Blog
How A Year-End Inventory Count Could Lower Your Greater Richmond Business Taxes
Quick Answer: A year-end inventory count lowers your business taxes by uncovering unrecorded shrinkage and unsellable stock that artificially...
Guardian Solutions CPA’s Guide: Can You Give Employees Tax Free Bonuses for the Holidays?
Quick Answer: You can’t give tax-free cash or gift cards for the holidays, as the IRS classifies all cash-equivalent bonuses as taxable wages...
Types of Prepaid Expenses to Optimize Your Greater Richmond Business’s Cash Flow Before Dec 31
Quick Answer: If you run a cash-basis business, you can lock in immediate tax savings on upcoming 2027 operating costs by paying those vendor...
Guardian Solutions CPA’s Take: How Much Cash Should A Business Have On Hand?
Quick Answer: Keep three to six months of baseline operating expenses in liquid reserves, alongside a separate tax account holding 15% to 30%...
How The Bad Business Debt Deduction Could Lower Your 2026 Greater Richmond Business Taxes
Quick Answer: Uncollectible business receivables convert into ordinary losses that reduce your active net profit dollar-for-dollar...
How To Fix Common QuickBooks Online Problems Greater Richmond Small Business Owners Face
Quick Answer: To fix common QuickBooks Online problems, audit your bank feed queue to ensure transactions are matched to open invoices...
The Greater Richmond Small Business Q3 Payroll Checklist for a Painless Year-End Close
Quick Answer: Your pre-year end payroll checklist should include reviewing new OBBBA wage codes, collecting missing 1099 tax forms, and...
What Are the Tax Mistakes New Greater Richmond Business Owners Make?
Quick Answer: Some of the biggest tax mistakes new business owners make include using personal credit cards for business expenses,...
What Tax Do You Pay When You Sell A Business Based on Your Greater Richmond Business Structure?
Quick Answer: Pass-through entities (LLCs, S corps, sole proprietorships) pay a single tax layer, typically 15% to 23.8% on goodwill and...