Category Archives: Advisory

California business owners face some of the highest state income taxes in the country. While many taxes are unavoidable, one strategy can help eligible businesses reduce their overall federal tax liability. It’s called the California Pass Through Entity (PTE) election. For many S corporations, partnerships, and LLCs taxed as pass through entities, this election can

If you’re a business owner, you’ve probably asked yourself this question at some point. How should I pay myself? The answer depends on your business structure, profitability, and long term tax strategy. Many business owners assume they can simply transfer money from their business account whenever they need it. While you can take money out

Many business owners delay switching accountants because they dread the conversation. They worry about tension, awkwardness, or damaging a relationship.   Switching CPA firms is a normal business decision. As your company grows, your financial needs change. The firm that supported you at $2 million in revenue may not support you at $40 million.   If you

Many business owners stay with the wrong CPA because they fear disruption. They worry about tax deadlines, payroll issues, and losing financial history. That fear keeps them stuck. Switching CPAs does not have to interrupt your operations. With the right transition plan, you can improve service without creating risk. If your company generates more than

Running a successful business takes more than strong sales or innovative products. Without a clear financial roadmap, even profitable companies can lose direction. A financial roadmap provides clarity, control, and a strategy for sustainable growth. What Is a Financial Roadmap? A financial roadmap is a structured plan that outlines your business goals, projected revenue, expenses,

Many business owners use the terms growth and scaling interchangeably, yet they describe different paths to expansion. Understanding the difference is crucial to choosing the right financial strategy. When businesses pair the right strategy with expert guidance, they position themselves for long-term success. The Difference Between Growth and Smart Scaling Growth occurs when revenue increases

In the world of accounting, there’s a fundamental rule that guides how companies record their sales or services as earned revenue: revenue recognition. This principle serves as the bedrock for accurately portraying a company’s financial health and performance. Let’s look into what it is and why it’s so crucial for businesses. What is Revenue Recognition?

With Whittaker’s advice, we’re as secure as we ever were but growing at the same time. Here’s how. Totten Tubes is America’s most diverse and specialized steel tube & pipe company, serving clients across the entire west coast of North America. We talked to Greg Totten, 3rd generation co-president, on how switching to Whittaker 10