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So in trying to decide what to write about today, I decided I’d ask AI what the number one concern small business owners are facing now and tackle that. I had a hunch what the answer was going to be, and it turned out I was right: cash flow. This is the AI response (edited…

Raising prices sounds simple… until you’re the one who actually has to do it. For small business owners, it’s one of those topics that tightens the chest a little because the stakes feel personal. Your pricing isn’t just a number on an invoice. It’s a reflection of your confidence, your positioning, your survival, and sometimes…

Revenue gets all the applause because it’s the number everyone loves to talk about, the one that looks great on charts, and the one that makes business owners feel like they’re “finally getting somewhere.” But here’s the twist that catches people off guard. A business can post its highest revenue ever and still feel financially…

The end of the year has a funny way of sneaking up on you. One minute you’re planning a mid-year promo, and the next you’re staring at a calendar thinking, “Wait… it’s December already?” Small business owners know that feeling too well. There’s excitement, sure, because wrapping up the year hints at fresh beginnings, but…

Your first year of business feels strangely manageable when it comes to bookkeeping. Transactions are fewer. Categories feel intuitive enough. Your spreadsheet behaves. And even though you sometimes forget to log a receipt until days later, it somehow still works out. You feel organized (or organized-ish), and the entire financial side of the business seems…

What is the R&D Tax Credit? The Research and Development (R&D) tax credit, officially known as the Credit for Increasing Research Activities under Internal Revenue Code Section 41, is a federal tax incentive designed to reward companies that invest in innovation, research, and development activities within the United States. It’s one of the most valuable…

What is Cost Segregation? Cost segregation is a tax strategy that assesses various components of a building or property and categorizes them based on their depreciation periods. The standard depreciation period for real estate is 39 years for commercial properties and 27.5 years for residential rental properties. However, many building components depreciate at a faster…

What is the Augusta Rule? The Augusta Rule, codified in Section 280A(g) of the Internal Revenue Code, allows business owners to rent their home to their business for up to 14 days per year. The rental income you receive is tax-free, and your business can write off the expense. The name “Augusta Rule” is unofficial…

I came across an article I wrote nearly twenty years ago the other day. What’s interesting to me is that everything I wrote then is still true and just as useful! I’m reposting it here with a note added to the end. Will this still be useful twenty years from now? My guess is yes!…