Blog

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...

We held an event last month in Marietta, Georgia, on the topic of “3 Must-Know Year-End Tax Strategies.”  Our own Phillip Focaracci, CPA, Senior Tax Lead, highlighted three main areas where you could reap tax savings as we near the end of the year. First, there are...

Business tax credits are a dollar-for-dollar reduction in the amount of taxes a business owes, and there’s a decent chance that at some point over the years, your business has been eligible for one or more. Tax credits are a great way for businesses to save money on...

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...

As you may know, there are lots of bad guys out there trying to steal your sensitive information. All of us here at SBS Accounting & Advisors prioritize keeping your finances secure, so here are some tips to avoid the scams: 1. Be wary of unexpected...

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...