Financial Resources for Businesses

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.

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

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.

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

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

Gone are the days of manual ledger entries & complex spreadsheets; now, there's an app for everything, including tracking your expenditures.