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.

Join for the insights. Stay for the “oh, that actually helped.”

A small business owners get some of the best advice from her accountant.

Need advice? Why an accountant might be the best advisor you aren’t using (yet)

Running a small business is hard. While some decisions might be easy, there are so many times when it feels like just a little bit of advice from...

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It's important to have an accounting team that understands your business and your goals and that you feel confident that we're here to help you succeed.

What we do together in the first 90 days

Typically, when you have a new accountant, they employ the SALY (Same As Last Year) method. Meaning, they look at what was done in the past and try...

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The Profit First method puts profit before expenses.

Why we’re a pro Profit First CPA firm

Most CPA firms don’t encourage the Profit First model, here’s why we do. Profit First is a book written by Mike Michalowicz on how to properly budget...

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Illinois Minimum Wage is increasing January 1

Illinois Minimum Wage is increasing January 1

Effective January 1, 2023, the minimum wage in Illinois will increase for tipped and non-tipped employees.

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Midwest winters often mean more auto accidents. Keeping a cool head after an accident can keep everyone safer.

5 ways to stay safe after a winter car accident

The days are short. The air is cold. And the roads are often slick with rain, snow, or ice.

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Plan with your accountant throughout the year—rather than waiting until end of year—to reach your goals and avoid unwanted surprises.

Why you shouldn’t wait until ‘crisis mode’ to hire an accountant

Tell us if you’ve heard this one before. It’s February (or maybe even March), and you’re scrambling to get some poor, beleaguered accountant to get...

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An accounting firm that takes a comprehensive approach to your business can help keep you focused and on the path to creating your dream business.

What does your accounting firm actually do for you every month?

Hiring an accounting firm is one of the smartest things you can do for your business. At least that’s what people say, but is it true? What do those...

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A payroll provider ensures your people get paid accurately and on time gives you peace of mind. Properly-paid employees are happy employees.

It’s time to outsource your payroll, here’s why

You have a lot of faith in your accountant or accounting firm. As you well know, an in-house bookkeeper has a lot on his or her plate — adding...

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ERC, a tax credit that encouraged business owners to keep employees on payroll during the pandemic, has helped many businesses survive the last few years.

What you need to know about the Employee Retention Credit in 2022

The Coronovirus Aid, Relief, and Economic Security (CARES) Act contains a business relief provision known as the Employee Retention Credit (ERC), a...

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Pass-through entity (PTE) taxation can help counter negative implications of the cap on itemized SALT (state and local tax) deductions.

How to use the pass-through entity tax in Wisconsin or Illinois

The Tax Cut and Jobs Act of 2017 had many long-ranging implications, but perhaps none more significant than its effect on itemized deductions and how...

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It's important to get your payroll right. Calculating overtime in a bi-weekly pay cycle can add another layer of complexity, but there are tools to help!

How to calculate overtime in a bi-weekly pay cycle for Wisconsin and Illinois

A common question we hear from our clients is how to calculate overtime in a bi-weekly cycle. That’s because overtime is calculated in Illinois and...

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How to pick an insurance carrier for your small business

How to pick an insurance carrier for your small business

You have a ton of responsibility as a small business owner, but there’s one thing that often gets lost in the shuffle when you’re starting out that...

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