Blog

Know Your Tax Obligations to Ensure Your Business Remains in Good Standing

Jun 1, 2022

Every business, no matter how small, has several tax obligations that it must meet. This includes taxes at the federal, state, and sometimes local level along with payroll taxes. At BMH Accounting, we understand that keeping track of so many obligations can be challenging. However, doing so is essential to avoid fines and possibly other […]

cash flow picture

Surviving a Slow Season and Increasing your Cash Flow

May 15, 2022

Maintaining and managing healthy cash flow is key for small businesses, particularly if your business is seasonal in nature, like a construction or landscaping business. Remember, work tends to wax and wane with the seasons and you will need to consider the slow times during more prosperous times of year in order to survive. Without […]

BHM-Bottom-Line

5 Financial Variables to Improve your Business or Brand’s Bottom Line

May 1, 2022

Want to see improvement in your business or brand’s bottom line? Pay attention to your company’s Financial Variables and discuss these influences with a qualified accounting professional to determine if your revenues can be improved, or to learn more. Five financial variables that can improve your bottom line are: 1) Look at your Profit & […]

BMH-Strategic-Plan

How to Develop an Effective Strategic Plan to Reach Your Business Goals

Apr 15, 2022

Want the key to reaching your business and professional goals? A Business Strategic Plan helps develop and identify an effective strategy for attaining and reaching milestones that lead to the fruition of your goals. Here are some tips on how to create your own plan: First, what is It? A business strategic plan is a […]

How a Year-Round Accountant Benefits a Small Business

How a Year-Round Accountant Benefits a Small Business

Apr 1, 2022

It makes sense to consider Hiring an Accountant for year-round provision, rather than just at tax time. There are numerous benefits of hiring a year-round accountant for your business, and the cost is a prudent investment to make in your company, brand, or business. Some benefits of hiring a year-round accountant include: Managing Money One […]

Proactive Tax Planning is Key to Avoiding Tax Liabilities

Proactive Tax Planning is Key to Avoiding Tax Liabilities

Mar 15, 2022

When it comes to Tax Planning, being proactive pays. Being vigilant and precise with your tax reporting and expenses can minimize your tax liabilities- and save you money at year’s end.  Tax prep and documentation should not be something that only occurs at tax-time; proactive tax planning is something that happens year-round to avoid nasty […]

5 Key Mistakes That Could Lead to a Small Business Failure

5 Key Mistakes That Could Lead to a Small Business Failure

Mar 1, 2022

A small business failure can be surprising in terms of what led to the demise and how it may have been avoided. There are some common errors that many small business owners and entrepreneurs make that lead to problems that cannot be overcome. Subsequently, it is these errors that often lead to the end of […]

Why Outsourcing Payroll is Beneficial to Business Operations

Why Outsourcing Payroll is Beneficial to Business Operations

Feb 15, 2022

A successful business or company leader knows when and what to delegate, and this includes outsourcing payroll and taxation tasks to someone else. Ideally, the leader of the team can put their focus into business operations but payroll is something that simply should be handed-off to a professional accounting firm, company, or site. Ideally, outsourcing […]

The 5 Biggest Mistakes to Avoid as a Business Leader

The 5 Biggest Mistakes to Avoid as a Business Leader

Feb 1, 2022

A lot can fall on your shoulders at the helm of a company or small business. As a business leader, others may look to you for modeling behaviors that will help them progress and succeed. The five worst mistakes that you can make as a business leader are: 1. Doing Everything on Your Own Don’t […]

Do Your Employee Reimbursements Comply with IRS Tax Regulations?

Do Your Employee Reimbursements Comply with IRS Tax Regulations?

Jan 15, 2022

When it comes to employee reimbursements, you must be careful that they comply with current tax law and IRS tax regulations. If not documented and posted correctly, expense reimbursements may get confused for income, which can create a mess. Furthermore, when your staff struggles for prompt and accurate reimbursements, it can create hostility and angst […]