Let's be honest, December is already here, and if you're like most small business owners, you're probably feeling that familiar year-end panic creeping in. You know, that sinking feeling when you realize tax season is just around the corner and you haven't touched your books since... well, let's not talk about when. But here's the thing: you don't need to spend weeks drowning in paperwork to get your tax prep sorted. With just 26 days left in 2025, you can still set yourself

If you've elected S corporation status for your business, congratulations! You've made a smart move that can save you thousands in taxes. But here's the catch, you need to pay yourself properly, or the IRS might come knocking with some hefty penalties. The golden rule for S corp owners who work in their business is simple: you must pay yourself a reasonable salary through W-2 wages before taking any distributions . This isn't a suggestion or a best practice, it's a legal requ

December is here, which means it's time to face the music: year-end bookkeeping. I know, I know: it's about as exciting as watching paint dry. But here's the thing: the mistakes you make (or don't catch) right now will either make tax season a breeze or turn it into your personal nightmare. After working with hundreds of small business owners over the years, I've seen the same mistakes pop up again and again. The good news? They're totally fixable if you tackle them now inste