Understanding Accountable Plans
A Smart Way for S Corporations to Reimburse Business Expenses Tax-Free Business owners often pay for work-related expenses out of their own pocket. Without the right system in place, those expenses can easily be reimbursed incorrectly or treated as taxable wages. This is where an accountable plan becomes incredibly valuable. An accountable plan is an […]
October Accounting Prep Sets Your Business Up for Success
October is a key month for business owners. With the busy holiday season just around the corner, it’s the perfect time to pause and reset your focus. Use this month for accounting prep, including: Checking in with your bookkeeper or accountant, Preparing early for 1099s and year-end reporting, and Discussing tax planning strategies before year-end. […]
Are You Ready for the IRS Paper Check Phase-Out?
If you’ve been mailing checks to the IRS, it’s time to start thinking differently. Beginning September 30, 2025, the IRS and U.S. Treasury will stop accepting most paper checks. That means all payments—whether you’re settling a tax bill, making estimated payments, or receiving a refund—will need to happen electronically. This change may feel sudden, especially […]
What the One Big Beautiful Bill Means for You and Your Business
A major tax bill was recently passed by the Senate and signed into law—officially called the One Big Beautiful Bill (OBBB). While the name may sound grand, the real question for most individuals and business owners is simple: What’s actually changing and how does it affect me? The Breakdown Here’s a breakdown of the key […]
Not All Business Advice Is Good Advice— How to Spot the Bad Stuff
Tired of conflicting financial advice for your business? From social media gurus to viral success stories, business owners are flooded with financial tips—some helpful, many harmful. If you’re not careful, following the wrong advice could hurt your bottom line. Your Guide to Smarter Money Moves The truth is, not every tip applies to every business. […]
EBITDA vs. Net Income: What’s the Real Difference—and Why Should You Care?
Ever stare at a financial report and wonder what EBITDA or Net Income really mean? You’re not alone. Those two numbers show up in nearly every business’s financial statement, but they serve very different purposes—and knowing the difference can help you make smarter business decisions. What Is EBITDA, really? EBITDA stands for Earnings Before Interest, […]
Summer Reset: Your Mid-Year Financial To-Do List
Can you believe we’re already halfway through the year? This is the perfect time to take a step back, review your numbers, and make a few minor adjustments that can lead to significant improvements by year-end. Smart Financial Moves Here are a few clever financial moves to consider: Review your revenue and expenses: Check what’s […]
Is It Time to Rethink Your Business Pricing? Here’s How to Know
We’re here to talk about something many business owners avoid…pricing. If your profit margins feel too tight, your revenue isn’t matching your workload, or you haven’t reviewed your rates in over a year…it might be time for a pricing adjustment. Rethink & Refine Here are a few tips to help you rethink and refine your […]
Is Your Business Budget Still Working for You?
Most business owners create a budget once, feel good about it, and then don’t look at it again until the following year. But if you’re not reviewing your budget regularly, it’s probably not working as well as you think. Business isn’t static; prices change, revenue shifts, expenses creep in, and unexpected things pop up. So, […]
Why a Mid-Year Budget Review Matters
As the second quarter progresses, business owners must ensure they’re on track with their financial goals. A mid-year budget review helps you identify areas where you may be over or under-spending, allowing for necessary course corrections before year-end. Without this evaluation, you may face cash flow problems, unexpected expenses, or lost revenue opportunities. A thorough […]
