The Intelligent Way to Cut Business Expenses

Whether you are experiencing a momentary cash flow issue or want to improve your company’s profitability, cost-cutting is a common approach of business leaders. But not all cost-cutting ideas are as good for your bottom line as they may initially seem to be. Even the best ideas need to be thought through carefully, or you […]

Bookkeeping- Hundley Advisors

Start Planning Now To Pay Less In Taxes Next Year

Start Planning Now To Pay Less In Taxes Next Year Were you shocked by your 2020 tax bill? If you were, you are not alone. Many business owners found themselves paying more in taxes than they expected to. And while 2020 may have had a few additional surprises due to the pandemic and the handling […]

Business Partnership

Business Partnerships

In business it can be helpful at times to form a partnership. Partners bring different skills to the table, and partnerships can leverage the financial assets of two (or more) people to start a business that they would not be able to finance on their own. Considering A Partnership? There are advantages and disadvantages to […]

Tax Returns - Hundley Advisors

Here Is How To Avoid Tax Time Surprises

Were you surprised by an unexpected tax bill this year, maybe you even had to pay a penalty? No business owner wants an unexpected bill to pay, especially not when it’s from the IRS. Surprise expenses put a strain on your cash flow. While this year’s tax surprises cannot be eliminated, there are things you […]

Business Planning 101: A Timely Tip

In addition to working with our clients on Tax Planning, we also help with business growth and revenue planning. That means that we frequently see patterns of overlooked business improvement opportunities across a variety of industries. When we do, we try to share them, because they may be helpful to you. One opportunity to start […]

It’s A Great Time To Establish Business Credit

When I talk to most business owners about getting a line of credit or applying for a loan, they typically need access to the money in the very near future, if not immediately. That’s really not the ideal time to be applying for either, and it tells me that there was some business financial planning […]

Tax Planning - Hundley Advisors

The Secret to Getting Paid On Time

Every business has customers that pay on time and those that pay after the due date. As the business owner you need to make sure most of your customers pay on time, and have a policy that addresses late payments to encourage payment as soon as possible, to ensure your business remains financially healthy. Ignoring […]

Tax Planning - Hundley Advisors

It’s True. The IRS Wants You To Succeed!

Did you know that the current US Tax Code was written to favor the small businesses? That actually makes sense when you think about it. In 2019, there were 30.7 million small businesses in the U.S. which accounted for 99.9 percent of all U.S. businesses. And this sector created 1.5 million jobs – representing 64 […]

The Tax Benefits of Offering an Employee Health Benefits Plan

If you’re like most small business owners with employees, you have probably experienced issues with productivity and retaining your best employees. Smaller companies typically pay lower wages and offer fewer benefits than larger competitors. We always recommend that employee salaries at your company fall within the market range, but there are other things you can […]

Hundley Advisors Extension July15 2020

As the far-reaching effects of COVID-19 continue to impact us, the federal government and the IRS have implemented new tax credits and extended important deadlines. The 2019 federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Many states are following suit and extending their filing deadlines as […]