Profit Wise Blog2026-08-25T09:53:05-05:00

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We believe accounting should help people build better businesses. Learn how to build a better business through guidance we post on the blog.

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309, 2026

S-Corp Owners: 5 Tax and Payroll Mistakes to Avoid

September 3, 2026|Categories: Accounting|Comments Off on S-Corp Owners: 5 Tax and Payroll Mistakes to Avoid

S-Corp Owners: 5 Tax and Payroll Mistakes to Avoid By: Ashleigh Heinz Date Posted: September 2026 Reading Time: 8 – 10 Minutes Electing S-Corporation status can provide valuable tax planning opportunities for a successful business, but it also creates responsibilities that business owners need to manage carefully. One of the biggest misconceptions about an S-Corporation is that [...]

209, 2026

When Should a Business Owner Meet with a Tax Advisor?

September 2, 2026|Categories: Accounting, Business, Taxes|Comments Off on When Should a Business Owner Meet with a Tax Advisor?

When Should a Business Owner Meet with a Tax Advisor? By: Sharon Heinz, EA Date Posted: September 2026 Reading Time: 8 – 10 Minutes Tax planning is most valuable before decisions are made—not after the year is over. If your business is profitable, waiting until tax season to talk about taxes may mean you are having the conversation [...]

109, 2026

QuickBooks Warning Signs: When Your File Needs A Cleanup

September 1, 2026|Categories: Accounting, Business, Quickbooks|Comments Off on QuickBooks Warning Signs: When Your File Needs A Cleanup

QuickBooks Warning Signs: When Your File Needs A Cleanup Everything you need to know to clean-up QuickBooks By: Sharon Heinz, EA Date Posted: September 2026 Reading Time: 8 – 10 Minutes QuickBooks is supposed to make managing your business finances easier. But if your file has been accumulating errors, unreconciled transactions, duplicate entries, or questionable [...]

3108, 2026

Why Only Seeing Your Accountant Once a Year Can Be Expensive

August 31, 2026|Categories: Accounting, Business, Taxes|Comments Off on Why Only Seeing Your Accountant Once a Year Can Be Expensive

Why Only Seeing Your Accountant Once a Year Can Be Expensive By: Sharon Heinz, EA Date Posted: August 2026 Reading Time: 7 - 9 Minutes Year-round tax planning isn't about finding ways to spend money just to get a deduction. It's about making smart business decisions with taxes in mind before it's too late to change your [...]

2808, 2026

What Records Should Every Business Owner Keep?

August 28, 2026|Categories: Accounting|Comments Off on What Records Should Every Business Owner Keep?

What Records Should Every Business Owner Keep? A Small Business Recordkeeping Guide By: Sharon Heinz, EA Date Posted: August 2026 Reading Time: 10 – 15 Minutes Good recordkeeping isn't just about being ready for tax season. It protects your deductions, supports your tax return, helps you understand your business, and makes tax planning [...]

2708, 2026

5 Numbers Every Business Owner Should Review Every Month

August 27, 2026|Categories: Accounting, Business, Taxes|Comments Off on 5 Numbers Every Business Owner Should Review Every Month

5 Numbers Every Business Owner Should Review Every Month By: Sharon Heinz, EA Date Posted: August 2026 Reading Time: 8 – 10 Minutes Running a successful business requires more than knowing how much money is sitting in the bank. Your bank balance tells you how much cash you have today. It does not tell you whether your [...]

2608, 2026

How Business Owners Can Legally Reduce Their Tax Bill

August 26, 2026|Categories: Accounting, Business, IRS, Strategy, Taxes|Comments Off on How Business Owners Can Legally Reduce Their Tax Bill

How Business Owners Can Legally Reduce Their Tax Bill Everything Business Owners Need to know By: Sharon Heinz, EA,Date Posted: August 2026 Reading Time: 8 – 10 Minutes Learn how profitable business owners can legally reduce their tax bill with strategic tax planning, smart deductions, and proactive tax strategies. Business owners don’t reduce taxes by [...]

2508, 2026

What Should You Expect From a Year-Round Accounting Advisor?

August 25, 2026|Categories: Accounting, Business|Comments Off on What Should You Expect From a Year-Round Accounting Advisor?

What should you expect from a year-round accounting advisor? Everything you need to know about accounting advisor By: Sharon Heinz, EA Date Posted: August 2026 Reading Time: 8 – 10 Minutes Your accountant should know more about your business than what appears on last year's tax return. For many business owners, the traditional accounting [...]

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