Take Your Small Business Further

With Tax-Saving News And Tips

“Small business” and “taxes” are two terms often associated with stress. Padgett wants you to know that it doesn’t have to be that way. Read our blog to become more comfortable and confident with small business finance, tax and more.

The Top Accounting Challenges Small Businesses Face

Posted on Sep 19, 2018 10:00:00 AM

Accounting is an important component of business operations, regardless of the size of the company. However, smaller businesses often face unique accounting challenges that larger businesses may not encounter. Below are some of the most common accounting challenges small businesses can face.

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Employee or Contractor? What is the Gig Economy and Why is it Blurring the Line?

Posted on Sep 5, 2018 9:00:00 AM

When any individual is working for your company, you are faced with the task of classifying that person as an employee or an independent contractor. This classification has implications for both wages and taxes, so it is important to classify every individual correctly. However, thanks to the rise of the "gig economy," it has become more difficult for businesses to accurately distinguish between employees and independent contractors.

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Effective Ways to Keep Your Business Finances Well Organized

Posted on Aug 22, 2018 10:00:00 AM

As a business owner, you need to manage your finances effectively in order to operate your business successfully and maximize profitability. In order to manage your finances well, you need to be organized. Below are some tips to help you keep your finances organized and easy to understand.

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5 Accounting Challenges Startups Face and How to Fix Them

Posted on Aug 8, 2018 9:10:00 AM

When you start a new business, establishing solid accounting practices is essential to your success. However, many startups face accounting challenges that make it more difficult for them to get off on the right foot. Here are five of the most significant accounting challenges your startup may face, along with tips for dealing with them.

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How Small Businesses can Recover Debt and Improve Cash Flow

Posted on Jul 25, 2018 4:00:00 PM

Small businesses rely on a solid flow of cash to keep their businesses operating efficiently and profitably. However, when you have unrecovered debts, your cash flow suffers. Below are some tips to help you recover unpaid debts and improve your cash flow.

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Common Cash Flow Issues and How to Avoid Them

Posted on Jul 10, 2018 3:45:34 PM

A healthy cash flow is a necessity for any small business. Unfortunately, cash flow problems are all too common among businesses of all sizes. Avoiding the most common cash flow issues is one of the best ways to ensure that your business continues to operate successfully. Below are some of the most common cash flow problems you may encounter, as well as tips for avoiding them.

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Payroll Mistakes Your Business Must Avoid

Posted on Jun 28, 2018 7:00:00 AM

If you have one or more employees, payroll is an essential component of your business operations. Mistakes in payroll can be expensive and inconvenient for your company, so it is important to ensure accuracy at all times. Here are some of the most common payroll mistakes businesses make and how you can avoid them.

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Is Tax Reform Really Helping Small Businesses?

Posted on Jun 12, 2018 12:00:00 AM

Those in favor of the new tax law argued that it would boost small businesses by giving them much-needed breaks on taxation. However, since the law has been passed, the idea that it would be truly helpful for small businesses has been up for debate. Although this reform certainly provides some benefits for smaller businesses, not all businesses will enjoy the same advantages under the new law.

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Pros and Cons of Outsourcing Your Small Business Payroll

Posted on May 24, 2018 9:30:00 AM

If you own a small business and you employ one or more people, payroll is part of your responsibilities. Because handling your own payroll can be overwhelming if you don’t have the time or resources you need, you may decide to outsource this task to a third-party provider. Here are some of the pros and cons of outsourcing your small business payroll:

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Why Hiring Recent Grads Makes Sense for Your Business

Posted on May 11, 2018 8:00:00 AM

Recent college graduates often have a hard time finding jobs. In order to qualify for many positions, a graduate needs experience. However, they can't gain this experience without first getting a job. Although it may seem like it is a risk to hire a recent graduate, bringing these individuals on staff can actually provide many benefits for your company. Some of the benefits of hiring a recent graduate include:

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