Accounting for Small Businesses

  🚨 Small Business Owners — Are You Making These Costly Accounting Mistakes? Trying to save money by doing your own bookkeeping, payroll, and taxes can actually cost you more. We often see business owners: 1️⃣ Overpaying Sales Tax — Adding customer tips to sales, over-reporting revenue, failing to provide tax exemption certificates, charging incorrect sales tax rates, or paying more than collected due to reporting errors. 2️⃣ Paying Excess Employer Taxes — Missing the opportunity to legally save by classifying certain workers as contractors instead of employees. 3️⃣ Missing Allowable Deductions — Underreporting expenses like depreciation or business-use allocations, which increases annual tax liability. These mistakes don’t just cost money — they risk fines, hurt cash flow, and limit your ability to grow. ✅ A professional approach ensures accurate records, correct tax filings, and maximum savings — so you keep more of your hard-earned profit. 💬 Have you reviewed your ac...

  Successfully completed a comprehensive financial transformation for a leading nonprofit education organization in Madison, Wisconsin! The Challenge: Complex account reconciliation with multiple transaction duplications Broken accounting links requiring systematic cleanup Tight deadline to finalize current fiscal year books The Solution: Executed complete account restructuring and cleanup Eliminated duplicate transactions and restored data integrity Delivered accurate, finalized books within compressed timeline Implemented robust processes for future financial management The Result: Client satisfaction achieved - continuing partnership secured for ongoing services Financial clarity restored for strategic decision-making Efficiency improved through streamlined accounting processes Proud to support Wisconsin's educational nonprofit sector with reliable financial expertise that drives organizational success. #NonprofitAccounting #FinancialManagement #accounting #accoun...

  Many small business owners try to save money by doing everything themselves — from daily operations to marketing and even accounting. While this may seem like a smart way to cut costs, it can often lead to burnout, missed opportunities, costly mistakes, and slower business growth. Here are three common areas where owners attempt to save money — and why hiring help can be a better investment. 1️⃣ Handling All the Main Operations Yourself Current Situation: Many owners, especially in industries like restaurants, retail, and personal services, work long hours — often over 50 hours per week — taking care of everything themselves, from production and customer service to cleaning and supply runs. Pros: Save around $10–$13 per hour by not hiring help. Cons: Physical and mental exhaustion that can hurt decision-making and long-term health. No time left for growth-focused activities like planning, networking, or developing new services. Better Approach: Hire assistants or p...