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 If your business runs like most, June 30 is the end of a day, a week, a month, a quarter, and half the year. One of the things your business should do at mid-year is a progress check. If your goal is to make $10 million in sales this year, then by Read More

By James Chittenden Investors and entrepreneurs today have access to information and funding that was available only to the “big guys” just a generation ago. Crowdfunding, angel, and venture capital investors and entrepreneurs can find each other easily using a variety of methods. EquityNet is one of them. Should you raise crowdfunding or other capital 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

By James Chittenden All startup owners consider venture capital funding, including you. Before you look to get venture capital funding for your startup, make sure that it is appropriate for you. It may or may not be. Why? The process can be time-consuming, competitive, and for most startups it will be futile. However, the right Read More

By James Chittenden Business success is fun, but business taxes are not. They are an unavoidable part of making money, but there are ways to save money on business taxes. Use these strategies to improve the lives of yourself and employees, save some money on your business taxes, and increase your take-home profits.  Tony Morales is Read More