Category Tax Planning

Past-due invoice

3 Ways to Prevent Past-Due Invoices

‘The payment shall be made next week.’ ‘The check is in the mail.’ These are statements you likely hear when you are following up on a past-due invoice. Invoice deadlines are significant for any small business owner. They enable you…

Budget Preparation

How to Prepare a Budget for your Business

It is the beginning of the year, and the ideal time to prepare your annual budget. Budgeting is an excellent way to understand your business and set up a structure for overseeing your operations. With a comprehensive budget, you will…

Mark your Calendar

2022 Q1 Tax deadlines: Mark your calendars

As the new year kicks off, it’s time to mark your calendars for essential tax dates in 2022. Here are some notable dates for the first quarter. January 31st, 2022 Form 1099 – NEC This form is necessary if you…

Financial Planning

4 Finance Planning Tips for Small Businesses in 2022

New Year’s greetings! Before you dive into your financial strategy for 2022, tie up any loose ends you may have from 2021. These may include small actions overlooked towards the end of the year which could impact your finances in…

Health Savings Account

Quick Facts About Health Saving Accounts

There will always be ongoing debates about health care costs and options available due to the potential of health costs becoming significantly steep. A lack of control sometimes leads to inappropriate decisions with healthcare choices, particularly when people feel limited.…

Employee Retention Credit

How Employee Retention Credit Works

Surviving the pandemic requires any small business owner to be fairly knowledgeable about available government tax credits and support. Small businesses that have struggled to keep going through the pandemic may be eligible for employee retention credit (ERC) as a…

Reasons why Small Business Owners should be Thankful

Two Reasons Small Business Owners should be Thankful in 2021

The COVID-19 pandemic has exposed the financial fragility of many small businesses. In the early months of the pandemic, survival was vital – especially with the uncertainty surrounding the end of the pandemic. Lockdowns, travel restrictions, social distancing, and curfews…