Tracy Cobb

Thriving Through Tax Season: How Strong Financial Systems Reduce Stress

You work hard all year to scale your operations, pushing toward that ultimate goal of…

Last-Minute Tax Planning: What Business Owners Can Still Do Before Filing

You are the hero of your business story. Over the last twelve months, you have…

Balancing Business and Personal Finances for Tax Efficiency

As a business owner, you likely wear two very distinct hats. One day, you are…

Using Tax Savings to Scale Your Business

Hitting the $1 million revenue mark is a massive achievement. It signifies that you have…

Protect Your Business Value: Cybersecurity Insights for Scaling Companies

You have spent years building your business. You have moved past the startup phase, hit…

Tax Strategies to Fuel Business Growth

When you first started your business, the goal was likely survival. You celebrated every sale…

Coordinating with Financial Experts to Maximize Tax Efficiency

As your business grows beyond the $1 million revenue mark, your financial landscape shifts dramatically….

The Tax Advantages of Hiring Your Children

For many business owners, the dream isn’t just about hitting a revenue target or dominating…

How to Simplify Your Investments and Reduce Tax Obligations

As your business grows, so does the complexity of your financial life. You hit that…

5 Tax-Saving Strategies Every Business Owner Should Know

As a business owner, you’ve poured countless hours into building your company. You’ve successfully navigated…

The Importance of Business Valuation for Your Company’s Future

As a business owner, you’ve dedicated years to building your company from the ground up….

What We Learned From January Planning Conversations

January is always a whirlwind. It is the month of fresh starts, ambitious spreadsheets, and…

Master Your Business Expenses for a Successful 2026

As a business owner, you wear many hats. One of the most critical is that…

What Thriving Actually Looks Like Financially

Moving beyond the day-to-day stress of making ends meet is a common goal for many…

Why Clarity Beats Motivation Every Time

Most business owners we talk to don’t have a motivation problem. You didn’t get to…

Small Business Tips to Scale and Succeed

You’ve built your business from the ground up, reaching a level of success many only…

Navigating Business Interest Expense Deductions

As a business owner, you’re constantly looking for ways to grow your company while managing…

Wishing You a Merry Christmas and a Prosperous New Year

As the year draws to a close and the holiday season unfolds, we find ourselves…

Is Your Business Ready for the 2026 Tax Landscape?

The only certainties in life are death and taxes, as Ben Franklin famously said. But…

Preparing Your Business for 2026 and Beyond

As a business owner, you’ve worked tirelessly to build your company. Now, you’re likely looking…

5 Key Tax Breaks for Your Business in 2025

As a business owner, you know that every dollar counts. You’ve worked tirelessly to build…

Small-Business Owners Confident in 2026 Despite Economic Challenges

As a business owner, you are no stranger to navigating uncertainty. After several years of…

The Shift: Why C Corporations Are Gaining Favor

The One Big Beautiful Bill Act made several key tax provisions permanent, providing the stability…

Reconciling Your Books: What to Do Before Dec 31

As a business owner, you know the end of the year brings a unique blend…

A Toast to Our Clients: More Grateful Than a Pardoned Turkey

As Thanksgiving approaches, our thoughts turn to what we are most grateful for. And while…

Top 6 Tax Tips for 2026

Tax season can feel like a complex puzzle, but with the right strategy, you can…

Business Resolutions: 3 Big Moves for 2026 & How to Commit

As the year winds down, business leaders often turn their attention toward the future. It’s…

Last-Minute Tax Moves to Consider Before Year End

As the year draws to a close, your focus might be on holiday preparations and…

Cutting Waste: Subscriptions, SaaS, Overhead You Can Trim

Software-as-a-Service (SaaS) has become the operational backbone for modern businesses. From managing customer relationships to…

Maximizing Deductions: What Purchases Still Qualify for 2025?

As a business owner, you’ve dedicated countless hours to building your enterprise. But are you…

Business Operations Audit: What to Clean Up Before 2026

You’ve built a successful business from the ground up. You’ve put in the long hours…

Year-End Tax Checklist: What to Ask Your CPA Before Dec 31st

The final quarter of the year is a critical time for business owners. While you’re…

Turning Survival into Strength: How Smart Cash Flow Planning Can Help Small Businesses Thrive

Every business faces challenges. It is how leaders adapt that defines long-term success. For many…

Unpacking the New QSBS Tax Break

Recent legislative changes have delivered a major win for founders, investors, and early employees of…

Understanding Payroll Liability Components

Payroll is one of the biggest responsibilities for any employer. It’s not just about paying…

5 Tax Deductions Your Small Business Might Miss

As a small business owner, you’re always looking for smart ways to manage your finances….

How to Manage Payroll Liabilities and Avoid Risk

Running a business means wearing many hats, and one of the most critical is that…

The One, Big, Beautiful Bill: What ‘No Tax on Tips & Overtime’ Means for Your Business

A significant piece of legislation, the One, Big, Beautiful Bill Act, introduces new tax deductions…

What Are Payroll Liabilities? A Guide for Your Business

When you run a business with employees, you handle more than just their take-home pay….

Stop Playing Tax Roulette: Why Small Businesses Need Year-Round Planning

Many small business owners wait until tax season to think about their tax strategy, leading…

How Uber and Fintechs Are Reshaping SMB Lending

Small business lending has experienced significant changes as technology platforms have begun to play a…

How Smart Accounting and Tax Planning Shield Your Business from Tariff Impacts

The recent doubling of U.S. tariffs on Indian imports is causing concern for many small…

Fuel Your Growth: Aligning Accounting and Marketing

As a business owner, you’re constantly juggling multiple hats. You know marketing is essential for…

U.S. Treasury is Ending Paper Checks: What You Need to Know

U.S. Treasury is Ending Paper Checks: What You Need to Know The way Americans interact…

The Cash Flow Trap Part 2: How Business Problems Destroy Personal Wealth

In part one of this series, we explored how cash flow blindness and outdated payment…

Unlocking Tax Credits and Deductions Under the Big Beautiful Tax Bill

The Big Beautiful Tax Bill (BBTB) has introduced new opportunities for S Corporations to reduce…

The Cash Flow Trap: Why Your Business Bank Balance is Lying to You

Your business could be thriving on paper while secretly bleeding to death. The culprit? A…

The Critical Role of Basis Tracking in Year-End Tax Planning

When it comes to year-end tax planning, accurate basis tracking often takes a backseat to…

Why Outdated Accounting Systems Are Costing Small Businesses Time and Money

As your company expands, your accounting processes inevitably grow more complex. You might need to…

Fringe Benefits Compliance: What Shareholder-Employees Need to Know

Fringe benefits are an integral part of compensation packages, and for S Corporations, properly managing…

How AI is Transforming Small Businesses

Artificial intelligence (AI) is no longer a luxury reserved for tech giants or multinational corporations….

Expense Allocation Made Easy: Avoiding Tax Filing Pitfalls

Accurately allocating expenses is one of the most critical aspects of tax planning for S…

The True Cost of Running a Growing Business (And How to Keep Thriving)

Running a business that generates $1 million or more in revenue is a significant achievement….

The Importance of Loan Documentation Between S Corporations and Shareholders

For S Corporations, managing finances efficiently is essential, particularly under evolving tax laws like the…

How Accounting and an Outsourced CFO Can Lighten the Load for Small Business Owners

Running a small business can feel like a never-ending balancing act. You’re juggling customer service,…

Mastering Shareholder Salaries and Distributions for Tax Compliance

For S Corporations navigating the One Big Beautiful Bill Act (OBBBA)), understanding the intricacies of…

Encouragement for Small Business Owners Navigating Slowdowns

Encouragement for Small Business Owners Navigating Slowdowns Feeling like your small business is struggling? If…

Navigating the One Big Beautiful Bill Act (OBBBA): A 6-Part Guide to Year-End Tax Planning for S Corporations

The One Big Beautiful Bill Act (OBBBA) has brought significant changes that small business owners—particularly…

How to Plan, Optimize, and Succeed in Your Marketing Department

Success in marketing starts with a clear understanding of your audience. Identify who you want…

How IRS Workforce Cuts Will Impact Small to Medium-Sized Businesses

The IRS has announced a drastic 25% reduction in its workforce, slashing the number of…

The Key to Strategic Alignment: Make Your ‘Why’ Their Mission

Understanding the “why”—the purpose and belief driving your business—can transform how your team connects with…

How the IRS Refinements to the Pre-Filing Agreement Program Could Benefit Both Large and Small Businesses

The Internal Revenue Service (IRS) recently announced refinements to its Pre-Filing Agreement (PFA) program, a…

Why Accurate Financial Statements Matter for Financing Equipment and Company Vehicles

For businesses looking to expand, purchasing equipment or adding company vehicles is often essential for…

H.R. 703 and the 199A Deduction: A Game-Changer for Small Businesses?

Running a business is no small feat, especially for those generating between $1 million and…

Why Every Small Business Should Conduct Annual Business Valuations

Running a small business comes with countless challenges and decisions. With day-to-day operations consuming much…

Why Understanding Your State’s Corporate Tax Rate Matters for Your Business

When running a small business, profitability and financial strategy go hand-in-hand. While many business owners…

Elevate Your Competitive Edge with a Strong Total Rewards Strategy

Attracting and retaining top talent has never been more critical for businesses aiming to scale…

Avoid Penalties—File Form 720 by July 31!

If you’re a small business owner or someone juggling multiple financial responsibilities, the last thing…

Understanding Cash Burn: A Key Metric for Startups and Business Owners

Running a business, especially a startup, often feels like walking a tightrope. One misstep, and…

Can You Deduct a Scam Loss? The IRS Offers Small Business Owners Relief

For small business owners, nearly every dollar counts. Falling victim to a scam can feel…

Writing Off Inventory at Market Cost or Less: A Guide for Small Business Owners

For small business owners and inventory managers, managing inventory effectively is critical to keeping costs…

Understanding the Tax Implications of Changing Ownership Percentages for Shareholders

For business owners, making changes to ownership percentages among shareholders is a significant decision. It…

6 Steps to Strengthen Your Small Business During Uncertainty

As a small business owner, navigating through uncertainty can be challenging. However, with the right…

The Tax Implications of Hiring an Out-of-State Employee

Hiring employees from other states can be a strategic move, allowing your business to tap…

Why Now is the Perfect Time to Reevaluate Your Finances and Strengthen Your Business

Economic uncertainty often feels daunting. Words like “recession” dominate headlines, and they can leave even…

Tax Benefits of Modular Building for Small Businesses

As a small business owner, you’re always looking for ways to grow your operations while…

Boomerang Kids and the Impact on Small Business Owners’ Nest Eggs

Graduation caps are about to fly, and as small business owners, many of you may…

Understanding Section 1202 QSBS for Your Small Business

You may have heard the term “Section 1202 QSBS” tossed around in conversations about taxes…

What Small Business Owners Need to Know About Credit Card Financing in 2025

Credit cards have long been a vital financial tool for small business owners. From managing…

Why Extending the Tax Cuts and Jobs Act Matters for Small Business Owners

When it comes to running a small business, every dollar counts. From managing payroll to…

Navigating Employment Trends Post-Pandemic: What Small Businesses Need to Know

The post-pandemic landscape has introduced significant challenges for small businesses, particularly when it comes to…

7 Reasons Small Business Owners Should Think Twice Before Electing S Corp Status for Their LLC

Starting and running a small business involves making decisions that can have long-term implications. Among…

4 Must-Dos Before Franchising Your Small Business

Franchising can be a fantastic way to expand your business while enabling other entrepreneurs to…

Understanding Influencer Marketing and Its Tax Requirement

Are you an influencer or content creator navigating the evolving world of social media marketing?…

Small Businesses: Tech to Thrive

For small business owners navigating unpredictable markets, one thing remains clear: technology is no longer…

5 Business Tax Credits Your Family-Owned Small Business Should Know About

Running a family-owned small business is no small feat. From managing day-to-day operations to planning…

Backdoor Roth IRA Conversions: Smart Move or Hidden Tax Trap?

For years, Roth IRAs have been celebrated as a powerful tool for retirement planning. With…

The Right Way to Ask Your Corporation for Travel Reimbursements

If you’re a small business owner operating as a C or S Corporation, understanding how…

Empowering Your Team: The Key to Sustainable Business Growth

Feeling like you’re doing everyone’s job? You’re not alone. Many entrepreneurs and small business owners…

Get Your Partner-Paid Expenses Right

If you’re a small business owner, a partner in a partnership, or a member of…

Sales Strategy Evolution

What’s Holding You Back from Closing More Sales? What’s keeping you from achieving the sales…

Don’t Lose Those Tax Deductions – Start Smart, Save Big

Don’t Lose Those Tax Deductions Starting a new business is thrilling, but navigating the tax…

Navigating the Complexities of Worker Classification: Expert Tips for Business Owners

Why Employee Classification Is Critical for Business Owners Whether you’re launching a new startup or…

Treasury Department Suspends Enforcement of BOI -March 2, 2025

On March 2, the Treasury Department announced several updates regarding the Corporate Transparency Act (CTA)…

Understanding Personal vs. Business Expenses for Small Business Owners

Managing finances is a critical part of running a small business. Whether you’re just starting…

Measuring Your Marketing Success to Align with Business Strategy

Running a small business is no small feat. Every decision, every investment, every strategy matters—not…

How Well Is Your Brand Recognized in the Market?

As a business owner, one of the most important questions you can ask yourself is,…

Is Your S Corporation Year-End Tax Prep on Track? Frequently Missed Items to Watch Out For

For small business owners operating as an S Corporation, the end of the fiscal year…

Important BOI Reporting Updates for Small Business Owners – February 20, 2025

Attention small business owners and entrepreneurs: Recent developments surrounding Beneficial Ownership Information (BOI) reporting may…

Does Your Business Have a Full Activity Costing System in Place?

Running a business is all about knowing the numbers. From tracking revenue growth to calculating…

Navigating Sales Tax and Income Tax Reporting Across State Lines

As a business owner, your responsibilities are constantly evolving—especially when it comes to tax compliance….

Is the Gross Margin You Make from Each Product or Service Group Attractive?

Running a business involves a wide array of considerations, but few are as critical as…

How Appealing is Your Business’s Key Offering in the Product Life Cycle?

To grow a successful business, it’s not enough to simply create a great product or…

How Innovative Is Your Business? A Guide for Entrepreneurs and Business Owners

Innovation is no longer just a buzzword; it’s a necessity. To stay competitive, businesses need…

Business Structure: The value of an organizational chart

For small business owners and startups, running a business is much like solving a giant…

What Smart Business Owners Review About Taxes Before Q1 Ends

The first quarter of the year often starts with a burst of energy, fresh goals,…

The Most Common Tax Mistakes We See at the Start of the Year

Tax season often brings a sense of stress and confusion for many people. While it’s…

Clear Strategies and Critical Success Factors Matter For Your Business

Running a successful business is not just about having a great idea. While passion and…

Tax Planning vs. Tax Filing: Why January Matters More Than April

Many business owners breathe a sigh of relief once their taxes are filed in April,…

BOI FinCEN Filing Update – Simplified for You  

Attention small business owners and entrepreneurs! Navigating the complexities of BOI FinCEN filing can be…

Cobb CPA Holiday Hours Update

Dear Valued Clients, As the holiday season approaches, we want to take a moment to…

Alert: Impact of Ongoing Litigation with BOI Reporting

We wanted to bring your attention to an important update regarding the filing of beneficial…

2024 Last Minute Year-End Retirement Deductions

The clock continues to tick! Your retirement is one year closer. You have time before…

Important Legal Update for Small Businesses

A recent Texas District Court ruling has brought a significant win for small businesses across…

2024 Year-End Prep: Essential Tools and Updates in QuickBooks Online

As 2024 winds down, tax professionals are gearing up to prepare and reconcile client accounts…

Do your team members understand, agree with, and actively support your vision?

We recently discussed the number one priority a business owner needs to tackle: Crafting a…

The Corporate Transparency Act: Why You Need to File Your BOI

Understanding the Corporate Transparency Act (CTA) is VERY important for small business owners, compliance officers,…

Don’t Sleep On This Secret Productivity Hack!

For business owners that often wear a lot of hats, time management can be a…

2024 Last-Minute Year End Business Income Tax Deductions

The purpose of this article is to get the IRS to owe you money. Of…

Is There a Clear Vision of Where Your Business is Going?

In the fast-paced world of entrepreneurship, having a clear business vision is more crucial than…

How to Prepare for Your Year-End Financial Review: A Guide for Small Businesses

As the year draws to a close, it’s time to take stock of your business’s…

Unlocking Success With Strategic Tax Planning for Small Business Owners

Tax season can often feel like a daunting period for small business owners. The complexities…

Hiring Seasonal Employees: What SMBs Need to Know About Payroll Taxes

For many small businesses, the busy season means bringing in extra hands to keep operations…

Scaling Your Startup: When and How to Grow Your Team

In the dynamic world of startups, knowing when and how to scale your team can…

Why It’s Important to Use StoryBrand to Understand Your Customer’s Journey

In today’s competitive business landscape, understanding your customer’s journey is critical for success. It’s a…

QBI Deduction: Maximize It Before It’s Gone

The Tax Cuts and Jobs Act (TCJA) made the qualified business income (QBI) deduction one…

The Department of Labor Makes It Harder to Hire Independent Contractors

Does your business classify workers as independent contractors instead of employees? You should know that…

Turning Your Business Struggles Into Success Stories!

Running a business is no easy feat. And we know — it’s easy to get…

Side Fund Increases Benefits When Cutting Social Security Taxes

Last month, we wrote about saving money on your Social Security taxes. You may have…

Surprising Tax Impact of Converting Your Traditional IRA to a Roth IRA

Taxpayers are limited in the annual amount they can contribute to a Roth IRA. The…

Are Meetings Killing Your Team’s Productivity?

The truth is, most businesses often get stuck in an endless loop of meetings. Even…

Convert from C to S corp: Save Thousands and Avoid BIG Tax Problem

You can save BIG by understanding how to avoid the evil built-in gains tax that…

Seizing the Silver Tsunami: What Millennials & Gen Z Should Know About Acquiring Boomer-Owned Business

As the Baby Boomer generation enters retirement, a wave of small businesses will be transitioning…

Why Business Owners Should Sell Solutions, Not Features

Have you ever found yourself rattling off the features of your new product or service…

Essential Tax and Financial Planning Strategies for Seniors Approaching Retirement

As Boomers and Gen Xers approach retirement, effective financial planning becomes crucial to ensure a…

How do we ensure your team is TRULY on a mission?

The number one priority when operating a business is making sure every team member is…

Understanding the Types of IRS Audits: Why Professional Help is Crucial

Dealing with the IRS can be a daunting experience, especially when you receive an audit…

Say NO to being a victim in your business

Have you ever felt like your journey as a business owner is an uphill battle?…

Top 5 Accounting Mistakes Small Business Owners Make and How to Avoid Them

Proper accounting is the backbone of any successful small business. It ensures that your financial…

Don’t Become Another Small Business Statistic – Take ACTION!

Running a successful business is no walk in the park. If it were, everyone would…

Not sure which entity is best for your business? Use this chart!

Are you a business owner or entrepreneur trying to decide which entity structure is the…

How to Scale Your Business Sustainably

Scaling a business is an exciting milestone that signifies growth and success. However, rapid expansion…

Don’t Miss Out! Here’s Why You Should Consider Mid-Year Tax Planning

Running a small business comes with its fair share of challenges, and tax planning often…

Free Up Time to Enjoy Summer with QuickBooks Online’s Recurring Transactions Feature

Summer is the perfect time to relax and enjoy the warm weather, but accounting tasks…

How an Accounting Pro Can Help You Create and Stick to a Budget

Maintaining a clear and effective budget is one of the most important parts of running…

The Impact of Branding on Product Profitability

In the competitive world of business, branding is not just an aesthetic choice—it’s a strategic…

Pricing Strategies to Boost Your Product’s Profit Margin

In today’s competitive marketplace, determining the right pricing strategy is pivotal for boosting your product’s…

Let’s Get Started Early! Tax Planning Season 2024

As the saying goes, “failing to plan is planning to fail.” Business owners who get…

Understanding Pricing Trends: Navigating the Disconnect Between Inflation Rates and Business Costs

Recent headlines touting a drop in inflation rates have been met with mixed feelings among…

How Health Savings Accounts Can Supercharge Your Tax Savings 

Today, we will dive into the major tax benefits of a Health Savings Account, who…

Top Reasons Taxpayers End Up in Court and How to Avoid Them

Tax law is as complex as it is daunting. Each year, countless taxpayers find themselves…

Cash Flow Forecasting 101: Why It’s Crucial and How to Do It Right

Small business owners and entrepreneurs often find themselves juggling a multitude of tasks, from marketing…

Payroll Management: A Complete Guide for Small Businesses

Payroll taxes can be a significant headache for many small and medium-sized business owners. Without…

Striking the Right Balance: Mastering Inventory Management for Small Business

Managing inventory effectively is a tightrope walk that every small business owner knows all too…

Understanding Reduced Profit Margins and the Challenge of Marginal Profit

It’s a perplexing scenario faced by many small business owners, entrepreneurs, and startups – you’ve…

The 2023 Individual Tax Extension Guide for Small Business Owners and Self-Employed Individuals

Tax season can often bring a sense of dread, especially if you’re running a small…

The Impact of Prolonged Invoice Payment Periods on Small Businesses

In the world of business, cash flow is king. Unfortunately, for many small businesses and…

The IRS Is Tackling Tax Evasion With AI

As the current tax season continues, the Internal Revenue Service (IRS) has ushered in a…

Identifying Cash Flow Problems in a Small Business: Inconsistent Revenue Streams

In the dynamic landscape of business finance, it’s not uncommon for companies to confront the…

Freshen Your Finances: QuickBooks Spring Cleaning Tips for 2024

As the season changes and springtime approaches, it’s not just your home that could use…

Why Listing Your 3 Critical Actions Will Foster Business Growth and Team Culture

After identifying the key characteristics your team will need to develop in order to accomplish…

Secure Your Golden Years With Backdoor Roth IRAs

When it comes to securing your financial future, retirement planning is a top-of-mind concern for…

Defining The Key Characteristics In Your Small Business

Now that you’ve invited your company into a story by crafting a successful mission statement…

Improper ERC Claim? Pay Back 80% and Keep the Rest

First question: Is your employee retention credit (ERC) claim improper? Are you sure? If you’re…

Making Connections: How Networking Can Help Professionals Gain Remarkable Advantages

In today’s fiercely competitive market, the old adage, “it’s not what you know, it’s who…

Common IRS Audit Triggers for Small Businesses: How to Avoid Them

As a small business owner, the word ‘audit’ can be a source of anxiety. However,…

Mission Statement Deep Dive, Part 3: Explain Why It Matters

If you missed Parts 1 and 2 of this series, where we dissected the first…

The Corporate Transparency Act and Its Impact on Small Businesses

Understanding the Corporate Transparency Act (CTA) is essential for small business owners, compliance officers, and…

New Employee vs Independent Contractor Rule Effective March 11

The U.S. Department of Labor (DOL) announced on Jan. 9, 2024, the issuance of its final…

Mission Statement Deep Dive, Part 2: Announcing Your Deadline

We spoke last week about economic objectives and why they are the foundation of your…

Pending 2024 Tax Legislation: A Comprehensive Guide for Small Business Owners and Taxpayers

Tax Relief for American Families and Workers Act of 2024 Economic policy can fascinate or…

Qualified Small Business Stock: Do You Qualify for Its Taxable Gain Exclusion?

IRC Sec 1202, Qualified Small Business Stock (QSBS) gain exclusion, provides a significant tax planning…

Mission Statement Deep Dive, Part 1: Defining Your Economic Objectives

To kick off the year, we discussed the primary benefits of a strong mission statement…

Saver’s Credit Can Help You Save For Retirement

Article Highlights Benefits Eligible Taxpayers Rules for Students, Dependents of Others and Individuals Under the…

What Makes An Effective Business Leader?

Becoming an effective leader is instrumental within any business environment. Whether it’s a small business…

Navigating the Tax Implications of Remote Work: A Comprehensive Guide

In the wake of the pandemic, remote work has become the new norm for many…

How to Create a 6-Step Growth Plan for Your Small Business

If you are a small business owner, you know the importance of growth. You want…

Using a Ghost Preparer? Who You Going to Call When The IRS Knocks?

As people begin to have their 2023 tax returns prepared, this is a reminder to…

10 Ways To Enhance Your Company’s Social Media Presence

In today’s digital age where screen time dominates people’s lives, having a strong presence on…

The 8 Common Tax and Accounting Mistakes

Successfully steering a small business involves managing its financial intricacies. Amid the responsibilities, tax and…

Celebrating Small Wins: The Key to Success for Every Company

As a successful company, it’s important to know how to maintain office morale. Many employers…

QuickBooks Tips For a Fresh Start In 2024

As the bustle of December fades, January is a transitional month for many small business…

Why Every Business Owner Needs a Strong Mission Statement

In the business world, it’s essential to have a clear and concise mission statement. A…

Outsourcing for Business Expansion: The Ultimate Guide

Business expansion is a double-edged sword. As your business begins to grow, it becomes increasingly…

Supercharge Your Production Line: Innovative Techniques for 2024

As a business owner, you understand the importance of staying ahead of the competition. In…

Happy Holiday Hours

Happy holidays from your friends at Cobb CPA! Quick note regarding our hours: Our office…

Maximizing Output: Strategies for Enhanced Production and Business Growth

If you’re a business owner looking to improve production and drive growth, you’re in the…

Unlock the Potential of Smart Inventory Management for Your Business Success

As a business owner, one of your primary concerns is always to keep the right…

The Tax Bite of Powerball Winnings: What You Should Know

Have you ever dreamed of winning the Powerball jackpot? The allure of sudden wealth and…

The Curious Case of the Hole-in-One: Tax Ramifications and Legal Wranglings Unfold

In a tale that could rival even the most gripping golf tournament dramas, a recent…

Going Green: Insights Into Wind and Solar Project Taxation

As the world begins to embrace renewable energy sources to combat climate change, utility-scale wind…

How PR Firms Achieve Marketing Success: A Deep Dive

As a small business owner, you’re probably well aware of the importance of marketing success….

The Future of U.S. Tax Policy: Key Issues For 2024 Presidential Candidates

The early Presidential debates for the 2024 election cycle have begun, and one topic that’s…

PR Secrets Every Small Business Owner Should Know

As a small business owner, you recognize that sales and marketing are essential to grow…

Simplify Your Business With Recurring Transactions In QuickBooks Online

QuickBooks Online offers a world-class set of bookkeeping and accounting features designed to simplify financial…

Mastering the Art of StoryBranding: A New Wave in Marketing

In the current business landscape, it’s tough to stand out in a world that’s highly…

How Does Education Impact Your Taxes?

The kids are back in school! Things like student loans, scholarships, and fellowship grants can…

How to Effectively Measure and Understand Your Small Business’ Internal Processes

As a small business owner, it’s likely you always have your hands full with managing…

Sold Taylor Swift or Beyonce Tickets? Why You Need to Pay Attention to the IRS

As a small business owner, it’s important to stay on top of all tax requirements….

KPI’s for Measuring and Understanding Your Financial Performance

As a small business owner, you understand that managing your finances is one of the…

The Hidden Costs of Sloppy Bookkeeping

The Hidden Costs of Sloppy Bookkeeping A recent Stanford study reviewed the aftermath of the…

The Importance of KPI’s in Measuring the Success of Your Client Relationships

In order to truly understand the success of your client relationships, it is essential to…

Navigating the Challenge: How Rising Interest Rates Impact Start-up Fundraising

In the dynamic world of start-ups, securing funding is the lifeblood of growth and innovation….

Understanding the Power of Key Performance Indicators in Business

In the fast-paced world of business, consistent growth and progress are the much-coveted holy grails….

The IRS Stops Processing Covid Employment Tax Credit: What You Need to Know

The Covid-19 pandemic has turned the world upside down. Lockdowns, travel restrictions, and mandatory work-from-home…

Navigating Customer Issues: A Forward-Thinking Approach

When it comes to running a business, dealing with customer complaints and issues is an…

Financial Aspects of Elder Care Planning

When we’re young and vibrant, we think that we’ll never grow old. We enjoy each…

Accounting for Customer Service: The Unexpected Connection

When looking at customer service, most people wouldn’t consider accounting principles as having much of…

The Inflation Reduction Act Could Double Small Business R&D Tax Credits

Article Highlights: • Inflation Reduction Act • Research Credit Payroll Tax Option • Research Credit…

Dealing With Customer Complaints: Strategies for Success

In the business world, you’re bound to receive negative feedback or complaints from customers at…

Business v. Hobby – How to Tell the Difference for Tax Purposes

I think we can all agree that Scarlett Johansson and Tom Hiddleston act for a…

Transforming Customer Issues Into Business Success

In the business world, customer issues are inevitable. They are an integral part of running…

Taxation and Sales of Inherited Property Get Beneficial Treatment

Article Highlights: • Taxation of Inherited Property • Inherited Basis * Date of Death Value…

The Story of Sam Altman: How One Outside-the-Box Thinker Turned OpenAI Into a Monster Success

Sam Altman: In the Beginning Born in Chicago, Sam Altman was originally raised in St….

Tax Implications of Student Loan Forgiveness

Article Highlights: • Background • Court Battle • Forgiveness Under Income-Driven Repayment (IDR) Plans •…

Expanding Sales in Small Businesses: The Power of Financial Literacy

In the world of small business ownership, sales can always be improved upon. Yet business…

Did You Get a Letter from the IRS? Don’t Panic.

Article Highlights: • IRS Notices • CP Series Notice • Automated Notices • Frequent Errors…

Boost Your Sales with Storybranding: Lessons from Donald Miller

Do you ever wonder why some businesses have a customer base that never seems to…

Can a Self-Employed Taxpayer Mix Business and Pleasure During Foreign Travel and Still Get a Tax Deduction?

Can a Self-Employed Taxpayer Mix Business and Pleasure During Foreign Travel and Still Get a…

Demystifying Tax: How Proper Tax Knowledge Can Boost Your Sales

As a business owner, you’re constantly seeking new strategies to drive growth and increase revenue….

Planning for Your Retirement – New Wrinkles from the SECURE 2.0 Act

Article Highlights: • SECURE 2.0 Act • Catch-up Contributions • Incentives to Contribute to a…

Strategies for Achieving Business Success in Uncertain Times

In today’s challenging economic landscape characterized by low unemployment and high inflation rates, small businesses…

August Tax Due Dates

August 2023 Individual Due Dates August 10 – Report Tips to Employer If you are…

How to Systemize Your Business in 5 Simple Steps

Running a business can be challenging, particularly if there is no organization or structure in…

Why Systemizing Your Business and Documenting Your Processes is Crucial for Success

As a business owner, your ultimate goal is to increase revenue and profitability while decreasing…

5 Ways QuickBooks Online Can Make You More Profitable

QuickBooks Online can enhance your company’s bottom line by improving your cash flow, customer relationships,…

Retirement Plans that the IRS will pay you to start!

Don’t Miss these Tax Advantaged Retirement Plans that the IRS will pay you to start!…

Plan Ahead To Leave a Lasting Legacy

In the unfortunate event that you should pass away without an estate plan (or at…

Business Growth: How to Plan for (and Make the Most of) This Critical Stage

While it’s true that every business is different from the next – and every entrepreneur…

Tax Planning to Help New Franchisees

Franchise investment can be a wonderful opportunity, but it also involves a completely unfamiliar set…

Increase the Value of Your Business: When the business valuation disappoints

Are you a business owner looking to sell your business? One of the most crucial…

The Rights of a Pregnant Worker (and Applicant) are Protected by Federal Law

Effective June 27, 2023, employers are required to provide reasonable accommodations for pregnant workers, childbirth,…

How to Retain Your Staff with Effective Employee Incentive Programs

The modern work environment has become highly competitive, and businesses are under more pressure than…

Tips for Creating an Employee Stock Option Plan

Creating an employee stock option plan is an important step in your business’ growth and…

Employee Stock Options Can be Taxing

Article Highlights: Employee Stock Options Stock Option Terminology Incentive Stock Options Non-qualified Stock Options Tax…

Employer-Offered Benefits That Can Save You Money and Taxes

Article Highlights:   Health Insurance Retirement Plans Special Rule for Military Spouses Qualified Transportation Fringe…

Retirement Tips for Business Owners: Ensure a Secure Future

As a business owner, unlocking personal financial success comes with new challenges and responsibilities. One…

Secure Act 2.0 | How It Affects You & Your Business

Retirement saving has always been an essential aspect of a stable financial future. However, the…

Plan Ahead and Get Help From a Strategic Business Consultant

As a small business owner, you probably take calculated risks every day to grow and…

Did You Miss The nVision Thrive Semi Annual Event?

As a business owner, it’s important to stay up-to-date on current laws that may affect…

Best Practices for Establishing an Effective Employee Bonus Pool

If you had to make a list of some of the most valuable resources that…

Protecting Yourself from Scams, ID Theft and Cyber Criminals

Article Highlights: ID Theft What’s in Your Wallet or Purse Phony E-mail Pop-up Ads Only…

Has Technology Disrupted Your Business Model? Here’s What to Do Next

Think for a moment about the many ways that the world has changed since Steve…

IRS – Themed Texting Scam

As a business owner, you’re probably no stranger to fraud attempts, whether it’s an email…

Are You Cheating Yourself by Using IRS Mileage Rates?

Let’s start with an example. Say that in 2022 you bought a $50,000 SUV that…

Don’t Be A Victim to IRS-Impersonating Scammers

Article Highlights: Phone Scams E-Mail Phishing What’s in Your Purse or Wallet? What You Should…

Do you owe self-employment tax on Airbnb rental income?

That’s a good question. In Chief Counsel Advice (CCA) 202151005, the IRS opined on this…

Crowdfunding: Is It Taxable?

Crowdfunding is a national and international phenomenon. Over $17 billion is raised yearly in North…

Ways to Protect Personal Information

Roundup of Individual Tax Changes For 2023

Article Highlights: Required Minimum Distributions (RMD) Excess Accumulation Penalty Military Spouse Retirement Plan Participation Clean…

What You Can Learn About Running a Business From Henry Ford

If you had to make a list of people who changed the world essentially just…

What is the Work Opportunity Tax Credit, and Who Qualifies For It?

At its most straightforward, the Work Opportunity Tax Credit is available at the federal level…

Best Practices to Help Guarantee Success for Your Gig Enterprise

According to one recent study, workers who make up the “gig economy” contributed roughly 5.7%…

Don’t Get Hit with IRS Underpayment Penalties

Article Highlights: Pay-as-You-Earn System Withholding and Payment Forms IRS On-line Withholding Estimator Situations Triggering Underpayments…

Why Quality Bookkeeping Matters

If you had to make a list of all the things that most business owners…

Tilman Fertitta and the Journey Towards Becoming One of the Wealthiest Restaurateurs on Earth

According to one recent study, the global food service market size was valued at an…

Watch Out for Improper ERC Claim Promotions

What Is Business Cash Flow?

As the name suggests, cash flow is a term used to describe the money coming…

How Business Owners Can Improve Cash Flow By Thinking Profit First

Entrepreneurs don’t necessarily need to be numbers people in order to succeed: You needdrive, passion,…

False Employee Retention Credit Claims Can Mean Big Problems Later

Article Highlights:   TV Employer Retention Credit Promotions Employer Retention Credit Qualifications Business Operations Curtailed…

R&D Tax Credit Misconceptions and Guidelines

As a business owner, you understand how important it is to stay informed and up-to-date…

Maximize the Home Energy Improvement Credit

Article Highlights: Credit History Credit Percentage and Annual Credit Limit Per Item Credit Limit Home…

How the Electric Vehicle Tax Credit May Benefit Your Bottom-line

As the technology of electric vehicles continues to evolve, so do governmental regulations. Recently, the…

Holding Real Property in a Corporation: How can you avoid double taxation?

Owning real estate in a corporation is an important decision and one that must be…

The Implications of the R&D Tax Policy Changes on Manufacturers Everywhere

If you’ve been keeping up with the news, you’re no doubt aware of a recent…

Wow! You Can Get a Tax Credit For Buying a Used Electric Vehicle

Article Highlights: Income Limit Credit Amount Previously Owned Clean Vehicle Qualified Sale Qualified Buyer Dealer…

Did you miss out on ERTC funds?

Lately, we’ve been hearing from our clients that they are concerned they may be missing…

Will the Recently Passed Pension Legislation Affect You?

Article Highlights: Required Minimum Distribution (RMD) Penalty for Not Taking an RMD Excess Contribution or…

Wonder What a Tax Deduction Is Worth?

Article Highlights: Non-business deductions Tax bracket Above-the-line deductions Itemized deductions Business deductions Tax credits Individuals…

Arizona Pass Through Entity Level Tax (PTE)

Since the Tax Cuts and Jobs Act in 2017, the states have been trying to…

Tax Planning Tips for Attorneys and Lawyers

When it comes to income tax planning, one of the most important things to understand…

Florida Man Gets 23 Years For Running an $80 Million Ponzi Scheme, Filing False Tax Returns

Michael J. DaCorta, a 57-year-old man from Sarasota, Florida, recently learned the hard way that…

2023 Standard Mileage Rates Announced

Article Highlights: Standard Mileage Rates for 2023 Business, Charitable, Medical and Moving Rates Important Considerations for…

Consequences of Filing Married Filing Separate

Article Highlights  Reasons to File Separate Filing Threshold Community Property State Income Joint & Several…

What You Need to Know About Converting an S Corp to a C Corp

The type of business that you’re running has major implications in virtually all areas of…

You May Need To Prepare for 1099-K Reporting

Article Highlights: 1099-K Reporting Threshold IRS Is After Unreported Income Venmo, e-Bay, Etsy, and Others…

All the Signs That You May Need Some Assistance With Your Bookkeeping

Especially in the early days of a business, it can be natural to want to…

February 2023 Individual Due Dates

  February 10 – Report Tips to Employer If you are an employee who works…

How the Story of the Chrisley’s Bank and Tax Fraud Ended With Them in Jail

The reality series “Chrisley Knows Best” first premiered on the USA Network in March 2014….

Looking Ahead to 2023 Taxes

Article Highlights:   Solar Credit Home Backup Electric Storage Battery Credit Home Energy Improvement Credit…

How to Manage Your Money During a Recession

According to one recent study, the probability of the United States experiencing a recession in…

Common Family Tax Mistakes

Article Highlights • Family Member Transactions • Renting to a Relative • Below-Market Loans •…

How the FTX Crypto Bankruptcy Was Born From a Complete Lack of Accounting Controls

FTX Group, also officially referred to as FTX Trading Ltd., is a cryptocurrency company that…

January 2023 Individual Due Dates

January 3 – Time to Call For Your Tax Appointment – January is the beginning…

The IRS Achieves a 90% Conviction Rate, or: “Why You Shouldn’t Cheat on Your Taxes”

There’s an old saying that reminds us that there are only two certainties in this…

Steps Your Business Can Take to Survive a Recession

According to one recent study, there is a 96% chance that the United States will…

The Tax Consequences of Gig Work

Over the last decade, in particular, the definition of the term “career” has changed. Rather…

Managing Gains and Losses in a Turbulent Year

Article Highlights: Rough Year for the Stock Market Year End Approaching Annual Capital Losses Are…

Research Credit Potentially Doubled By The Inflation Reduction Act

Article Highlights: Inflation Reduction Act Research Credit Payroll Tax Option Research Credit Qualified Research Qualified…

2023 Social Security Cost-Of-Living Increase Highest In 40 Years

Article Highlights: 2023 Social Security COLA Increase Historical COLA Increases Keeping Inflation At Bay Medicare…

Year End Tax Planning Issues

Article Highlights:  Benefits Sunsetting After 2021 Benefits Sunsetting After 2022 Not Needing to File May…

IRS Plans On Targeting Abusive ERTC Claims

Article Highlights: Television Promotions Payroll Tax Credit Applicable Years Qualifications Business Operations Curtailed Significant Decline…

Tax Benefits for Holiday Family Employment

Article Highlights: Employing a Child Child Payroll Taxes FUTA Tax for a Child Child IRA…

Increased Tax Credits for Home Builders

Article Highlights: Contractor Developer Credit Retroactive Extension to 2022 Increased Credit 2023 through 2032 Prevailing…

Personal Finance Tips from Warren Buffett

There are a lot of seasoned investors out there who have made a lot of…

Hurricane Ian SBA Disaster Assistance

Article Highlights: • Counties that Qualify For Loans • Application Deadlines • Types of Disaster…

Will a Small Business Grant Help Your Organization? Breaking Things Down

According to one recent study, there are currently more than 32 million small businesses operating…

Health Savings Accounts Fill Multiple Tax Needs

Article Highlights: Medical Savings Account Retirement Account High-Deductible Plan Eligible Individuals Monetary Qualification for an…

Entrepreneurs: Five Low-Cost and High-Profit Business Ideas

Perhaps you’re a business owner who is ready to downsize, or a long-time employee ready…

Bunching Your Deductions Can Provide Big Tax Benefits

Article Highlights:   Itemized Versus Standard Deductions Medical Expenses Taxes Charitable Contributions If your tax…