The fundamental goal of a business is to make a profit, not just to provide goods and services. This might seem harsh, but it’s true. The IRS can reclassify your business as a “hobby” if you do not make a profit for 3 years straight. And that would not be good for business. In comparison, having […]
23
Jun
Jun
When thinking of investments, people usually think of the Stock Market and Real Estate. Both are great investments, but neither one of those compare to the return on investment that a business owner can receive from owning and running a business. Here are a couple of simple examples that will show you how profitable owning […]
Disclaimer: The Covid 19 SBA loans are brand spanking new, so the following article is just what I have learned so far in filling out the applications online. I have no idea how many business owners will get approved and if they will receive the money fast. I hope we all receive the money fast! […]
06
Jan
Jan
This article is for those business owners who work hard, are valuable, and are tired of living paycheck to paycheck. I don’t know why, but I find pricing fascinating. Probably because “Sales” also known as “Revenue” is the most important number on any Company’s profit & loss. This number will literally “make or break you” […]
09
Dec
Dec
*This article is addressed to those business owners who have been in business at least one year. After running a business for several years, I’ve realized that no matter what a business owner charges, there will always be people complaining that the price is too high. On the contrary, when a business owner charges low […]
21
Oct
Oct
Our next Local Warrior Award recipient award goes to Specialist Jack Kowall (Army), for serving in the Vietnam War as a Scout Dog Handler. READ HIS STORY BELOW!!! Please join us for the award presentation on November 8th at 1pm, at the Office of Simpson & Simpson Accounting, 107 Weatherstone Dr., Suite 510. Woodstock, GA […]
13
Sep
Sep
When I started preparing tax returns and gaining a client here and there, I had no idea how many business owners needed help getting back on track with filing their past due tax returns. Over the last several years, we have helped many business owners with their back-taxes and greatly reduced their fears. Here is […]
22
May
May
Every business owner knows that accounting services are an essential part of their business, however, oftentimes these services don’t get the attention that they deserve. Why? Because accounting tasks aren’t the sexiest part of a business, and they typically aren’t any fun for a business owner to pay for each month, but they are extremely […]
20
May
May
Josh Simpson, Army Veteran and owner/CPA of Simpson & Simpson Accounting, LLC loves to give back to fellow veterans! On 5-17-19, Josh Simpson presented the Local Warrior Award to SPC Soyini Stewart – for Operation Enduring Freedom Veteran, in Kosovo (OEF). Here is her story: “While working as a nurse in the military, my job […]
09
Apr
Apr
Have you heard the business advice that goes like this: “You can have fast, good, and cheap, but you can’t have all three of these at the same time.” This advice applies to getting your tax return completed, as well. If you think about it, rushing to get your tax return completed within the last […]