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Patrick Accounting Blog

Tax Season with Confidence

Embracing Tax Season with Confidence: A Guide for Business Owners

By Kelli Lewis / April 11, 2024 / Comments Off on Embracing Tax Season with Confidence: A Guide for Business Owners

Discover how to tackle tax season with confidence. Patrick Accounting shares expert tips for business owners on approaching taxes with ease.

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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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The 10 Ideas You Have to Implement When Starting a Small Business

By Matt Patrick / May 5, 2023 / Comments Off on The 10 Ideas You Have to Implement When Starting a Small Business

When I started thinking about opening my own firm, my initial priority was to decide what specific type of work I wanted to do, and what tools I needed available to do the work. Ultimately, I wondered if I could be financially successful enough to pay my bills.  I also realized there was a bunch…

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Using the Wheel of Life to Shape Your Goals (Part 2)

By Matt Patrick / October 23, 2018 / Comments Off on Using the Wheel of Life to Shape Your Goals (Part 2)

Last week, we took a 30,000 foot view of setting and achieving goals by exploring the concept of the Wheel of Life. (in case you missed it, here you go!) It’s a great way to keep a healthy perspective on why we should even bother with all this goal-setting business. This week, let’s dive deeper…

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Why You Should Stop Setting Goals

By Matt Patrick / October 2, 2018 / Comments Off on Why You Should Stop Setting Goals

A couple of months ago, I wrote a blog about setting goals. I talked about how to set them so that you can actually achieve them. (Here’s a link to it.) Go take a look at it so you can get a running start on today’s discussion: “Why You Should Stop Setting Goals” “Wait. What?”…

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Why Every Business Needs an Accounting Team in their Corner

By Matt Patrick / June 5, 2018 / Comments Off on Why Every Business Needs an Accounting Team in their Corner

Have you watched any of the Rocky movies? If you have, then you’re familiar with the story line. In every film, Rocky Balboa, an underdog in the boxing world, faces a fierce opponent who always seems to get the better of him at the beginning. However, with the help of Mick, a steadfast team of…

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