In April of 2025, President Trump announced a 10% tariff on all countries, plus a higher reciprocal tariff on select countries with large trade deficits. Although Trump announced a 90-day pause on reciprocal tariffs on April 9 (except China, who now has a 145% tariff), one important question remains: How do tariffs affect small businesses?
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Operations - Tips, Training, and News
What Does An Accountant Do? Behind-the-scenes Business Heroes
You may know accountants are experts at crunching numbers, and that their knowledge could be useful to your small business. But, you may not be aware of everything an accountant brings to the table. What does an accountant do, exactly?
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BOI Reporting No Longer Required for Businesses Created in U.S.
BIG NEWS: On March 21, 2025, FinCEN announced that all domestic reporting companies—businesses created in the United States—are exempt from the requirement to report beneficial ownership information (BOI) to FinCEN.
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How to Calculate Weighted Average (and Why It Matters in Business)
From inventory valuation to sales forecasting, there are plenty of times you may need to calculate a weighted average in your business. And you don’t have to be a mathematician to find it. Learning how to calculate weighted average is a relatively easy process.
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2025 Sales Tax Holiday Dates: Ready, Set, Go! Mark Your Calendars
For business owners in most states, collecting and remitting sales tax is part of the job description. But on select dates throughout the year, your customers can take advantage of a sales tax holiday.
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What Is an IPO? The Process of Going Public
At some point, you may consider going public if your business is private. When you “go public,” you go through an IPO process. So, what is an IPO? Read on to learn the ins and outs of an IPO, what the process entails, and the pros and cons of going public.
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What Are the Three Golden Rules of Accounting?
You might have heard of the Golden Rule in life: Treat others as you want to be treated. But, did you know that there’s also a golden rule for accounting? In fact, there are three golden rules of accounting. And no … one of them is not treating your accounts the way you want to […]
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2025 Common Tax Scams: IRS “Dirty Dozen” Highlights
Tax scams are afoot in 2025. Are you prepared? The IRS compiles an annual list of common scams known as the “Dirty Dozen” list to help taxpayers navigate threats.
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How to Use Life Cycle Costing
When you run a small business, every little cost counts. Making poor purchasing decisions can put an unnecessary financial burden on your business and lower your company’s bottom line over time. Before you purchase new assets for your business, practice life cycle costing.
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How to Create a Small Business Growth Strategy
Getting your first sale from business is a great milestone to accomplish. Once you have a steady stream of customers, it’s time to start thinking about growing. With a solid growth strategy, you can take your business to new heights.
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