Avoid costly bookkeeping mistakes that drain your profits. Learn how to fix small business accounting errors and avoid bookkeeping problems with expert guidance from AEM Accounting LLC. Why Bookkeeping Mistakes Are More Expensive Than They Seem Many business owners underestimate how much bookkeeping mistakes can cost. A missed expense or an unrecorded payment might seem […]

Learn the key differences between cash flow vs profit and why both matter for your business’s success. Discover how smart cash flow management keeps your company running smoothly. Understanding the Basics When business owners review their financials, they often focus on one number – profit. But here’s the truth: profit doesn’t always equal cash in […]

Running a small business means wearing a lot of hats; but “tax expert” doesn’t have to be one of them. Still, missing out on key deductions can mean you’re leaving money on the table. 💸 To help you maximize your savings, here are five commonly overlooked tax deductions that can make a real difference when […]

Introduction: A Tax Break for Hardworking Americans Starting in 2025, a landmark provision in the One Big Beautiful Bill Act (OBBBA) introduces a valuable deduction: up to $12,500 of your overtime “premium” pay (or $25,000 for joint filers) can be excluded from federal taxable income, making overtime earnings effectively tax-free, with some limitations. KiplingerIRSWikipedia What […]

The SALT Deduction: A Quick Refresher The State and Local Tax (SALT) deduction allows taxpayers to deduct certain taxes paid to state and local governments – including income, property, and sales taxes – on their federal tax returns. However, the Tax Cuts and Jobs Act (TCJA) of 2017 capped the SALT deduction at $10,000, disproportionately […]