Payroll is the great equalizer in business. It doesn’t matter whether you employ one person or 10,000 – the regulations and rules governing payroll are the same. Small business owners who don’t have a payroll expert on staff can easily run afoul of state and federal regulators. Here’s what you might not know. First, state...
Finding the right accountant for your business is essential to your success. The good news: you have a lot of choices. The bad news: you have a lot of choices. Here’s some advice that might help. First, you should know that the term “accountant” isn’t really an indicator of what skills you’ll be hiring. You...
“It takes as much energy to wish as it does to plan.” – Eleanor Roosevelt We’ve written about cash flow before; it’s the lifeblood of your business. Every business owner knows that cash is critical to their success, but almost none of them have a plan for managing it. There’s a name for that plan:...
We frequently talk to business owners about what their CPA does for them. Ninety percent of the time, the answer we get is, “they do my taxes.” That’s an essential service, but it’s just a fraction of the financial services your business needs. When you find the right partner, you can build a true relationship...
If you’re a small business owner filing a Schedule C, the answer is probably yes. Benjamin Franklin is credited with saying, “In this world, nothing can be said to be certain, except death and taxes.” Taxes are an inevitable part of a small business owner’s responsibility, but you may be paying more than you must...
Most business owners have an attorney they trust with legal matters and a CPA they trust with financial matters. “But there are actually three essential relationships a business owner needs to succeed,” says Andrea Bone, CPA, founder and CEO of Accounting and Business Partners. “And most business owners only have two out of three.” The...
