Non-profit owners should be focused on their endeavors. When you started your non-profit, you likely didn’t envision yourself sitting behind a computer all day. Nor did you picture yourself filing, scouring, and inputting numbers into spreadsheets all day. But, you aren’t exempt from accounting principles. In fact, your financial status is a critical part of [...]
Merging two businesses is not easy. Merging two small businesses is no easy feat. Not only will you have to navigate the sale, prepare staff, and re-structure your model, but you’ll need to examine its tax implications. And, having to navigate the IRS rules can be difficult. Especially given that there is no clear answer [...]
Not all financial professionals are the same. Maybe you need help organizing finances, or, you’re interested in knowing how you compare to others in the industry. Regardless, the type of professional you visit matters. That’s because there are distinct differences between CPAs and accountants. From education levels to fiduciary responsibilities, regulations, and ethics; not [...]
There are a number of reasons you should use a public accounting firm. Whether you’re a freelancer, contractor, or small business owner; using a public accountant is a no-brainer! Public accountants can help to save time, stress, and money when it comes to your finances. That’s because their credentials, experience, and expertise cannot be compared. [...]
Surviving your first five years in business is possible. The first few years of business are tough. Regardless of the industry, it’s in or the world’s condition. But, there are a few common traits we see in successful people. These owners have determination, a long-term plan, financial organization, and a willingness to pivot. We’ve analyzed [...]
There are many things you can do to avoid filing late. Submitting a delinquent tax return is possible. Oftentimes, we witness people that haven’t filed because of neglect, confusion, disorganization, and misinformation. Although common, this issue can be financially devastating. Withholding your tax return can get you in hot water with officials, rack up interest, [...]
Retirement planning doesn’t have to be stressful. With so much going on in the world, retirement planning might not be on your mind. But, having a solid plan in place is crucial. You never know what the future will bring, which is why preparing is the most important thing you can do. We’ve outlined the [...]
Non-profits provide essential services to communities. Giving back to the community has never been more important. And with so many people turning to others for help these days, non-profit organizations are thriving. These organizations can be a lifeline to others; offering food, supplies, housing, resources, and aide to some of the most vulnerable people. So, [...]
Ignoring payroll tax can cost you. As a business owner, you rely on your employees. After all, they are the backbone of your company. They keep things running, organized, and progressing for you on a daily basis. And without these dedicated team members, your success and growth might be compromised That’s why it’s important to [...]
Own A Small Business? Planning Tips for Your Retirement Retirement looks different for everyone. Retirement is meant for relaxation, reflection, and enjoyment. But, without the right planning, you might find yourself stressed. This is especially true for young entrepreneurs. Most of whom don’t have access to the same group plans or employer-matching programs offered by [...]
