Blog

As we approach the last quarter of 2025, it’s important to ensure your personal finance and tax strategies are aligned before December 31. With several tax law changes taking effect this year because of the One Big Beautiful Bill Act, and more on the horizon in 2026,...

Warren Buffett is known for his long-term thinking and careful evaluation of business fundamentals. Though small business owners don’t run publicly traded companies, many of the same metrics that Buffett relies on can offer meaningful insight into how your business is...

Big changes are coming to individual taxes, thanks to the recently passed One Big Beautiful Bill Act. While many headlines have focused on the bill’s impact on small businesses, there are several important changes that will directly affect individual...

A significant piece of tax legislation, known as the "One Big Beautiful Bill Act," has recently passed the House of Representatives and is now under consideration in the Senate. While not yet law, this bill contains provisions that could substantially affect small...

Artificial intelligence is fundamentally changing the way the world works – and accounting is no exception.  At SBS Accounting & Advisors, we’re in the beginning phases of exploring new ways to use AI as a digital co-worker.  As we go down this road, our ultimate...

SBS Accounting & Advisors’ own Jennifer Richardson spoke to the Blue Ridge Chamber of Commerce last quarter on the topic “The Right Data at the Right Time.” Understanding what data to look at and how to interpret it is critical to the success of your business.  In...

As a small business owner, you’re juggling multiple roles.  You outsource bookkeeping to save you and your staff the time and hassle of tracking income and expenses, and that’s a great use of resources.  However, bookkeeping is looking backwards in time. It would be...

At our “3 Must-Know Year-End Tax Strategies” event in November, Jonathan Bill explained how budgets are a license to spend, but forecasts are a license to make profit. Based on the book Simple Numbers by Greg Crabtree, which we use here at SBS Accounting &...

At our “3 Must-Know Year-End Tax Strategies” event last month, Phillip Focaracci (CPA, SBS Accounting & Advisors), explained how health savings accounts, or HSAs, can be a big winner for small businesses and their owners. Not only are they a powerful way to save...

Getting an IRS audit notice would probably induce stress for just about any small business owner.  But if you find yourself in this situation, there are a few things to keep in mind that can make your life easier. First, there are a lot of scams out there trying to...