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Cherie Larson
Jun 25, 2024
Understanding the New FLSA Rules for Exempt Employees
A Guide for Small Business Owners As a small business owner, staying informed about changes in labor laws is crucial but ensuring...
Cherie Larson
Sep 1, 2023
Fall Financial Planning
Ah, fall is in the air—when pumpkin spice lattes make their debut and colorful leaves hint at cooler days ahead—even if the temperature...
Cherie Larson
Jun 22, 2023
Smooth Sailing: How to Stay on Top of Estimated Tax Payments
One of the biggest surprises many business owners have is realizing they owe a large amount of tax on April 15 based on their business...
Cherie Larson
May 3, 2023
Life After Taxes: What to Do After Tax Day
The April 15th (or 18th!) tax deadline has passed, and it's time to take stock of your financial situation. Whether you have already...
Cherie Larson
Apr 21, 2023
A Tax You Might Be Missing
Most business owners are aware they may need to collect and remit Sales Tax to the state they are located in, as well as other states...
Cherie Larson
Dec 15, 2022
The New 1099-K
LATE BREAKING NEWS...THIS HAS BEEN POSTPONED UNTIL 2023!!! So be proactive as a business owner! Many businesses and individuals will be...
Cherie Larson
Nov 30, 2022
Sales Tax Reporting
Sales tax is the most confusing tax issue that is a day-to-day concern for small (and large) business owners. Getting sales tax wrong and...
Cherie Larson
Nov 30, 2022
Time for 1099 Planning
Time for 1099 Planning The IRS needs you ... to make sure others are reporting their income correctly. There can be penalties for your...
Cherie Larson
Oct 25, 2022
Owner Draws. Distributions. Dividends. Bonuses. Oh My!
Historically, business owners pull money out of their business at year-end. They have many reasons for the timing but often wait to see...
Cherie Larson
Oct 7, 2022
The Truth, the Whole Truth, and Nothing But the Truth.
We hear this phrase on TV courtroom dramas, but it really applies to small business owners preparing their financials and tax returns....
Cherie Larson
Oct 7, 2022
Prepare for the worst. Hope for the best. IRS Edition.
With the passage of the Inflation Reduction Act, there is new concern that your business could be audited. While the risk of an audit is...
Cherie Larson
Aug 2, 2022
Preparing for Inflation & Recession As a Business Owner
Inflation and recession. Words you hear everywhere right now. Where does this leave you as a business owner? How do you prepare for the...
Cherie Larson
Jun 13, 2022
Owner Pay & Taxes
One of the least understood aspects of being a small business owner is related to pay and income taxes. Often, this is due to not knowing...
Cherie Larson
May 17, 2022
Monthly Closing Reports
Questions to ask yourself: Do you hate the flurry of activity to get your business reports to your tax advisor each year? Are you even...
Cherie Larson
Apr 28, 2022
What can you, as a business owner, do to lessen the blow next year?
As we move into May, many owners are glad. April can be a difficult month for business owners financially. Many business owners have...
Cherie Larson
Apr 14, 2022
Taxes don’t have to be taxing!
Did your CPA just finish your taxes and ask you to sign? Does it make you cringe a little to sign because you have no idea if it’s really...
Cherie Larson
Apr 22, 2021
Paying Taxes on the Wrong Numbers
Did you know your tax advisor may not go through all of your transactions for the year to ensure accuracy?
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