Don’t Wait Until Tax Season: 5 Year-Round Tax Strategies for Small Business Owners

If your approach to taxes starts and ends in the first quarter of the year, you may be missing out on significant opportunities to reduce your tax bill, improve your cash flow, and make smarter financial decisions.

Transforming Financial Operations: How CAAS Can Streamline Your Business

Running a business involves juggling countless responsibilities, but managing financial operations doesn’t have to be one of them. By working with a Client Accounting and Advisory Services (CAAS) professional, you can streamline your financial processes while providing actionable insights to improve decision-making. CAAS can revolutionize your business operations, through:

House Passes Sweeping Tax Bill: Key Takeaways for Individuals and Businesses

On May 22, 2025, the U.S. House of Representatives narrowly passed a comprehensive tax and spending bill, often referred to as the "One Big Beautiful Bill Act." This legislation encompasses significant tax reforms and spending measures. The bill now advances to the Senate, where it faces potential revisions and debates.

Key Performance Indicators (KPIs) Every Business Owner Should Monitor

Understanding and tracking the right KPIs is crucial for business success. With the help of a Client Accounting & Advisory Services (CAAS) professional, business owners can monitor these metrics seamlessly and identify areas for improvement.

Halfway Through the Year: Is Your Budget on Track? Here's Why it Matters More than Ever

As we reach the midpoint of the year, now is the perfect time for business owners to take a close look at their budget vs. actual performance. Monitoring this comparison isn’t just a box to check—it’s a critical step in making informed financial decisions, adjusting course where needed, and strengthening your forecasting for the remainder of the year.

The IRS Recently Announced 2026 Amounts for Health Savings Accounts

The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more in their HSAs next year.

1099 vs. W-2: Tax Implications for Freelancers, Contractors, and Employees

When it comes to employment and taxes, the distinction between a 1099 independent contractor and a W-2 employee is crucial. Each classification carries different tax responsibilities, benefits, and potential drawbacks. Understanding the implications can help you make informed financial decisions, whether you’re a worker choosing between roles or a business deciding how to classify your workforce.

Corporate Business Owners: Is Your Salary Reasonable in the Eyes of the IRS?

Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s compensation is unreasonably high or low, it may disallow certain deductions or reclassify payments, potentially leading to penalties, back taxes and interest. But by proactively following certain steps, owners can help ensure their compensation is seen as reasonable and deductible.

Sales Tax Compliance in 2025: Staying Ahead of New Rules and Regulations

Sales tax compliance continues to evolve, with new rules and regulations emerging at both the state and federal levels. Businesses selling across multiple states—whether through e-commerce or brick-and-mortar locations—must stay ahead of changing requirements to avoid penalties and costly audits.

The Critical KPIs Every Non-Profit Organization Should Track

Non-profit organizations operate with a mission-driven focus, but like for-profit businesses, they must track key performance indicators (KPIs) to ensure financial sustainability, operational efficiency, and mission impact. The right metrics can help leadership make informed decisions, attract donors, and improve program effectiveness. Below, we explore the most critical analytics and KPIs that every non-profit should focus on.