Business Success Tips
Q2 Estimated Tax Payments are Due June 16, 2025
Let's talk about estimated tax payments. I know, not a fun topic, but an important one. Missing an estimated tax payment can result in non-deductible penalties. Make timely payments via IRS Direct Pay or EFTPS— these are secure and convenient methods to help you avoid...
Who gets a 1099?
Filing 1099s for your business just got a whoooole lot easier! My goal is to help you out as much as possible. I know running your business is time consuming and the last thing you want to think about is taxes and all the paperwork that's involved with keeping up with...
Crucial Financial Metrics Every Business Owner Should Monitor
Understanding your financial statements is essential for making informed decisions and steering your business toward success. But which numbers should you focus on? Here are some key metrics to keep an eye on: 1. Gross Profit Margin Your gross profit margin shows the...
Quick Tips to Tidy Up Your Books for a More Efficient, Profitable Business
A tidy set of books isn’t just about being organized—it’s about creating a strong foundation for business success. Proper bookkeeping allows you to make informed decisions, save time, and increase profitability. Here are a few tips to help you tidy up your books and...
The Financial Dream Team: Key Experts Every Business Owner Should Have
Your money team consists of key professionals who ensure that every aspect of your business’s financial health is covered. This team provides valuable insights, helps you avoid costly mistakes, and ensures that you’re making informed decisions. Let’s break down the...
How Do I Give My Accountant Access to My Business Accounts?
In today’s fast-paced business environment, maintaining a close and efficient relationship with your accountant is crucial. One of the most effective ways to achieve this is by providing them with "View-Only" access to your bank accounts. This not only streamlines the...
Year-End Tax Strategies for Marriage, Kids, and Family
Are you thinking of getting married or divorced? If so, consider December 31, 2023, in your tax planning. Here’s another planning question: Do you give money to family or friends (other than your children, who are subject to the kiddie tax)? If so, you need to...
Last-Minute Year-End Retirement Deductions
The clock continues to tick. Your retirement is one year closer. You have time before December 31 to take steps that will help you fund the retirement you desire. Here are five things to consider. Establish Your 2023 Retirement Plan First, a question: do you have your...
Medical Plan Strategies for Business Owners
All small-business owners with one to 49 employees should have a medical plan for their business. Sure, it’s true that with 49 or fewer employees, the tax law does not require you to have a plan, but you should. When you have 49 or fewer employees, most medical plan...