by Stephanie Nolan | May 13, 2025 | Accounting, Small Business
Pulling monthly financial reports is essential for a small business to succeed. Without them, it’s like a ship sailing with no map. The U.S. Small Business Administration recommends managing your financials with these reports as a regular practice. But it’s easy to...
by Stephanie Nolan | Feb 21, 2025 | Accounting, Featured, News, Small Business
February 19th, 2025 – Atlanta, GA LittleOwl CPA’s founder Tabitha Regan, CPA/PFS, CFP® was interviewed this week by America’s Small Business Network’s Lee Heisman on the hit show The Roadmap, a show aimed at informing small business owners on...
by Laxmi Patel | Jan 8, 2025 | Individual Tax, Small Business, Tax Planning
The Tax Cuts and Jobs Act (TCJA) of 2017 aimed to stimulate economic growth. Key provisions from the TCJA are set to expire on December 31, 2025 that will impact individuals. These provisions include capped deductions for state and local taxes (SALT) at $10,000,...
by Stephanie Nolan | Nov 4, 2024 | Individual Tax, News, Small Business, Tax Planning
If you have been affected by Hurricane Helene, Hurricane Milton, or another recent federally declared major disaster, you may be relieved to hear that over the past few years, it has become easier to access your work-based retirement plan and IRA money. Following is a...
by Tabitha Regan, CPA | Oct 4, 2024 | Small Business, Tax Planning
Understanding and utilizing business tax credits is crucial for small business owners looking to optimize their tax strategy in 2024. These small business tax credits, ranging from green energy incentives to employer credits and state-specific opportunities, can...
by Stephanie Nolan | Aug 14, 2024 | Small Business, Tax Planning
Understanding the difference between a hobby and a business is crucial for tax purposes. While both can bring in income, the IRS distinguishes them based on your intent to make a profit. This blog will guide you through how the IRS makes this determination, what...
