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As 2025 draws to a close, we have been working through 2025 tax minimization plans, growth plans, exit strategies, and looking towards 2026 and future years as well.  We get so much satisfaction from helping our clients achieve their goals; current, future, imagined as we work with “strategic partners”.  When they follow this model we see success with small business owners, medical practitioners, law firm owners and our visionary start-up…  Read more

Another great question! 🎯 One I asked myself just a week ago, as I considered my purpose for attending the 23rd ATS Tax and Accounting conference, a three (3) day tax symposium held on Long Island.  Spoiler alert:  I am the current Co-President of the N/S Chapter of NCCPAP Educational Foundation and a member of the ATS executive committee so I don’t really have much choice, but I “got\get” so…  Read more

Great question: and we always say “it depends” and “it’s not quick or easy”  when you do things right you may find opportunities within your business, maybe smoother operations, better cash flow, identify tax benefits, tweak product lines for better profits, these things can make a big difference. If the phrase “financial reporting” makes your eyes glaze over, you’re not alone. I get it, it sounds like paperwork. Something your accountant nags…  Read more

As a small business owner or medical practice owner, setting up a retirement plan doesn’t just help you and your team save for the future — it can also offer immediate tax savings and tax credits for you and your business…NOW. A retirement plan (such as a SEP, SIMPLE IRA, or 401(k)) can cover both the owner and eligible staff. Eligibility is typically based on: Number of hours worked (e.g.,…  Read more

Great question — and one I have been discussing with my clients and prospective clients more and more lately. The good news? If you’re asking this, you’re already ahead of the curve. Thinking about growth, succession, and strategy means you’re not just running a medical practice — you’re running a business too. Here are some key considerations as you look toward expansion, transition, and tax-smart planning: 🔹 1. Keep the…  Read more

The answer, of course, is “it depends” — and it’s not quick or easy. Like most things tax and/or business related, the answer is tailored to each client’s circumstances and goals and of course your goals📈🌈💡 and the tax law! 📚⚖️ Running a medical practice is more than just patient care—it’s also about navigating billing, payroll, compliance, staffing, and vendor contracts. For many physicians, these responsibilities can become overwhelming. That’s…  Read more

Ever found yourself thinking, “My accountant just files my taxes, right?”—you’re not alone. But let’s clear the air: today’s accountants are no longer just the “bean counters” in the back room crunching numbers. We’ve evolved. 📈 Advisory services are how we help small business owners like you move from asking “What happened?” to “What should I do next?” and even “Thanks for bringing this to my attention, yes please can…  Read more

As a small business owner, like myself, you may be considering enabling a remote or semi-remote work environment. Our firm has been “spread out” between Upstate NY and Florida for over 20 years. With the availability of great technology solutions, we easily pivoted during the pandemic and never looked back. In March 2020, only one team member was 100% remote. That all changed, and now only Raquel and I regularly…  Read more

Just the other day I received this email: “Hi Andrea- Hope all is well, quick question. I am taking on some additional contract work 1099, likely 2K/month starting in June. How much additional should I payin to cover tax burden? I assume I will have deductions associated with this additional work from home as well.” It’s a quick question, but never a quick (or easy) answer or process when doing it…  Read more

I love the business advice term “work smarter, not harder”.  As we business owners look to achieve success, we can research and implement marketing techniques to help us reach our short-term and long-term goals… Marketing can feel like a daunting task for small business owners and professional practices. No matter where we are in the evolution of our businesses, navigating the world of marketing can be overwhelming. With the right…  Read more

I hope this follow-up to last Friday’s blog, highlighting the “Do’s” and “Don’ts” will help you with navigating debt repayment helping your business grow and helping you get a good night sleep: While significant expenses like staff salaries, rent, and advertising are carefully budgeted, one critical “cost of doing business” that often flies under the radar is debt servicing—the monthly principal and interest payments on loans 💸.  Managing debt can feel like…  Read more

Navigating Debt Repayment for Financial Freedom For many small business owners, medical practitioners, and other professionals, launching a business or practice often begins with a well-crafted business plan 📋 and the assembly of a strong professional support team 🤝. Once a loan is secured 💰, a prime location chosen 📍, and key staff hired 👥, the real work begins. While significant expenses like staff salaries, rent, and advertising are carefully…  Read more

Finding new customers and markets is an exciting journey that requires careful planning and strategic action. With the right approach, the rewards can be significant. So, why not take the first step today? 🏠🚀  Weekly Takeaway: For a business to thrive and grow, it essentially needs two things: a strategic plan and an ability to continually find new customers while tapping into promising markets.  There’s a popular marketing saying: “Go where…  Read more

I hope this follow-up to last Friday’s blog, highlighting the key benefits of utilizing Budgeting, Forecasting, & Goal Setting for Business Success, provides actionable insights to help your business thrive.  Best practices include proper financial planning as the cornerstone of success for any business. Whether you’re a medical practice, a professional service provider, or a small business owner, aligning your budgets, forecasts, and goals can pave the way for sustainable…  Read more

I hope this follow-up to last Friday’s blog, highlighting the key benefits of working with an accounting firm who supports your cloud-accounting software platform, proves valuable—especially for small business owners striving for financial clarity and control. Quite a mouthful, I know, but I firmly believe that implementing real-time accounting processes, accessible anytime and anywhere, is one of the most transformative steps your accounting firm can assist and support you with.…  Read more

I love following up my Friday “wordie” blog with a visual version.  This week I have created a check list to help follow best practices for working smarter not harder and following time tested best business practices for HOPEFULLY solving some of the problems or issues many small businesses are facing these days. Financial Best Practices for Small Business Do’s: Pay Yourself 🤑 Maintain a Separate Business Bank Account 💳…  Read more

It’s still the beginning of the year and I feel this is still the best time to set your medical practice, law firm or business on the right track to have a successful AND less stressful 2025.  Over the past few weeks I have discussed: creating or updating your business plan, listed out several important general best practices or business tips, averting a cash flow crisis, and utilizing input from…  Read more

Our firm is working with a medical practice group, a consulting client; who is looking to understand their business performance, identify weaknesses and grow in the right direction.  Based upon need and staff expertise, their practice seems to be doing really well.  Their patient base is growing, their staff is experienced and their patients are happy working with them.  On first glance their medical practice is thriving and as such,…  Read more