Small businesses got a BOI reporting exemption in 2025, but NFIB's 2026 ad campaign shows the mandate could still come back. Here's what's at stake and why owners shouldn't assume it's over.
SECURE 2.0's mandatory Roth catch-up rule takes effect in 2026 for employees over 50 earning $150K+. Here's what small business owners running a 401(k) need to fix before year-end.
Trump Accounts launched July 4 with a $1,000 federal deposit for eligible kids. Employers can now add up to $2,500/year tax-free per employee — here's what small business owners need to know.
Lenders evaluate your business’s financial health before approving a loan. Having organized financial statements increases your chances of success. Gather core documents. Prepare your profit and loss statement, balance sheet and cash‑flow statement for the past two to three years. If you’re a new business, include projected financials. Explain variances. Large swings in revenue or...
Restaurant owners have to make countless decisions, from menu creation to staffing. One choice that often gets overlooked is which accounting method to use. Cash and accrual accounting each have pros and cons, and the right fit depends on your restaurant’s size and goals, including the decision of using accrual accounting for your restaurant. Cash...
Many small businesses can’t afford a full‑time chief financial officer, but they still need strategic financial advice. That’s where a fractional CFO comes in. Role overview. A fractional CFO is a part‑time financial executive who helps companies plan, forecast and manage cash flow. They typically work a set number of hours each month. Strategic planning....
A former bookkeeper at Highgate Medical Group in Amherst recently pleaded guilty to embezzling over $1.8 million from the medical practice, highlighting the critical importance of proper financial oversight and professional bookkeeping services for small businesses. This incident raises alarms about the vulnerability of companies to internal fraud, emphasizing the necessity for robust financial protocols...
A seasoned CFO recently shared his frustration: His company had chosen an S-Corp structure to save on taxes, only to find itself trapped in a rigid system that still left them overpaying. “We split profits evenly at around $80k each, but the ‘reasonable salary’ requirements eat into our flexibility,” he explained. This story isn’t unique—it’s...
Is your business ready for the 2025 tax season? Picture this: It’s April 2025, and you’re scrambling to find receipts, reconcile accounts, and dodge IRS penalties. Sound familiar? For many entrepreneurs, tax season feels like a high-stakes race against time. But what if you could turn chaos into calm? Meet CentsIQ—your secret weapon for stress-free,...
The Shocking Tax Savings of an S Corp in Bellevue If you own a business in Bellevue, WA, you might be paying way more in taxes than necessary. The reason? Self-employment taxes are eating up your income. Many business owners don’t realize that switching to an S Corporation (S Corp) can legally slash their tax...
Running a restaurant in Seattle isn’t easy. You already deal with food costs, staffing, and keeping customers happy. Now you need to handle the books without adding stress. This article gives you a clear guide on bookkeeping in Seattle, WA for restaurant owners in 2025. You’ll learn what to do and how to do it...
Have you ever wondered what it would be like to walk away from a stable, well-paying W2 job to take the leap into business ownership? Not the chaotic world of startups, but the calculated move of buying an existing business with proven cash flow. It’s a scenario that doesn’t get much attention, yet it’s a...
As a freelancer in Seattle, Washington, navigating the complex world of taxes can be challenging. However, with proper tax planning, you can maximize your deductions, minimize your tax liability, and ensure compliance with both federal and state regulations. This comprehensive guide will help you understand the key aspects of tax planning for freelancers in the...
For entrepreneurs and small business owners in Renton, Washington, knowing when to bring a professional bookkeeper on board can be a game-changer for your business’s financial health and growth. Let’s explore the key indicators that signal it’s time to hire a bookkeeper in Renton. Signs You Need a Bookkeeper in Renton, WA Your Books Are...
Bookkeeping isn’t just about keeping numbers in check. It’s a whole process that can get pretty tricky. Whether you’re a pro or just starting out, there’s always something that can trip you up. From dealing with taxes to making sure your reports make sense, every step comes with its own set of challenges. And let’s...