Thinking about selling your business, exploring a merger opportunity, or adding new partners? One question matters most: What is your business really worth? For small business owners in Nashville and Memphis areas of Tennessee , knowing your business’s value isn’t just helpful—it’s critical for
Business growth is an exciting milestone—but it’s also a critical juncture where mistakes can become expensive. As operations expand, so do the challenges. At TriStar Tax and Business Solutions, we’ve worked with numerous small business owners navigating this phase and have seen firsthand how
As we hit the year's halfway point, it's an ideal time to pause and assess your business’s financial well-being. Like a routine health check-up, a mid-year financial review can help you catch minor issues before they become larger problems—and keep your business moving toward its goals. At
Tax season can feel overwhelming, especially for business owners and high-income individuals managing multiple financial responsibilities. However, with the right tax strategies in place, tax preparation becomes a smooth and predictable process. Proactive planning for your taxes not only helps
As 2025 moves forward, it’s time for small business owners to take control of their financial future. A proactive strategy can save you money, optimize your business operations, and ensure you’re well-prepared for whatever the new year brings. With the right plan in place, tax season doesn’t have to
You might think that properly filing your business taxes is the only thing you need to consider when checking the box on accounting each year. However, savvy business owners know that filing is only one component of the tax equation: tax preparation and tax planning are parallel accounting duties
Standard deduction amount increased. For 2024, the standard deduction amount has been increased for all filers, and the amounts are as follows. The standard deduction increases by $1,400 for a married taxpayer aged 65 or older or blind ($2,800 if both 65 and blind); by $1,750 for a single
As a small business owner, you’re juggling countless tasks to keep your business running smoothly, but managing your finances shouldn’t be one of them. Hiring a skilled bookkeeper not only frees up your time to focus on growing your business but also ensures your financial records are accurate and
