SME CPA BLOG

Accounting and tax planning for restaurants and hospitality groups comes with unique challenges. Knowing your field’s financial opportunities, pitfalls, and how to find the right CPA will help you overcome the top challenges businesses like yours are facing today. Key tax and accounting strategies for restaurants and hospitality businesses Before you can tackle your business’s…

Everything You Need to Prepare for Taxes Did you know that approximately one third of Americans delay tax preparation each year? Many say that the task is too time-consuming and can be stressful. You can speed up the process and decrease stress by getting a jump-start on gathering the information and documentation you need to…

As January approaches, ways to ensure financial stability in the new year are a must-have. Not only does this mean investing in best business practices, but keeping up with laws and tax codes that could effect your company’s liability. These accounting and tax planning tips will help your business get off to a strong start…

As the year comes to a close and tax season approaches, it’s an important time to review your business’s finances. Planning ahead now can save you money and stress down the road. Here’s a checklist of important tax planning and financial steps to take when preparing for the new year. 1. Review the past year’s…

As a small to medium-sized business owner, you wear many hats. You are the salesperson, the marketer, the product developer, and sometimes even the janitor. With so many responsibilities, important tasks can fall by the wayside. Despite how crucial it is to your business’s success, accounting is often one of those tasks. Not only does…

Construction businesses deal with a particular set of financial challenges, often beyond their own control. Smart companies must learn how to evade pitfalls like poor job estimation, while best managing unavoidable situations like inflation and change orders. A keen eye out for the most common stumbling blocks in accounting for construction will keep your company…

As a business owner, it’s important to understand how capital expenses and their subsequent depreciation can affect your business. Both capital expenses and depreciation are tax deductible, which can save you money come tax time. However, it’s important to know the difference between the two and how they can affect your business. What are Capital…

The early days of establishing a new business are full of excitement and to-do lists. There are many tasks that have to be taken care of to get a new business off the ground, but one of the first decisions – and sometimes most impactful- you will make is about the structure of your business.…

Medical professionals often struggle with financial management. This is due to the specialized nature of their work and the unique challenges it presents. That’s where a CPA who specializes in accounting and tax services for healthcare professionals comes in. At SME CPAs, we have a team of experienced CPAs who understand the intricacies of accounting…

When you’re ready to take the step of entrusting the financial management of your business to someone else, you want to make sure you take the right step. For some businesses, that might mean hiring their own CFO as a full-time member of the team. For others, finding a trusted CFO Services partner that can…