Activity-Based Costing: Is it right for me?
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ABS is as easy as 1-2-3! Is Activity-Based Costing right for you?


- Oct 7, 2019
- 3 min
Are There Tax Benefits to Hiring your Minor Children to Work for Your Business?
As a small business owner, how would you like to save on your federal and state taxes as well as help teach your child(ren) about saving...
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- Sep 30, 2019
- 2 min
Financial Ratios for Your Small Business Part II
Last week, we introduced a few financial ratios that you can use on your balance sheet and income statement. This week, we'll add to that...
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- Sep 9, 2019
- 2 min
Your Profit and Loss Statement: What You Need to Know
As a small business owner, you wear a lot of hats. When you sit down to calculate your finances, a Profit and Loss Statement (or P&L...
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- Aug 19, 2019
- 1 min
Time's A-Ticking and You Don't Want to Miss This!
Retirement seems like a long way off, but it may be closer than you realize! Join us at Park Lane Tavern in Fredericksburg on August 27th...
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- Aug 5, 2019
- 3 min
Where Do Your Tax Dollars Go?
We pay taxes every year, but do we really know where our hard-earned income goes? Today, we take a deep dive into the top three areas...
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- Jul 29, 2019
- 3 min
How Do I Choose between the Cash or Accrual Methods?
Like many things in life, timing is everything when it comes to choosing the best accounting method for your small business. Read on to...
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- Jul 15, 2019
- 4 min
Paying for College? Here are a few extra ways to save!
We are proud of our children and we want the very best for them! We support their choices as they grow up and face the world. However, if...
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- Jun 18, 2019
- 2 min
Bookmark these Resources for Your Small Business
In the past, if you wanted information, you got in your car and visited your local library. Once there, you had the choice of either...
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- Apr 16, 2019
- 2 min
4 Easy Steps to Creating Your Small Business Budget
For many small business owners, creating their yearly budget is one of the more painstaking tasks of their company. Today, we talk about...
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- Mar 12, 2019
- 3 min
Is Your Small Business Being Audited by the IRS?
An audit can be stressful for any business owner, and even more so for those that bend the rules or do not keep organized business books....
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- Jan 1, 2019
- 2 min
Happy New Year! Start Prepping your Taxes Today!
Happy New Year from Practical Accounting Solutions! Photo from Wix.com We wish you the best in 2019 and hope you have a wonderful year!...
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- Dec 19, 2018
- 3 min
How Giving Back Gives Back
Photo from wix.com As the holiday season rolls around again, we are reminded of the importance of giving back. Whether this means a toy...
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- Nov 8, 2017
- 3 min
Are there tax benefits to hiring your minor children to work for your business?
The basics of hiring your minor children in your business to maximize the tax benefits for you and the child.
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- Oct 26, 2017
- 2 min
Huge Tax Credit Opportunity for Virginia Residents
Make your donations count this year by using a Virginia Education Improvement Scholarship Tax Credit.
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- Feb 16, 2017
- 2 min
What is your tax situation?
Tax Situation Is your tax situation the same or different from your colleagues at work or your friends and neighbors? Is your tax...
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