Maximizing Small Business Deductions: What You Can Write Off—and How to Stay Compliant

For small business owners, knowing which expenses are deductible is one of the most effective ways to reduce taxable income and boost profitability. Still, many owners miss out on legitimate deductions or fail to document them properly—mistakes that can lead to paying more in taxes than necessary or facing challenges during an audit. With the […]
Make This Tax Season Easier: Essential Tax Season Prep for Business Owners

Tax season doesn’t have to be stressful for your business. With proper preparation, you can help your accountant file your business taxes accurately and on time—without needing an extension. Maintain Your Books Throughout the Year One of the most helpful things you can do for your business is keep accurate records of income and expenses […]
5 Common Accounting Mistakes (and How to Avoid Them)

As half of the year has passed us, and summer is approaching, now is the time for you as a business owner to look back and reflect on how your business has done thus far. While reviewing your financial health, it’s crucial to ensure your accounting practices are on point. Many small businesses unintentionally make […]
Recover Missed Tax Deductions Without Amending Past Returns: How IRS Form 3115 Can Help

Have you ever discovered something about your business’s taxes that made you wonder, “Why didn’t my previous accountant catch that?” You’re not alone. One of the most common areas where businesses and investors lose money on their taxes is depreciation—especially when assets like buildings or renovations aren’t classified or handled properly. Thankfully, there’s a powerful […]
Four Bookkeeping Pitfalls for Small Businesses to Avoid

Accurate bookkeeping is essential for operating a successful small business. Inadequate bookkeeping practices can lead to significant, long-lasting consequences. Here are four common pitfalls — and how to avoid them with the right knowledge and tools. 1. Commingled Bank Accounts Maintaining a dedicated bank account for business transactions is crucial. Using personal accounts for business […]