Why Is My Business Profitable but Short on Cash?
A question we hear from business owners all the time is this: If my business made money this year, why isn’t there more cash in the bank? The financial statements show a healthy profit, yet the bank balance tells a different story. For many owners, this disconnect can...
Do I Need to Recalculate My Estimated Taxes During the Year?
Many business owners ask, “Do I need to recalculate my estimated taxes during the year, or can I just use the payment coupons from last year’s return?” If your income changes during the year, your estimated tax payments should change too. Estimated taxes are intended...
The Worst Accounting Mistakes We’ve Seen Businesses Make
After working with business owners for 20 years, we at SBS have seen certain accounting mistakes surface again and again. These patterns often come to light only after the mistake has caused financial, tax, or operational problems – and we want to make sure your...