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Small Business Financial Health Check Guidelines
Running a small business in Philadelphia means doing more than just providing great service or quality products. It involves managing your resources carefully and keeping a close eye on your finances. One way to stay on track is by making time for regular financial...
Business Asset Depreciation Recording Methods
When businesses buy equipment, vehicles, or other big-ticket items for long-term use, those purchases don’t just hit the books upfront. Instead, they’re recorded over time through a process called depreciation. This helps reflect the item's drop in value while it’s...
Tax Return Filing Extensions And Deadline Management
Tax season can sneak up quickly, especially toward the end of the year. With holidays around the corner and business wrapping up for many, it’s easy to fall behind on paperwork. If you're in Philadelphia and find yourself rushing to meet your tax deadline, taking a...
Tax Planning For Freelancers In Philadelphia
Freelancing offers freedom and flexibility, but it also comes with added responsibilities, especially when tax season rolls around. Without an employer handling withholding and paperwork, freelancers are on their own when it comes to planning for taxes. If you're...
Small Business Cash Flow Management Strategies
Running a small business in Philadelphia comes with its fair share of tough decisions, especially when it comes to finances. Managing cash flow is often one of the trickiest parts. Money coming in and out of your business needs to be tracked and planned carefully, or...
Business Vehicle Expense Documentation Requirements
If your business uses a vehicle for work-related tasks, keeping proper records of expenses isn’t just a smart habit—it’s necessary. Whether you’re driving to client meetings, making deliveries, or running errands tied to your operations, the IRS expects you to...