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Every business owner wants to minimize their tax liability, but even the most diligent among us can miss out on valuable deductions. While you probably have the big deductions like employee compensation and rent under control, it’s easy to overlook smaller expenses that could save you money. These commonly missed tax deductions might seem minor,…
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Deciding to sell your business is a huge step, often marking the culmination of years of hard work and dedication. But before you can hand over the keys, there’s one crucial question to answer: “What is my business actually worth?” Getting to the right number isn’t always simple, but it’s essential for securing a fair…
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As a business owner, you live and breathe your company. You’re focused on the day-to-day wins, the next big project, and this quarter’s numbers. But what about the long game? What happens to the business you’ve built from the ground up when it’s time for you to step away? The best way to get ahead…
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As we dive into the third quarter, it’s a great time to hit pause and take a good look at how your business is doing. Setting up a Q3 review with your CPA can give you a clearer sense of direction and help prepare you for a strong close to the year. If tax changes…
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Taking your small business across state lines is a big step, and an exciting one at that! But it also brings new challenges, especially when it comes to taxes. Maybe you’ve just opened a second shop or you’re shipping your products to customers in other states. Suddenly, new tax questions pop up, and compliance can…
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When you’re working on a financial strategy, understanding fair value vs. book value is key to making smart decisions. These two terms might seem alike, but they describe different ways to look at your assets, liabilities, and overall financial health. Knowing when to use each can help any business, especially in industries like construction where…
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Ask any real estate professional, and they’ll tell you the industry’s financial side can get overwhelming fast. Between tracking expenses, keeping up with taxes, and understanding depreciation, it’s easy to feel like you’re in over your head. But the good news is you don’t have to figure it all out on your own. Working with…
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Running a construction business comes with challenges at every turn, but one area that often trips up even the most hands-on owners is tax planning. Taxes for contractors and construction firms are far from straightforward—they’re layered, nuanced, and can be much more complicated than standard business taxes. The rules around deductions, accounting methods, and cash…
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Small businesses thrive on trust and teamwork, but even the best-run businesses need systems in place to stay secure. Without the right safeguards, your finances could be at risk from fraud, errors, or mismanagement. That’s exactly why internal controls are so important. They help you spot risks early, keep your operations running efficiently, and protect…
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Running a construction company is no walk in the park. Between juggling complex projects, sticking to regulations, and keeping costs in check, there’s a lot on the line every day. One thing that can make it all a bit more manageable? A well-done audit. If you’re in the construction industry in Georgia, understanding how audits…
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