Smart Business BLOG

Made for sharp business minds—who want clarity, not clutter.

From compliance and payroll to planning for growth, we break down complex topics that shape the decisions behind how you run, invest in, and grow your business.

Smarter business starts here.

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Update: BOI reporting requirements for your business

Beneficial Ownership Information (BOI) Reporting Update

As we close Q1 we wanted to provide an update on this new reporting requirement as required by FINRA. Recently, a federal district court in Alabama...

small business accounting business strategy

Understand its benefits, requirements, and cost-saving potential of Worker's Compensation Insurance.

What is Workers' Compensation?

At its core, workers' compensation protects employees from injuries and illnesses that occur while working at their place of employment. Regardless...

payroll + hr + compliance insurance business strategy

Understand your balance sheet and make informed decisions for your business.

The Importance of Understanding the Financial Statement Balance Sheet

Understanding the ins and outs of the financial statement balance sheet can seem daunting. Whether you're a business owner or simply interested in...

small business accounting

Pass through entity taxation cans save business owners thousands.

Understanding Pass-Through Entity Taxation: Save Thousands in Taxes

Pass-through entity taxation is a concept that might sound complex at first, but it's actually a game-changer for small business owners. In this...

tax strategy automotive repair

Learn key tips and strategies to maximize your profit when selling a small business.

What to know before selling a small business

Are you thinking about selling your business? If retirement is on your horizon, you're not alone. At one time, many small business owners are...

small business accounting restaurant business strategy automotive repair

Boost sales and revenue for your small business with these 5 powerful strategies.

5 Tips to Increase Sales and Revenue for Small Businesses

Sustainable small business growth doesn't happen by chance. The most successful business owners clearly define their goals, create a plan, actively...

business strategy

Learn how to comply with the beneficial ownership information reporting requirements and prevent financial crimes in your small business.

Demystifying BOI: Guide to Beneficial Ownership Information Reporting

Many small business owners may feel overwhelmed at the thought of yet another reporting requirement. However, BOI, or beneficial ownership reporting...

tax strategy business strategy

Make the Most of End of Year Bonuses for Your Employees

Year-end planning is focused on reducing taxable profit. One popular way to reward employees and mitigate taxes is by issuing year-end bonuses. ...

payroll + hr + compliance tax strategy

Maximizing Depreciation for the Best Tax Position

When it comes to maximizing depreciation deductions before the end of the year, timing is critical. It's important to start thinking about this well...

small business accounting tax strategy

Differentiating between good and bad debt can help you make informed decisions to safeguard your financial health.

Managing, Reducing and Controlling Debt

Debt can be a double-edged sword when it comes to its impact on a business. It has the potential to either propel a company towards success or plunge...

small business accounting tax strategy

Itemizing and strategic planning are key for maximizing tax benefits of charitable donations.

How Charitable Donations Impact Tax Deductions

When it comes to charitable donations, there are various ways businesses can approach it. One common question is about providing services to...

tax strategy

IRS announces new income tax brackets for 2024

It might seem like a long way off, but where tax planning is concerned, earlier is better. To help us get a get a jump on our tax planning for 2024,...