afloat, and even take it to the next level. Without investors, many businesses that have found success would’ve never gotten the opportunity.  While an investor can do a lot for the right small business, investors are often hard to…

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Will the IRS Extend the Tax Deadline Past July 15?

extend the tax deadline, small business taxes, 2020 tax deadline

Every year, small businesses are forced to rush through their taxes to get them filed by the April 15th deadline. This year was different, though. From the onset, the federal government knew the troubles small businesses will be facing throughout this year and decided to extend the 2020 tax deadline.  This helped a large number…

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Did the Senate Extend the Small Business Paycheck Protection Program?

paycheck protection program, certified public accountant, small business

Small businesses across the United States have been hit extremely hard since the COVID-19 pandemic started to sweep the country. Some businesses have found a way to survive and even excel during these difficult times; however, others have seen costly disruptions — and some have even been forced to shut down completely.  With small businesses…

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What Should You Do If Clients Fail to Pay?

small business situations, non-paying customers, failure to pay

Owning a business can be extremely fun and rewarding. You’ll meet a lot of great people, satisfy a wide range of customers, and even learn a little about yourself in the process.  Unfortunately, owning a small business will also come with various challenges, moments of frustration, and times where you’ll be tested. One of these…

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Should You Be Hiring Employees or Independent Contractors?

employees, independent contractors, small business taxes

When putting together a business plan, you’ll likely be planning for a day when you can afford to expand your team and start hiring people to work for you. As an owner, it allows you to delegate certain daily tasks and free up more of your time — without the company taking a hit.  In…

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Small Business Owners Need to Understand These Financial Reports

small business owners, financial reports, income statements, cash flow statements, balance sheets

Measuring the success of your business can be done in a wide variety of ways. Small business owners need to know how to measure success in each of these ways, especially since certain areas of your business may thrive while other areas struggle.  Because of this, understanding financial reports becomes extremely important for small business…

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Planning an Effective Pay Scale for Your Small Business

small business, pay scale, payroll planning, certified public accountant

Any small business that plans on growing will have to eventually hire employees or individual contractors to help carry the day-to-day workload. As much as business owners wish they could do it themselves — that way they know it’s being done right — there simply isn’t enough time in the day to support that.  Before…

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What Do You Need to Know About the July 15 Tax Deadline?

tax deadline, july 15 tax deadline, small business tax return

2020 has been such a crazy year, and we’re only halfway through it. From the very beginning, small businesses knew this year was going to be different and present a wide variety of challenges that have never been seen before.  Now well into June, small businesses are being forced to dig deep and find a…

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