Some of the most common questions we field from our small business customers are in regard to how to file their business personal property (BPP) tax returns. Particularly in South Carolina, who historically have had inconsistent processes across counties. For the average business owner, the need for reporting and the related tax can be confusing. […]
For the uninitiated, Beaufort County, South Carolina real estate taxes can be confusing to navigate. What’s more, real estate taxes are a significant portion of the cost of owning your home. The type of property you have and how you use it plays a large role in how much tax you’ll pay due to Act […]
Introduction While we have customers and employees all over the country, we are headquartered in Bluffton, South Carolina. As one can imagine, a number of our customers are located within Beaufort County (Bluffton & Hilton Head, primarily) for at least part of the year. As such, we get a lot of questions about Beaufort County, […]
Back in my corporate accounting days, I worked at a really big company at one point. The bigger the company, the more acronyms there are, or so it seems. I had a colleague that absolutely hated acronyms. Every time he heard “BAU” (business as usual) he’d shudder. Acronyms are commonplace in today’s world of business, […]
We often hear about “scaling” a business, but what does that mean? Sometimes that means growing the top line (revenue). Sometimes it means increasing the number of employees. It could also mean increasing the capabilities of what you offer. Sometimes the word “scale” is just thrown about sound cool. In our work with professional service […]
If you’re the owner of an LLC, there’s a chance you’ve elected to have your business taxed as an S Corporation. As your S Corp turns a profit, there are two ways to have those profits paid back to you: 1) reasonable compensation and 2) owner’s distributions (sometimes referred to as draws). While we won’t […]
*Note: this article includes affiliate links. We do, however, use all of the apps in this article for our own firm and/or recommend and use them in conjunction with our customers. Importance of accurate financial data We often speak of the importance of not only having good, clean books (like we did here and here […]
The Weighted Average Cost of Capital (WACC) is an important financial concept that can and will impact several key areas of your business. The WACC has many applications. Your business’ WACC will impact decisions you make on investments, markup rates and the value of the business. Let’s dig into what WACC is, how it’s calculated […]
In the fast-paced world of business every decision counts. That’s why choosing the right inventory system is key to success. As an accountant, I understand the importance of an efficient inventory management system. Inventory systems are tools used to ensure the success of the business using it. They support accurate financial records, optimize cash flow, […]
When it comes to managing your finances, whether it’s for personal or business purposes, having a Certified Public Accountant (CPA), Bookkeeper, or any other financial professional can be a game-changer. These professionals bring valuable expertise, insights, and knowledge to help you make informed decisions and navigate complex financial matters. In this blog post, we’ll explore […]
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