S-corp, Partnership, or C-corp: Which is right for your small business growth?
According to the Bureau of Economic Analysis, S corporations account for 76.8% of corporations with less than 500 employees and 37.3% of corporations...
How to Grow Your Small Business Through Mergers and Acquisitions
As part of our continuing series on how to grow your small business the right way, today we look at mergers and acquisitions. Acquisitions can be a...
Managing your business growth organically
Growth should be a goal of any business. That said, not all growth is created equal. If not done correctly, it can be downright dangerous. One study...
Supply chain issues aren't always bad for auto repair shops
Why auto repair shops often benefit from uncertainty in the supply chain — and how to make sure your shop is one of them. Supply chain issues have...
How to read your financial statements as a small business owner
It’s easy to want to skip to the "bottom line" of your financial statements, but like any great story, you’ll need context for the ending to make...
How to Organize Your Auto Repair Shop Income Statement
Out of all of the important components of accounting that your auto repair shop needs to thrive in today's market, an income statement is among the...
Improve Your Tire Store Profit Margin With These Simple Steps
If you're not sure why your tire store profit margin matters, let us break it down for you: What is it? In the simplest terms, your profit margin...
Must-Have Features in an Accounting Software for Auto Shops
Accounting software for auto shops isn't just nice to have, it's a must-have. However, without adequate accounting knowledge, even the best software...
Why Shop Owners Are Outsourcing Their Automotive Payroll
In the past, auto shop owners had to create their own payroll and accounting processes from scratch. Without an established framework for handling...
7 Auto Repair Shop Tax Deductions to Save Money
Did you know that most businesses lose out on a significant amount of money each year by neglecting to take advantage of tax deductions? In fact, you...
Are You Making These Costly Auto Shop Accounting Mistakes?
Simple accounting mistakes can impact your auto shop more than you realize. Rather than having additional funds at the ready to allocate towards...
The Past, Present, and Future of Cloud-Based Accounting
Cloud-based accounting is a process in which you use an internet-based system to access your accounting from anywhere at any time. Three things are...