cash flow

S-corps and Partnerships: Extension Deadline September 15th

 S-corps and Partnerships: Extension Deadline September 15th

Summer is over and school is back in session. Time for us to leave the beaches behind and head back to reality. Not only is vacation time over, the second tax season has begun. Now, if you filed your returns in April, you’re in the clear. I’m talking to those of us who elected to file extensions to put off the dreaded task of paying Uncle Sam.

Payroll Solutions for Small Businesses

Payroll Solutions for Small Businesses

Today’s topic focuses on payroll solutions for small businesses. When first starting out, a large population of small business owners, especially solopreneurs, will skip out on a payroll solution. And soon enough, we discover the cost of doing so: that large year-end tax bill.

Cost of Goods Sold or Expenses

Cost of Goods Sold or Expenses

Financial reports paint a picture of how well a business is performing, if they have room for growth, and when they should reduce spending to keep the doors open when sales are low. The most important one up for discussion is often the Income Statement, also referred to as a Profit and Loss.