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.

Is your small business booming? Here’s how to handle the extra cash flow

Posted on Jul 11, 2017 11:00:00 AM

The goal of every small business is to grow, thrive and increase profitability. However, once you start earning more money, you may find that you aren't sure what to do with it. If you don't manage your small business cash flow properly, you won't continue to prosper. In the worst cases, poor management of extra cash flow may even harm your business in the long run.

Here are some tips to help you handle the extra cash flow and ensure that your business continue to boom.

Read More

Own a seasonal small business? Here are the most effective strategies for hiring employees

Posted on Jun 28, 2017 1:44:40 PM

Owning and operating a seasonal business comes with unique challenges. One of the challenges you may face involves finding enough quality employees to keep your company running smoothly. Below are some tips to help you find employees who are willing to work on a seasonal basis but also provide the level of service you need.

Read More

4 Ways You Can Get Your Small Business Cash Flow Back on Track

Posted on Jun 5, 2017 1:00:00 PM

As a small business owner, you rely on a healthy cash flow to keep your company running smoothly. Without enough cash in hand, you can't pay your employees, purchase new inventory, or keep your equipment in operation. Unfortunately, when you are a small business working with limited financial resources, even minor disturbances in cash flow can deplete your reserves, causing big problems. Here are four ways to get your cash flow back on track and improve your profitability.

Read More

How to Overcome Small Business Hiring Challenges

Posted on May 22, 2017 10:00:00 AM

Most small business owners know that hiring the right people is essential to their success. However, small businesses often face hiring challenges that don't affect larger organizations. Here are some of the most common hiring challenges facing small businesses today, as well as tips for overcoming them.

Read More

Missed the deadline to file your Schedule C business tax return? Here are your next steps.

Posted on May 8, 2017 10:00:00 AM

For most small business taxpayers filing schedule C with their personal income tax return, the filing deadline has now passed. If you haven't already filed your return or requested an extension, it's now too late to do so. However, you can minimize the damage and the associated expense by following these simple steps.

Read More

5 Great Ways to Invest Your Tax Refund

Posted on Apr 18, 2017 10:00:00 AM

Preparing a tax return is no one's favorite task, but most people will have to submit one every year. Fortunately, if you are entitled to a tax refund, filing your tax return ends in an exciting reward. Although it may be tempting to use your tax refund to purchase something frivolous, such as a new flat screen or a weekend away from home, this may not be the best choice. Here are five smart ways you can spend your tax refund money this year.

Read More

Is your small business maximizing its deductions? 5 things to capitalize on this tax season

Posted on Apr 5, 2017 8:50:10 AM

When you own a small business, tax season can be a stressful time. However, you can lower your tax liability by maximizing the small business tax deductions you claim against your income. Here are five small business deductions you need to remember when you prepare your taxes this year.

Read More

Avoid becoming a victim to scams this tax season with these 4 tips

Posted on Mar 29, 2017 3:19:09 PM

It's tax season, and small business taxpayers everywhere are vulnerable to scams. A tax scam can come in many different forms, but the goals are usually similar. Scammers want to find a way to benefit financially, so they may try to steal your identity, your tax refund or important account information. In other cases, a scammer may simply try to charge you an exorbitant fee for some unnecessary or harmful service, such as the preparation of a fraudulent return. To avoid falling victim to a tax scam this year, follow these four tips.

Read More

How Accurate Financial Reporting Contributes to Small Business Success and Growth

Posted on Nov 16, 2016 12:12:27 PM

Although accounting-related tasks are an integral part of the management of every business, few business owners enjoy the time they spend dealing with their books. Most business owners would rather focus on their products and service, as perhaps they should. Nonetheless, having access to current financial information is essential in order to ensure the success of the company. An example of this would be financial reporting.

Read More

Keeping Your Business' Financial Records Safe

Posted on Sep 20, 2016 10:00:00 AM

Regardless of the size of your business, you are likely to accumulate a lot of financial records as you operate. Because you may need to refer to these documents for financial planning, collection or tax purposes in the future, it is important to keep them safe and organized. Follow the steps below to create a file storage and organization system that works for your business.

Read More