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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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Every business owner knows that juggling finances can quickly turn into a full-time job. Between tracking payments, handling payroll, and staying prepared for tax season, the numbers never stop. When every dollar, transaction, and report matters, you need a powerful way to stay on top of it all. QuickBooks gives you that power by putting…
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Breathe a sigh of relief—another tax season is behind you. But when you’re running a business, the post-tax season isn’t the end of your financial planning for the year; it’s an opportunity to lay the groundwork for a smoother, more strategic year ahead. The information gathered during tax season is gold for making smarter decisions…
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Effective budget planning is the foundation for any thriving small business, especially approaching the new year. It gives you a blueprint for financial health and helps you make informed decisions about your resources. However, many small businesses find budget planning overwhelming, especially without dedicated financial expertise or the right tools. To simplify the process, we’ve…
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Prepare for a successful 2025 by revisiting your financial strategies in Q4 2024. Explore key tax planning tips and financial strategies to build a solid foundation for the future.
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In the wake of Hurricane Helene, our hearts go out to everyone in the Augusta community navigating the aftermath of this devastating storm. At SME CPAs, we want to extend our support and provide clear guidance on the relief funding and disaster assistance available to you, as well as potential tax implications. We understand how…
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As of 12/26/2024, the BOI Reporting Deadline has been temporarily suspended. More info on changing regulations can be found here: https://fincen.gov/boi The clock is ticking for over 32 million businesses as they prepare to meet the Beneficial Ownership Information (BOI) reporting requirements. These regulations, introduced by the Corporate Transparency Act (CTA), are designed to prevent financial…
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You’re ready to launch your dream business, but are your financial skills up to the challenge? Financial literacy isn’t just a buzzword—it’s a key building block for any successful business. Without a solid understanding of financial concepts, even the best business ideas can stumble. By getting a handle on financial literacy, you set yourself up…
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