Its complicated. The most up to date information will be on the government website https://fincen.gov/boi As of today the filing is voluntary. The federal courts are still trying to determine if the Corporate Transparency Act is constitutional. You may have … Read More
Business Taxes
The Urgent Necessity of Organizing Your Receipts Before Year-End
Yes, it’s the last week of the year, and a lot of business owners have taken off this week to enjoy the holidays and their families. As the calendar year winds down to its inevitable close, you might find yourself … Read More
Do You REALLY Need A Year-End Inventory?
As we approach the year’s conclusion, our attention is naturally drawn to various financial tasks that demand our time as business owners. While some of these tasks may not carry the allure of strategic planning or revenue generation, they are … Read More
Maximizing Your Retirement Contributions Before Year-End
As we stand on the threshold of a new year, it is imperative to spend at least a little time thinking about some plans for both the short term AND the long term. Don’t let the Christmas shopping fool you, … Read More
The Critical Importance of a Year-End Book Review
I trust this message finds you well as we approach the year’s end, and it’s ALWAYS a significant milestone for both personal reflection and business evaluation. Among the essential tasks that require your attention is a thorough review of your … Read More
Why “Now” is Better Than “Later” for Business Growth
If you’ve ever found yourself saying, “I’ll do it when the time is right,” let me be the one to break it to you—the ‘right time’ is a myth, like Bigfoot or fat-free donuts that actually taste good. Procrastination is … Read More
The Myth of “Taking It Easy” in Q4
Picture this: It’s the last quarter, the finish line is in sight, and you’re tempted to slow down. After all, everybody else is taking it easy, folks are on vacation, “Thanksgiving” seems to last all week, and you can hear … Read More
Stop Using The Holidays as a Business Roadblock
Ah, the holiday season! time of family, food, and … slacking off in business? While the world gets wrapped up in holiday cheer, some entrepreneurs wrap themselves in a comfy blanket of excuses. But let’s kick that habit to the … Read More
The “Money Fear” Factor—Why It’s Time to Invest in Q4
Do you ever look at your budget and think, “I should wait until next year to invest in that marketing initiative, update that outdated software, or even invest in myself and my education with some additional training?” You’re not alone; … Read More
Navigating the Labyrinth of State and Local Taxes
Given how close we are to Halloween, I hope today’s post won’t scare you too bad, yet again and again, I see business owners caught not managing their state and local tax obligations. It’s not just what you earn or … Read More