Small business is the backbone of the United States Economy. Small businesses comprise 99.7% of U.S. Employer firms, responsible for almost two-thirds of new private sector jobs, and half of the private sector employment, payroll, and output.

Small business owner opens business

At the core of the American Dream was coming to America, starting your own business, buying a home, and raising a family. If the “chief business of the American people is business” as President Calvin Coolidge said, than the chief growth of business is the entrepreneur.

While not as flashy as the venture-capital backed startup, owner operated businesses employ many people, and create income and wealth for their owners. Whether an attorney with a small law firm, a doctor in private practice, or a restaurant owner, business owners need help with managing areas of bookkeeping, financial planning, and payroll.

Most of our clients are business owners, and we manage all of their financial affairs related to the compliance and tax obligations. This is important because most of these companies are organized as LLCs or S-Corporations, which are forms of pass through entities. It is impossible to engage in tax planning or strategy without seeing a holistic picture of your income and net worth.

Payroll often presents a huge problem for owner-operated companies. If taxed as a partnership, you often are not permitted to run payroll for the owners. If taxed as an S-Corporation, it is often required that you run payroll. These areas of taxation are straightforward, but the penalties for non-compliance are unreasonable, so it is important that you work with a CPA that understands you and your situation.

Being a Woman in Finance

By |2021-06-08T13:49:26-04:00June 7th, 2021|Categories: Quickies with Bette|Tags: , , , |

Hi, I'm Bette Hochberger, CPA, CGMA. And on today's Business Quickie, I'm going to talk about my experience as a woman in finance. If you watch one of my other videos, I talk about my educational background. I went to engineering school, and there are more men in engineering than women. That's just kind of how it goes. I've always liked math. So that's always pointed me in a direction that would be in a more male-dominated field.

April’s Job Report & Twitter

By |2021-05-10T08:23:13-04:00May 7th, 2021|Categories: Other Perspectives|Tags: , , |

April's job report was released today and shows an increase of 266K jobs filled; unfortunately, this is far below the 1 million jobs that economists predicted. With this new information, America's recovery from the pandemic is more uncertain than ever. People are questioning their allegiance to these economists while debating our leadership's policies. As you can imagine, this news has caused an uproar on Twitter; using the trending tag #JobsReport, #Unemployment, and #+266k will bring you to the front of the action. Today's social media round-up will show both sides of the argument. Let's begin.

The Go-Giver – Video

By |2021-05-27T18:10:57-04:00April 23rd, 2021|Categories: Business Book Club|Tags: , , , , , |

"The Go-Giver: A Little Story About A Powerful Business Idea" by Bob Burg and John David Mann. This month's book club was inspiring because we were unexpectedly blessed with the presence of one of The Go-Giver's authors, John David Mann, and his wife, Ana. John David Mann reached out to us on Twitter after seeing one of our posts about book club and offered to come on.

SBA Information Round-Up

By |2021-04-12T14:23:39-04:00April 12th, 2021|Categories: #FinanceFriday|Tags: , , , , |

Hey, everybody. Happy Friday. I'm Bette Hochberger, CPA, CGMA, and we have a special finance Friday for you today. We're going to change things up a little bit, and we're going to do an SBA Roundup because there's been a lot going on with the SBA, in case you haven't been paying attention.

PPP Second Draw

By |2021-03-01T22:08:15-05:00February 2nd, 2021|Categories: Deadlines and Updates, Deeper and Longer with Bette|Tags: , , |

Welcome back to Finance Friday. I've been getting a lot of questions about the PPP second draw by clients and business owners and lots of curious people so I figured it would be great to go over what the PPP second-draw looks like and try to answer some FAQs that I've been getting and explain a little bit about this program.

Go to Top