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Proposed Tax Bill Impacts Your Small Business

Proposed Tax Bill Impacts Your Small Business

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...

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Forecasting is more important than budgeting

Forecasting is more important than budgeting

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 &...

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Focus on Pre-tax Profit, Not on Revenue

Focus on Pre-tax Profit, Not on Revenue

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...

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