Payroll is one of the most critical operational functions in any business. It directly affects employee morale, regulatory compliance and cash flow. Yet despite its importance, payroll is also a common source of costly errors for small and midsize...... More »
The tax code is constantly in a state of flux, which is why staying compliant is such a headache. Every year, small business owners who do their own taxes have to catch up with the latest rule additions, phase-outs...... More »
Paid time off (PTO) is an employee benefit, but from an accounting perspective, accrued vacation time represents a real, measurable obligation. And that obligation can materially affect a company’s financial statements, cash flow planning and audit readiness. For small...... More »
Many small businesses that expected this year to go swimmingly were likely at least somewhat disappointed, as an economy that The Economist called “the envy of the world” in 2024 turned into a hotbed of uncertainty for most of...... More »
The 2025 tax year rang in a major (albeit temporary) tax change for many workers, especially those who earn tips or overtime. Specifically, the One Big Beautiful Bill (OBBB) introduced two new deductions for individuals who receive tips or...... More »
Economic uncertainty is stressful for any business owner, doubly so if you’ve never navigated a downturn or disruption before. Challenges such as rising inflation, tightening credit, supply chain bottlenecks, unexpected labor shortages and shifting customer demand all require quick...... More »
When you think about protecting your small business’s finances, your mind might wander to budgeting or cybersecurity. But there’s another critical safeguard that you shouldn’t overlook: a whistleblower policy. Whistleblower programs aren’t just for large corporations or government entities...... More »
Some businesses deal with extremely steady cash flow that barely changes from one month to the next. Their offerings, and the need for those offerings, are perpetual, so there’s no reason for their Aprils to look any different than...... More »
If someone asked you to figure out your company’s value, you might start thinking about what the business owns that you can see and touch: tangible assets such as real estate, machinery and inventory. But depending on your industry,...... More »
If you’re starting a business (or trying to grow one), few documents are more important than a small business plan. A business plan is your company’s playbook: It lays out your goals, the strategies you’ll use to achieve them,...... More »