When it comes to overseeing your taxes, it’s important to know who you’re working with. There are two types of professionals who specialize in tax preparation: Enrolled Agents (EAs) and Certified Public Accountants (CPAs). While both EAs and CPAs can prepare tax returns and provide tax advice, there are some key differences between the two.

First, let’s talk about EAs. EAs are licensed by the IRS to represent taxpayers before the IRS, which means they can assist with audits, appeals, and collections as well as prepare tax returns. They have passed a comprehensive three-part exam on tax law and must complete ongoing education requirements to maintain their license. While EAs can provide tax advice and prepare tax returns, not all are specifically trained in every area of accounting.

On the other hand, CPAs are licensed by state boards of accountancy and that licensing allows them to perform a wide range of accounting services beyond tax preparation, such as auditing, bookkeeping, a...

Let’s face it – emergencies happen. Even in business. If you need to step back from your business for a season or an extended period, you will need help managing things. Who will step in when you’re away? And how will they know what to do?

As a solopreneur, you are the chief everything officer. You are the boss, chief financial officer, administrative assistant, human relations rep, salesperson, marketing director, and janitor. But as a solopreneur, it’s also your responsibility to future-proof your business. This includes preparing for emergencies and having a system in place that’ll help your business function or close shop if something happens to you.

You know your business inside out. So, you don’t need a how-to sheet to get stuff done. But your proxy will need a how-to reference sheet. And the best way to build one out for them is by creating an emergency transition plan.

This plan is not about getting proper insurance or securing confidential client information. While those...

The long-term success of a business is dependent on several variables. As a business owner, you need employees you can put your faith in and lean on 100%. You need efficient processes and systems that help you save time and money. And you need a solid marketing strategy, so you can get the word out there and attract more clients.

But what truly keeps your business going at the end of the day is its ability to make and manage money. And even though it can sound intimidating (especially if you don’t have all the details figured out), the truth is that there are some simple, tried and true tools that you can employ to get ahead of the game and improve your probability of success!

Today, we’re going to discuss five of them!

Tip 1: Identify Your Key Business Goals 

If you find yourself actively worrying about cash flow management, it might be a sign that you need to sit down and review your business goals. Why, you ask? because you’re probably in need of some direction. Every com...

Most people believe that to win with money, you need to be naturally good at numbers, investing wisely and slapping your wrist when you want to eat out for the 5th time in a week. 

But wealth-building and financial fulfillment involve a lot more than just numbers and sacrifice. 

Your attitudes and behaviors around money are shaped by your life experiences, your relationship with scarcity and abundance, the conversations around money that took place around you as a child, and many, many other subtle and invisible factors.

These internalized money mindsets can, in turn, impact your approach to money and impair your peace, happiness and well-being in ways you may not even recognize.

For instance, if you and your partner frequently argue about your financial future, if you feel sweaty and on edge every time you have to make a big purchase, or if you lie awake at night wondering if you’ll have enough to send your kid to college, it’s likely because your money habits and mindsets are hol...