What Tax Deductions are For, and What They Aren’t
"It's ok, it's a tax write-off!" Sometimes business owners don't fully understand what it means when something is tax deductible, and think that by writing something off on their tax return that somehow justifies the purchase. So, in this blog post, we're going to...
How to Pay Yourself (and a Few Things to Remember About Taxes), LLC + Sole Proprietor Edition
One of the most frequently asked questions I get from business owners is "how do I pay myself?" What should be a pretty simple concept throws people for a loop because they aren't sure what's allowed, what's taxable, what types of taxes to pay, etc. This post...
Using a CFO in Your Small Business
"CFO" is a buzzword that we see getting used a lot in the entrepreneurship space. It seems like everyone wants a CFO! In this post we'll dig into what exactly a CFO is and when you should use one. What is a CFO? We often see the term CFO used interchangeably with the...
How Accrual Accounting Can Help You Manage Your Business
What if I told you that accounting can actually help you be proactive in managing your business? I hope your response is “tell me more!” Here’s a story about a REAL business that I work with - This business has been around for many years, has a lot of employees and...