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Articles

Advice for business owners

Straight talk on tax planning, accounting, and financial strategies your company needs to grow fast and smart.

How to Account for Intangible Assets

How to Account for Intangible Assets

Intangible assets deliver five times more value than tangible assets for S&P 500 companies. Here’s what small businesses can do to catch up.

What Is Accounts Receivable?

What Is Accounts Receivable?

Get this critical piece of your business’s balance sheet squared away for better visibility over cash flow metrics that fuel business growth.

How to Fire Your CPA

How to Fire Your CPA

If your CPA is not solving problems or delivering results—where is your money going? Get a pass/fail test that shows you when and how to fire your CPA.

What Is Tax Planning?

What Is Tax Planning?

What is tax planning? It’s a process that reduces personal and business tax liability starting now and extending into retirement. Learn more.

What is Tax Aggressiveness? Five Reasons You Need It.

What is Tax Aggressiveness? Five Reasons You Need It.

Real tax aggression is a relentless pursuit of improvement in process and knowledge: from tighter bookkeeping, accounting, tax planning, and financial leadership to actionable knowledge of the latest changes that present opportunities for my clients.

Every Penny Matters in Taxes

Every Penny Matters in Taxes

Why will the majority of business owners miss out on tax savings this year? Because when you let go of pennies, you let go of dollars.

When Are Q4 Estimated Taxes Due?

When Are Q4 Estimated Taxes Due?

To start off the new year, let’s answer the “When are Q4 estimated taxes due?” and give you a plan to budget for tax payments in 2024.

What Business Meals Can You Deduct?

What Business Meals Can You Deduct?

What business meals can you deduct? How much can you deduct per expense? Read this guide to build relationships without breaking the bank.

What Is the “Safe Harbor” Rule?

What Is the “Safe Harbor” Rule?

So, what is the safe harbor rule? It gives property owners the choice to take tax savings from depreciable property all at once. Details here.

What Deductions can I Claim Without a Receipt?

What Deductions can I Claim Without a Receipt?

The “$75 rule” allows business owners to deduct four common business expenses without a receipt—but only if the expenses are less than seventy-five dollars. Remember the “$75 rule?” Here are, well, the rules.

What Does a CPA Do For a Small Business?

What Does a CPA Do For a Small Business?

Business owners want to know what they get for what they spend, and CPAs are no exception. Here are the high-impact benefits and outcomes of hiring a quality CPA. Is it worth the cost? You decide.

How To Find a Niche For Your Business

How To Find a Niche For Your Business

“Appeal to everyone. Appeal to no one.” That’s a statement small business owners should put on a poster and hang in the office. Because niche...

Reminder: Q2 Tax Filing Deadline

Reminder: Q2 Tax Filing Deadline

When are Q2 taxes due? If you're asking Google, then your business needs a CPA. Until then, I can help. Today, I'll guide you through the process of...

Top Accounting Practices of 2023

Top Accounting Practices of 2023

Investors and buyers want to see airtight financials and performance numbers they can trust. If you ever want to sell, now is the time to professionalize your accounting.

How to Choose a Business Bank Account

How to Choose a Business Bank Account

More than a quarter of small businesses rely on a personal bank account instead of a dedicated business account¹, and almost half use personal...

Tax Season is Over. What’s Next?

Tax Season is Over. What’s Next?

If small business owners knew what to do after tax season, we'd see tax savings increase next year by wide margins. So what do you do after tax...

How to Keep Small Business Taxes Low

How to Keep Small Business Taxes Low

Sometimes business owners just get it. I ran into a client at the Fort Worth Arts Festival last weekend. He said, “Just a quick check-up," and...

How Long to Keep Business Tax Records

How Long to Keep Business Tax Records

Tax documents, statements, receipts, ledgers, titles—how long should you keep your records? Get the facts that keep your business IRS-compliant.

An Introduction to Amending Tax Returns

An Introduction to Amending Tax Returns

Yes, you’ve filed. But tax returns aren’t etched in stone, and businesses can correct mistakes and take advantage of opportunities retroactively by...

Is Depreciation Tax Deductible?

Is Depreciation Tax Deductible?

Is depreciation tax deductible? Which assets can and can not be depreciated? Stay informed with my comprehensive guide to depreciation.

How to Avoid Small Business Tax Mistakes

How to Avoid Small Business Tax Mistakes

Tax and bookkeeping errors cost small businesses millions in taxes each year. Avoid the five most common mistakes with easy solutions you can implement now.

Do Businesses Get Tax Refunds?

Do Businesses Get Tax Refunds?

Yes, businesses get tax refunds. And we can break down business tax refunds into two types: Tax Refunds for Overpayment: These refunds apply to...

How to Avoid Cryptocurrency Scams

How to Avoid Cryptocurrency Scams

One in 10 Americans is currently invested in crypto, with many seeking the potential for high growth in a short time. Crypto can be a sound...

Your Guide To PPP Loan 2 Requirements

Your Guide To PPP Loan 2 Requirements

After some last-minute back and forth with Congress, President Trump has signed H.R. 133, the Coronavirus Relief and Omnibus Agreement, into law. At...