Tax Compliance vs. Tax Advisory: What’s the Difference and Why It Matters
September 2026 Tax Compliance vs. Tax Advisory What’s the Difference and Why It Matters If you work with a CPA, you may assume tax compliance and tax advisory are all part of the same service. Sometimes they are. Often, they aren’t. Understanding the difference can change the way you approach taxes throughout the year, especially […]
Can I Hire My Child in My Business? Tax Rules & Benefits Explained
September 2026 Can I Hire My Child in My Business? Tax Rules & Benefits Explained Hiring your child can be a legitimate tax strategy. Here’s what you need to know. Putting your kids on the payroll sounds like the kind of thing that raises red flags with the IRS. In reality, it’s one of the […]
Small Business Tax Deductions: The Ultimate Checklist for Business Owners
September 2026 Small Business Tax Deductions Checklist for Business Owners A Checklist of Small Business Tax Deductions Most small business owners are paying more in taxes than they need to, and it usually has nothing to do with how much money they made. It comes down to deductions that never get tracked, receipts that get […]
The Real Estate Tax Loophole You Might be Missing
December 2025 The Real Estate Tax Loophole You Might be Missing How Short-Term Rentals Can Offset Your W-2 Income If you’ve been anywhere near the real estate market, you’ve probably heard the term “STR.” But what does it mean, and why is everyone talking about it? STR stands for Short-Term Rental—typically a house, cabin, or […]
How to Deduct Items Donated to Your Local Charities
November 2025 How to Deduct Items Donated to Your Local Charities And what to do with the receipts you save from them. Lots of folks get stumped by the blank receipt cards handed back to them after dropping off a donation at the local Goodwill or Salvation Army. Do you write in the value yourself? […]
Monthly v. Annual Subscriptions
May 2025 Monthly v. Annual Subscriptions We’re settling the debate. It’s easy to see certain app or service subscriptions as useful tools for your business–even if you’re only testing them out for a short-term project. But how do you know whether buying into a subscription is a worthwhile investment or a 3-day trial gone bad? […]
‘Tis the Season to Save
November 2024 ‘Tis the Season to Save With small business bookkeeping advice you can use to weather the hustle of the holiday season. You’ve had this date marked on your calendar for months. The custom packaging is ordered. The extra staff hired. The clever coupon code printed on 1,600 flyers. Cue record scratch. Okay, maybe […]
What to Know About Minnesota Paid Leave
October 2024 What to Know About Minnesota Paid Leave And how it will impact your small business accounting. If you’re a small business owner with employees, there are some accounting things you’ve already learned to navigate. Expense reports. Payroll. Sending out W2s. But a new Minnesota law is going to add some extra work to […]
7 Apps for Small Business Bookkeeping
July 2024 7 Apps for Small Business Bookkeeping Time is money, and there’s nothing like saving both with a tool that helps you do better bookkeeping! As certified CPAs, we spend a lot of time crunching numbers. It’s kind of our whole deal. Which is why we adore any app or software that genuinely makes […]