Small business owners often face a significant challenge in managing their finances effectively. While most entrepreneurs start their businesses with the expectation of earning a profit, many find it challenging to stay afloat in the long run. However, there is a solution: implementing the Profit First formula. In this blog, we will explain all the [...]
As an HHA owner, you're passionate about providing quality care to your clients. But the financial health of your business is just as important to its success. Without proper financial management, your agency may struggle to operate efficiently, grow and thrive in the industry. TSAT can help you maintain the financial health of your agency [...]
As a small business owners ourselves, we know you face tough decisions every day. From pricing strategies to operational decisions, every choice you make affects your bottom line. That's why effective management accounting is essential for your business's success. By using sound accounting practices, you can make better decisions that drive profitability and growth. What [...]
Payroll management can be a big challenge for small businesses, taking up valuable time and resources. Payroll problems can be a significant headache for small business owners. It is a complex task that requires accuracy and attention to detail. However, with the right tools and strategies, small business owners can push aside payroll [...]
Small business owners have a lot on their plates, and it can be challenging to balance financial management with other critical business functions. Here are some small business statistics 👀 According to a report by Deloitte, 75% of small business owners consider financial management to be the most challenging aspect of their business. This [...]
Tax season can be a stressful time for many people, especially for those who are not familiar with the important tax dates for filing. Knowing these dates is crucial as it ensures that you don't miss any deadlines and avoid any potential penalties For Individual Filers such as: employees, retirees, self-employed individuals, independent contractors, and [...]
Starting and running a small business can be a challenging and rewarding experience, but one of the most important decisions a small business owner must make is how to structure the company for tax purposes. One option that many small business owners consider is becoming an S-Corporation, and, in becoming an S-Corp reaping the advantages, [...]
Small business owners are often faced with the challenge of managing cash flow. This can be especially difficult when the business is growing and expenses are increasing, as well as intense inflation. One way to alleviate this pressure is through cash flow optimization strategies. These strategies aim to improve the inflow and outflow of [...]
Accounting is a team sport! Accounting and football may seem like two completely different topics, but they actually have more in common than you might think. Both require a great deal of planning and strategy, and both require a team effort to be successful. However, when you look closer, you can see that there are [...]
Understanding the Rules Around Breaks for Your Employees If you're an employer, it's important to understand the rules around breaks for your employees. According to the law, employees should be given a break of at least 20 minutes each day. Breaks increase worker productivity. However, some exceptions may apply. For example, an employee may not [...]
