Bookkeeping Tips for Small Business Owners

Small business virtual CFO

As a small business owner, you usually end up wearing a lot of hats. One day you might be the CFO and another day you might be an HR recruiter. While this can be stressful and time consuming, it’s also important to keep up with your bookkeeping tasks properly and accurately as the year goes […]

Small Business Tax Filing Advice: How to avoid an audit.

Individual tax preparation

With the IRS planning to increase tax audits by 50% this year, your small business could be targeted. An audit only happens when the IRS is suspicious that your tax forms aren’t accurate or truthful. Therefore, it’s important to take many precautions during the tax preparation process before you file. Numbers matter: When it comes […]

Find out which business tax breaks you’re eligible for due to the new enacted CAA

The Consolidated Appropriations Act provides over $2.3 trillion in funding which includes $900 billion in stimulus relief for the COVID-19 pandemic. The CAA was signed into law on December 27, 2020. Along with the newly enacted CAA comes new federal income tax breaks for businesses while also extending other breaks that were going to expire […]

Small Business Health Quiz (Part 2)

Regardless of national events, or where things are with PPP and EIDL loans — as a business owner, it’s important that you take a REGULAR, clear-eyed look at the underlying legal and financial foundations of your business. I started with these last week, and I’m wrapping them up today. From last week… #1: Is the […]

Do you accept credit cards? Then read this.

Accept Credit Cards Legal Settlement

You may have already heard about the multi-billion-dollar legal settlement if you accepted credit cards from 2004-2019. Here’s the warning: you do NOT need a lawyer to claim your part of this settlement. But there are lawyers now advertising to do it all for you, for 20% of any recovery. All of the information you […]

Cash is King…Especially Now

Cash is King During COVID-19 Pandemic

Cash flow has always been the lifeblood of any business. With COVID cases raging in some states and creeping upwards in our region, it is clear the pandemic will be with us for the foreseeable future. Whether your business remains on life support or has been on the road to recovery, managing cash flow is […]

Every Small Business Owner Needs a CFO – Especially Now

As a small business owner, you may not feel you can justify the expense of a full time CFO. But there are times you absolutely need someone with a trained financial mind to help you make big decisions, plan for the future – and ensure you are properly tracking your finances.   Here are just […]

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