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.
Read MoreLearn straightforward ways to understand and manage labor costs for small businesses, guiding you toward smarter financial decisions with expert insights.
Read MoreDiscover 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.
Read MorePatrick Accounting is your dedicated partner for expert tax assistance and comprehensive financial support for small business owners. Our proactive approach and transparent pricing ensure compliance, peace of mind, and the ability to make informed, successful decisions. Schedule a conversation with us to explore how we can help you achieve your financial objectives.
Read More“How should I set up my multi-location restaurant group?” We encounter this question frequently. Or sometimes, it’s the classic, “My brother-in-law absolutely insists I should become an S Corporation.” Now, before we delve into the intricacies of business structures, let’s consider how much wisdom your dear brother-in-law could really have… he did get married to…
Read MoreWhen I started my business, I wasn’t concerned about my retirement plan. I was really only thinking about how I could pay my employees, cover my home mortgage payment, and have food on the table for my family. You know, the basic necessities of life. After a couple of years, was able to hire more…
Read MoreYou’re a new business owner. It’s thrilling and a bit overwhelming, I imagine. This is my 20th year in business and I still remember those early days like it was yesterday. There was so much I didn’t know, but I was ready to work hard and learn from others in order to be successful. I…
Read MoreWhat keeps you up at night? For most small business owners, it’s taxes. There are many pulls on an owner’s time and attention, but I would venture to guess that income taxes is one of the biggies that need to be better understood by most. Lack of understanding naturally creates anxiety and fear about this…
Read MoreIn the intricate world of business ownership, one topic that frequently puzzles entrepreneurs is employment taxes. With its complex regulations and financial implications, understanding the ins and outs of employment taxes is paramount to ensure compliance and financial stability. In this article, we will discuss how to navigate these complexities so you can have peace…
Read MoreUnderstanding how to pay yourself as a business owner can be perplexing. When I started my business in 2003, I faced the same dilemma. Having worked in public accounting, I was accustomed to dealing with large businesses but not being the owner myself. Transitioning from receiving a paycheck to being the one writing the checks…
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