Most small business owners do not decide when to hire a bookkeeper on a calm afternoon. They decide it in a panic, three days before a tax deadline, staring at a shoebox of receipts. Or they use their bank balance Read more
Most business valuations give the owner one number. That is a mistake. A business is not worth the same amount to every buyer because not every buyer sees the same opportunity, risk, or future use. A financial buyer, an investor, Read more
You’re ready to sell your business. Whether you’re ready to retire, experiencing a major health event, or some other reason, you’ve decided to exit. You have an idea of how much your business is worth but most owners guess too Read more
Most small business owners know their pricing is too low. What they don’t have is a small business pricing strategy that tells them how far behind they are — or what to do about it. They’ve probably known for a Read more
When you’re running a business, you’re already juggling operations, customers, and the work you’re actually good at. The financial titles start to blur together. Bookkeeper, tax preparer, CFO — they can feel like one big “someone who handles the money” Read more
Yes. You can appeal an IRS lien or levy through one of two procedures: Collection Due Process (CDP) or the Collection Appeals Program (CAP). They are not interchangeable. A timely CDP hearing can preserve your right to later review by Read more
Payroll Tax Trouble: How an Enrolled Agent Stopped an IRS Levy and Tackled a Trust Fund Recovery Penalty A payroll tax levy is one of the most serious IRS collection threats a small business can face. When a business withholds Read more
Your Bank Balance Is Not Your Scorecard Most nurse entrepreneurs manage cash by watching the bank account. If it looks okay, keep moving. If it looks low, panic. That system works until it doesn’t. When it stops working, it usually Read more
Many Taxpayers Still Have Not Claimed Their 2022 Refunds Most people think an unfiled tax return matters only when they owe money but that’s not always true. Sometimes a person skips filing, but the government owes that person a refund. Read more
IRS Identity Protection PINs Can Help Stop Tax Fraud Tax identity theft is a real problem. But using an Identity Protection PIN can minimize your risk of tax fraud and give you peace of mind. Read on to learn more Read more
Shaw is co-owner of Simple Finances® and leads the firm's IRS representation and business valuation and exit planning services. His CEPA® credential anchors the valuation practice, helping business owners understand what their company is worth and how to build value before a sale or transition.
Georgene is co-owner and CEO of Simple Finances®. She brings 18 years of healthcare administration experience and over 8 years in the financial industry to help clients improve their bookkeeping and financials and ensure tax compliance and efficiencies. She leads the firm's financial leadership services, with a focus on nurse entrepreneurs and healthcare practitioners building their own businesses.