by PSA CPA | Oct 9, 2025 |
1. Mixing Business and Personal FinancesThis is perhaps the most fundamental and frequent error for sole proprietors and small businesses. Using your personal bank account for business expenses or vice-versa creates a MESSY financial picture that’s nearly...
by PSA CPA | Aug 6, 2025 |
Top 7 Mistakes Startups Make with Their Finances (and How to Avoid Them) Launching a startup is exciting—but for many entrepreneurs, managing the financial side of the business can quickly become overwhelming. Without a solid financial foundation, even the most...
by PSA CPA | Jul 28, 2025 |
As a business owner, staying compliant with ever-evolving tax regulations is critical—not only for avoiding penalties but also for optimizing your financial health. The IRS has introduced several new tax regulations this year, and understanding how they impact your...
by PSA CPA | Jul 28, 2025 |
Benefit LLCs: A Smart Choice for Socially Driven Business Owners By PSA CPA Accounting Firm For today’s entrepreneurs, success means more than just profits. Many business owners are looking for ways to make a positive social or environmental impact while still running...
by PSA CPA | May 1, 2023 |
There are several parallels between being self-employed and owning a small business. For instance, both empower you to be your own boss! However, when it concerns filing taxes and reporting company revenue, your official business classification might signify quite...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…