In this topic, I'm going to talk about gross income delusion and how it can skew your judgment of your financial situation. I'm going to show you exactly what it is, and how it affects individuals and businesses. Most of us have heard the term “gross income”, but many of us don’t really understand what … Read more
In today's episode, we will recap the regular filing season and the year-round approach to taxes that most practitioners have. Taxes are a complicated yet essential part of life. An accurate and timely filing of taxes is important for a variety of reasons. Using a regular filing season, the Internal Revenue Service (IRS) provides the … Read more
Filing taxes is a daunting process, especially if you're filing for the first time. It's even more difficult when you find yourself unable to meet the April 15th deadline. But don't panic – you can still make it right. The IRS allows taxpayers to file for a tax extension, which gives you an extra six … Read more
Running a business can be a rewarding but overwhelming experience. It can also be a balancing act between managing the day-to-day tasks and keeping an eye on the bigger picture. To be successful, you need to wear multiple hats. But how do you know if you’re wearing too many? Knowing when you’ve taken on too … Read more
Strategies for Growing Your Small Business and Reaching Your Goals Starting a small business is an exciting and challenging endeavor, and the most successful ones require a strong foundation and effective strategies for success. Knowing the right steps to take can help you grow your small business and reach the goals you have set for … Read more
A cash flow statement is an essential financial document used to analyze the financial health of a company. It’s a critical tool for investors, lenders, and other stakeholders to assess the company’s ability to generate cash and use it to pay debts and other obligations. Understanding how to read and interpret cash flow financial statements … Read more