Introduction Tax deductions 2025 can significantly influence the financial health of small businesses. Understanding these tax deductions 2025 is crucial for business owners who are keen on maximizing their profits and minimizing tax liabilities. This article will explore key tax deductions 2025 available for small business owners in 2025, including eligibility criteria, calculation methods, and […]
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Essential Checklist: What to Take to a Tax Appointment
Preparing for a tax appointment can often feel like a daunting task, particularly for individuals and business owners who might not be familiar with the intricate details of tax regulations. Whether you are an employee, a self-employed entrepreneur, or managing a small business, being organized and well-prepared for your tax appointment can make a significant […]
Hiring Family: 4 Keys Southwest Missouri Business Owners Should Know
You’ve heard me say it a lot: Keep your head down and focus on what’s actually important – not what’s trending in the fear-focused news headlines. I’ll be the first to admit, this mantra is easier said than done sometimes. Especially these days, when the grip of clickbait and doomscrolling often feels impossible to resist. […]
Business Owner Salary: Rocky Lippold’s Guide to Setting Yours
If there’s one thing you can take comfort in as you’re handling the effects of tariffs in your Southwest Missouri business, it’s that you’re not alone. Even titans like Pepsi are feeling the impact. They’re taking hits because of the 25 percent tariff on aluminum, and because a lot of their production is based in Ireland. […]
Strategizing for the Effects of Tariffs on Your Southwest Missouri Business
Let’s have a full conversation today about the tariffs and your business. Right now there’s a lot of back-and-forth. And it’s a lot to keep up with. (Feeling a little BOI reporting deja vu, or is that just me?) From the 10 percent across-the-board tariffs to the 90-day pause on reciprocal tariffs to the current […]
Commercial Mortgage Rates: Making the Right Move for Your Southwest Missouri Business
They say money can’t buy happiness… But it can buy you a good CPA… which is basically the same thing. Because on a serious note, it’s hard to have peace of mind about your Springfield, MO Metropolitan business’s finances if your books aren’t squared away. Your financial reports will be incomplete. You’ll be unable to […]
3 Bad Leadership Qualities That Will Stall Your Southwest Missouri Business’s Growth
I recently read an article that was a good reminder of why I started my business in the first place. It was about a nurse anesthetist who started making quilts for his son, and turned his hobby into a side hustle, bringing in 1.4 million a year. You were once in this quilter’s place too: you […]
How to Choose the Right Payroll Software For Your Southwest Missouri Small Business
The nation’s collective basketball-related madness has begun. (Thanks to meetings with clients, my team and I have been feeling the madness for a while now. So welcome to the party.) How is your bracket faring? Because I love statistics, here’s one for you: So far in March Madness history, only one person has ever had an […]
Opportunities Southwest Missouri Business Owners Will Miss Without Accounting Basics
It’s officially time to get serious about your accounting. Why? Just take a look around: The consumer price index went up 2.8 percent in February (down from 3 percent in January). So, yes, inflation has mellowed slightly, but cost pressures remain (especially for your morning omelets). While slower price hikes are good news for your Southwest […]
Analyzing Cash Flow Is a Must for Your Southwest Missouri Small Business
During your latest grocery shopping trip, were you standing bug-eyed in the dairy section, gawking at the price of eggs? In the latest egg news, the U.S. is now looking to Turkey (how’s that for irony?) for help importing record-breaking amounts of eggs. That’s a major pivot in the global supply chain. And, it’s a reflection […]
Compensation Strategies to Empower Your Southwest Missouri Business’s Employees
So, it looks like the Treasury Department has nearly reached a “final” decision on BOI reporting… fingers crossed. And this latest update in the BOI reporting saga is actually good news for you. FinCEN is now no longer issuing any penalties for failing to make the previously set deadline of March 21st. Instead, the Treasury will propose […]
Rocky Lippold’s Business Budgeting Do’s and Don’ts
I won’t say I told you so, but I’m certainly thinking it: Beneficial Ownership Reporting requirements are back on as of last week. In the words of a friend of mine, “You’d think they were planning a trip to the Caribbean with the amount of flip-flops we’re seeing.” But you don’t have to start scrambling – […]