Most small businesses that close don’t close because the idea was bad. They close because of cash flow problems, tax surprises, and financial blind spots that no one was watching closely enough. A proactive financial partner keeps an eye on those things all year, so small issues can be caught while they’re still small. Here’s […]

Payroll can be one of the more challenging responsibilities for a small business owner. Even a simple mistake can create frustration for employees and take time and money to correct. Errors involving tax withholding, deposits, or reporting can also lead to interest and penalties. And while payroll software or an outside payroll provider can make […]

Financial information is the foundation for every important business decision. Whether your goal is to improve cash flow, launch a new offering, hire additional workers or expand into a new market, accurate data enables you to make decisions confidently. A Padgett advisor can help prepare this data and ensure your business is poised to capitalize […]

Many small businesses start out as sole proprietorships. This business structure is relatively simple and inexpensive to establish and maintain. It also gives you direct access to your business profits without having to take formal distributions. However, being self-employed also means your taxes can be more complicated than they were when you were a W-2 […]