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Accounting

  • 'These are my people': Supporting an entrepreneur's dream When Paula Klein decided to make her dream of running her own business a reality, she was confident in her ability to attract clients and excited to do the work. Where she needed a little bit of help was in navigating some of the day-to-day business tasks that come with ... Continue Reading
  • Five questions to ask before you switch payroll services As we prepare for the new year, many businesses are considering whether they should change their payroll services partner in 2021. Outsourcing your payroll services can offer some much-needed flexibility so you can keep the focus on your customers, while also providing the ... Continue Reading
  • How to spread some cheer and save on your taxes through holiday gift-giving Who doesn’t love opening a present this time of year? Spreading that holiday cheer through a gift to your employees and customers is a great way to get in a festive spirit and thank them for their hard work, especially during a challenging year like 2020! Remember that only ... Continue Reading
  • Ways you can help your employees without getting hit by the IRS It’s in our nature to want to lend a hand and help those who have fallen on hard times, and during the COVID-19 pandemic there are plenty of people who could use a bit of grace and compassion. The challenge as a business owner is finding a way to ensure the help you want to ... Continue Reading

Bookkeeping

  • Surprise, you’re self-employed! So, now what?: Tax tips for Uber and DoorDash drivers Making a little extra cash always is an enticing thing, and many people have put their car to work for them. Food delivery companies such as DoorDash, UberEats, Postmates, and Grubhub have boomed in the past year, while Uber and Lyft remain popular options for folks looking ... Continue Reading
  • 'These are my people': Supporting an entrepreneur's dream When Paula Klein decided to make her dream of running her own business a reality, she was confident in her ability to attract clients and excited to do the work. Where she needed a little bit of help was in navigating some of the day-to-day business tasks that come with ... Continue Reading
  • What you ought to know about estimated tax payments The economic impact of the COVID-19 pandemic has led to a surge in the growth of self-employed workers who rely on freelance opportunities or contract work. If you’re one of the countless Americans who have hung up your own shingle – or if you own property or collect money ... Continue Reading
  • Three reasons why 'buying local' is the right move when choosing a payroll partner “Buying local” is an important sentiment these days, for a variety of reasons. It drives our local economies, and keeps more money circulating in our communities. And it’s not just your favorite coffee shop or bookstore that offers that local touch, but also your accounting, ... Continue Reading

Business Analysis

  • Three things to know about managing your cash flow As a small business owner, have you ever taken a closer look at your cash flow situation? If not, it’s something you might want to consider doing on a regular basis. For starters, understanding your cash flow can give you the information you need to make smart choices for ... Continue Reading
  • 'Locking' taxpayer accounts could bolster cybersecurity With more and more resources shifting to online and cloud-based resources – particularly in an environment that is embracing remote work options – minimizing fraud and enhancing cybersecurity standards are imperative. This includes taxpayers as they begin to eye the ... Continue Reading

Business Performance

  • Six things you should know about the new stimulus deal Some long-awaited and much-needed relief for U.S. businesses is on the way as Congress has approved -- and the president has signed -- legislation for a second round of stimulus to aid those impacted by the COVID-19 pandemic. The bulk of the $900 billion stimulus package is ... Continue Reading
  • Three things to know about managing your cash flow As a small business owner, have you ever taken a closer look at your cash flow situation? If not, it’s something you might want to consider doing on a regular basis. For starters, understanding your cash flow can give you the information you need to make smart choices for ... Continue Reading
  • Building a culture of integrity At the most basic level, integrity is doing the right thing solely because it’s the right thing to do. What do you do when no one else is watching? How do you behave when it matters the most? Crafting a strong culture of integrity in your business is important, enabling you ... Continue Reading
  • Stop The Bleeding: Get Tax Help Now To Protect Your Profits If you’re familiar with our blog, then you know the importance of getting tax help not just around March and April, but year-round. Most small business owners have day-to-day issues and responsibilities that are far more pressing than taxes. Yet there is a big difference ... Continue Reading

Business Strategies

  • Finding balance in life and in business How Padgett is serving Rick Mathes and Egoscue Clinic of Austin, Texas “I was looking not just for an accountant, but for an accountant who wanted to be a partner. My feeling was Scott and Padgett wanted to help our business thrive.” -- Rick In the blink of an eye, Rick ... Continue Reading
  • What’s in ARPA, the newest round of economic stimulus? A third round of stimulus is poised to infuse the American economy with $1.9 trillion in economic aid with a significant portion going to enhance existing programs that have offered a lifeline to businesses throughout the COVID-19 pandemic. Known as the American Rescue Plan ... Continue Reading
  • Why this year's tax filing experience will be like no other Back when we were heading into 2021, there were signs that this year’s tax filing would be a very different experience when compared to previous years. Now, as we continue to emerge from the grip of the COVID-19 pandemic, measures such as the Paycheck Protection Program, ... Continue Reading
  • What you ought to know about estimated tax payments The economic impact of the COVID-19 pandemic has led to a surge in the growth of self-employed workers who rely on freelance opportunities or contract work. If you’re one of the countless Americans who have hung up your own shingle – or if you own property or collect money ... Continue Reading

Business Tips

  • Surprise, you’re self-employed! So, now what?: Tax tips for Uber and DoorDash drivers Making a little extra cash always is an enticing thing, and many people have put their car to work for them. Food delivery companies such as DoorDash, UberEats, Postmates, and Grubhub have boomed in the past year, while Uber and Lyft remain popular options for folks looking ... Continue Reading
  • 'These are my people': Supporting an entrepreneur's dream When Paula Klein decided to make her dream of running her own business a reality, she was confident in her ability to attract clients and excited to do the work. Where she needed a little bit of help was in navigating some of the day-to-day business tasks that come with ... Continue Reading
  • Be mindful of these common tax mistakes If you own your own business, it might be because you decided to pursue a personal passion or because you recognized an opportunity in the market where you could be successful. Passion and opportunity, however, don't always mean you’re ready for many of the realities that ... Continue Reading
  • Finding balance in life and in business How Padgett is serving Rick Mathes and Egoscue Clinic of Austin, Texas “I was looking not just for an accountant, but for an accountant who wanted to be a partner. My feeling was Scott and Padgett wanted to help our business thrive.” -- Rick In the blink of an eye, Rick ... Continue Reading

Cash Flow

  • Three things to know about managing your cash flow As a small business owner, have you ever taken a closer look at your cash flow situation? If not, it’s something you might want to consider doing on a regular basis. For starters, understanding your cash flow can give you the information you need to make smart choices for ... Continue Reading
  • Why Cash Flow Analysis is Important for Small Businesses As a small business, you rely on a healthy cash flow to give you the resources to continue operating your company successfully. For this reason, you need to manage your cash flow carefully, which typically involves regular cash flow analysis. Below is some information to ... Continue Reading
  • How to Keep a Rolling 120-Day Cash Flow Forecast If you want to keep your business as profitable as possible, you need to be able to predict the inflow and outflow of cash. One of the best ways to manage cash flow is with a rolling 120-day cash flow forecast. What Is a Rolling 120-Day Cash Flow Forecast? A rolling 120-day ... Continue Reading
  • 5 Ways to Manage & Increase Small Business Cash Flow Small businesses need a healthy flow of cash in order to operate effectively and maximize their profitability. However, for many small businesses, maintaining a reliable cash flow can be a challenge. Below are five ways your small business can manage and/or increase its cash ... Continue Reading

Company Morale

  • How to spread some cheer and save on your taxes through holiday gift-giving Who doesn’t love opening a present this time of year? Spreading that holiday cheer through a gift to your employees and customers is a great way to get in a festive spirit and thank them for their hard work, especially during a challenging year like 2020! Remember that only ... Continue Reading
  • Ways you can help your employees without getting hit by the IRS It’s in our nature to want to lend a hand and help those who have fallen on hard times, and during the COVID-19 pandemic there are plenty of people who could use a bit of grace and compassion. The challenge as a business owner is finding a way to ensure the help you want to ... Continue Reading
  • Building a culture of integrity At the most basic level, integrity is doing the right thing solely because it’s the right thing to do. What do you do when no one else is watching? How do you behave when it matters the most? Crafting a strong culture of integrity in your business is important, enabling you ... Continue Reading
  • How to Keep up Company Morale in Small Businesses Company morale can have a significant impact on productivity. For this reason, it is important to keep employee attitudes as productive and optimistic as possible. Below are some tips to help you maximize company morale in your small business. 1. Monitor employee morale. ... Continue Reading

COVID-19

  • A tax credit for child care? How to get ready for this summer Summertime is almost here, and that means vacations, BBQs and baseball games. But often, it means scrambling to figure out what your kids are going to do during the summer break - especially if you’re a working parent! Now is the time to ensure your child has something safe ... Continue Reading
  • If you’re self-employed, this PPP rule change might mean a bigger loan Thanks to a recently revised rule from the Small Business Administration, self-employed individuals now can access potentially larger loans through the Paycheck Protection Program (PPP). This rule allows contractors, gig-economy workers, freelancers and other self-employed ... Continue Reading
  • Where’s the money? Three reasons your tax refund might be delayed in 2021 Wondering why it's taking longer to get your tax refund this year? While the IRS aims for a turnaround of under three weeks when issuing refunds to those who electronically file their tax return, this year could result in a more drawn out, frustrating process for many. If ... Continue Reading
  • Restaurant Revitalization Fund: It’s not just for restaurants The newly passed Restaurant Revitalization Fund (RRF) is here to offer restaurants, bars, caterers, food trucks and others some extra financial help as we transition into a period of recovery. Part of the American Rescue Jobs Act, it includes $28.6 billion of funding for the ... Continue Reading

CPA

  • Get your business ready for tax time with these four tax tips For many, tax time may conjure up visions of last-minute meetings, late-night number crunching and racing to beat the deadline to file a return. With tax deadlines right around the corner, however, it’s more important than ever to swap that hectic approach with one that is ... Continue Reading
  • How to spot the difference between a CPA and Enrolled Agent Filing your taxes can be a complicated and time-consuming process, particularly if you own a business and are focused on the day-to-day needs of its operations. Finding a tax professional who can help you is important. When most people think of finding tax help, they often ... Continue Reading

Employee Pay

  • If you’re self-employed, this PPP rule change might mean a bigger loan Thanks to a recently revised rule from the Small Business Administration, self-employed individuals now can access potentially larger loans through the Paycheck Protection Program (PPP). This rule allows contractors, gig-economy workers, freelancers and other self-employed ... Continue Reading
  • IRS announces unemployment changes that may impact your tax return Have you already filed your tax return for the year? And did you report your unemployment payments in that return only to see the American Jobs Rescue Plan (ARPA) modify the need for some taxpayers to include that compensation? If so, there’s no need to worry – or possibly ... Continue Reading
  • What you ought to know about estimated tax payments The economic impact of the COVID-19 pandemic has led to a surge in the growth of self-employed workers who rely on freelance opportunities or contract work. If you’re one of the countless Americans who have hung up your own shingle – or if you own property or collect money ... Continue Reading
  • Three reasons why 'buying local' is the right move when choosing a payroll partner “Buying local” is an important sentiment these days, for a variety of reasons. It drives our local economies, and keeps more money circulating in our communities. And it’s not just your favorite coffee shop or bookstore that offers that local touch, but also your accounting, ... Continue Reading

Employee Wages

  • 'These are my people': Supporting an entrepreneur's dream When Paula Klein decided to make her dream of running her own business a reality, she was confident in her ability to attract clients and excited to do the work. Where she needed a little bit of help was in navigating some of the day-to-day business tasks that come with ... Continue Reading
  • If you’re self-employed, this PPP rule change might mean a bigger loan Thanks to a recently revised rule from the Small Business Administration, self-employed individuals now can access potentially larger loans through the Paycheck Protection Program (PPP). This rule allows contractors, gig-economy workers, freelancers and other self-employed ... Continue Reading
  • IRS announces unemployment changes that may impact your tax return Have you already filed your tax return for the year? And did you report your unemployment payments in that return only to see the American Jobs Rescue Plan (ARPA) modify the need for some taxpayers to include that compensation? If so, there’s no need to worry – or possibly ... Continue Reading
  • What you ought to know about estimated tax payments The economic impact of the COVID-19 pandemic has led to a surge in the growth of self-employed workers who rely on freelance opportunities or contract work. If you’re one of the countless Americans who have hung up your own shingle – or if you own property or collect money ... Continue Reading

Employees

  • 'These are my people': Supporting an entrepreneur's dream When Paula Klein decided to make her dream of running her own business a reality, she was confident in her ability to attract clients and excited to do the work. Where she needed a little bit of help was in navigating some of the day-to-day business tasks that come with ... Continue Reading
  • If you’re self-employed, this PPP rule change might mean a bigger loan Thanks to a recently revised rule from the Small Business Administration, self-employed individuals now can access potentially larger loans through the Paycheck Protection Program (PPP). This rule allows contractors, gig-economy workers, freelancers and other self-employed ... Continue Reading
  • Finding balance in life and in business How Padgett is serving Rick Mathes and Egoscue Clinic of Austin, Texas “I was looking not just for an accountant, but for an accountant who wanted to be a partner. My feeling was Scott and Padgett wanted to help our business thrive.” -- Rick In the blink of an eye, Rick ... Continue Reading
  • What’s in ARPA, the newest round of economic stimulus? A third round of stimulus is poised to infuse the American economy with $1.9 trillion in economic aid with a significant portion going to enhance existing programs that have offered a lifeline to businesses throughout the COVID-19 pandemic. Known as the American Rescue Plan ... Continue Reading

Finance

  • Three things to know about managing your cash flow As a small business owner, have you ever taken a closer look at your cash flow situation? If not, it’s something you might want to consider doing on a regular basis. For starters, understanding your cash flow can give you the information you need to make smart choices for ... Continue Reading
  • Making a plan for PPP loan forgiveness It’s safe to say most of us are ready for this unprecedented year to come to an end! Before it does, however, there is one more thing many small business owners need to be mindful of, and that’s crafting a sound plan to navigate the loan forgiveness process of the Payroll ... Continue Reading
  • The impact of refinancing your home In the wake of the current economic climate, interest rates are falling, and that means the number of homeowners interested in refinancing is rising. As such, homeowners are wondering what kind of benefit refinancing may have on their taxes. If you’re thinking of ... Continue Reading
  • How to Keep a Rolling 120-Day Cash Flow Forecast If you want to keep your business as profitable as possible, you need to be able to predict the inflow and outflow of cash. One of the best ways to manage cash flow is with a rolling 120-day cash flow forecast. What Is a Rolling 120-Day Cash Flow Forecast? A rolling 120-day ... Continue Reading

Financial Planning

  • Three things to know about managing your cash flow As a small business owner, have you ever taken a closer look at your cash flow situation? If not, it’s something you might want to consider doing on a regular basis. For starters, understanding your cash flow can give you the information you need to make smart choices for ... Continue Reading
  • Making a plan for PPP loan forgiveness It’s safe to say most of us are ready for this unprecedented year to come to an end! Before it does, however, there is one more thing many small business owners need to be mindful of, and that’s crafting a sound plan to navigate the loan forgiveness process of the Payroll ... Continue Reading
  • The impact of refinancing your home In the wake of the current economic climate, interest rates are falling, and that means the number of homeowners interested in refinancing is rising. As such, homeowners are wondering what kind of benefit refinancing may have on their taxes. If you’re thinking of ... Continue Reading
  • Know the risks of ROBS Starting up a new business requires a mixture of capital and courage, and it’s important for entrepreneurs to understand the right balance to make it work. One tactic that some start-ups take advantage of is Rollovers as Business Start-Ups (ROBS), which allows prospective ... Continue Reading

Financial Tips

  • Your one-stop tax planning checklist The holidays are right around the corner, though many of the family traditions we’ve come to treasure may look different this year. However, during this pandemic we’ve discovered new and innovative ways to remain connected. This year also has brought with it a myriad of new ... Continue Reading
  • Managing Employee Payroll Bonuses When it comes to incentivizing employees, few options are more motivating than bonuses. Employers set goals, employees work hard, and results are achieved – or are they? According to recent research, the way employees are incentivized makes all the difference. Bonuses can be ... Continue Reading
  • Boost Profitability With The Right Accounting Help In small business, there are generally two kinds of accounting help owners use: bare bones support and support that actually impacts your bottom line. Inc.com defines an accountant as “someone who solves a problem you didn’t know you had in a way you don’t understand.” ... Continue Reading

IRA

  • Know the risks of ROBS Starting up a new business requires a mixture of capital and courage, and it’s important for entrepreneurs to understand the right balance to make it work. One tactic that some start-ups take advantage of is Rollovers as Business Start-Ups (ROBS), which allows prospective ... Continue Reading

IRS

  • Surprise, you’re self-employed! So, now what?: Tax tips for Uber and DoorDash drivers Making a little extra cash always is an enticing thing, and many people have put their car to work for them. Food delivery companies such as DoorDash, UberEats, Postmates, and Grubhub have boomed in the past year, while Uber and Lyft remain popular options for folks looking ... Continue Reading
  • A tax credit for child care? How to get ready for this summer Summertime is almost here, and that means vacations, BBQs and baseball games. But often, it means scrambling to figure out what your kids are going to do during the summer break - especially if you’re a working parent! Now is the time to ensure your child has something safe ... Continue Reading
  • Be mindful of these common tax mistakes If you own your own business, it might be because you decided to pursue a personal passion or because you recognized an opportunity in the market where you could be successful. Passion and opportunity, however, don't always mean you’re ready for many of the realities that ... Continue Reading
  • IRS announces unemployment changes that may impact your tax return Have you already filed your tax return for the year? And did you report your unemployment payments in that return only to see the American Jobs Rescue Plan (ARPA) modify the need for some taxpayers to include that compensation? If so, there’s no need to worry – or possibly ... Continue Reading

IRS Problems

  • Surprise, you’re self-employed! So, now what?: Tax tips for Uber and DoorDash drivers Making a little extra cash always is an enticing thing, and many people have put their car to work for them. Food delivery companies such as DoorDash, UberEats, Postmates, and Grubhub have boomed in the past year, while Uber and Lyft remain popular options for folks looking ... Continue Reading
  • IRS announces unemployment changes that may impact your tax return Have you already filed your tax return for the year? And did you report your unemployment payments in that return only to see the American Jobs Rescue Plan (ARPA) modify the need for some taxpayers to include that compensation? If so, there’s no need to worry – or possibly ... Continue Reading
  • 'Locking' taxpayer accounts could bolster cybersecurity With more and more resources shifting to online and cloud-based resources – particularly in an environment that is embracing remote work options – minimizing fraud and enhancing cybersecurity standards are imperative. This includes taxpayers as they begin to eye the ... Continue Reading
  • Cutting $75,000 Off A Small Business’s Tax Penalties Like many other taxing agencies, Florida’s Department of Revenue has pushed for increased enforcement through sales tax audits using alcohol beverages and tobacco (ABT) purchase data to estimate total sales. Auditing convenience stores has been lucrative for governments, ... Continue Reading

Minimum Wage

  • How Escalating Minimum Wage Impacts Small Business The topic of minimum wage increases has been discussed extensively in the media, in political forums and in private debates. While some lawmakers want to leave the minimum wage as it is, others are pushing to increase it in order to improve the financial situation of the ... Continue Reading

Payments

  • What you ought to know about estimated tax payments The economic impact of the COVID-19 pandemic has led to a surge in the growth of self-employed workers who rely on freelance opportunities or contract work. If you’re one of the countless Americans who have hung up your own shingle – or if you own property or collect money ... Continue Reading
  • The Best Annual Budget Template for Small Businesses When you are operating a small business, having an accurate annual budget is essential. Your budget lets you know how much money you expect to bring in and what expenses you need to pay so you can make the best decisions for your company's future. However, not all budgets ... Continue Reading
  • The Top Accounting Challenges Small Businesses Face 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 ... Continue Reading
  • Is DIY Bookkeeping Causing Your Small Business Problems? Throughout the course of running your small business, you’re going to encounter some problems, both big and small. When you consider that approximately eight out of 10 businesses fail within their first 18 months , these problems may make your heart skip a beat or two. If ... Continue Reading

Payroll Bonuses

  • Three reasons why 'buying local' is the right move when choosing a payroll partner “Buying local” is an important sentiment these days, for a variety of reasons. It drives our local economies, and keeps more money circulating in our communities. And it’s not just your favorite coffee shop or bookstore that offers that local touch, but also your accounting, ... Continue Reading
  • Five questions to ask before you switch payroll services As we prepare for the new year, many businesses are considering whether they should change their payroll services partner in 2021. Outsourcing your payroll services can offer some much-needed flexibility so you can keep the focus on your customers, while also providing the ... Continue Reading
  • Ways you can help your employees without getting hit by the IRS It’s in our nature to want to lend a hand and help those who have fallen on hard times, and during the COVID-19 pandemic there are plenty of people who could use a bit of grace and compassion. The challenge as a business owner is finding a way to ensure the help you want to ... Continue Reading
  • Managing Employee Payroll Bonuses When it comes to incentivizing employees, few options are more motivating than bonuses. Employers set goals, employees work hard, and results are achieved – or are they? According to recent research, the way employees are incentivized makes all the difference. Bonuses can be ... Continue Reading

Payroll Services

  • Five things to know about the changes to PPP Earlier this month, the Small Business Administration officially opened up the Paycheck Protection Program (PPP) for a second round of funding, while also simplifying many of the processes and rules in place that guide it. As we begin to see the light at the end of the ... Continue Reading
  • Three reasons why 'buying local' is the right move when choosing a payroll partner “Buying local” is an important sentiment these days, for a variety of reasons. It drives our local economies, and keeps more money circulating in our communities. And it’s not just your favorite coffee shop or bookstore that offers that local touch, but also your accounting, ... Continue Reading
  • Five questions to ask before you switch payroll services As we prepare for the new year, many businesses are considering whether they should change their payroll services partner in 2021. Outsourcing your payroll services can offer some much-needed flexibility so you can keep the focus on your customers, while also providing the ... Continue Reading
  • Six things you should know about the new stimulus deal Some long-awaited and much-needed relief for U.S. businesses is on the way as Congress has approved -- and the president has signed -- legislation for a second round of stimulus to aid those impacted by the COVID-19 pandemic. The bulk of the $900 billion stimulus package is ... Continue Reading

Small Business

  • 'These are my people': Supporting an entrepreneur's dream When Paula Klein decided to make her dream of running her own business a reality, she was confident in her ability to attract clients and excited to do the work. Where she needed a little bit of help was in navigating some of the day-to-day business tasks that come with ... Continue Reading
  • If you’re self-employed, this PPP rule change might mean a bigger loan Thanks to a recently revised rule from the Small Business Administration, self-employed individuals now can access potentially larger loans through the Paycheck Protection Program (PPP). This rule allows contractors, gig-economy workers, freelancers and other self-employed ... Continue Reading
  • Where’s the money? Three reasons your tax refund might be delayed in 2021 Wondering why it's taking longer to get your tax refund this year? While the IRS aims for a turnaround of under three weeks when issuing refunds to those who electronically file their tax return, this year could result in a more drawn out, frustrating process for many. If ... Continue Reading
  • Restaurant Revitalization Fund: It’s not just for restaurants The newly passed Restaurant Revitalization Fund (RRF) is here to offer restaurants, bars, caterers, food trucks and others some extra financial help as we transition into a period of recovery. Part of the American Rescue Jobs Act, it includes $28.6 billion of funding for the ... Continue Reading

Small Business Accounting

  • 'These are my people': Supporting an entrepreneur's dream When Paula Klein decided to make her dream of running her own business a reality, she was confident in her ability to attract clients and excited to do the work. Where she needed a little bit of help was in navigating some of the day-to-day business tasks that come with ... Continue Reading
  • Where’s the money? Three reasons your tax refund might be delayed in 2021 Wondering why it's taking longer to get your tax refund this year? While the IRS aims for a turnaround of under three weeks when issuing refunds to those who electronically file their tax return, this year could result in a more drawn out, frustrating process for many. If ... Continue Reading
  • Finding balance in life and in business How Padgett is serving Rick Mathes and Egoscue Clinic of Austin, Texas “I was looking not just for an accountant, but for an accountant who wanted to be a partner. My feeling was Scott and Padgett wanted to help our business thrive.” -- Rick In the blink of an eye, Rick ... Continue Reading
  • Answering your questions about Targeted EIDL Advances The Emergency Injury Disaster Loan (EIDL) program just got a much-needed boost from the American Rescue Plan Act (ARPA) that was signed into law by President Biden on March 11, 2021. If your business is located in a low-income community and previously applied for an EIDL ... Continue Reading

Small Business Cash Flow

  • Beyond PPP Loans: Getting your hard-earned dollars back If you’re a small business owner, you’re not immune to the economic challenges across the country as we deal with the COVID-19 pandemic, and you have likely heard about some of the programs out there to help provide financial assistance to those in need. The most notable are ... Continue Reading
  • Why Cash Flow Analysis is Important for Small Businesses As a small business, you rely on a healthy cash flow to give you the resources to continue operating your company successfully. For this reason, you need to manage your cash flow carefully, which typically involves regular cash flow analysis. Below is some information to ... Continue Reading
  • How to Keep a Rolling 120-Day Cash Flow Forecast If you want to keep your business as profitable as possible, you need to be able to predict the inflow and outflow of cash. One of the best ways to manage cash flow is with a rolling 120-day cash flow forecast. What Is a Rolling 120-Day Cash Flow Forecast? A rolling 120-day ... Continue Reading
  • 5 Ways to Manage & Increase Small Business Cash Flow Small businesses need a healthy flow of cash in order to operate effectively and maximize their profitability. However, for many small businesses, maintaining a reliable cash flow can be a challenge. Below are five ways your small business can manage and/or increase its cash ... Continue Reading

Small Business Deductions

  • Six things you should know about the new stimulus deal Some long-awaited and much-needed relief for U.S. businesses is on the way as Congress has approved -- and the president has signed -- legislation for a second round of stimulus to aid those impacted by the COVID-19 pandemic. The bulk of the $900 billion stimulus package is ... Continue Reading
  • Six things your business should consider for year-end tax planning There’s no doubt that 2020 has delivered its share of twists and turns, and that businesses are ready to hop off this roller coaster as soon as possible. It’s understandable many are unsure about what’s to come, including future shutdowns, the fate of the Paycheck Protection ... Continue Reading
  • Is it time to take action on PPP loan forgiveness? Earlier this month, our trusted team of accountants, CPAs and tax professionals advised business owners to exercise just a bit of patience as we all waited for additional guidance on the loan forgiveness portion of the Paycheck Protection Program (PPP) . Now, thanks to a ... Continue Reading
  • PPP loan forgiveness offers opportunity for pause, planning The Paycheck Protection Program has offered a much-needed lift for small businesses across the country, enabling them to keep their heads above water throughout the storm of the COVID-19 pandemic and the resulting economic downturn. If you’re a small business owner who ... Continue Reading

Small Business Expenses

  • Six things you should know about the new stimulus deal Some long-awaited and much-needed relief for U.S. businesses is on the way as Congress has approved -- and the president has signed -- legislation for a second round of stimulus to aid those impacted by the COVID-19 pandemic. The bulk of the $900 billion stimulus package is ... Continue Reading
  • PPP loan forgiveness offers opportunity for pause, planning The Paycheck Protection Program has offered a much-needed lift for small businesses across the country, enabling them to keep their heads above water throughout the storm of the COVID-19 pandemic and the resulting economic downturn. If you’re a small business owner who ... Continue Reading
  • How to Keep a Rolling 120-Day Cash Flow Forecast If you want to keep your business as profitable as possible, you need to be able to predict the inflow and outflow of cash. One of the best ways to manage cash flow is with a rolling 120-day cash flow forecast. What Is a Rolling 120-Day Cash Flow Forecast? A rolling 120-day ... Continue Reading
  • How to Maintain an Affordable Expense Reimbursement Policy Employees often incur extra expenses when performing their required duties, most often when they travel for business purposes. In many cases, employers reimburse these expenses, since they are part of the employee's job. However, expense reimbursement can become expensive, ... Continue Reading

Small Business Finance

  • 'These are my people': Supporting an entrepreneur's dream When Paula Klein decided to make her dream of running her own business a reality, she was confident in her ability to attract clients and excited to do the work. Where she needed a little bit of help was in navigating some of the day-to-day business tasks that come with ... Continue Reading
  • Get your business ready for tax time with these four tax tips For many, tax time may conjure up visions of last-minute meetings, late-night number crunching and racing to beat the deadline to file a return. With tax deadlines right around the corner, however, it’s more important than ever to swap that hectic approach with one that is ... Continue Reading
  • PPP loan forgiveness offers opportunity for pause, planning The Paycheck Protection Program has offered a much-needed lift for small businesses across the country, enabling them to keep their heads above water throughout the storm of the COVID-19 pandemic and the resulting economic downturn. If you’re a small business owner who ... Continue Reading
  • The Best Annual Budget Template for Small Businesses When you are operating a small business, having an accurate annual budget is essential. Your budget lets you know how much money you expect to bring in and what expenses you need to pay so you can make the best decisions for your company's future. However, not all budgets ... Continue Reading

Small Business Hiring

  • 'These are my people': Supporting an entrepreneur's dream When Paula Klein decided to make her dream of running her own business a reality, she was confident in her ability to attract clients and excited to do the work. Where she needed a little bit of help was in navigating some of the day-to-day business tasks that come with ... Continue Reading
  • Understanding Advisory Services: Finding The Right Talent Finding the right talent that fits your small business is a critical task. As an owner or manager, you’re often confronted with making important hiring decisions to cover everything from the seasonal demand for new workers to making sure you have the help needed to support ... Continue Reading
  • Building a culture of integrity At the most basic level, integrity is doing the right thing solely because it’s the right thing to do. What do you do when no one else is watching? How do you behave when it matters the most? Crafting a strong culture of integrity in your business is important, enabling you ... Continue Reading
  • Understanding Advisory Services: The Realities of COVID-19 The difficulties small businesses face from COVID are unprecedented and immense, and there is no doubt the small businesses that embrace flexibility are more likely to survive. Already, many business owners have been innovative in how they can respond to shutdowns and lower ... Continue Reading

Small Business News

  • Answering your questions about Targeted EIDL Advances The Emergency Injury Disaster Loan (EIDL) program just got a much-needed boost from the American Rescue Plan Act (ARPA) that was signed into law by President Biden on March 11, 2021. If your business is located in a low-income community and previously applied for an EIDL ... Continue Reading
  • What’s in ARPA, the newest round of economic stimulus? A third round of stimulus is poised to infuse the American economy with $1.9 trillion in economic aid with a significant portion going to enhance existing programs that have offered a lifeline to businesses throughout the COVID-19 pandemic. Known as the American Rescue Plan ... Continue Reading
  • Five things to know about the changes to PPP Earlier this month, the Small Business Administration officially opened up the Paycheck Protection Program (PPP) for a second round of funding, while also simplifying many of the processes and rules in place that guide it. As we begin to see the light at the end of the ... Continue Reading
  • How to Keep up Company Morale in Small Businesses Company morale can have a significant impact on productivity. For this reason, it is important to keep employee attitudes as productive and optimistic as possible. Below are some tips to help you maximize company morale in your small business. 1. Monitor employee morale. ... Continue Reading

Small Business Payroll

  • If you’re self-employed, this PPP rule change might mean a bigger loan Thanks to a recently revised rule from the Small Business Administration, self-employed individuals now can access potentially larger loans through the Paycheck Protection Program (PPP). This rule allows contractors, gig-economy workers, freelancers and other self-employed ... Continue Reading
  • Answering your questions about Targeted EIDL Advances The Emergency Injury Disaster Loan (EIDL) program just got a much-needed boost from the American Rescue Plan Act (ARPA) that was signed into law by President Biden on March 11, 2021. If your business is located in a low-income community and previously applied for an EIDL ... Continue Reading
  • Communication, counsel simplify selling shoes How Padgett NC is serving Shawn Langton and Kujo Yardwear “Padgett understood what we were trying to do right from the start, and we hit it off immediately.” - Shawn Shawn Langton has considered himself a “sneakerhead” since he was a kid, dreaming of working in the shoe ... Continue Reading
  • Five things to know about the changes to PPP Earlier this month, the Small Business Administration officially opened up the Paycheck Protection Program (PPP) for a second round of funding, while also simplifying many of the processes and rules in place that guide it. As we begin to see the light at the end of the ... Continue Reading

Small Business Practices

  • Finding balance in life and in business How Padgett is serving Rick Mathes and Egoscue Clinic of Austin, Texas “I was looking not just for an accountant, but for an accountant who wanted to be a partner. My feeling was Scott and Padgett wanted to help our business thrive.” -- Rick In the blink of an eye, Rick ... Continue Reading
  • Communication, counsel simplify selling shoes How Padgett NC is serving Shawn Langton and Kujo Yardwear “Padgett understood what we were trying to do right from the start, and we hit it off immediately.” - Shawn Shawn Langton has considered himself a “sneakerhead” since he was a kid, dreaming of working in the shoe ... Continue Reading
  • Five questions to ask before you switch payroll services As we prepare for the new year, many businesses are considering whether they should change their payroll services partner in 2021. Outsourcing your payroll services can offer some much-needed flexibility so you can keep the focus on your customers, while also providing the ... Continue Reading
  • Building a culture of integrity At the most basic level, integrity is doing the right thing solely because it’s the right thing to do. What do you do when no one else is watching? How do you behave when it matters the most? Crafting a strong culture of integrity in your business is important, enabling you ... Continue Reading

Small Business Taxes

  • Surprise, you’re self-employed! So, now what?: Tax tips for Uber and DoorDash drivers Making a little extra cash always is an enticing thing, and many people have put their car to work for them. Food delivery companies such as DoorDash, UberEats, Postmates, and Grubhub have boomed in the past year, while Uber and Lyft remain popular options for folks looking ... Continue Reading
  • If you’re self-employed, this PPP rule change might mean a bigger loan Thanks to a recently revised rule from the Small Business Administration, self-employed individuals now can access potentially larger loans through the Paycheck Protection Program (PPP). This rule allows contractors, gig-economy workers, freelancers and other self-employed ... Continue Reading
  • Where’s the money? Three reasons your tax refund might be delayed in 2021 Wondering why it's taking longer to get your tax refund this year? While the IRS aims for a turnaround of under three weeks when issuing refunds to those who electronically file their tax return, this year could result in a more drawn out, frustrating process for many. If ... Continue Reading
  • Be mindful of these common tax mistakes If you own your own business, it might be because you decided to pursue a personal passion or because you recognized an opportunity in the market where you could be successful. Passion and opportunity, however, don't always mean you’re ready for many of the realities that ... Continue Reading

Social Security

  • 'Locking' taxpayer accounts could bolster cybersecurity With more and more resources shifting to online and cloud-based resources – particularly in an environment that is embracing remote work options – minimizing fraud and enhancing cybersecurity standards are imperative. This includes taxpayers as they begin to eye the ... Continue Reading

Tax Strategies

  • Surprise, you’re self-employed! So, now what?: Tax tips for Uber and DoorDash drivers Making a little extra cash always is an enticing thing, and many people have put their car to work for them. Food delivery companies such as DoorDash, UberEats, Postmates, and Grubhub have boomed in the past year, while Uber and Lyft remain popular options for folks looking ... Continue Reading
  • A tax credit for child care? How to get ready for this summer Summertime is almost here, and that means vacations, BBQs and baseball games. But often, it means scrambling to figure out what your kids are going to do during the summer break - especially if you’re a working parent! Now is the time to ensure your child has something safe ... Continue Reading
  • Where’s the money? Three reasons your tax refund might be delayed in 2021 Wondering why it's taking longer to get your tax refund this year? While the IRS aims for a turnaround of under three weeks when issuing refunds to those who electronically file their tax return, this year could result in a more drawn out, frustrating process for many. If ... Continue Reading
  • Be mindful of these common tax mistakes If you own your own business, it might be because you decided to pursue a personal passion or because you recognized an opportunity in the market where you could be successful. Passion and opportunity, however, don't always mean you’re ready for many of the realities that ... Continue Reading

Tax Tips

  • Surprise, you’re self-employed! So, now what?: Tax tips for Uber and DoorDash drivers Making a little extra cash always is an enticing thing, and many people have put their car to work for them. Food delivery companies such as DoorDash, UberEats, Postmates, and Grubhub have boomed in the past year, while Uber and Lyft remain popular options for folks looking ... Continue Reading
  • A tax credit for child care? How to get ready for this summer Summertime is almost here, and that means vacations, BBQs and baseball games. But often, it means scrambling to figure out what your kids are going to do during the summer break - especially if you’re a working parent! Now is the time to ensure your child has something safe ... Continue Reading
  • Where’s the money? Three reasons your tax refund might be delayed in 2021 Wondering why it's taking longer to get your tax refund this year? While the IRS aims for a turnaround of under three weeks when issuing refunds to those who electronically file their tax return, this year could result in a more drawn out, frustrating process for many. If ... Continue Reading
  • Be mindful of these common tax mistakes If you own your own business, it might be because you decided to pursue a personal passion or because you recognized an opportunity in the market where you could be successful. Passion and opportunity, however, don't always mean you’re ready for many of the realities that ... Continue Reading

Taxes

  • Surprise, you’re self-employed! So, now what?: Tax tips for Uber and DoorDash drivers Making a little extra cash always is an enticing thing, and many people have put their car to work for them. Food delivery companies such as DoorDash, UberEats, Postmates, and Grubhub have boomed in the past year, while Uber and Lyft remain popular options for folks looking ... Continue Reading
  • A tax credit for child care? How to get ready for this summer Summertime is almost here, and that means vacations, BBQs and baseball games. But often, it means scrambling to figure out what your kids are going to do during the summer break - especially if you’re a working parent! Now is the time to ensure your child has something safe ... Continue Reading
  • If you’re self-employed, this PPP rule change might mean a bigger loan Thanks to a recently revised rule from the Small Business Administration, self-employed individuals now can access potentially larger loans through the Paycheck Protection Program (PPP). This rule allows contractors, gig-economy workers, freelancers and other self-employed ... Continue Reading
  • Where’s the money? Three reasons your tax refund might be delayed in 2021 Wondering why it's taking longer to get your tax refund this year? While the IRS aims for a turnaround of under three weeks when issuing refunds to those who electronically file their tax return, this year could result in a more drawn out, frustrating process for many. If ... Continue Reading

Tips

  • Tax season starts soon, so trust these tips when you file It may lack the pomp and circumstance of the Opening Day of baseball season, but paying taxes is as American as our national pastime itself. And everyone needs their own game plan to navigate this year’s tax season, which the Internal Revenue Service recently announced would ... Continue Reading
  • Preparing for the worst to perform your best Have you ever wondered if your business could make it without you? As a small business owner, your primary focus is making sure your business is running smoothly and efficiently. However, it’s also important to consider the factors that might disrupt it because if there is ... Continue Reading
  • Building a culture of integrity At the most basic level, integrity is doing the right thing solely because it’s the right thing to do. What do you do when no one else is watching? How do you behave when it matters the most? Crafting a strong culture of integrity in your business is important, enabling you ... Continue Reading
  • 'Locking' taxpayer accounts could bolster cybersecurity With more and more resources shifting to online and cloud-based resources – particularly in an environment that is embracing remote work options – minimizing fraud and enhancing cybersecurity standards are imperative. This includes taxpayers as they begin to eye the ... Continue Reading