The budget reconciliation bill passed the House on July 3 by two votes, and it packs a wide range of tax changes. While many of the headlines focus on large-scale social and economic impact, we aren’t going to weigh in on that but instead focus on how it can affect small and mid-sized business owners […]
One Bill, Many Impacts Read More »
You’re generating solid revenue. Business is steady. But when it comes time to cover payroll, pay bills, or make a key investment, you’re short on cash. Sound familiar? This disconnect is more common than you might think, especially for small and mid-sized businesses. You can be profitable on paper and still face a cash crunch.
Connecticut’s recently passed $55.8 billion biennial budget brings a mix of financial shifts, modest tax changes, and regulatory reforms that will impact businesses across the state. While it avoids broad-based tax increases, the plan leans on extended corporate surcharges, delayed pension contributions, and borrowing to balance the books. Here’s what small and mid-sized business owners
How Connecticut’s 2026–2027 Budget Impacts Small and Mid-Sized Businesses Read More »
Here’s What to Do Next and How to Prevent It in the Future Discovering – or even suspecting – internal fraud can be unsettling for any business owner. While small and mid-sized businesses often operate on trust, it’s critical to have a plan in place when something doesn’t feel right. Here’s what you should do
Suspect Fraud in Your Business? Read More »
Don’t let small discrepancies turn into big problems. Internal fraud can quietly drain your company’s finances, damage trust, and disrupt operations often before you even realize something is wrong. For small and mid-sized businesses, especially those in Connecticut where lean teams often wear multiple hats, early detection is critical. Here are five financial red flags
Top 5 Financial Red Flags That May Signal Internal Fraud Read More »
What You Should Be Reviewing Now to Avoid Year-End Surprises While it seems like we just finished tax season, we’re nearly halfway through 2025 already. That makes now the perfect time to pause, review your tax position, and make sure you’re on track to avoid any nasty surprises come December. For small and mid-sized businesses,
Mid-Year Tax Check-In Read More »
The IRS recently announced the 2026 inflation-adjusted Health Savings Account (HSA) contribution limits. While these may appear as simple line items on a compliance checklist, they present important financial planning opportunities for both business owners and employees. Understanding how these updates can impact your bottom line, employee satisfaction, and even customer spending habits is essential,
What 2026 HSA Limit Increases Mean for Small and Mid-Sized Businesses Read More »
In times of economic instability, not all threats come from shrinking demand or rising costs. Some are far more deceptive, and potentially far more devastating. As the likelihood of a recession increases and financial uncertainty spreads, one type of fraud is making a dangerous comeback: Ponzi schemes. These schemes may not make headlines like they
Ponzi Schemes Are Back in the Spotlight Read More »
If your business still receives government payments by paper check, it’s time to start planning for a change. The U.S. Treasury has announced that nearly all federal payments will be issued electronically by September 30, 2025, marking the end of an era for paper-based transactions. Whether you’re a small retail shop, a growing consultancy, or
Say Goodbye to Federal Paper Checks Read More »
As a business owner, you’re no stranger to protecting your assets. But outside the walls of your company, personal finances can still be vulnerable, especially with financial scams becoming more sophisticated and widespread. Whether you’ve personally been affected or know someone who has, recent IRS guidance provides a possible path to recoup losses from certain
New IRS Guidance Offers Relief for Scam Victims Read More »
Artificial Intelligence (AI) is changing how we work, search, and manage everyday tasks. From chatbots answering customer service questions to tools that summarize articles or suggest tax strategies, AI is starting to look like a one-stop shop for business help. But when it comes to your company’s financial future? Relying too heavily on AI could
AI vs. Your Accountant: Why Business Owners Need Real Expertise Read More »
When it comes to taxes, misinformation spreads quickly, especially this time of year. Whether it’s advice from a well-meaning friend, something you saw online, or just assumptions based on outdated rules, tax myths can lead to costly mistakes. As a small or mid-sized business owner, understanding tax laws is essential to keeping your finances in
Debunking Common Tax Myths for Small Business Owners Read More »