Launching a business is like putting together a jigsaw puzzle
Launching a business is like putting together a jigsaw puzzle: You can envision the end result, but it takes time, tenacity, and strategy to achieve the dream. Many puzzle experts recommend starting a puzzle by putting together all the edge pieces to create the framework. That’s also a fantastic principle for entrepreneurs. Some of the […]
Smart KPIs for Small Business Success
Evaluating your company’s performance can be a daunting task. The need to focus on daily operations and the challenges that regularly arise often result in small and mid-sized business owners pushing this big-picture concept to the back burner. Using key performance indicators (KPIs) is a great way to help keep tabs on how things are […]
Important things to know about your self-employment (SE) tax for 2018
Taxation is one of the most confusing aspects of a small business. From sales tax to payroll taxes, this portion of running a business frustrates a lot of entrepreneurs and owners. As part of our continued content about small business taxes, we explain the self-employment tax and what you can do to understand and manage […]
How do Section 179 deductions help small businesses?
Defining 179 deductions
3 Reasons Accurate Financial Statements matter for Small Businesses
From securing loans to projecting future growth needs, accurate financials make a big difference. Many small business owners may see managing financial statements as a hassle, but doing it well can mean the difference between thriving and just holding on.
How to Create a Successful Estate Plan for Your Small Business
Did you know that only 30% of family-run businesses survive into a 2nd generation? We strongly believe that the reason so many small businesses fall apart after the initial owner passes away is a lack of estate planning. Estate planning for small business owners is a hugely important responsibility! Find out why you need to […]
3 Types of Employer Sponsored Retirement Plans
Is your small business ready to offer a retirement plan to your employees? We’re covering three types of employer sponsored retirement plans, so you can start to consider which plan works best for your business. Determining which retirement plan to set up depends on: Your business entity type The # of employees How much you […]
5 Signs Your Small Business Needs a CPA
Does my small business need a CPA? With two-thirds of small business owners personally managing three or more vital areas of their operation at any given time, it’s no surprise that their finances take a back seat. Plus, 99.6% of 2018 Pennsylvania businesses are small businesses. That’s a lot of small business owners who potentially […]
7 Major Benefits to QuickBooks Online vs. Desktop
QuickBooks offers two main versions of their accounting software, online or desktop. Each have their own tiered packages. We are often asked by business owners the difference between the two options, and which would be better for their business. We looked at QuickBooks Online versus desktop QuickBooks and found 7 major ways QuickBooks Online beats […]
Why You Shouldn’t Switch to a C-Corp in 2018
The new tax laws have many businesses considering the benefits of C-Corp taxes in comparison to S-Corp taxes. Should they switch business entities to take advantage of the new tax rates? However, the tax consequences of converting S-Corp to C-Corp may surprise you