Tax Filing Extension: A Lifesaver for Small Business Owners and Individuals As the tax deadline approaches each year, many individuals and small business owners find themselves rushing to organize financial documents and meet IRS deadlines. If you’re not fully prepared, don’t panic. A Tax Filing Extension could be your solution—and this blog will explain exactly […]
The AI Accounting Revolution: What ChatGPT Can’t Do For Your Business Finances The ai accounting revolution is buzzing. ChatGPT can draft emails in seconds, and new tools promise to automate everything from bookkeeping to tax prep. But here’s the truth: AI alone won’t save your business from financial chaos. While AI is transforming accounting, it […]
The Dirty Secret of Tax Write-Offs: What Your Accountant Isn’t Telling You Tax Write-Offs Can Be a Lifeline—Or a Landmine Every small business owner loves tax write-offs—but what if your deductions are actually setting off IRS alarms? According to the IRS, over $30 billion in business tax write-offs were disallowed last year due to improper […]
Why Most Small Businesses Fail After 5 Years (Hint: It’s Not Revenue) Here’s a brutal truth:According to a U.S. Bank study, 82% of small businesses fail because of cash flow problems, not because they aren’t generating revenue. Yes, you read that right.Even with strong sales numbers, poor financial management—especially bad accounting practices—can silently drain your […]
Nonprofit Accounting 101: Compliance, Grants, and Best Practices Running a nonprofit is about making an impact—but without solid financial management, even the most passionate organizations can stumble. Nonprofit accounting isn’t just about balancing the books; it’s about transparency, compliance, and stewardship of donor funds. At Spyglass Accounting, we specialize in helping nonprofits navigate unique financial challenges—from grant tracking to IRS Form 990 preparation. In […]
Payroll Accounting 101: A Small Business Owner’s Guide to Accuracy & Compliance Payroll accounting isn’t just about paying employees—it’s the backbone of financial accuracy, tax compliance, and employee trust. Get it wrong, and you could face IRS penalties, unhappy employees, or even legal trouble. For small businesses, managing payroll accounting in-house can feel overwhelming. Between tax withholdings, overtime […]
Payroll Trends 2025: 9 Shifts That Will Transform Your Business Payroll isn’t just about cutting checks anymore. In 2025, it’s becoming a strategic powerhouse—driving compliance, employee trust, and even business growth. Here are important payroll trends business owners should know! From AI-powered audits to on-demand pay and global compliance automation, payroll is evolving faster than ever. And if your business isn’t […]
Tax Day Extension 2025: Who Qualifies & How to Get More Time to File Tax Day is looming—April 15, 2025—but what if you’re not ready? The good news? You might qualify for an automatic tax day extension without lifting a finger. The IRS has granted disaster victims in 12 states extra time to file and pay, pushing their […]
Tax Day 2025: Your Ultimate Guide to Filing on Time (And Avoiding IRS Headaches) Tax Day 2025 is fast approaching—Tuesday, April 15th—and if you haven’t started preparing yet, now’s the time. The IRS has already released key filing guidelines to help taxpayers avoid common mistakes, speed up refunds, and stay penalty-free. But let’s be honest: […]
Financial Statement Preparation: A Complete Guide for Business Owners As a business owner, understanding your company’s financial health is crucial—and financial statement preparation is the key to unlocking those insights. Whether you’re seeking investors, applying for a loan, or simply making informed decisions, accurate financial statements are non-negotiable. At Spyglass Accounting, we specialize in helping businesses like yours […]
