The Sovereign CPA Blog Page
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
The coronavirus pandemic continues to force the global economy to change and adjust, with many small businesses getting caught in the fray. For small business owners across America, times are tough and the future seems rocky and uncertain. In the face of this virus, there are ways that you can put your business in the
In addition to all the normal stressors of owning and maintaining a small business, the prospect of being audited simply adds to that stress. That stress is sometimes warranted—audits can lead to paying substantial fines or even prison time for those held responsible. The best way to avoid extra fines and jail time is to