This past week, as we celebrated the 4th of July, the skies were set ablaze with the spectacular glow of fireworks, and grills sizzled with a bounty of barbecue delights. But amid the revelry, the team here at TSAT we couldn't help but draw parallels between the spectacle of Independence Day and, you guessed it [...]
Keeping it in the Family: The Top Strategy for Family-Owned Businesses Hello to all our beloved family-owned businesses out there! We know that running a family business comes with its unique set of rewards and challenges. But one strategy stands out among the rest when it comes to maintaining and growing your [...]
Mid-Year Check-In: Are You Keeping Up With Your Small Business Goals? Hello and happy mid-year to all of our fantastic small business owners out there! Can you believe we're already halfway through the year? If it feels like it's been a whirlwind so far, you're not alone. This milestone is the perfect time [...]
Your Trusted Advisor: The Role of Your Accountant in Financial Decision Making Navigating the world of business can feel like sailing a ship through uncharted waters. But imagine if you had a seasoned navigator on board, someone with experience, knowledge, and a clear vision to guide you through the toughest storms. That's [...]
Juggling the myriad responsibilities that come with running a small business can be a daunting affair, particularly when it comes to the ever-so-critical area of managing finances. Accounting missteps are not just a headache; they can have some severe repercussions ranging from skewing financial statements to landing you in some hot water legally. In our [...]
Financial Risk Management for Small Businesses: Dodging & Mitigating Challenges Hey there, brave entrepreneurs! 👋 Let's talk about something we all know but don't always love - financial risks. It's like walking a tightrope, right? You've got cash flow fluctuations swinging from one side, market volatility shaking the rope, credit risks waiting [...]
Trusted Advising: 6 Savvy Steps to Conquer Your Extended Deadline with Confidence Navigating Tax Extensions: Your Ultimate Guide to a Stress-Free Extended Filing! Filing an income tax extension can provide the extra time you need to gather all your financial information and ensure you submit an accurate tax return. However, it's essential to [...]
9 Hilarious Yet Essential Tips for Procrastinating Tax Filers: Get the Most Out of Your Tax Returns! Fear not, last-minute tax filers! So, you're a master of procrastination, and now the tax deadline is looming like a dark cloud over your Netflix marathon. Fear not, fellow last-minute tax filers! We've put together a [...]
Demystifying the Cash Flow Statement: A Comprehensive Guide Welcome back to TSAT's Trusted Advising Blog where we simplify the world of finance and accounting for you and your small businesses! Today, we'll be delving into the world of cash flow statements. If you've ever wondered what they are, how they're calculated, and why [...]
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 [...]
