By James Chittenden If you are looking to buy an existing small or medium business, protect yourself by looking for red flags in small/medium business finances. If you are looking to sell a business, clean up your books and implement the controls we recommend below. Clean finances increase the value of a business. Sloppy books Read More

To get your new business ready for credit approval, you must establish the business as a separate legal entity and ensure all public records are consistent. Because lenders rely heavily on automated underwriting systems, minor discrepancies in your business name, address, or phone number will cause delays or trigger immediate denials.  Structuring your business correctly from Read More

Summer can be one of the busiest times of the year for many small businesses. Whether you’re managing seasonal demand, coordinating employee vacations, or preparing for growth opportunities, staying organized is essential. The right financial tools can help you as a business owner save time, improve cash flow, and make better decisions. Here are three Read More

By James Chittenden Businesspeople can get lost and discouraged when looking for their first round of business funding. Surprisingly, they can have greater success if they use a simple but often overlooked key to fast funding approval.  Loans, investment, and other ways that businesses can obtain capital for growth seem mysterious. The overwhelming number of Read More

By Jeff Skolnick, CPA The recently passed tax law contains many changes to existing law. The final bill was almost 1,000 pages. I have summarized what I believe to be the key tax provisions of the law. EXTENSION OF AND CHANGES TO CURRENT INDIVIDUAL PROVISIONS Many of the provisions enacted by the Tax Cuts and Read More

Tax season looms large, and if you’re like many small business owners, you might be feeling the pressure. You are not alone. Juggling daily operations, customer demands, and keeping track of finances can make tax preparation feel like a burden. Tax problems, tax requirements and tax solutions will be on your mind until this chore Read More

By James Chittenden Tax season is always a stressful time for small businesses. However, with the right tools and strategies, you can streamline the process and ensure accuracy in your financial reporting. QuickBooks, the leading accounting software, offers several features to help small business owners navigate tax season smoothly. Here are three essential QuickBooks tools Read More

Starting a business in the USA can be a highly rewarding venture, but doing it right requires careful planning and execution using a successful business plan. A well-structured business plan guides you through your venture, helping you through key decisions and ensuring financial stability. Generally, this process requires you to answer questions you may not Read More

By James Chittenden As a business owner, New Year 2024 can be the day that starts your best year yet. New year business preparation is all about setting goals, and if you are willing to stretch to an uncomfortable number, you just might get there. That will make your year-end 2024 more comfortable.  Business Planning Read More

By James Chittenden Novice entrepreneurs often feel intimidated by business planning, especially creating financial projections. A business education or an accountant is helpful, but not required. Start with a realistic idea of anticipated expenses and costs. You also need a realistic idea of the revenues needed to cover all expenses. An experienced business owner and Read More