Understanding Cash Flow Forecasting Cash flow forecasting is a crucial process for businesses aiming to maintain financial stability and ensure sustainable growth. It involves predicting the flow of cash in and out of a business over a specific period. By understanding future cash needs and potential shortfalls, companies can make informed decisions to enhance their…
As tax season approaches, many individuals and businesses are gearing up to tackle the annual challenge of filing taxes. Whether you’re a seasoned pro or a first-time filer, having a solid strategy can make all the difference. Here are some expert tips to help you navigate tax season smoothly and efficiently. Understand Your Tax Obligations…
Tax planning is a crucial aspect of financial management that can significantly impact your financial well-being. At Campbell & Sherbondy, we believe that mastering tax planning is not just about understanding numbers but also about crafting a strategic approach to minimize liabilities and maximize savings. In this blog post, we share insights to help you…
Introduction Filing taxes can be a daunting task, even for the most financially savvy individuals. With over 30 years of experience in accounting, I’ve seen firsthand the common mistakes people make when filing their taxes. Avoiding these errors can save you time, money, and stress. Here are some key tips to ensure your tax filing…
The biggest 2026 changes for small business owners come from the One Big Beautiful Bill: 100% bonus depreciation and expanded Section 179 expensing are now permanent, the Qualified Business Income (QBI) deduction gained long-term clarity, 1099 reporting thresholds reverted, and several credits phased out after 2025. The changes that matter most: After years of temporary…
Reasonable compensation is the salary an S-corp owner must pay themselves for the work they actually perform, before taking additional profit as distributions. The IRS requires it to reflect fair market value for your role. Paying too little to dodge payroll taxes is a leading S-corp audit trigger. Why This Matters More Than Owners Realize…