SME CPA BLOG

With much of the year already behind us, now is the perfect time to check in with your CPA or CFO team. Together we can see how your current financial status compares with projections set for the year. Whatever challenges or successes you’ve met in 2023, our team at SME CPAs is ready to find…

To you, the value of your business is the blood, sweat, and tears you’ve put into its success. A formal business valuation puts that hard work into an analysis potential buyers, partners, and investors can understand. Learn the best methods for conducting a business valuation and how to know when your company needs one.  What…

As a kid, you saved quarters to buy a new toy. Now you’re saving for bigger things like a house, college, or the rest of your life. Saving as an adult gets complicated quickly. Here’s what to know for building the best savings or investment plan for you. When is the right time to start…

Times of transition can be expected or sudden. Either way it’s important for your business to have a succession plan in place for when the moment comes.  What is a succession plan? Answered simply, a succession plan covers who will fill leadership positions when the time comes for retirement. But a properly built succession plan…

Small business owners are uniquely tied to the success of their business. This can be incredibly rewarding or incredibly precarious should something go wrong. Inventory damage, interrupted operations, even cyber security are all viable threats that could impact your future. That’s why it’s imperative to have the right financial plan in place, protecting you, your…

Receiving an IRS notice can be scary. The good news is most notices and letters can be quickly resolved through the correct steps. Knowing what to expect and best practices for responding to the IRS will prepare you for the most common notices and more. Read, respond, and pay According to the IRS, there are…

Managing sales and use tax is complicated for any business, especially when you’re starting out. Whether your business runs out of South Carolina or Georgia, this resource will show you how to collect and pay sales and use tax throughout the year. That way, you’re not met with a painful and unexpected bill at the…

When filing annual taxes, many individuals and families realize their withholdings are incorrect and need to be updated. Knowing when and how to update your tax withholdings is essential for avoiding future tax liability, potential penalties, or accidentally paying more in taxes than you should throughout the year. What exactly are my tax withholdings? Whenever…

We are proud to offer SafeSend Returns to our clients as our secure, electronic tax return delivery system. Learn more about viewing and completing your tax return package. We are pleased to offer SafeSend Returns to our clients as a secure, electronic tax return delivery system. The client-friendly interface walks you through a guided process…

As 2022 tax deadlines quickly approach, SME CPAs has put together a year-end overview regarding your personal, business, and investment tax needs. In addition to that full summary, we’re highlighting a few must-know deadlines and tax strategies to use in the upcoming months. Meet with your tax professional soon for a more in-depth discussion of…