The Sovereign CPA Blog Page

CPA Firm | Birmingham, AL | Sovereign CPA | Tax Services

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

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CPA Firm | Birmingham, AL | Sovereign CPA | Tax Services

Accounting Services for Service Industries and Restaurants in 2021

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.

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CPA Firm | Birmingham, AL | Sovereign CPA | Tax Services

The Basics of Estate Planning and Securing Your Financial Future

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,

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CPA Firm | Birmingham, AL | Sovereign CPA | Tax Services

The Importance of Personal and Business Financial Planning

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

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CPA Firm | Birmingham, AL | Sovereign CPA | Tax Services

Money-Saving Tips For Your Personal Finances

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

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CPA Firm | Birmingham, AL | Sovereign CPA | Tax Services

8 Tips For Navigating Stormy Times With Your Business

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

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