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...

UPDATE: Federal Beneficial Ownership Information regulation found unconstitutional A federal judge in Texas ruled in early December 2024 that the Beneficial Ownership Information (BOI) rule of the federal Corporate Transparency Act (CTA) is unconstitutional. You may...

For a small business, hiring a new employee is a big deal. It is a major investment and also an exciting milestone. Adding staff means you’re growing and potentially increasing revenue. But there is more to the financial side of adding an employee than just being sure...

As a small business owner, you are probably focused on growing your revenue. That’sfine – who doesn’t want to get more sales each year? But, the top line should not bethe first place your attention goes when you look at the income statement. Yes, youread that...

As a small business owner, you know the struggles of keeping the business going. You wear a lot of hats, put in the long hours, and prioritize your company's success above all else. Sometimes, this dedication translates to taking a backseat with your own salary,...

The U.S. Department of Labor (DOL) has finalized its new independent contractor rule,with big implications for small businesses. The new regulation, which would make it more difficult for companies to classify workersas independent contractors, has been opposed by...

UPDATE: Federal Beneficial Ownership Information regulation found unconstitutional A federal judge in Texas ruled in early December 2024 that the Beneficial Ownership Information (BOI) rule of the federal Corporate Transparency Act (CTA) is unconstitutional. You may...

Before you know it, we’ll all be saying “Happy New Year!” With the end of the 2023 quickly approaching, it’s a good time think about your financial situation and tackle a few tasks. Tax planning between now and December 31 can have a significant impact on your...

Intuit, the maker of QuickBooks, recently announced an AI tool called Intuit Assist that will be rolling out to U.S. customers in the next few months. According to Intuit, the chatbot digital assistant will have the ability to make life easier  for QuickBooks users in...