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Accounting

  • Making Small Matter Across the country, small businesses are feeling the economic crunch from COVID-19. From mandatory lockdowns to jittery customers, many businesses are having to make difficult decisions around managing payroll, forgoing future investments and evaluating when it is safe to ... 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
  • Ignoring These 5 Accounting Issues? You’re Hurting Your Biz Is accounting the reason you started your small business? Is accounting one of your strong suits? For most business owners, the answer to these two questions is undoubtedly “no.” The problem isn’t that you don’t enjoy accounting and aren’t knowledgeable about it. But if we ... Continue Reading
  • A Run-Of-The-Mill Tax Accountant Was Her Real Problem Most small business owners work with tax accountants who simply file their tax returns each year. Chances are good that you use an accountant who you see once a year. Perhaps this is all you want, but it’s certainly not all of the support you need. Just ask the owner who, by ... Continue Reading

Bookkeeping

  • 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
  • Benefits of Outsourcing Your Business's Bookkeeping Businesses of all sizes must complete certain bookkeeping tasks. In some cases, businesses are able to complete all of these tasks in-house. However, when a business's bookkeeping needs are too complex or time-consuming, it may be better to outsource them to a third-party ... 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
  • Effective Ways to Keep Your Business Finances Well Organized As a business owner, you need to manage your finances effectively in order to operate your business successfully and maximize profitability. In order to manage your finances well, you need to be organized. Below are some tips to help you keep your finances organized and easy ... Continue Reading

Business Performance

  • 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
  • How A Consultant Grew A Small Business’s Profit By 1,000% In business for four years, a talented chef owned a unique, small restaurant with an eclectic menu, but rarely were his tables full. While the chef had long dreamed of owning a successful restaurant, he simply wasn’t making enough to support his lifestyle – until he ... Continue Reading

Business Strategies

  • What Kind Of Hiring Strategy Should Your Small Business Use? Most business owners know that hiring the right talent is one of the best ways to ensure the company's success. However, small business hiring budgets tend to be limited, making it necessary for the company to concentrate its efforts on the most effective hiring practices. ... Continue Reading

Business Tips

  • Cutting A $254,000 Bill To $0 With Formidable Tax Help It was somewhat of a coincidence that they had already worked in commercial real estate, but when a husband and wife inherited another real estate property, they needed tax help. While the property – considered a gift – should have had a $0 tax basis, the IRS assessed the ... Continue Reading
  • The Hows of Getting Paid More Quickly In the previous two posts, we’ve discussed a bookkeeping term called accounts receivable turnover and how to measure it, and we’ve explained why having a good ART is important to your small business financial planning . The question now is, what steps can you take to make ... Continue Reading

Cash Flow

  • 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
  • Hurricane Victims: Is It a Good Idea to Take a Hardship Loan from Your 401(K) to Get Cash? To help the victims of the most recent hurricanes, the IRS has decided to relax some of its rules, which would allow these victims to take out hardship loans against their 401(k) retirement accounts. Although having this money may help you to replace some of your ... Continue Reading

Company Morale

  • 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, Big Talent: How to Find the Best Employees to Hire for Your Small Business Most business owners are already aware that hiring the right talent is essential to the ongoing success of the company. However, when you are operating a small business with limited resources, you may find that it is more difficult to find quality employees. Fortunately, ... Continue Reading
  • Maintaining a Positive Work Culture Creating and maintaining a positive work culture is one of the most crucial tasks for any company, especially a small business. A positive working environment will lead to increased productivity, higher morale for workers and help businesses retain their skilled employees. ... Continue Reading
  • The Importance of Happy Employees In order for a business to succeed, it must first comprise itself of happy and satisfied employees. When the personnel within a company feels that they are respected and taken as a priority, they produce better results for the entire team. This ultimately increases the ... Continue Reading

COVID-19

  • PPP Loan Forgiveness Updates As we continue to navigate the challenges and uncertainties of the COVID-19 pandemic and the ongoing economic crisis, know that Padgett is working closely with the IRS, the U.S. Treasury Department, Congress, and other government agencies and member organizations to get you ... Continue Reading
  • Changes to Paycheck Protection Program Loan Forgiveness As part of the ongoing evolution of the Paycheck Protection Program (PPP), additional policy adjustments and complementary legislation have just been approved that will ease the burden on small businesses who feared the original loan forgiveness requirements were too ... Continue Reading
  • Clarity Needed On PPP Loan Forgiveness As we continue to grapple with the challenges and uncertainty around the COVID-19 pandemic, the Paycheck Protection Program (PPP) has proven to be a lifeline for small businesses across the country. It has provided needed funds to pay employees and keep small businesses ... Continue Reading
  • Making Small Matter Across the country, small businesses are feeling the economic crunch from COVID-19. From mandatory lockdowns to jittery customers, many businesses are having to make difficult decisions around managing payroll, forgoing future investments and evaluating when it is safe to ... Continue Reading

Employee Pay

  • Clarity Needed On PPP Loan Forgiveness As we continue to grapple with the challenges and uncertainty around the COVID-19 pandemic, the Paycheck Protection Program (PPP) has proven to be a lifeline for small businesses across the country. It has provided needed funds to pay employees and keep small businesses ... 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

Employee Wages

  • 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

Employees

  • What Kind Of Hiring Strategy Should Your Small Business Use? Most business owners know that hiring the right talent is one of the best ways to ensure the company's success. However, small business hiring budgets tend to be limited, making it necessary for the company to concentrate its efforts on the most effective hiring practices. ... Continue Reading

Finance

  • 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
  • What can you Deduct on Your Small Business Taxes? If you own a small business, you may be wondering how you can reduce your taxable income and save some money at tax time. Below are some of the best deductions currently available to small businesses. New equipment purchases. If your small business invested in new equipment, ... Continue Reading
  • Benefits of Outsourcing Your Business's Bookkeeping Businesses of all sizes must complete certain bookkeeping tasks. In some cases, businesses are able to complete all of these tasks in-house. However, when a business's bookkeeping needs are too complex or time-consuming, it may be better to outsource them to a third-party ... 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

Financial Planning

  • 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
  • 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
  • Benefits of Outsourcing Your Business's Bookkeeping Businesses of all sizes must complete certain bookkeeping tasks. In some cases, businesses are able to complete all of these tasks in-house. However, when a business's bookkeeping needs are too complex or time-consuming, it may be better to outsource them to a third-party ... Continue Reading

Financial Tips

  • 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

IRS

  • Cutting A $254,000 Bill To $0 With Formidable Tax Help It was somewhat of a coincidence that they had already worked in commercial real estate, but when a husband and wife inherited another real estate property, they needed tax help. While the property – considered a gift – should have had a $0 tax basis, the IRS assessed the ... Continue Reading
  • More States Likely to Require Use of E-Verify System at Hiring Time An increasing number of state and local governments are implementing or considering laws that will make it mandatory for employers to check the information supplied by applicants on I-9 forms against the database of the federal E-Verify system. Small business consultants ... Continue Reading

IRS Problems

  • 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
  • Tax Problems Don’t Go Away After Your Biz Files An Extension Tax problems are all too common among small business owners. Why are they so widespread? Many owners don’t have a complete understanding of what actually causes these issues and how to prevent them. Moreover, these problems are compounded by an inability to pay your taxes by ... 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

  • 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
  • Pay Raises More Frequent in 2013 Small businesses may being giving out raises a little more frequently this year, and they may also be shelling out a somewhat bigger increases in wages and salary to keep their top performers on the payroll. That’s according to WorldatWork, a non-profit association of human ... Continue Reading

Payroll Bonuses

  • 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

  • Direct Deposit Has Many Benefits for Employers and Employees Alike Direct deposit of employee payroll into workers’ bank accounts in lieu of issuing paper checks has advantages for both payers and payees. So great are the benefits of direct deposit that some employers no longer even offer their employees the option of receiving a paper ... Continue Reading
  • Small Business Payroll Service & Payroll Administration Payroll Manager / Payroll Specialist - Payroll Administration. Contract Payroll Outsourcing And More... Padgett is first in payroll services for small businesses, and we are here to help if you are tired of playing the role of payroll manager. If that's you, our ... Continue Reading
  • What can you Deduct on Your Small Business Taxes? If you own a small business, you may be wondering how you can reduce your taxable income and save some money at tax time. Below are some of the best deductions currently available to small businesses. New equipment purchases. If your small business invested in new equipment, ... Continue Reading
  • How to Solve the Biggest Problems with Payroll If you have employees, payroll is part of your everyday life as a business owner. Managing payroll can be a big job, especially when you have many other tasks to handle. As a result, many business owners find themselves dealing with payroll problems. Below are some of the ... Continue Reading

Small Business

  • The Small Business Guide to Hiring the Best Employees Small businesses rely on their employees to help them become successful and maintain productivity overtime. Because small businesses are able to support only a limited number of employees, hiring the right people is essential. Below are some tips to help you optimize your ... Continue Reading
  • How to Prepare for the Impact on Your Small Business from the Tax-Free Weekend Many states offer shoppers a tax-free holiday as an incentive once each year. In Massachusetts, the tax-free weekend for 2019 will be August 10-11. Although these weekends encourage more retail activity, they can also create headaches for businesses. Below are some tips to ... 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
  • 7 Effective Ways to Managing Remote Employees Allowing your employees to work remotely helps to conserve company resources, improve efficiency and open up a much wider hiring pool. However, working with remote employees also comes with challenges. Below are seven tips to help you manage your remote employees ... Continue Reading

Small Business Accounting

  • Ignoring These 5 Accounting Issues? You’re Hurting Your Biz Is accounting the reason you started your small business? Is accounting one of your strong suits? For most business owners, the answer to these two questions is undoubtedly “no.” The problem isn’t that you don’t enjoy accounting and aren’t knowledgeable about it. But if we ... Continue Reading

Small Business Cash Flow

  • 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
  • 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

Small Business Deductions

  • What can you Deduct on Your Small Business Taxes? If you own a small business, you may be wondering how you can reduce your taxable income and save some money at tax time. Below are some of the best deductions currently available to small businesses. New equipment purchases. If your small business invested in new equipment, ... Continue Reading
  • Tips for Determining Automobile Allowance for Business Use Deducting small business expenses is one of the best ways to lower your tax bill. For many businesses and individual entrepreneurs, one of the most advantageous deductions is the automobile allowance. This deduction allows you to reduce your income based on the expenses you ... Continue Reading
  • Seven Small Business Tax Deductions You Might Have Missed Managing a small business is complicated. Managing and keeping track of all the deductions you are entitled to can be even more so. You are not alone. According to Kiplinger, millions of individuals overpay on their taxes each year. Below are a seven small business tax ... Continue Reading
  • What Can You Claim as a Business Expense? Tax time is the least anticipated time of the year for most Americans, but especially so for business owners. Not only do you have to do your own personal taxes, but you have to file for your business and determine which of your expenses are deductible. With the deadline to ... Continue Reading

Small Business Expenses

  • 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
  • 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
  • Small Business Taxes: 5 Reasons Why Professional Help Matters It’s amazing that as a small business owner, you wouldn’t hesitate to ask for professional help to fix a plumbing job or to repair faulty machinery. But when it comes to tax preparation and financial consulting, a lot of business owners opt to go it alone. This decision not ... Continue Reading

Small Business Finance

  • 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
  • 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
  • How to Stretch Your Tax Refund Dollars As a small business owner, it is not uncommon to receive a tax refund. Whether you were expecting to receive this money or not, it is important to put it to good use. Below are some tips to help you get the most benefit from your tax refund. Pay down business debts. Most ... Continue Reading

Small Business News

  • 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
  • Thinking Like A Doctor Led To Quadruple The Profitability As we wrote in a recent blog, it’s not only businesses with major problems that require help . It’s also important to note that significant problems aren’t always obvious, but they certainly can ruin your small business’s profitability. Look no further than a Connecticut ... Continue Reading
  • Important Business Lessons Learned Through Game of Thrones – Part Two In celebration of the wildly popular Game of Thrones returning to HBO April 6, PADGETT BUSINESS SERVICES® continues its two-part series on the business lessons to be learned from Game of Thrones. [WARNING: this article may contain spoilers.] Lesson 3: Know Your Business ... Continue Reading
  • Community Involvement Is Crucial for Small Businesses As a busy small business owner, you may think that it would be nice to be more involved with your community, but you just do not have the time. However, several studies have found that it is imperative for you to make the time for community involvement if you want to be ... Continue Reading

Small Business Payroll

  • Tips for Getting your Small Business Accounting Practices in Order Regardless of the size of your business, having efficient accounting practices in place is essential to your success. Without the right accounting processes, you won't be as profitable as you could be, and you may even find yourself subject to penalties. When you have a ... Continue Reading
  • What can you Deduct on Your Small Business Taxes? If you own a small business, you may be wondering how you can reduce your taxable income and save some money at tax time. Below are some of the best deductions currently available to small businesses. New equipment purchases. If your small business invested in new equipment, ... Continue Reading
  • Top 5 Payroll Priorities for Business Owners in 2019 Payroll is an essential component of any business' operations. Like all aspects of business, however, payroll continues to evolve and change over time. As payroll changes, business owners develop new goals and priorities. A recent survey of small business owners found that ... 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

Small Business Practices

  • The Small Business Guide to Hiring the Best Employees Small businesses rely on their employees to help them become successful and maintain productivity overtime. Because small businesses are able to support only a limited number of employees, hiring the right people is essential. Below are some tips to help you optimize your ... Continue Reading
  • How to Prepare for the Impact on Your Small Business from the Tax-Free Weekend Many states offer shoppers a tax-free holiday as an incentive once each year. In Massachusetts, the tax-free weekend for 2019 will be August 10-11. Although these weekends encourage more retail activity, they can also create headaches for businesses. Below are some tips to ... Continue Reading
  • 7 Effective Ways to Managing Remote Employees Allowing your employees to work remotely helps to conserve company resources, improve efficiency and open up a much wider hiring pool. However, working with remote employees also comes with challenges. Below are seven tips to help you manage your remote employees ... 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 Taxes

  • 5 Awful Small Business Tax Tips You Should Ignore When it comes to taxes, there’s no shortage of “expert” advice. Since we all must deal with taxes at least once a year, many people believe they understand everything they need to know about the topic. This leads to plenty of “free tax advice” being passed around. ... Continue Reading
  • Fearing More Surprises And Tax Penalties, This Owner Got Help Some small business owners are resigned to the idea that tax season has to be stressful, while others know there are better ways to manage their taxes. Some business owners wait until March or April and are able to avoid tax penalties, while others are far less fortunate. ... 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
  • Avoidable Causes Of Small Businesses’ Biggest Tax Problem Defining your 10 to 12-hour days as a “grind” is an understatement. Running a small business day in and day out, you can easily forget about your tax responsibilities. At the root of most small business owners’ biggest tax problem is this inattention to taxes. With income ... Continue Reading

Tax Strategies

  • Unhappy With the Income Tax Bill for Your Small Business? Here's What You Should Do: We all want to pay as little income tax as possible without breaking the law. If your small business tax bill is too high, try the following tips to bring it down in subsequent years. Keep impeccable records. Most of the deductions your small business can claim depend on ... Continue Reading
  • I Filed My Income Tax Return but Couldn't Pay. What Should I Do Now? Whether you are an individual or a small business, filing your tax return on time is important. However, if you can't pay the full amount of income tax you owe on or before the due date, you will face interest and penalties even if you filed on time. If you have filed your ... Continue Reading
  • Why You Need Professional Help Preparing Your Business Taxes - 8 Points to Consider Preparing income tax returns as a small business can be challenging. Tax laws change continuously, and keeping up with all of these filing requirements can be daunting for the busy business owner. In order to prevent tax-related problems, it is best to entrust your taxes to ... Continue Reading
  • Seven Small Business Tax Deductions You Might Have Missed Managing a small business is complicated. Managing and keeping track of all the deductions you are entitled to can be even more so. You are not alone. According to Kiplinger, millions of individuals overpay on their taxes each year. Below are a seven small business tax ... Continue Reading

Tax Tips

  • Unhappy With the Income Tax Bill for Your Small Business? Here's What You Should Do: We all want to pay as little income tax as possible without breaking the law. If your small business tax bill is too high, try the following tips to bring it down in subsequent years. Keep impeccable records. Most of the deductions your small business can claim depend on ... Continue Reading
  • I Filed My Income Tax Return but Couldn't Pay. What Should I Do Now? Whether you are an individual or a small business, filing your tax return on time is important. However, if you can't pay the full amount of income tax you owe on or before the due date, you will face interest and penalties even if you filed on time. If you have filed your ... Continue Reading
  • Why You Need Professional Help Preparing Your Business Taxes - 8 Points to Consider Preparing income tax returns as a small business can be challenging. Tax laws change continuously, and keeping up with all of these filing requirements can be daunting for the busy business owner. In order to prevent tax-related problems, it is best to entrust your taxes to ... Continue Reading
  • Seven Small Business Tax Deductions You Might Have Missed Managing a small business is complicated. Managing and keeping track of all the deductions you are entitled to can be even more so. You are not alone. According to Kiplinger, millions of individuals overpay on their taxes each year. Below are a seven small business tax ... Continue Reading

Taxes

  • What can you Deduct on Your Small Business Taxes? If you own a small business, you may be wondering how you can reduce your taxable income and save some money at tax time. Below are some of the best deductions currently available to small businesses. New equipment purchases. If your small business invested in new equipment, ... Continue Reading
  • Small Business Tax Deadlines: When Are They & How to Prepare Small businesses have a number of responsibilities and requirements when it comes to filing and paying taxes. Remembering deadlines and taking care of all of the required tasks can be daunting, especially when you have many other items on your to-do list. Below is some ... Continue Reading
  • How will Tax Reforms in 2018 Affect Small Businesses in 2019 The government recently approved some of the most significant tax reforms seen in recent years. These reforms will affect all taxpayers, including small businesses. As you get ready to prepare your 2018 tax return, be aware of the following changes. Changes to tax rates. If ... Continue Reading
  • Is Tax Reform Really Helping Small Businesses? Those in favor of the new tax law argued that it would boost small businesses by giving them much-needed breaks on taxation. However, since the law has been passed, the idea that it would be truly helpful for small businesses has been up for debate. Although this reform ... Continue Reading

Tips

  • How to Get Financing for Your Small Business Whether you are just starting your small business or you are looking for a way to expand in a new market, finding the right sources of financing is essential to your success. However, unless you are independently wealthy, getting the money you need may be challenging. To ... Continue Reading
  • The IRS Wants to Be Friends Believe it or not, the Internal Revenue Service does not want to audit your company. It’s a time-consuming, costly process that generally results in dissatisfaction all around. The IRS has actually become very consumer-friendly in recent years, connecting with business ... Continue Reading
  • Are Hidden Costs Decimating Your Bottom Line? As a small business owner, you work tirelessly every day to keep your business afloat and, hopefully, see it grow. You seem to be making headway – attracting new customers, finding better ways to accomplish tasks and achieving revenue growth. Yet, when you sit down to ... Continue Reading
  • Improve Your Business with 6 Financial Tips There are a surprising number of ways established businesses can save money – and not a single one of them directly involves giving up resources or cutting back on your company’s existing bottom line. Boost your business’ financial capabilities with these easy tips for ... Continue Reading