Blog
Florida Passed a Law Requiring Businesses to Submit New Hire Information for Independent Contractors. Will Texas be Next?
In June, Florida Governor Rick DeSantis signed a Bill into law that requires businesses to submit new hire information to the state’s Department of Revenue. The law will go into effect on October 1, 2022, and will require businesses that pay an independent contractor...
When does the IRS Say a Hobby Becomes a Business?
With the growing number of people turning their hobbies into businesses, it’s important to understand when the Internal Revenue Service (IRS) classifies a hobby as a business. As a business, you can make deductions for expenses and you have the chance of taking a loss...
An Accounting Methods Rundown for Richardson Businesses
Before I get into accounting methods basics today (a subject near to my heart) … I hope you were able to get in on some Memorial Day activities this past weekend (though I know some Richardson business owners are in the thick of things during this commemorative...
Making the Most of Your Richardson Business’s P/L Statement
In the arena of not-so-good news, along with so many other things these days, it looks like IRS interest rates have gone up for Quarter 3. Inflationary insults to injury for Richardson business owners. These days are getting tougher. Hang in there. Now … the one...
Tax Debt Options for Richardson Owners
For the majority of Americans, tax season is done and gone. The return has been filed, the refund received, and all the paperwork tucked away securely in cloud storage. But for several million people each year including some Richardson taxpayers, the annual dance with...
BFG Tax Help’s Guide to the Profit and Loss Statement
As a small business owner, you’re often preoccupied with all the things that go into running your Richardson business – the daily logistics, managing employee workflow, paying the bills, bringing in more customers… making a profit. Let’s focus on that last one, shall...
Three Financial Statements Richardson SMBs Need To Get Right
If you’re a successful Richardson business owner in this high-pressure time, you’ve learned to master the art of the pivot. Pivot on pricing, pivot on operations, pivot on hiring, pivot on supply, pivot on financials... Successfully pulling it off is impressive –...
How Richardson Businesses Can Stay on Top of Payroll Taxes
We all have to pay our fair share of taxes. It’s a reality we just can’t escape. But sometimes people try. Missed deadlines or membership in the payment avoidance club are not helpful ways to deal with mounting tax debt. Eventually, we all have to face the music,...
Customer Relationship Management Software for Richardson Businesses
Apparently, it is National Small Business Week. And while I tend to think these kinds of “national weeks” or days, or what have you, are often pretty silly … well, as someone who has been in the trenches with the SMB community over the last few years, I could not be...