Aug 1, 2021 | Accounting, Business, Taxes
Small Business IRS Audit Mistakes In late 2020, the IRS announced that it will increase tax audits of small businesses by 50 percent in 2021. Here are several mistakes to avoid if you do get audited by Uncle Sam. Mistake: Missing income. A long history of...
May 28, 2021 | Accounting
Building a Fortress Balance Sheet The best way to weather a storm is often by being prepared before the storm hits. In the case of small businesses, this means building a fortress balance sheet. What is a fortress balance sheet? This long-standing idea means taking...
May 14, 2021 | Accounting
Helping Your Fellow Business Owner Your firm survived 2020. Now you may be asking yourself when will the economy return to pre-pandemic levels? Will it be this fall? A year from now? Longer? Until the economy fully emerges from the pandemic, small businesses can help...
Feb 17, 2021 | Accounting
Seven Tips For Financial Wellness In 2021 A global pandemic has us all examining our finances. Perhaps 2021 is the year to shift focus. Here are seven tips to help you become more financially fit. Create a budget. It’s easy to get into financial trouble if you spend...
Feb 10, 2021 | Accounting
Make Preparations for Form 1099s This Year Be looking for new Form 1099-NEC! Here are three tasks to consider that will make meeting your business’s information reporting requirements less stressful this tax season. Review your general ledger. Even if...
