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Accounting

  • Tommy and Adam Waller find their "why" with support from Padgett For Adam and Tommy Waller, starting a business was not part of the plan. Both brothers work other jobs: Adam is a physical therapist, and Tommy works in national security and in the Marine Corps. But when their mother presented a challenge at dinner one night, The Oyster Bed ... Continue Reading
  • Erik Gledhill is blazing new trails with his Padgett partners As a social worker, Erik Gledhill didn’t originally plan on being a business owner. His journey to owning a pet store in Chico, California began at home — with his own dog. After noticing his dog’s dry skin issues, joint pain, and fatigue, Erik first turned to vets for help, ... Continue Reading
  • Altus Global Aviation takes flight with the help of Padgett Barrington After an exciting six years in the commercial aviation industry, including a stint in London, Liz Franz took the entrepreneurial leap and founded Altus Global Aviation . Altus supports the airline industry from the OEMs to the engine shops, distributors and even the airlines ... Continue Reading
  • Donate and get a big(ger) tax break Last year, Congress enacted the Taxpayer Certainty and Disaster Tax Relief Act which featured several provisions designed to reward both individuals and businesses who donated to charity. Enacted in the throes of the pandemic and its immediate impact on the economy, these ... Continue Reading

Bookkeeping

  • Checklist: What tax documents do I need to keep? With electronic communication taking over, many of us don’t pay much attention to mail anymore. But tax time is coming, so this month, you’re likely to start seeing a lot of documents in the mail from the IRS. Do you know what the documents are and what you’ll need to keep? ... Continue Reading
  • “We just had a lot of confidence in him from the beginning.” Rick Baarlaer and Marci Johannes were rewarded for placing their trust in Padgett Nearly five years ago, Rick Baarlaer and Marci Johannes had a dream of building a one-of-a-kind place where their community could gather together for some great food and a cold drink. Today, ... Continue Reading
  • How your business can thrive in the booming gig economy There's no doubt the COVID-19 pandemic has ushered a time of rapid change. More than 35 percent of the eligible workforce in the U.S. is now part of the “gig economy,” and that number itself has grown 33 percent since the start of the pandemic. If you're part of this group ... Continue Reading
  • "The best decision I ever made” Rochelle and Ron Roos turned to Padgett and found a lasting partner Rochelle Roos knew that she needed a change. “My husband and I were working in corporate America, and we spent more time flying and saying ‘goodbye’ at an airport -- because I was going one way and he was ... Continue Reading

Business Analysis

  • How to prepare your business for a new year At the end of the year, in the midst of all the celebrations, many of us are already looking ahead to the new year. We get excited about resolutions, goals and plans: ready for a “new year, new me.” For business owners, that goal setting becomes even more important. Aside ... Continue Reading
  • Thriving in Today’s “New Normal” With the economic challenges of the past 18 months and the start-and-stop impact of the pandemic, it’s important for small business owners like yourself to have a trusted advisor to help you thrive in today’s “new normal.” Today’s business environment can be, at best, ... 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
  • '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

  • 8 Tips for reducing business owner burnout There’s no doubt that running a business drains you both physically and mentally. As a business owner, you’re often focused on the health of your business. May is Mental Health Awareness Month, so now is a great time to pause and take stock of your own health—especially your ... Continue Reading
  • How to make marriage work in the workplace: advice from Padgett firm owners For some people, working with a significant other sounds like a nightmare, and it’s certainly true that it doesn’t come without its obstacles. But many couples find that the best business partner is also their life partner—as is the case for many Padgett owners across the ... Continue Reading
  • Erik Gledhill is blazing new trails with his Padgett partners As a social worker, Erik Gledhill didn’t originally plan on being a business owner. His journey to owning a pet store in Chico, California began at home — with his own dog. After noticing his dog’s dry skin issues, joint pain, and fatigue, Erik first turned to vets for help, ... Continue Reading
  • How to Create a Vision Board to Help Your Business Succeed What is a vision board? You may have heard vision boards mentioned before — they’re a popular goal-setting tool. Oprah is one of several celebrities to praise the method, and the research backs up their claim. Psychology Today researchers have found that visualization is a ... Continue Reading

Business Strategies

  • 5 Tips to safeguard against summer storms With rising temperatures, thunderstorms typically become more and more common in the summer season—as well as more and more unpredictable. Lightning, heavy wind and rain can result in physical damage to your property, and power outages can wreak havoc on electronic files. If ... Continue Reading
  • 7 Ways to manage stress + Tips for tax time Spring is almost here with its longer days, warmer weather and budding plants. It typically conjures up ideas of renewal and happiness, but for many people, March and April bring stress and sickness instead. A 2014 Washington Post article on Google search trends suggested ... Continue Reading
  • Erik Gledhill is blazing new trails with his Padgett partners As a social worker, Erik Gledhill didn’t originally plan on being a business owner. His journey to owning a pet store in Chico, California began at home — with his own dog. After noticing his dog’s dry skin issues, joint pain, and fatigue, Erik first turned to vets for help, ... Continue Reading
  • How to prepare your business for a new year At the end of the year, in the midst of all the celebrations, many of us are already looking ahead to the new year. We get excited about resolutions, goals and plans: ready for a “new year, new me.” For business owners, that goal setting becomes even more important. Aside ... Continue Reading

Business Tips

  • 5 Tips to safeguard against summer storms With rising temperatures, thunderstorms typically become more and more common in the summer season—as well as more and more unpredictable. Lightning, heavy wind and rain can result in physical damage to your property, and power outages can wreak havoc on electronic files. If ... Continue Reading
  • 8 Tips for reducing business owner burnout There’s no doubt that running a business drains you both physically and mentally. As a business owner, you’re often focused on the health of your business. May is Mental Health Awareness Month, so now is a great time to pause and take stock of your own health—especially your ... Continue Reading
  • Erin Wiley's business takes root and grows with Padgett Erin Wiley was a professional musical theatre actress for years, but finally decided it was time to find a new role: as a counselor and business owner. “After I raised my kids, I was looking for a meaningful second career,” Erin says. “I always had an interest in psychology, ... Continue Reading
  • 7 Ways to manage stress + Tips for tax time Spring is almost here with its longer days, warmer weather and budding plants. It typically conjures up ideas of renewal and happiness, but for many people, March and April bring stress and sickness instead. A 2014 Washington Post article on Google search trends suggested ... Continue Reading

Cash Flow

  • 5 Questions to Ask When Choosing a Payroll Partner As we prepare for the new year, many businesses are considering whether they should change their payroll services partner in 2022. 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 pandemic provisions have impacted estimated tax payments Third quarter estimated tax payments are due on Sept. 15, and whether you’re self-employed or a business owner with income from a Partnership or S-Corporation, you might be wondering if any of the pandemic relief programs will impact what you owe. As you probably know, ... Continue Reading
  • How your business can thrive in the booming gig economy There's no doubt the COVID-19 pandemic has ushered a time of rapid change. More than 35 percent of the eligible workforce in the U.S. is now part of the “gig economy,” and that number itself has grown 33 percent since the start of the pandemic. If you're part of this group ... Continue Reading
  • Making the most of your cash flow during COVID-19 Profitability is always a popular topic with small businesses, but, for most, it’s more important to focus on cash flow. According to CB Insights , 29 percent of new businesses cited lack of cash flow and capital as the reason for shutting their doors. During the COVID-19 ... Continue Reading

Company Morale

  • 8 Tips for reducing business owner burnout There’s no doubt that running a business drains you both physically and mentally. As a business owner, you’re often focused on the health of your business. May is Mental Health Awareness Month, so now is a great time to pause and take stock of your own health—especially your ... Continue Reading
  • 7 Ways to manage stress + Tips for tax time Spring is almost here with its longer days, warmer weather and budding plants. It typically conjures up ideas of renewal and happiness, but for many people, March and April bring stress and sickness instead. A 2014 Washington Post article on Google search trends suggested ... Continue Reading
  • How to make marriage work in the workplace: advice from Padgett firm owners For some people, working with a significant other sounds like a nightmare, and it’s certainly true that it doesn’t come without its obstacles. But many couples find that the best business partner is also their life partner—as is the case for many Padgett owners across the ... Continue Reading
  • How to Create a Vision Board to Help Your Business Succeed What is a vision board? You may have heard vision boards mentioned before — they’re a popular goal-setting tool. Oprah is one of several celebrities to praise the method, and the research backs up their claim. Psychology Today researchers have found that visualization is a ... Continue Reading

COVID-19

  • 10 Tips to Prepare Your Business for Black Friday 2021 With Black Friday, Small Business Saturday, and Cyber Monday only a few weeks away, now is the time to review and assess your preparations for the largest retail weekend in the U.S. Whether you run a brick-and-mortar business or are strictly online, this weekend is likely to ... Continue Reading
  • COVID tax credits create lifeline for many businesses The pandemic has pushed many businesses to the brink, putting enormous pressure on owners like you who worry about everything from the health and security of your employees to the ability to simply keep your doors open in the face of rising community case counts. ... Continue Reading
  • How pandemic provisions have impacted estimated tax payments Third quarter estimated tax payments are due on Sept. 15, and whether you’re self-employed or a business owner with income from a Partnership or S-Corporation, you might be wondering if any of the pandemic relief programs will impact what you owe. As you probably know, ... Continue Reading
  • Thriving in Today’s “New Normal” With the economic challenges of the past 18 months and the start-and-stop impact of the pandemic, it’s important for small business owners like yourself to have a trusted advisor to help you thrive in today’s “new normal.” Today’s business environment can be, at best, ... Continue Reading

CPA

  • Amanda Aguillard joins Padgett leadership team as COO With plans to help continue the company’s push to explore, adopt and deploy the latest in technology that benefit its franchisees and serve its clients, Amanda Aguillard, CPA has joined PADGETT BUSINESS SERVICES® as the company’s new Chief Operating Officer (COO). An ... 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
  • 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

  • Kevin Garibaldi found the recipe for success with Padgett Throughout his varied career, making good food has been a constant for Kevin Garibaldi, owner of Garibaldi’s Catering and its companion restaurant, Garibaldi’s New Orleans Cuisine. Kevin began his career with a restaurant apprenticeship in Monterey, California. He was ... Continue Reading
  • 5 Questions to Ask When Choosing a Payroll Partner As we prepare for the new year, many businesses are considering whether they should change their payroll services partner in 2022. 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
  • The Future of Filing: Upcoming Changes to W-2 Requirements Over the next two years, the IRS is implementing some dramatic changes to current filing requirements for Form W-2. The IRS will soon require small businesses with 10 or more employees to change the way they file these forms. If you have employees, you know how important ... Continue Reading
  • Picking the best retirement plan for you It doesn't matter if you’re a small business owner or an employee working at a large company, it's important to have a retirement strategy in place to ensure you’ll be taken care of when your working days are behind you. There are several types of retirement plans to choose ... Continue Reading

Employee Wages

  • 5 Questions to Ask When Choosing a Payroll Partner As we prepare for the new year, many businesses are considering whether they should change their payroll services partner in 2022. 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. Remember that only certain ... Continue Reading
  • The Future of Filing: Upcoming Changes to W-2 Requirements Over the next two years, the IRS is implementing some dramatic changes to current filing requirements for Form W-2. The IRS will soon require small businesses with 10 or more employees to change the way they file these forms. If you have employees, you know how important ... Continue Reading
  • Picking the best retirement plan for you It doesn't matter if you’re a small business owner or an employee working at a large company, it's important to have a retirement strategy in place to ensure you’ll be taken care of when your working days are behind you. There are several types of retirement plans to choose ... Continue Reading

Employees

  • Erik Gledhill is blazing new trails with his Padgett partners As a social worker, Erik Gledhill didn’t originally plan on being a business owner. His journey to owning a pet store in Chico, California began at home — with his own dog. After noticing his dog’s dry skin issues, joint pain, and fatigue, Erik first turned to vets for help, ... 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. Remember that only certain ... Continue Reading
  • “We just had a lot of confidence in him from the beginning.” Rick Baarlaer and Marci Johannes were rewarded for placing their trust in Padgett Nearly five years ago, Rick Baarlaer and Marci Johannes had a dream of building a one-of-a-kind place where their community could gather together for some great food and a cold drink. Today, ... Continue Reading
  • "I don’t have any of the financial stress of taxes" Butch Minkeyer finds peace of mind partnering with Padgett I have been using Padgett Business Services for 18 years. As a small business owner I have found their expertise to be invaluable. I employ them for annual tax services as well as weekly payroll for my businesses. ... Continue Reading

Finance

  • 15 Financial terms you need to know Financial literacy: “the knowledge and skills that give you the ability to manage your finances, including budgeting and investing” Financial literacy is the key to successful money management and the reduction of financial stress. Yet many people struggle with financial ... Continue Reading
  • 4 Tips to make next year's taxes easier Unless you requested an extension, 2021 tax filing is finally over! Many taxpayers stop thinking about taxes as soon as they file and don’t worry about it again until the next April deadline is approaching. But this can make tax preparation more stressful than it needs to be ... Continue Reading
  • Is a tax refund actually a good thing? The pros and cons Many of us like to get a big tax refund each year when we file our returns. In fact, the IRS reported that as of March 4, the average refund so far in 2022 was $3,401. It can be fun to get a few thousand dollars deposited into your account, but is that large refund actually ... Continue Reading
  • Checklist: What tax documents do I need to keep? With electronic communication taking over, many of us don’t pay much attention to mail anymore. But tax time is coming, so this month, you’re likely to start seeing a lot of documents in the mail from the IRS. Do you know what the documents are and what you’ll need to keep? ... Continue Reading

Financial Planning

  • 5 Tips to safeguard against summer storms With rising temperatures, thunderstorms typically become more and more common in the summer season—as well as more and more unpredictable. Lightning, heavy wind and rain can result in physical damage to your property, and power outages can wreak havoc on electronic files. If ... Continue Reading
  • Graduation Season is here! ...Now what? If you or your child is graduating this year, you’re likely caught up in a swirl of pomp and circumstance. You may be thinking about ordering regalia, planning grad parties, taking senior photos or what the next step in continuing education may be. But graduation comes with ... Continue Reading
  • 15 Financial terms you need to know Financial literacy: “the knowledge and skills that give you the ability to manage your finances, including budgeting and investing” Financial literacy is the key to successful money management and the reduction of financial stress. Yet many people struggle with financial ... Continue Reading
  • 4 Tips to make next year's taxes easier Unless you requested an extension, 2021 tax filing is finally over! Many taxpayers stop thinking about taxes as soon as they file and don’t worry about it again until the next April deadline is approaching. But this can make tax preparation more stressful than it needs to be ... Continue Reading

Financial Tips

  • 5 Tips to safeguard against summer storms With rising temperatures, thunderstorms typically become more and more common in the summer season—as well as more and more unpredictable. Lightning, heavy wind and rain can result in physical damage to your property, and power outages can wreak havoc on electronic files. If ... Continue Reading
  • Graduation Season is here! ...Now what? If you or your child is graduating this year, you’re likely caught up in a swirl of pomp and circumstance. You may be thinking about ordering regalia, planning grad parties, taking senior photos or what the next step in continuing education may be. But graduation comes with ... Continue Reading
  • 15 Financial terms you need to know Financial literacy: “the knowledge and skills that give you the ability to manage your finances, including budgeting and investing” Financial literacy is the key to successful money management and the reduction of financial stress. Yet many people struggle with financial ... Continue Reading
  • 4 Tips to make next year's taxes easier Unless you requested an extension, 2021 tax filing is finally over! Many taxpayers stop thinking about taxes as soon as they file and don’t worry about it again until the next April deadline is approaching. But this can make tax preparation more stressful than it needs to be ... 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

  • 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. Remember that only certain ... Continue Reading
  • The Future of Filing: Upcoming Changes to W-2 Requirements Over the next two years, the IRS is implementing some dramatic changes to current filing requirements for Form W-2. The IRS will soon require small businesses with 10 or more employees to change the way they file these forms. If you have employees, you know how important ... Continue Reading
  • Finding the way to forgiveness: How to close out your PPP loan The Paycheck Protection Program (PPP) proved to be a vital lifeline for small businesses dealing with the perils of the pandemic. Initially launched in the early days of the pandemic, it has provided needed funds to help support payroll and other business functions. ... Continue Reading
  • Why it might be a good idea to opt out of the Advance Child Tax Credit If you’re a mom or dad juggling the various expenses that come with raising your children, it might be hard to imagine passing on monthly infusions of cash. However, there’s more than meets the eye to the new Advance Child Tax Credit (ACTC) program. While the first round of ... 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 do I do if I owe taxes and can't pay? While many of us are hoping to have a payday when our tax refunds arrive, if you owe taxes, you may find that April 18 is the wrong kind of “pay day.” This year marks the third COVID-era tax season, and millions of dollars in past refunds and pandemic relief credits have yet ... Continue Reading
  • 5 Questions to Ask When Choosing a Payroll Partner As we prepare for the new year, many businesses are considering whether they should change their payroll services partner in 2022. 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
  • 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

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

  • Erik Gledhill is blazing new trails with his Padgett partners As a social worker, Erik Gledhill didn’t originally plan on being a business owner. His journey to owning a pet store in Chico, California began at home — with his own dog. After noticing his dog’s dry skin issues, joint pain, and fatigue, Erik first turned to vets for help, ... Continue Reading
  • 5 Questions to Ask When Choosing a Payroll Partner As we prepare for the new year, many businesses are considering whether they should change their payroll services partner in 2022. 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
  • The Future of Filing: Upcoming Changes to W-2 Requirements Over the next two years, the IRS is implementing some dramatic changes to current filing requirements for Form W-2. The IRS will soon require small businesses with 10 or more employees to change the way they file these forms. If you have employees, you know how important ... Continue Reading
  • Are you hiring? Here’s how you can attract more applicants If you’re the owner of a restaurant, retail shop or hospitality venue, you’re probably turning the page on the restrictions from the COVID-19 pandemic and are now trying to keep up with a year’s worth of pent-up demand from eager customers. To meet this demand, you’re ... Continue Reading

Small Business

  • 8 Tips for reducing business owner burnout There’s no doubt that running a business drains you both physically and mentally. As a business owner, you’re often focused on the health of your business. May is Mental Health Awareness Month, so now is a great time to pause and take stock of your own health—especially your ... Continue Reading
  • Tommy and Adam Waller find their "why" with support from Padgett For Adam and Tommy Waller, starting a business was not part of the plan. Both brothers work other jobs: Adam is a physical therapist, and Tommy works in national security and in the Marine Corps. But when their mother presented a challenge at dinner one night, The Oyster Bed ... Continue Reading
  • Erin Wiley's business takes root and grows with Padgett Erin Wiley was a professional musical theatre actress for years, but finally decided it was time to find a new role: as a counselor and business owner. “After I raised my kids, I was looking for a meaningful second career,” Erin says. “I always had an interest in psychology, ... Continue Reading
  • Kevin Garibaldi found the recipe for success with Padgett Throughout his varied career, making good food has been a constant for Kevin Garibaldi, owner of Garibaldi’s Catering and its companion restaurant, Garibaldi’s New Orleans Cuisine. Kevin began his career with a restaurant apprenticeship in Monterey, California. He was ... Continue Reading

Small Business Accounting

  • Tommy and Adam Waller find their "why" with support from Padgett For Adam and Tommy Waller, starting a business was not part of the plan. Both brothers work other jobs: Adam is a physical therapist, and Tommy works in national security and in the Marine Corps. But when their mother presented a challenge at dinner one night, The Oyster Bed ... Continue Reading
  • Altus Global Aviation takes flight with the help of Padgett Barrington After an exciting six years in the commercial aviation industry, including a stint in London, Liz Franz took the entrepreneurial leap and founded Altus Global Aviation . Altus supports the airline industry from the OEMs to the engine shops, distributors and even the airlines ... Continue Reading
  • COVID tax credits create lifeline for many businesses The pandemic has pushed many businesses to the brink, putting enormous pressure on owners like you who worry about everything from the health and security of your employees to the ability to simply keep your doors open in the face of rising community case counts. ... Continue Reading
  • How pandemic provisions have impacted estimated tax payments Third quarter estimated tax payments are due on Sept. 15, and whether you’re self-employed or a business owner with income from a Partnership or S-Corporation, you might be wondering if any of the pandemic relief programs will impact what you owe. As you probably know, ... Continue Reading

Small Business Cash Flow

  • How pandemic provisions have impacted estimated tax payments Third quarter estimated tax payments are due on Sept. 15, and whether you’re self-employed or a business owner with income from a Partnership or S-Corporation, you might be wondering if any of the pandemic relief programs will impact what you owe. As you probably know, ... Continue Reading
  • How your business can thrive in the booming gig economy There's no doubt the COVID-19 pandemic has ushered a time of rapid change. More than 35 percent of the eligible workforce in the U.S. is now part of the “gig economy,” and that number itself has grown 33 percent since the start of the pandemic. If you're part of this group ... Continue Reading
  • Thriving in Today’s “New Normal” With the economic challenges of the past 18 months and the start-and-stop impact of the pandemic, it’s important for small business owners like yourself to have a trusted advisor to help you thrive in today’s “new normal.” Today’s business environment can be, at best, ... Continue Reading
  • Finding the way to forgiveness: How to close out your PPP loan The Paycheck Protection Program (PPP) proved to be a vital lifeline for small businesses dealing with the perils of the pandemic. Initially launched in the early days of the pandemic, it has provided needed funds to help support payroll and other business functions. ... Continue Reading

Small Business Deductions

  • 7 Tax Deductions Every Self-Employed Worker Should Know There are a host of tax deductions available to self-employed individuals that can generate real savings when filing your tax return. As you prepare to file your 2021 taxes, here are a few deductions you should be mindful of: Home office expenses: If you’re using an area of ... Continue Reading
  • Donate and get a big(ger) tax break Last year, Congress enacted the Taxpayer Certainty and Disaster Tax Relief Act which featured several provisions designed to reward both individuals and businesses who donated to charity. Enacted in the throes of the pandemic and its immediate impact on the economy, these ... Continue Reading
  • Travel is coming back! What that means for your business. After a year of caution due to the COVID-19 pandemic, travel across the U.S. is making a comeback, including business travel. The rollout of vaccines and falling case counts across the country mean your business might consider returning in-person conferences, events and ... 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 Expenses

  • How your business can thrive in the booming gig economy There's no doubt the COVID-19 pandemic has ushered a time of rapid change. More than 35 percent of the eligible workforce in the U.S. is now part of the “gig economy,” and that number itself has grown 33 percent since the start of the pandemic. If you're part of this group ... 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
  • 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

Small Business Finance

  • 15 Financial terms you need to know Financial literacy: “the knowledge and skills that give you the ability to manage your finances, including budgeting and investing” Financial literacy is the key to successful money management and the reduction of financial stress. Yet many people struggle with financial ... Continue Reading
  • Erin Wiley's business takes root and grows with Padgett Erin Wiley was a professional musical theatre actress for years, but finally decided it was time to find a new role: as a counselor and business owner. “After I raised my kids, I was looking for a meaningful second career,” Erin says. “I always had an interest in psychology, ... Continue Reading
  • 5 Questions to Ask When Choosing a Payroll Partner As we prepare for the new year, many businesses are considering whether they should change their payroll services partner in 2022. 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
  • Having a trusted, caring business partner to lean on In Padgett, Bridget Hallett found a “sounding board” to help her with big decisions When Bridget Hallett decided to start her marketing company, she viewed it as a potential resource to aid small businesses. She knew that most of them were serving a special niche with unique ... Continue Reading

Small Business Hiring

  • Are you hiring? Here’s how you can attract more applicants If you’re the owner of a restaurant, retail shop or hospitality venue, you’re probably turning the page on the restrictions from the COVID-19 pandemic and are now trying to keep up with a year’s worth of pent-up demand from eager customers. To meet this demand, you’re ... Continue Reading
  • What’s next in the recovery? Navigating our new normal Padgett franchisees share their thoughts on the post-pandemic world The COVID-19 pandemic turned our world upside down, and questions about what comes next are everywhere: What changes are here to stay? Is inflation on the way? Will the tight labor market start to ease up? ... 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
  • 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

Small Business News

  • Having a trusted, caring business partner to lean on In Padgett, Bridget Hallett found a “sounding board” to help her with big decisions When Bridget Hallett decided to start her marketing company, she viewed it as a potential resource to aid small businesses. She knew that most of them were serving a special niche with unique ... Continue Reading
  • What’s next in the recovery? Navigating our new normal Padgett franchisees share their thoughts on the post-pandemic world The COVID-19 pandemic turned our world upside down, and questions about what comes next are everywhere: What changes are here to stay? Is inflation on the way? Will the tight labor market start to ease up? ... Continue Reading
  • Amanda Aguillard joins Padgett leadership team as COO With plans to help continue the company’s push to explore, adopt and deploy the latest in technology that benefit its franchisees and serve its clients, Amanda Aguillard, CPA has joined PADGETT BUSINESS SERVICES® as the company’s new Chief Operating Officer (COO). An ... 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 Payroll

  • Kevin Garibaldi found the recipe for success with Padgett Throughout his varied career, making good food has been a constant for Kevin Garibaldi, owner of Garibaldi’s Catering and its companion restaurant, Garibaldi’s New Orleans Cuisine. Kevin began his career with a restaurant apprenticeship in Monterey, California. He was ... Continue Reading
  • 5 Questions to Ask When Choosing a Payroll Partner As we prepare for the new year, many businesses are considering whether they should change their payroll services partner in 2022. 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. Remember that only certain ... Continue Reading
  • The Future of Filing: Upcoming Changes to W-2 Requirements Over the next two years, the IRS is implementing some dramatic changes to current filing requirements for Form W-2. The IRS will soon require small businesses with 10 or more employees to change the way they file these forms. If you have employees, you know how important ... Continue Reading

Small Business Practices

  • Erin Wiley's business takes root and grows with Padgett Erin Wiley was a professional musical theatre actress for years, but finally decided it was time to find a new role: as a counselor and business owner. “After I raised my kids, I was looking for a meaningful second career,” Erin says. “I always had an interest in psychology, ... Continue Reading
  • Kevin Garibaldi found the recipe for success with Padgett Throughout his varied career, making good food has been a constant for Kevin Garibaldi, owner of Garibaldi’s Catering and its companion restaurant, Garibaldi’s New Orleans Cuisine. Kevin began his career with a restaurant apprenticeship in Monterey, California. He was ... Continue Reading
  • How to Create a Vision Board to Help Your Business Succeed What is a vision board? You may have heard vision boards mentioned before — they’re a popular goal-setting tool. Oprah is one of several celebrities to praise the method, and the research backs up their claim. Psychology Today researchers have found that visualization is a ... Continue Reading
  • How to prepare your business for a new year At the end of the year, in the midst of all the celebrations, many of us are already looking ahead to the new year. We get excited about resolutions, goals and plans: ready for a “new year, new me.” For business owners, that goal setting becomes even more important. Aside ... Continue Reading

Small Business Taxes

  • Tommy and Adam Waller find their "why" with support from Padgett For Adam and Tommy Waller, starting a business was not part of the plan. Both brothers work other jobs: Adam is a physical therapist, and Tommy works in national security and in the Marine Corps. But when their mother presented a challenge at dinner one night, The Oyster Bed ... Continue Reading
  • Understanding your tax result Filing your taxes can be stressful for anyone but discovering an unexpected balance due can make it much worse. And while a surprise check in the mail in the form of a tax refund is more pleasant, you may still be left confused by why you’re being given this money. If you’re ... Continue Reading
  • Erin Wiley's business takes root and grows with Padgett Erin Wiley was a professional musical theatre actress for years, but finally decided it was time to find a new role: as a counselor and business owner. “After I raised my kids, I was looking for a meaningful second career,” Erin says. “I always had an interest in psychology, ... Continue Reading
  • 7 Ways to manage stress + Tips for tax time Spring is almost here with its longer days, warmer weather and budding plants. It typically conjures up ideas of renewal and happiness, but for many people, March and April bring stress and sickness instead. A 2014 Washington Post article on Google search trends suggested ... 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

  • 4 Tips to make next year's taxes easier Unless you requested an extension, 2021 tax filing is finally over! Many taxpayers stop thinking about taxes as soon as they file and don’t worry about it again until the next April deadline is approaching. But this can make tax preparation more stressful than it needs to be ... Continue Reading
  • Is a tax refund actually a good thing? The pros and cons Many of us like to get a big tax refund each year when we file our returns. In fact, the IRS reported that as of March 4, the average refund so far in 2022 was $3,401. It can be fun to get a few thousand dollars deposited into your account, but is that large refund actually ... Continue Reading
  • Understanding your tax result Filing your taxes can be stressful for anyone but discovering an unexpected balance due can make it much worse. And while a surprise check in the mail in the form of a tax refund is more pleasant, you may still be left confused by why you’re being given this money. If you’re ... Continue Reading
  • How gambling affects your taxes Have you been feeling lucky lately? Did you score some money in a casino or lottery? If so, with April’s tax deadline approaching, you may now be wondering how those winnings will affect your tax return. The IRS considers gambling income from lottery, horse races, raffles, ... Continue Reading

Tax Tips

  • Graduation Season is here! ...Now what? If you or your child is graduating this year, you’re likely caught up in a swirl of pomp and circumstance. You may be thinking about ordering regalia, planning grad parties, taking senior photos or what the next step in continuing education may be. But graduation comes with ... Continue Reading
  • 4 Tips to make next year's taxes easier Unless you requested an extension, 2021 tax filing is finally over! Many taxpayers stop thinking about taxes as soon as they file and don’t worry about it again until the next April deadline is approaching. But this can make tax preparation more stressful than it needs to be ... Continue Reading
  • Is a tax refund actually a good thing? The pros and cons Many of us like to get a big tax refund each year when we file our returns. In fact, the IRS reported that as of March 4, the average refund so far in 2022 was $3,401. It can be fun to get a few thousand dollars deposited into your account, but is that large refund actually ... Continue Reading
  • Understanding your tax result Filing your taxes can be stressful for anyone but discovering an unexpected balance due can make it much worse. And while a surprise check in the mail in the form of a tax refund is more pleasant, you may still be left confused by why you’re being given this money. If you’re ... Continue Reading

Taxes

  • Graduation Season is here! ...Now what? If you or your child is graduating this year, you’re likely caught up in a swirl of pomp and circumstance. You may be thinking about ordering regalia, planning grad parties, taking senior photos or what the next step in continuing education may be. But graduation comes with ... Continue Reading
  • 4 Tips to make next year's taxes easier Unless you requested an extension, 2021 tax filing is finally over! Many taxpayers stop thinking about taxes as soon as they file and don’t worry about it again until the next April deadline is approaching. But this can make tax preparation more stressful than it needs to be ... Continue Reading
  • Is a tax refund actually a good thing? The pros and cons Many of us like to get a big tax refund each year when we file our returns. In fact, the IRS reported that as of March 4, the average refund so far in 2022 was $3,401. It can be fun to get a few thousand dollars deposited into your account, but is that large refund actually ... Continue Reading
  • Understanding your tax result Filing your taxes can be stressful for anyone but discovering an unexpected balance due can make it much worse. And while a surprise check in the mail in the form of a tax refund is more pleasant, you may still be left confused by why you’re being given this money. If you’re ... Continue Reading

Tips

  • 5 Tips to safeguard against summer storms With rising temperatures, thunderstorms typically become more and more common in the summer season—as well as more and more unpredictable. Lightning, heavy wind and rain can result in physical damage to your property, and power outages can wreak havoc on electronic files. If ... Continue Reading
  • 8 Tips for reducing business owner burnout There’s no doubt that running a business drains you both physically and mentally. As a business owner, you’re often focused on the health of your business. May is Mental Health Awareness Month, so now is a great time to pause and take stock of your own health—especially your ... Continue Reading
  • 15 Financial terms you need to know Financial literacy: “the knowledge and skills that give you the ability to manage your finances, including budgeting and investing” Financial literacy is the key to successful money management and the reduction of financial stress. Yet many people struggle with financial ... Continue Reading
  • 4 Tips to make next year's taxes easier Unless you requested an extension, 2021 tax filing is finally over! Many taxpayers stop thinking about taxes as soon as they file and don’t worry about it again until the next April deadline is approaching. But this can make tax preparation more stressful than it needs to be ... Continue Reading