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Choosing Between an S Corp and LLC in Tennessee

Choosing Between an S Corp and LLC in Tennessee: A Guide to Making the Right Decision for Your Business

By Matt Patrick / April 26, 2024 / Comments Off on Choosing Between an S Corp and LLC in Tennessee: A Guide to Making the Right Decision for Your Business

Navigate the decision between S Corp and LLC in Tennessee with our comprehensive guide. Understand tax implications, pros and cons, and make the right choice for your business.

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Retirement to Fund Your Business

Should You Tap Into Retirement to Fund Your Business? An Analysis of ROBS

By Matt Patrick / April 19, 2024 / Comments Off on Should You Tap Into Retirement to Fund Your Business? An Analysis of ROBS

Explore the pros and cons of using ROBS (Rollover for Business Startups) to fund your business. Is it the right path for your entrepreneurial journey?

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9 Alternatives to Using ROBS to Fund Your Business  

By Matt Patrick / April 19, 2024 / Comments Off on 9 Alternatives to Using ROBS to Fund Your Business  

Explore nine effective alternatives to using ROBS for funding your business. From traditional loans to innovative crowdfunding, find out the best options to secure capital without risking your retirement savings. Get the insights you need to make an informed decision on business financing today.

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Small Business Taxes in Tennessee

2024 Small Business Taxes in Tennessee

By Matt Patrick / April 11, 2024 / Comments Off on 2024 Small Business Taxes in Tennessee

Explore 2024 Small Business Taxes in Tennessee and Find out if Franchise, Business, and Excise Taxes Apply to Your Business.

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Tax Advantages for Small Businesses

S Corp vs LLC: Which Offers Better Tax Advantages for Small Businesses?

By Matt Patrick / April 5, 2024 / Comments Off on S Corp vs LLC: Which Offers Better Tax Advantages for Small Businesses?

Explore the key differences between S Corp and LLC tax advantages to determine which entity structure offers the best tax benefits for your small business.

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Bookkeeping and Tax Service Challenges

7 Common Bookkeeping and Tax Service Challenges for Small Businesses

By Matt Patrick / April 5, 2024 / Comments Off on 7 Common Bookkeeping and Tax Service Challenges for Small Businesses

Discover the 7 common challenges small business owners face when outsourcing bookkeeping and tax services, and explore actionable solutions to empower your financial processes.

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Balance Sheet for Small Business

How to Understand a Balance Sheet for Small Business

By Matt Patrick / March 21, 2024 / Comments Off on How to Understand a Balance Sheet for Small Business

Break down the parts of your balance sheet to simplify and differentiate your assets, liabilities, and equity and steer your small business toward financial success. 

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Income Statement as a Small Business

How to Understand Your Income Statement as a Small Business

By Matt Patrick / March 15, 2024 / Comments Off on How to Understand Your Income Statement as a Small Business

Simplify your income statement as a small business by differentiating between profit and cash flow so you can make informed financial decisions for long-term success.

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20 Years

Reflecting on 20 Years

By Matt Patrick / December 21, 2023 / Comments Off on Reflecting on 20 Years

After 20 years, let me share with you how I started Patrick Accounting. I talk about the challenges I faced, the opportunities I seized, and the lessons I learned along the way. From starting with just a few clients to growing into a thriving practice, I discuss the ups and downs of entrepreneurship and the importance of perseverance. Join me on this journey as I reflect on the blessings and hard work that have shaped Patrick Accounting.

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Tax Planning Tips

Year-End Tax Planning Tips for Business Owners 

By Matt Patrick / December 21, 2023 / Comments Off on Year-End Tax Planning Tips for Business Owners 

Discover essential year-end tax planning tips for business owners to minimize your 2023 tax bill and prepare for a prosperous 2024. Learn to review finances, optimize deductions, and streamline processes. From maximizing retirement contributions to charitable donations, set yourself up for financial success.

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