Blogs

As a small business owner, it’s important to be aware of the financial health of your business. One of the most powerful tools to help you analyze your business's health is financial ratios. These ratios provide you with valuable insights into the performance,...

Most of the time, small business returns are not audited. However, in recent years, the IRS has gotten more active. In November 2021, the IRS announced that audits would increase by 50% in 2021. In August 2022, the Inflation Reduction Act was passed, which included...

Due to the size and demands of the company, larger corporations have separate departments to handle processes including inventory management, bookkeeping, budgeting, payroll, and more. However, business owners learn quickly that they are limited with time and...

When you’re just getting started in the small business world, you may find yourself overwhelmed by all of the advice you’re given. Even if you've been in business for a while, it’s hard to know what will work and what won’t. In fact, even some experienced business...

According to research, only about 20% of new businesses make it past the first year and, even if yours does, only about 50% make it past 5 years. There are many reasons small businesses fail and these statistics can be disheartening, whether you are just getting...

For many years, most people have believed that entrepreneurs are just too unconventional or lazy to work a typical 9 to 5 job. However, in recent years, there has been a shift in these beliefs, and it’s easier than ever to start your own business. As a result, many...

Financial trends are looking quite different than a few years ago. Prior to the COVID-19 pandemic, most people seemed to have a positive outlook on starting a small business. However, post-pandemic, small businesses are facing an array of ever-evolving regulations,...