The Sovereign CPA Blog Page
America runs on the work ethic, innovation, and persistence of business owners and leaders who propel ideas forward. Running a business is hard work, and tax season adds a lot of tension as businesses must ensure accuracy and compliance with the complicated tax rules. For smaller businesses, in particular, the tax code can place a
Why Life Planning Matters: Tips for Living Retirement to its Fullest With Proven Financial Strategies
Life planning incorporates more than just financial decisions. There has been no radical change in the concept of retirement for the last couple of decades. In essence, you work, save, accumulate wealth, and then retire. But while the general trajectory is the same, retirement planning today requires the consideration of changing economic landscapes, increasing life
If you go deep enough into any industry, there is plenty of jargon and terms that intimidate someone not deep in the lingo. Finance is no different and one of the reasons people often recoil when talking about their finances is that they feel out of their element. The insufficiencies of our education system to
Every business needs to keep track of its financial information—whether it’s profits, expenditures, wages, and other necessary data to maintain financial order. Good accounting tells a true story of your business’s financial state; it helps with understanding where you stand and helps projections for the future. Sovereign CPA works with small businesses across all industries.
Hoover Sun’s “Women in Business” issue typically features several of Hoover’s female business leaders and highlights them individually. So much of the strength in any community comes from relationships developed by its members, their knowledge, and the experiences shared with each other.
A CPA can help small businesses assess their current situation and start anew in 2021. Find out how a professional accountant can help your business reorganize and push through.
What happens to an estate worth millions of dollars that suddenly finds itself up in the air, without an owner or beneficiary? A lot! Family feuds. Lawsuits. Internal chaos. Most people don’t begin to talk about or think about estate planning when they are at the height of their professional careers. It does happen, however,
Henry David Thoreau—the beloved American essayist known for his love of nature and simple living—once said, “Wealth is the ability to fully experience life.” This can be read in two ways, and there is certainly some truth to both. Money is a mysterious thing. By itself, it doesn’t induce happiness, but it can allow for
As coronavirus cases continue to soar in the United States and millions remain without jobs or income, economic analysts are certain that a depression is on the way. Not just any depression, though—some economists predict that the upcoming depression will be as bad or even worse than The Great Depression of the 30s. What that