Year-End Tax Planning Tips from FMA CPA
5 Year End Tax Planning Strategies for Small Business Owners Looking to make the next tax season a little less taxing? Tax season can be hectic and overwhelming for small business owners. It’s not surprising considering how utterly complex U.S. tax laws are in...
How a Business Tax Advisory Can Assist with Succession Planning
Why Should a Small Business Owner Have a Sound Succession Plan? Business owners recognize that, on average, only 30% of small businesses survive into the second generation. No matter how you look at it, this tells you putting off the issue of succession planning for...
10 Mistakes to Avoid with Small Business Bookkeeping
10 Common Bookkeeping Mistakes Small Businesses Make Unlike large corporations, small businesses may not always afford to hire full-time in-house accountants. Most of the accounting work is usually done by the owner or an employee with limited accounting skills. As a...
Personal Tax Preparation: When to Begin Preparing Your Taxes for Tax Season
Personal Tax Preparation: Getting an Early Start on Tax Filing Season Every year, the tax season begins in January and ends in April. This tax year was different due to the pandemic’s staggering effects. The I.R.S. pushed the filing deadline to May 17 from April 15....
7 Business Tax Deductions You Should be Aware of as a Business Owner
7 Business Tax Deductions Every Business Owner Should Know Multiple unavoidable expenses come with running a business. Even so, the I.R.S provides several avenues to reduce your taxable income. For savvy entities, Business tax deductions are a foolproof way to reduce...
What are a few Marketing Challenges Small Businesses Face?
6 Small Business Marketing Challenges and Smart Ways to Overcome Them Often, many small businesses will come up with a great product or service. Yet, this is not always sufficient to keep their company in operation. According to the U.S. Bureau of Labor Statistics,...
What is Cash Flow Budgeting and How Can a Tax Planning Service Assist You?
Cash Flow Budgeting—Why Your Business Needs It Cash flow is the lifeblood of any business. Your business needs to generate and maintain enough cash from its operations to meet expenses and grow your business. The difference between the companies that succeed and those...
Small Business Needs: Common Needs a Business Advisory Services Will Solve
4 Reasons Why Your Small Business Needs Business Advisory Services Whether you’re a well-established entity or just starting out, you make decisions about your business every day. A solid business advisory team knows the ins and outs of the game – they know exactly...
