For Business

Small Business Tips to Scale and Succeed

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

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…

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…

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…

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…

Avoid Penalties—File Form 720 by July 31!

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

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…

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,…

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…

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…

Business Structure: The value of an organizational chart

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

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…

Alert: Impact of Ongoing Litigation with BOI Reporting

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

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,…

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…

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…

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…

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 Impact of Prolonged Invoice Payment Periods on Small Businesses

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

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…

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…

Defining The Key Characteristics In Your Small Business

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

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…

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…

Mission Statement Deep Dive, Part 2: Announcing Your Deadline

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

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…

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…

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…

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…

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 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…

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…

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….

Dealing With Customer Complaints: Strategies for Success

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

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,…

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…

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…

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…

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…

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…

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,…

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…

Did you miss out on ERTC funds?

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

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…

Tax Planning Tips for Attorneys and Lawyers

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

2023 Standard Mileage Rates Announced

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

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…

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…

Steps Your Business Can Take to Survive a Recession

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

Research Credit Potentially Doubled By The Inflation Reduction Act

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

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…

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…

Calculating and Using your MRR and ARR to Monitor and Forecast SaaS Subscription Revenue

One of the most important tasks that a SaaS company must do each year is…

Steps You Can Take to Grow Your Business to the Next Level

For small business owners, in particular, growing a business has always been something of a…

What are the Best Practices for Establishing an Effective Employee Bonus Pool?

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

How to Use QuickBooks Online to Track Products and Services like a Pro

What products and services does your company sell? Do you have enough to fulfill existing…

100% Business Meal Deductions

Using Data to Drive Your E-Commerce Business’ Growth

If knowledge is power, then the information available to e-commerce business owners provides nearly unlimited…

The Checklist Every Small Business Owner Needs for New Hires

Growing your business to the point that you need to start hiring employees is exciting….

The Major Reasons a Virtual CFO Can Help Your Business Thrive  

On a basic level, a virtual CFO (or vCFO for short) is exactly what it…

8 Keys to Creating an Effective Employee Handbook

Most companies have policies or procedures governing their employment practices, but they’re sometimes maintained informally….

How to Protect Yourself When Selecting Investors For Your Startup

  Any seasoned entrepreneur will tell you that coming up with an idea for a…

The Most Important KPIs for E-Commerce Businesses

If you’re running an e-commerce business, you are part of one of the most exciting…

5 Time-Saving Tips For Busy Business Owners

Business owners spent an estimated 68% of their time working in their business and just…

5 Steps to Grow Your Business By Improving Customer Experience

Improving customer experience is so crucial business that 88% of contact centers are making it…

How to Use Your Company Culture As a Competitive Advantage

Building company culture is crucial in 2022 – and, truly, every year. When a business…

7 Tips for Retaining and Hiring Talent Like a Pro

It’s an employee’s market in 2022. Last year, in the wake of The Great Resignation,…

Is It Time to Hire a Business Coach?

Launching and running a business is hard work. It’s not always easy to see the…

How to Turn Goals Into Profits

A new year brings endless possibilities for your life goals and business goals. If you’ve…

Growth-Focused Tax Planning Strategies You Need to Know

Are you hoping business growth strategies will help your company reach its goals in 2022?…

The Profitable Intersection of Tax Planning and Business Growth

A new year means a new opportunity for growth. If you’re like many business owners,…

How to Stop Your Business From Keeping You Up At Night Part 2

You’ve worked through many ways to reduce your business stress in Part 1 of this…

How to Stop Your Business From Keeping You Up At Night Part 1

Are you running your business, or is your business running you? About 45% of entrepreneurs…

6 Simple Ways to Maximize Digital Opportunities in 2022

The business world is becoming increasingly reliant on digital technologies to reach customers and grow…

Making 2022 Your Best Year Yet

You want to create a business people love, but it’s not uncommon for people to…

How to Systematically Increase Your Business’s Value

Creating a sellable business means breaking free from your emotional attachment and learning how to…

14 Simple Ways to Skyrocket Profitability in 2022

Every business wants to be a profitable business. If you’re struggling in this department, you…

Is Your Quality of Life Killing Your Business?

Did you know that small business owners work double the amount of time a regular…

3 Easy Steps to Reach Your Business Goals in 2022

With 2022 just around the corner, it’s time to start thinking about your goals for…

6 Outside Experts Your Company Needs to Grow

It takes a village to run a successful business. You work hard to assemble a…

Are you Using the Right KPIs in your Business?

Key performance indicators (KPIs) are essential (and there are a lot of them) to continue…

How to Systemize Your Business and Document Your Processes

Business owners are an integral part of their operations. Your business may run smoothly when…

Determining Your Vision, Mission, Values, and Why

Every successful business is guided by a vision, a mission, values and a “why” (or…

Live Updates: The Latest News for Taxpayers and Small Business Owners

With the news coming faster and faster every day, we wanted to help our tax…

The Ins and Outs of Bookkeeping: All the Best Practices to Get the Best Financial Outcome From Your Organization

If you had to make a list of some of the most critical elements of…

Mid-Year Tax Planning Checklist

Article Highlights: End of Year Tax Planning Avoiding Unpleasant Surprises Events That Have Tax Consequences…

What is Capacity Planning and Why it’s Crucial to Your Business

Capacity planning is an integral part of owning and operating a business, but far too…

Why Focusing on Just Tax Planning Can Lead to Failure

Tax planning is a necessity in the world of business because the IRS wants its…

5 Steps to Create a Profitable Business That People Love

If you want to create a profitable business, it’s important to stop worrying only about…

How to Make Your Next Business Move Your Most Profitable

In the business world, you either adapt and grow, or get left behind. Savvy business…

Small Business: Here’s How the U.S. Supreme Court Wayfair Decision Affects You

If you are a small business owner, chances are good you’re paying more attention to…

Never Make These 9 Mistakes with Exempt Employees

The federal Fair Labor Standards Act (FLSA) requires employers to pay most employees overtime pay…

How a Business Coach Can Fast Track Your Business Success

A business coach is a valuable asset to any entrepreneur, whether you’re just launching your…

4 Questions That Will Help Predict Your Business’s Future

Wouldn’t it be great to have a crystal ball that enabled us to see in…

How to Create a 12-Month Profit Plan for Your Business

If you’re trying to create a profitable company that people love, we recommend creating a…

5 Year-End Business Planning Questions All Successful Business Owners Ask

Year-end planning is an essential part of any business’s operations. Too often business owners think…

Contemplating Refinancing Your Home Mortgage?

With home mortgage rates at historic lows, it may be appropriate for you to consider…

Move Over CRM’s its time for UE – User Experience

Okay, so CX is always going to be important, but these days its also all…

A recession can be a great time to start or expand your business!

It’s safe to say that there are a lot of people worried about an impending…

12 business metrics you should be tracking.

Operating a small business is an exhilarating and, at times, overwhelming endeavor – business metrics…

Don’t Miss Out on 2020 Tax-Planning Opportunities

Article Highlights: Unemployment Benefits Taxability To Skip or Not Skip the 2020 Required Minimum Distribution…

Do you qualify for the Simplified PPP Loan-Forgiveness Application?

Article Highlights: Paycheck Protection Program Loans Forgiveness Application The Small Business Administration (SBA) The Paycheck…

The power of a strong partnership

Many business owners may find themselves in a pickle this year with the global stage…

5 ways to building better teams

Overall its probably fair to say that building team has a negative connotation. People hear…

Want more referrals? Make it a process!

Refining your referral process is something you should be doing on a pretty frequent basis…

Top Talent Tips- ten ways to refine your recruitment

It’s a tough pill to swallow but…recruitment will always be one of the top challenges…

How to Defer Tax on Capital Gains

When a sale of a business or investment property results in capital gains, the seller…

4 Ways to create a perfect sales conversation – ditch the sales pitch!

What’s that? Another article on perfecting the sales pitch? Sure is! Much like any other…

Navigating The New 199A Pass-Through 20% Business Deduction

Taxpayers with higher 1040 taxable incomes who are self-employed but are not “specified service businesses”…

Insurance Statutory Agent Wins the 199A Tax Deduction

Can a statutory agent qualify for the Section 199A deduction on his W-2 statutory net…

10 Strategies For Getting Paid

If we don’t get paid, we go out of business.  Taking action to collect money…

IRS Regulations Clarify Business Pass-Through Deduction

Some of the major provisions of last year’s tax reform legislation were the many benefits…

Big Changes for Vehicle Tax Deductions

In the past, the business use of a vehicle was determined either by using the…

The Most Common Accounting Mistakes Small Business Owners Make And How To Avoid Them.

Most small business owners are an expert in their field, but not necessarily in the…

10 Mistakes That Can Cost You Your Business

Even the smartest small business owner can do dumb things now and then. Unfortunately, some mistakes…

Good and Bad News About The Home Office Tax Deduction

Article Highlights: Home Office Qualifications Actual-Expense Method Simplified Method Income Limitation Employee Deduction “Home office”…

Tax Reform Suspends the Tax Deduction for Employee Business Expenses

Article Highlights: Employee Business Expenses Miscellaneous Itemized Deductions Subject to the 2% AGI Floor Accountable…

Why It Might be Time for Your Small Business to Migrate to Cloud Accounting

Cloud accounting is a big idea that brings with it a lot of lofty implications,…

Tax Reform Puts a Cap on Deducting Business Losses

Article Highlights: Excess Business Loss Computing the Loss Limits Net Operating Losses (NOL) NOL Carryovers…

Business Owners Beware – New Tax Law Severely Limits Entertainment Deductions

Article Highlights: Business Entertainment Expenses Business Meals Directly Related To Test Associated With Test Employee…

How Small Businesses Write Off Equipment Purchases

Article Highlights: Depreciation Materials & Supplies De Minimis Safe Harbor Expensing Routine Maintenance Unlimited Expensing…

Enhance Your Cash Flow, Enhance Your Business: The Top Tips You Need to Know

We’ve discussed at length in the past about how cash flow is ultimately one of the most…

8 Financial Tips to Help Save Money While Building Your Startup

1. Be careful with perks. As a new business, you want to attract the best…

Health Reimbursement Arrangements Approved For Qualified Small Employers

Article Highlights: Health Reimbursement Plans and the ACA Noncompliance Penalties New Law and Qualified Small-Employer…

10 Insane (But True) Ways to Grow Small Business Profits

When you were a kid, you imagined becoming an entrepreneur — a dream that turned…