CATEGORIES

SME CPA BLOG

A home office, a tax deductible expense for self-employed individuals

Ask a CPA: How to Calculate Your Home Office Tax Deduction

April 21, 2026

Wondering how to claim a home office on your taxes? Learn how with our guide to eligibility, calculation, and smart tax strategies.

Read More

2026 SALT Cap: Is the Georgia PTET Election Right for You?

April 13, 2026

The 2026 SALT cap increased to $40,000, but high earners face a hidden trap. Learn why the Georgia PTET election could still be your best tax strategy.

Read More

CSRA Construction Accounting: GA & SC Sales Tax

April 2, 2026

Quick Summary Crossing State Lines: Buying supplies in one state and using them in another triggers a use tax. The Register Is Not the End: Paying sales tax at the checkout counter rarely settles your tax bill. You owe taxes based on the state where the materials are actually installed. The Audit Trap: If South…

Read More
An MRI machine, medical equipment that can be deducted 100% with 2026 tax regulations.

Medical Equipment & Taxes: A Strategic Depreciation Guide for 2026

February 9, 2026

Key Takeaways: Medical Equipment Tax Strategy 2026 100% Bonus is Back: OBBBA (July 2025) permanently reinstated 100% Bonus Depreciation for assets purchased after Jan 19, 2025. The “Georgia Gap”: Georgia generally rejects Federal Bonus Depreciation (requiring a tax “add-back”) but accepts Section 179. For many local practices, Section 179 may be the superior tool to…

Read More
Bookkeeping tasks being performed by a CPA on a laptop

The Real Cost of DIY Bookkeeping (And When to Outsource)

December 3, 2025

As a business owner, you’re used to wearing many hats. From marketing to operations, you do it all to keep your company moving forward. One of those hats is often that of the bookkeeper. While managing your own books might seem like a smart way to save money, it can carry hidden costs that affect…

Read More
A professional calculating business tax deductions

The Top 5 Tax Deductions Most Businesses Miss

October 30, 2025

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,…

Read More
A man calculating business valuation for the sale of a business

The Seller’s Guide to Business Valuation: How to Value a Small Business

October 30, 2025

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…

Read More
A business leader prepares his business succession strategy

Why Every Business Needs Succession Planning

September 17, 2025

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…

Read More

Must-Ask Questions for Your CPA Q3 Review

August 15, 2025

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…

Read More
A small business tax professional managing multi-state tax compliance

Navigating Multi-State Tax Compliance for Small Businesses 

July 17, 2025

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…

Read More