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.

Hurricane Victims: Is it a good idea to take a hardship loans from your 401(k) to get cash?

Posted on Oct 3, 2017 2:08:43 PM

To help the victims of the most recent hurricanes, the IRS has decided to relax some of its rules, which would allow these victims to take out hardship loans against their 401(k) retirement accounts. Although having this money may help you to replace some of your possessions, it may not be the best course of action for everyone.

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Are late payments impacting your small business? Here’s what you can do

Posted on Sep 12, 2017 10:30:00 AM

When your customers don't make their payments on time, it can impact your business in many ways. You may not have the capital you need to purchase additional inventory, pay your own bills or expand when you need to. Fortunately, there are steps you can take to reduce the impact of late payments on your cash flow.

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What you can do this summer to make tax season easier for your small business

Posted on Aug 8, 2017 11:00:00 AM

During the summer, taxes are probably far from the top of your mind. However, even though the next tax season is still many months away, you should still be taking steps to reduce what you owe. Here are some tips you can use to make the next tax season easier for your small business.

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Why You Should Consider Hiring a New Grad For Your Small Business

Posted on Jul 27, 2017 11:45:00 AM

As a small business owner, you know how important it is to hire the right people to represent your company. Having the right people on staff improves your reputation and ensures maximum profitability. However, while you may think that this means you need to hire the employees with the most experience in the field, that isn't always the case. New college graduates also have qualities that will make them a valuable addition to your team.

Some of the benefits you can expect when you hire a recent college graduate include:

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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.

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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.

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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.

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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.

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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.

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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.

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