We are living in an active world of finance where understanding and analyzing a company's performance is not just about exploring the income statement and balance sheet. To have a complete view, investors, analysts, and financial professionals always explore the...
Happy Holidays Everyone! Since we’re at the end of the year, let’s talk about staff bonuses and gifts. I see this mistake happen all the time and because it involves payroll taxes, it can mean BIG trouble for your business. No matter how small the amount, cash...
Tax planning may sound complex, but for small business owners, it's a crucial aspect that can save you money and headaches. Let's break it down into simple terms and explore the questions you should be asking with the help of your CPA. What Your CPA Will Look At:...
If you are a business owner and haven’t heard of the term “ERC”, I’d like to join you under whatever rock you’ve found to block out the real world. I feel like I’m constantly being bombarded with spam calls, emails, and advertisements online about how I’m “missing...
In the aftermath of a disaster, individuals and businesses are often left grappling with the destruction of essential documents and records. However, the IRS makes it clear: your burden of proof does not change just because documents are destroyed by an external...
In the intricate world of taxes, there's a simple truth: good bookkeeping is your best friend. The recent case of Gobran v. Commissioner serves as a compelling reminder of why meticulous record-keeping is not just a chore, but a necessity for every business owner. The...
Running a small business is like sailing a ship in uncharted waters. To ensure you're on the right course and headed towards success, you need a compass. In the world of business, that compass is known as Key Performance Indicators (KPIs). KPIs are essential metrics...
Running a small business involves a multitude of expenses, from travel to client meetings to attending industry conferences. Did you know that many of these expenses can potentially be tax-deductible? However, it's not as simple as declaring them; the IRS requires...
You already know we are #notyourtypicalbookkeepers, but there’s something that we do for every new client that I want to dive a little deeper into. I like to call it Chart of Accounts (COA) optimization. This service is designed to help you streamline your financial...
So, now that we have added “Advisory” to our name, what does that actually mean? Clients in our Full and Premium packages (I’m working on new names for these) will be getting 1 on 1 deep dive strategy sessions with me either quarterly or monthly, respectively. So,...
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