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.

Accounts Receivable – Video

By |2021-10-20T19:31:01-04:00October 20th, 2021|Categories: Quickies with Bette|Tags: , , , , |

Hi, I'm Bette Hochberger, CPA, CGMA, and today we're going to do a little bit of a laser focus on a helpful report in QuickBooks called the accounts receivable aging report. So watch the video below to see a walk-through. we're going to look at an "accounts receivable aging report."

Tax Deadline is Tomorrow | 9/15 – Video

By |2021-10-01T14:54:10-04:00September 14th, 2021|Categories: #TaxTipTuesday|Tags: , , , |

Hi, I'm Bette Hochberger, CPA, CGMA, and you're concise tax tip Tuesday today is that tomorrow is September 15th is the S-corporation, the partnership, LLCs that are taxed as a partnership. It is your deadline. If you are still working on your stuff, your CPA is very mad at you.

Employees VS Contractors | Labor Day

By |2021-09-06T12:23:58-04:00September 6th, 2021|Categories: Quickies with Bette|Tags: , , , , , , , |

It’s #BusinessQuickie, and I want to come on here and tailor this go-live to our small business owners who want to know the difference between contractors (1099) and employees (W-2) so that you can find which employee fits best with your business. I figured this would be a great topic since labor day is coming up on Monday! Let’s get started.

Meals, Entertainment, & Tax-Deductions

By |2021-07-07T12:57:14-04:00July 7th, 2021|Categories: Quickies with Bette|Tags: , , , , , , , , |

Hey, guys, happy Wednesday. We're going to hop on with a little business quickie about meals and entertainment because this is a tricky area for a lot of business owners. I know everyone wants to write off every meal possible that they ever have as a business expense and, unfortunately, can't always do that.

Appearance. Does it Matter in Business?

By |2021-07-02T16:37:03-04:00July 2nd, 2021|Categories: #FinanceFriday|Tags: , , , , , , |

Join Samra and me while we explore why appearance matters in business. Hello, happy Friday. Happy Finance Friday. I'm Bette Hochberger, CPA, CGMA. And today, I have my fantastic friend who keeps me looking great and young. Since last night, people said to me, why do you look so young? And I'm like, Samra. Samra Vogel, an independent Mary Kay salesperson for over 20 years, and is fantastic. I'm sure she has many pink cars, which is cool too. Watch the video below to learn more!

Your Start-Up Business Needs A CPA

By |2021-06-29T13:20:20-04:00June 29th, 2021|Categories: Quickies with Bette|Tags: , , , , , , , , , |

Hi, I'm Bette Hochberger, CPA CGMA, and on today's Business Quickie, we're going to talk about six reasons why your startup needs a CPA. Now, I can tell you all sorts of horror stories, and I'm sure you find anyone who started a business. They can also probably tell you many horror stories about not having the right professionals on board, not having an attorney, not having a CPA, all these things. So, if you think hiring a CPA is not worth the investment in your business; here are the six reasons why you should.

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.

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