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Should Your Business Buy or Lease Equipment?

A low monthly lease payment can look attractive, while ownership can feel like the more responsible long-term choice. Neither conclusion is automatically correct. The better decision depends on…

Choosing the Right Business Structure as You Grow

When a business is initially formed, the choice of entity is often guided by simplicity and efficiency. As operations expand and financial results become more consistent, that decision…

Thinking of Buying a Business? How Your CPA Can Help

Buying a business seems like a single decision, but anyone who has stepped into that process knows it turns into a dozen decisions stacked on top of each…

Writing a Business Plan That Lenders Will Respect

Writing a business plan is more than checking a box before meeting with a lender—it’s your chance to prove you understand your business from every angle. Lenders don’t…

Running a Successful E-Commerce Business

With the ways things are going with the economy, more people are looking to be their own boss with an e-commerce business. E-commerce has been around since the…

How to Write a Business Plan and Why You Should

A business plan may facilitate your opening up a business banking account, get business credit and help you acquire investor financing. Your business plan provides lenders and other…

Combining a Business Trip With a Family Vacation: Should You Do It?

As a small or medium-sized business owner, managing your work-life balance is crucial. One way to achieve this is by combining business trips with family vacations. This approach…

What Are Allowable Deductions For Business Travel?

Deciphering IRS rules on business travel deductions is critical for reducing tax liability effectively and maintaining compliance. Thankfully, you can rely on your CPA to do this work.…

Everything You Need to Know About Business Use of Vehicles

As a business owner, it’s likely that you have one or more vehicles that you use for business purposes, either full-time or part-time. The IRS offers business deductions…

The Pros and Cons of Giving Christmas Bonuses

There’s a long-standing tradition of businesses giving Christmas bonuses to loyal employees. Each year, employees eagerly await these bonuses, trying to guess how much they will be, when…

Seasonal Business Trends: Preparing for the Busy Months

As the seasons change, so do the fortunes of many businesses. Whether it's a cozy winter wonderland attracting skiers, a vibrant summer resort beckoning beachgoers, or a bustling…

Creative Alternatives to Cash Bonuses

Cash bonuses have traditionally been used to reward employee performance, communicate the value of an employee, recognize, support employee loyalty and more. But many business owners—particularly small ones—may…

10 Common Financial Mistakes Small Business Owners Make

Running a small business often means wearing multiple hats. One moment you're a manager, the next you're a marketer, then a customer service representative. While juggling these roles,…

Should You Hire Your Children to Work in Your Business?

At some time or another, almost every small business owner has considered hiring their children to work in the family business. It's an attractive idea. The concept of…

What’s the Difference Between a Startup and a Small Business?

When you think of a startup business and a small business, you may assume they are one and the same. However, once you learn more about these two…

How to Protect Yourself When Running a Home-based Business

We live in a time when starting and running a home-based business is easier than ever. With a little bit of ingenuity, some seed money and a good…

Employee Appreciation Ideas Around the Holidays

As a small business owner, you realize just how important your employees have been to your company's success. Since the holiday season is fast approaching, this is a…

Common Budgeting Mistakes Of Small Businesses

When you own a small business, every dollar counts. Unfortunately, many business owners don't take this philosophy to heart, leading them to make various budgeting mistakes. While some…

How to Recover After a Bankruptcy

Bankruptcy is not only financially embarrassing; it can make a person feel like there is no future, at least in the money sense. Those who file for bankruptcy…

Should You Accept Crypto For Payment?

If you were a small business owner years ago, the only methods of payments you were likely accepting from customers were cash, checks, and credit cards. However, today's…

Guide to Applying For a Business Loan

Whether you are starting a new business or have a business that is already established and in need of additional financing for new equipment or something else, obtaining…

10 Reasons To Contact Your CPA Immediately

When you are facing various types of financial difficulties or are in the midst of undergoing a major financial change in your life, consulting with a CPA you…

How PPP Loan Forgiveness Works

When the COVD-19 pandemic hit, thousands of small businesses were shutting their doors, laying off workers, and wondering if they would ever open up again. However, once Congress…

How to Re-Energize Your Business After the Pandemic

While only a few months ago it may not have seemed possible, most states are now lifting mask and social distancing mandates, meaning life where you live and…

How to Calculate (and Lower) Your Customer Acquisition Cost

If you are a business owner and have thousands of customers buying your product or service on a daily basis, this sounds like a great formula for success.…