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Activity-Based Costing: Is it right for me?
ABS is as easy as 1-2-3! Is Activity-Based Costing right for you?
Oct 28, 20192 min read
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...
Oct 7, 20193 min read
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...
Sep 30, 20192 min read
Financial Ratios You Need for Your Small Business Part I
Financial ratios are a powerful tool to help you assess your small business finances. They can measure your operational efficiency...
Sep 23, 20192 min read
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...
Sep 9, 20192 min read
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...
Aug 19, 20191 min read
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...
Aug 5, 20193 min read
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...
Jul 29, 20193 min read
Are You Ready for Retirement?
Although tax season is over, Practical Accounting Solutions is still keeping busy! We wanted to give you an exclusive first look at our...
Jul 22, 20192 min read
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...
Jul 15, 20194 min read
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....
Mar 12, 20193 min read
Huge Tax Credit Opportunity for Virginia Residents
Make your donations count this year by using a Virginia Education Improvement Scholarship Tax Credit.
Oct 26, 20172 min read
Postcard from Virginia?
Postcard from Virginia I get asked this question a lot, “What is this postcard from Virginia that I got in the mail?”. Here is how the...
Feb 10, 20172 min read
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