Financial Resources for Businesses

Choosing the right legal structure for your business is one of the most important decisions  you’ll make. Not only does it impact legal liability and management flexibility, it can dramatically influence how much tax you pay . With the right structure, you can unlock meaningful tax savings, retain more profits, and better plan for growth — but the wrong choice can cost you thousands. This guide breaks down the key differences between the most common structures — LLC, S-Corpor

Choosing the right accounting method is one of the most important decisions small- and mid-size business owners make—one that impacts financial clarity, tax planning, and day-to-day management. Two primary methods exist: cash accounting and accrual accounting. Each offers distinct advantages, and understanding how they work will help you select the approach that best supports your operations and long-term goals.

Cash flow is the lifeblood of any small business. Even if you’re profitable on paper, running out of cash means you can’t pay bills, cover payroll, or seize growth opportunities.

On March 25, 2025, President Trump signed Executive Order 14247: “Modernizing Payments To and From America’s Bank Account”, setting in motion a major change in how the federal government disburses and collects funds.

The “No Tax on Tips” proposal aims to exclude tips from federal income tax. This means: Tipped workers would no longer owe federal income tax on their reported tips and...

In July 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law. It accelerates the expiration of several energy-related tax credits previously extended under the Inflation Reduction Act (IRA). Here's what individuals need to know

As energy costs rise and environmental responsibility becomes more important, business owners have a unique opportunity to benefit from federal energy-efficient tax credits—while reducing operational expenses and contributing to a greener future.

The recently passed “Big Beautiful Bill” is making waves across the U.S., promising to overhaul parts of the tax code and introduce new provisions that will affect individuals, small business owners, and high-income earners alike.

Optimizing these closing procedures not only ensures data integrity but also enhances the finance team’s ability to deliver actionable insights promptly.

Track your donations year-round and import them into TurboTax at tax time to get every dollar you deserve.

As a seasoned CPA with over 25 years in the field, I’ve seen many legislative changes impact our profession and our clients. But few have been as sweeping or as opportunity-rich as the Inflation Reduction Act (IRA) of 2022.

The IRS has rolled out new retirement contribution limits for 2025, offering fresh opportunities to boost your savings and reduce your tax burden.

Understanding what triggers IRS scrutiny is key—especially for small business owners, self-employed individuals, and high-income earners.

We will discuss some of the most common and recent scams, including deceptive text messages impersonating toll services and USPS and how to

In times of economic uncertainty, businesses of all sizes face significant challenges in managing cash flow.

The business landscape in 2025 is evolving rapidly, and small businesses must stay informed to remain competitive and compliant. 

Increase your Tax Refund & Follow these Proven CPA-Backed Tips

As we step into 2025, the accounting landscape continues to evolve, shaped by technological advancements, regulatory changes, and the...

In this guide, I’ll cover the essentials: different types of 1099 forms, key deadlines, and practical tips for ensuring you're prepared.

Here’s a step-by-step guide from an experienced CPA to help you get organized and start the year off right.