small business finance

Aug 4, 20204 min read

Best Practices for Your Business Credit Score

Your Business’s Financial Report Card Just like your personal credit score, your business has a credit score to help you get the best...

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Jul 21, 20204 min read

Travel, Gifts, and Meals, Oh My!

Are you claiming all your business expense deductions?

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Jul 7, 20204 min read

Practical Payroll & You

5 Tips to Success We understand - payroll can be confusing! As a small business, it can easily become overwhelming to manage your...

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Jun 30, 20203 min read

Do You Qualify for the Employee Retention Credit?

The Employee Retention Credit can give you immediate access or advance payment from the IRS.

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Jun 23, 20205 min read

Home Office Deductions and You

One of the best parts of our job is the chance to play “detective” and find the best deductions and credits that can save you money!

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Jun 16, 20206 min read

Gig Worker - How Will the Show go on Post-Covid?

A Meta Analysis of the Industry and COVID-19’s Effect on its Players Uber, Instacart, Fiverr, and more contribute to the grand Gig...

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Jun 2, 20203 min read

Making Most of the Benefits Buffet: Cafeteria Plans

It may be a while before we return to the world of buffets and cafeteria plans, but employer cafeteria plans are still alive and well!...

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May 5, 20204 min read

The Business Tax Basics You Need to Know

“Why are tax laws so confusing?” We get that question a lot! With all of the different types of businesses, industries, and situations,...

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Apr 28, 20203 min read

Business Tax Payment Options for the IRS

Last week, we talked about individual payment options with the IRS. Today, we talk about payment plan options if you’re a business....

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Mar 31, 20202 min read

Tax Resources for COVID-19

Can you believe it has been a whole week since our last post? While the days seem to go by slowly, it also seems that new developments...

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Mar 24, 20205 min read

Breaking down the Families First Coronavirus Response Act

We live in an unprecedented time where we are charting new and unknown waters. As new legislation is introduced and passed, it’s...

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Jan 7, 20201 min read

New Year, New Me!

Happy New Year from Practical Accounting Solutions!

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Nov 11, 20193 min read

Break-Even Analysis for Your Small Business

As a business owner, you’ve probably heard the break-even equation countless times. Revenues = Costs, Profit = 0, you get the picture....

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Nov 4, 20193 min read

Teaching Your Kids About Money

Many of our clients remember the days when children were given a nickel to stop by the donut or candy shop on the way home. It was easier...

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Oct 28, 20192 min read

Activity-Based Costing: Is it right for me?

ABS is as easy as 1-2-3! Is Activity-Based Costing right for you?

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Oct 7, 20193 min read

Are There Tax Benefits to Hiring your Minor Children to Work for Your Business?

As a small business owner, how would you like to save on your federal and state taxes as well as help teach your child(ren) about saving...

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Sep 30, 20192 min read

Financial Ratios for Your Small Business Part II

Last week, we introduced a few financial ratios that you can use on your balance sheet and income statement. This week, we'll add to that...

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Sep 23, 20192 min read

Financial Ratios You Need for Your Small Business Part I

Financial ratios are a powerful tool to help you assess your small business finances. They can measure your operational efficiency...

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Sep 16, 20194 min read

You Need These Apps in Your Life!

Our smartphones have become an essential part of our everyday lives. From connecting with loved ones and friends on social media, getting...

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Sep 9, 20192 min read

Your Profit and Loss Statement: What You Need to Know

As a small business owner, you wear a lot of hats. When you sit down to calculate your finances, a Profit and Loss Statement (or P&L...

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