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Feb 27, 2024
Navigating Financial Success: Why and When You Should Embrace Budgeting
Article

Navigating Financial Success: Why and When You Should Embrace Budgeting

Do you know that a significant percentage of small and mid-sized manufacturing businesses do not have an annual operating budget? As you explore how a budget can drive important business decisions, this introductory article marks the beginning of our comprehensive budget series where we explore the why, when, and how of budgeting. Future articles will move you through the process and explain how to pull it all together. Let’s get started so you can understand how your business is performing!
Feb 20, 2024
Retirement Planning for Entrepreneurs: A Beginner’s Guide
Article

Retirement Planning for Entrepreneurs: A Beginner’s Guide

Embarking on the entrepreneurial journey is a bold and rewarding endeavor, but it comes with unique challenges, especially regarding retirement planning. As author Stephen Covey wrote, “Begin with the end in mind.” Your financial future is intricately tied to the success of your business venture. In this guide, we’ll look at the complexities of retirement planning for entrepreneurs, offering insights and strategies to ensure your golden years are as fulfilling as your entrepreneurial journey.
Author
Feb 19, 2024
The Future of QuickBooks: Getting Ahead of the Change
Article

The Future of QuickBooks: Getting Ahead of the Change

As of July 31, 2024, new subscribers can choose between QuickBooks Online (QBO) and QuickBooks Enterprise. Existing subscribers will still be able to renew their QuickBooks Desktop Pro and Premier subscriptions, but these options are no longer available to new subscribers. The biggest impact will be for new businesses or QuickBooks Desktop users without an active subscription. For several years, Intuit has poured its resources into enhancing QuickBooks Online, to make it more robust and user-friendly while adding new features.
Author
Feb 16, 2024
Staying Secure During Tax Season: Your Guide to Avoiding Phishing and Smishing Scams
Article

Staying Secure During Tax Season: Your Guide to Avoiding Phishing and Smishing Scams

As we approach another tax season, it's not just the crunch of numbers that should be on our minds but also the heightened risk of falling prey to cyber scams. The Internal Revenue Service (IRS), following its eighth annual Security Summit, has issued an early reminder: Be vigilant against phishing and smishing scams. This advice isn't just for those in the U.S. − cybercriminals are sharpening their tactics globally. Let's walk through essential tips to help you navigate this tricky period safely and confidently.
Author
Feb 15, 2024
Important Information Regarding the Corporate Transparency Act
Article

Important Information Regarding the Corporate Transparency Act

The Corporate Transparency Act (signed into law on Jan. 1, 2021) expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the US. Beginning in 2024, many small businesses are required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) in an effort to create a national database for use by national security and law enforcement agencies to prevent the use of shell companies for criminal activity. 

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