Entrepreneurs who want to operate their company as a Limited Liability Company (LLC) should be familiar with the terms “registered agent” and “organizer.” Both are essential for registering a business entity in any state. Here’s a rundown of what an LLC organizer’s...
Professional bookkeepers work in a highly competitive environment, so tailoring your offerings or adding new services to your repertoire can set you apart. Here are some ways to expand what you do for your clients, deliver more value to them, and generate more...
Among an employer’s obligations are payroll taxes and other employment related details, such as FICA and income tax withholdings, federal and state unemployment insurance, and workers’ compensation insurance. But is every business with employees responsible for...
Choosing a business name is exciting and it’s one of the most important startup tasks. Your business name will be the cornerstone of your brand identity, and you’ll want to ensure the name you select isn’t already taken by someone else. That involves a name search...
Now that we’re at the mid-way point of 2025, it’s an ideal time to revisit the compliance deadlines you need to keep an eye on and assess your business to determine if you should make some changes to fuel its success. Here’s a checklist to help you stay on track...
Can you have LLC members living in multiple states? Yes you can, but there are some considerations you’ll need to keep in mind. The practice of running an LLC with members in multiple states has become more common as remote work is increasingly utilized. But to do...
The State of Delaware will require all Limited Liability Companies (LLCs) and Corporations to re-register their trade names, also known as DBAs. The move is aimed at making the registration process easier and eliminating a backlog of trade names that were not...
If you’re a professional services provider, you may be facing the daunting challenge of trying to grow revenue. With much of your income potential directly tied to billable time, it can be tough to find enough hours in the day to increase income and expand...
A corporation has three main categories of stakeholders involved in the financial and management aspects of the company. While all play a crucial role, officers work more closely with a corporation’s managers and supervisors, arguably having a more direct impact on...
With any investment property, liabilities come with the territory. Faulty electrical wiring, broken stairway railings, black mold, and other possible flaws are all inherent threats. It’s no wonder savvy real estate investors decide to form LLCs (Limited Liability...
If you’re operating your business as a Partnership, you may be wondering if it’s possible to change to an S Corporation. While converting directly from a Partnership to an S Corporation for tax purposes isn’t allowed, there is a way to get there—if the owners of a...
Payroll processing is a critical element of any business that wants to grow and thrive. To put it in simple terms: payroll is the process by which employers pay their employees for their work. It’s a vital activity that can get quite complicated. Managing payroll...
If you’re like most entrepreneurs, you frequently get the urge to change the way you do things and replace them with new systems and fresh ideas. After all, spring is the time for new beginnings, and your accounting firm operations could probably use a bit of a...
As far back as October 2019, half of Americans were already concerned a major recession was on the horizon and now that concern has become a reality, according to top economists. According to the National Bureau of Economic Research, the U.S. economy actually...
Searching for the first clients for your startup accounting business might seem like finding a needle in a haystack (or, for you Harry Potter fans, like finding a Horcrux in the Room of Requirement). In reality, however, it can actually be pretty simple, thanks to...
Does your accounting business need a blog? The answer is yes! Website content like service pages and blog posts help your business rise in the search engine rankings and this means more people will find your website and inquiry about your service offering. So, if...
Whew! You made it through the crazy-busy tax season, and I hope you and your fellow accounting professionals are enjoying some much-deserved time to relax. With the lion’s share of your firm’s revenue secured in the first four months of the year, you may now be...
It’s a classic scenario: you arrive at a networking event armed with business cards and ready to make connections. But once you get there, you can’t seem to pull yourself away from the wall and mingle with everyone who acts more confident than you feel. Get to Know...
A startup advisor is a person who provides industry or subject matter advice, mentoring, and/or networking connections to a startup entrepreneur or startup business. A startup advisor can be invaluable to help you navigate through startup pitfalls, structure your...
Choosing the best state to start a business is an important detail in your overall business plan. When it comes to launching a small business, “Location, location, location” is part of the formula for success. If you’re wondering if a specific location would give...
If you’re thinking about starting a Partnership, there are some important considerations to keep in mind. As with every business venture, there are advantages and challenges involved with operating a Partnership, and it’s best to understand what you’re getting into...
Traditionally, when you think about starting an accounting business, you envision building the business from scratch. You'll be responsible for doing market research, financing your startup, differentiating your business in the marketplace, etc. That's a lot of...
Whether you’re a business accountant serving entrepreneurs or you’re a business owner, it’s critical to understand sales and employment tax registration and ongoing requirements. Federal payroll taxes are the same no matter where a business is located, but state...
There's a never-ending debate on whether entrepreneurs are born or made. I don't claim to be able to make the call one way or another, but I have noticed several characteristics of successful entrepreneurs that business owners seem to share. While we're all unique...
Daycare businesses provide a critical service to working families. Parents and guardians need reliable, responsible childcare services to ensure that their children are well taken care of while adults in the household work hard to earn a living. Before starting a...
Tax season is over (for most of us). So, what’s next for business owners and professional advisors with business clients? With so much disruption and distraction this year, you may have fallen behind keeping up with compliance for business licenses, permits, and...
Are you distancing yourself from relationships, feeling a loss of personal accomplishment or just overall suffering from emotional exhaustion? You could be on the dangerous road to CPA burnout. Whether your accounting firm is just starting out or growing by leaps...
This year, Pennsylvania retired its decennial report requirement and now requires many business entities to file annual reports. Going from reporting every ten years to every year is a result of the 2022 Act 122, which Governor Tom Wolf signed into law on November...
It has been a rough few years for businesses across the country, but especially so for small businesses. From inflation to tariffs, companies of all sizes have had to close some or many of their locations. Whether you’ve had to close down entirely or shutter...
What Is Piercing the Corporate Veil? A corporate veil, the legal shield of separation between a business and its owners, helps to protect individuals from being held personally liable for their company’s debts and legal disputes. Businesses formed as a Limited...
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