Tax Write-Offs For Self-Employed: Don’t Forget These!

Are you among the roughly 16 million Americans who are self-employed? Surprisingly, according to a Dartmouth survey, 70.8% of Americans say they would prefer to be self-employed, yet only about 7% are. While there are advantages, particularly in personal freedom and direction, there are daunting challenges working for yourself. The pressure is always on to… Continue reading Tax Write-Offs For Self-Employed: Don’t Forget These!

Simple Ways To Prepare Your Books For Year-End

Another Pandemic influenced year is coming to an end, and it is time to clean up your books and prepare for 2022. If you have been meticulous about keeping your records up to date throughout the year, closing your books for 2021and generating accurate financial statements will be a piece of cake. But, if your… Continue reading Simple Ways To Prepare Your Books For Year-End

How To Reduce Those Outstanding Accounts Receivable

It has been a great quarter; sales are up, and new orders are rolling in. So why don’t you have enough cash to keep the business going comfortably? Most likely, the problem is an account receivable issue. Outstanding account receivables (AR) issues are normally associated with slow pay or bad debt customers, but they can… Continue reading How To Reduce Those Outstanding Accounts Receivable

Your 2021 Small Business Tax Filing and Preparation Guide

If you’re a small business owner in California, you know what every small business owner knows– that you have to do taxes. Taxes certainly aren’t fun, but they don’t have to be so hard. It may seem daunting, especially if you’re a new small business, but preparation and filing are more simple than you might… Continue reading Your 2021 Small Business Tax Filing and Preparation Guide

The ASCEND Small Business Coronavirus Survival Plan

It’s only been a few weeks of this coronavirus pandemic. But it feels like a decade since it started. Many business owners have been affected by official orders, have seen customers disappear and are fearful of their future. It’s time to start taking action and doing what we can to make it through this. To… Continue reading The ASCEND Small Business Coronavirus Survival Plan

When To Hire an Accountant for your Small Business

Imagine that you don’t have to worry about your books, your cash flows, or your taxes. Well, that’s what a good accountant will do for you. Small business owners often feel stressed over their business’ financial standing, and things start to spiral out of control from there. Put your business in a position to save… Continue reading When To Hire an Accountant for your Small Business

How to Minimize Your Small Business Taxes: It’s Time to Prepare

Tax preparation is the best way to minimize your small business taxes. Whether it is done by tax professionals or you do it yourself, you want to organize your documents and update your tax strategy, so that you can take advantage of tax policies designed to save your hard-earned profits. Business Formation and Taxes The… Continue reading How to Minimize Your Small Business Taxes: It’s Time to Prepare

Tax Smarts: Withdrawing Cash from Your Closely Held Corporation

You just closed your books on 2019 and got that tax shock. Maybe you paid too much, maybe the business had a huge tax bill. Regardless, it’s time to start planning for 2020 and minimize the double taxation that comes with a corporation. So, how can you withdraw cash from a closely held corporation in… Continue reading Tax Smarts: Withdrawing Cash from Your Closely Held Corporation

Prepare your Business Budget for 2020

We recently discussed updating your business plan for 2020. Reviewing your finances is obviously a big part of that — big enough that we thought even more attention is needed for your budget. Nearly everything you do in your business can be bounced off of your cash budget. It’s one tool that will keep you… Continue reading Prepare your Business Budget for 2020

Know Your Cannabis Taxes

Taxes. Does that kill your buzz? You don’t often hear the word ‘taxes’ in conversations about cannabis and cannabis industries. But it’s important. Just like any other tax, there are tax implications of a marijuana business. But first, let’s look into this idea of running a cannabis business. Types of Business in the Cannabis Industry… Continue reading Know Your Cannabis Taxes