In the dynamic realm of accounting, understanding the distinctions between attest and non-attest services is crucial for businesses seeking financial clarity. While accountants can provide both attest and non-attest services, they aren’t the same thing, and each has its own…
Auditing, attestation, and assurance are services that professional accountants provide that can help you with your personal and business finances. But what exactly are these services, and how can a Certified Public Accountant (CPA) help? Let’s explore auditing, attestation, and…
Many small business owners don’t know where to start when it comes to building a balance sheet. But it’s often easier than you think, and it’s all about understanding the components involved and putting them in the right places. In…
Scaling your small business is an exciting time. But it’s not just about generating more income–it’s also about creating a sustainable strategy for growth over time. Growing your business in this way requires a well-planned and detailed approach, especially when…
If you’re a sole proprietor, you may have considered making your business a single-member LLC. A single-member LLC provides the protection of an LLC entity but with the tax benefits of operating as a sole proprietor, which is appealing to…
As a small business owner, having a guide to compiling personal financial statements is crucial for evaluating your financial health and ensuring compliance with generally accepted accounting principles (GAAP). These financial statements are essential for monitoring the health of your…
Understanding how to prepare for an audit of your small business is crucial in maintaining compliance and avoiding potential financial setbacks. As a small business owner, you may face different types of audits, so we’ll cover various aspects of preparing…
Understanding tax write-offs is essential when maximizing tax savings for your single-member LLC. Dealing with taxes as a business owner can be intimidating, but when you have the correct information and plan appropriately, you can considerably lessen your taxable income….
Filing taxes for the first time as a small business owner can feel overwhelming. But the good news is that you don’t need to figure everything out on your own. Partnering with a small business accountant can be an incredibly…
Preparing taxes is an essential part of running a small business, and enlisting the help of a knowledgeable tax consultant can help ensure that all deductions are taken advantage of while staying compliant with regulations. To ensure you are taking…