by John Reddall | Jul 24, 2026 | Tax
Anyone who operates a business or plans to start one must understand how businesses are taxed. Taxes are among the highest costs a business incurs. If they are not planned for or if the rules are not followed, the results can be devastating. In this article, we will...
by John Reddall | May 18, 2026 | Bookkeeping
Sound financial management starts with a proper set of books, and that begins with the accounting cycle. The cycle starts by identifying and capturing every financial transaction the business makes over a period, typically a month. That includes money received and...
by John Reddall | Apr 1, 2026 | Accounting
If you’re a small business owner, the quality of your financial decisions depends on the quality of your financial information. Knowing where your money is, where it’s going, and whether your business is on track starts with a proper set of accounting reports. A small...
by John Reddall | Aug 11, 2025 | Accounting
Many small business owners are confused about the difference between bookkeeping and accounting and often wonder if they even need either of them. All businesses need both. What Is the Difference between Bookkeeping and Accounting? Bookkeeping and accounting are often...
by John Reddall | Jul 11, 2025 | Tax
There are a number of legal entities used to form a business, each with its own benefits and limitations. In recent years, a popular choice has been the Limited Liability Company (LLC). The LLC combines the liability protection to the business owner(s) provided...
by John Reddall | May 16, 2025 | Tax
A partnership is one of several legal business entities and, as such, can lead to certain tax issues. What Is A Partnership? Partnerships are a very common type of small business. A partnership is an agreement by two or more persons to conduct a trade or business....
by John Reddall | Mar 28, 2025 | Bookkeeping
Knowing when to hire a bookkeeper is crucial for business success. You should hire a bookkeeper or accountant for your growing business in the following situations: When the financial affairs of the business outgrow the ability to use just basic bookkeeping software...
by John Reddall | Feb 21, 2025 | Tax
The S Corporation is a special type of corporation that combines the form (with some limitations) of a C Corporation and the tax treatment of a Partnership. The IRS defines it as an entity specifically for tax purposes. A business must elect to be treated and...
by John Reddall | Dec 6, 2024 | Tax
C Corporations represent some of the largest businesses, structured to offer ownership to many shareholders while operating as a distinct legal and tax-paying entity. While rarely chosen for small businesses, C Corporations play a vital role in the business landscape,...
by John Reddall | Nov 8, 2024 | Tax
This article will discuss how sole proprietorships are taxed, what tax returns you must file, and when you must file them. We will focus on federal income and payroll taxes since they are the most common. What Is A Sole Proprietorship? Sole proprietorships are...
