Tag: business advice

Choosing a business entity is often one of the earliest structural decisions an owner makes. At the start, the priority is typically practicality: launching operations quickly, limiting liability, and keeping administrative complexity manageable. In that context, the initial entity choice usually serves its purpose, however… when we consider a business’s entity choice, we discuss both the legal and tax entity AND choose based upon current and future expectations. Recently several…  Read more

Do you ever feel like your business has too many cooks in the kitchen: your accountant says one thing, your attorney another, and your financial planner a third? 🍲 It’s not you. It’s the setup.  Many businesses follow the process of “hire first then grow”, while others ask for help from their advisory team when they feel overwhelmed or are “flying by the seat of their pants” looking for help from their…  Read more

Many small business owners, medical practitioners, law firm owners and visionary start-up entrepreneurs, treat their business structure like it’s just paperwork.  Even those businesses that have been successful for many years may benefit from a review of their tax entity.   This is NOT a form to sign, a box to tick, something you set once and never look at again, something you chose because you thought it was the right choice…  Read more

If there’s one shift I’ve watched push businesses forward more than anything else these past few years, it’s this: the move from a reactive mindset to a predictive one…Rrrrrrright not forecasting revenue or planning for taxes…I’m seeing the deeper shift: initiate change as your advisory team shares insights, aligns strategies, and works from data that connects cleanly…Advisory TEAM???? Yes, remember there’s no i in team… That’s when you stop playing…  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

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

Weekly Takeaway: Stay abreast of the tax laws, even when you are “knee deep” in tax season; be informed and keep your staff, clients, and other tax professionals informed of the latest developments.  They may roll their eyes, but they can as they are well informed of the law and developments surrounding filing requirements.  Rolling 🙄your eyes is a luxury as compared to panic and sleepless nights 😥when you are…  Read more

Weekly Take Away:  Last Thursday January 16th, I joined and hosted a panel presentations with fellow CPA’s for our professional group – one of the topics we discussed was cash flow.  Yes, even tax and accounting professionals struggle with cash flow, billing and collections from time to time, or at least work to create processes and sytems to avoid those struggles.  We accounting professionals look to help reduce the administrative…  Read more