Small Business Financial Audit Guide

Your First Financial Audit: What Small Business Owners Need to Know

Your first financial audit can feel overwhelming—like that dentist appointment you’ve been putting off. The anticipation is often much worse than the actual experience, and understanding what to expect can help ease those pre-audit nerves. At CJG Partners, we guide small and mid-market businesses through audits regularly, and we’re here to help, not to catch …

Business valuation timing insights CJG Partners

When Is the Right Time to Get a Business Valuation?

Understanding your company’s true value is the foundation of every major business decision you’ll make. But when exactly should you invest in a professional business valuation? The timing can make all the difference in maximizing your business’s potential. It’s Never Too Early According to business valuation expert Hank Boone, there’s “never a wrong time” to …

stack of papers with a magnifying glass sitting on top Audit Review Compilation Assurance

Audit, Review, or Compilation: Which Assurance Service Does Your Business Need?

For many small business owners, the need for assurance services is clear, but choosing the right option often feels like navigating a maze. Assurance services are independent professional services that enhance the reliability and credibility of information for decision-makers. These services, often provided by CPAs, assess the accuracy and effectiveness of financial information, internal controls, …

CJG Partners Business Tax Strategy Insights

From Real Estate to Startups: 5 Tax Strategies Your Business Needs to Know

Building on the foundational strategies from part one of our tax planning strategies series, let’s explore five additional tax planning strategies that can impact your bottom line. These strategies encompass a range of approaches, from real estate optimization to startup incentives and entity selection. Cost Segregation Study: Accelerating Real Estate Deductions If you own commercial …

4 tax strategies save business thousands

4 Tax Strategies That Could Save Your Business Thousands

Thoughtful tax planning can be the difference between keeping thousands in your pocket or sending them to the IRS. While many business owners focus on growing revenue, the most successful ones understand that strategic tax planning is equally important for building wealth. Here are four powerful strategies that can significantly reduce your tax burden. Cash …

Personal tax changes under OBBBA

How the One Big Beautiful Bill Act Affects Your Personal Taxes

While much attention has focused on the One Big Beautiful Bill Act (OBBBA) business tax provisions, the legislation also delivers significant individual tax changes that directly impact business owners and their families. From enhanced estate planning opportunities to new temporary deductions, these personal tax modifications create both immediate benefits and long-term planning considerations that should …

OBBBA tax changes CJG Partners

OBBBA Tax Changes: What Your Business Needs to Know

President Trump’s signature on July 4th delivered comprehensive tax reforms that will reshape the business tax landscape. The One Big Beautiful Bill Act (OBBBA) preserves numerous expiring business tax benefits while introducing new cuts aimed at promoting economic growth. For small to mid-market businesses, these changes present significant planning opportunities worth exploring. Business Tax Benefits …

Estimated tax deadline 2025 CJG Partners

An essential tax deadline is coming up — and it’s unrelated to your 2024 return filing

Tuesday, April 15 is the deadline for filing your 2024 tax return. But another tax deadline is coming up the same day, and it’s essential for certain taxpayers. It’s the deadline for making the first quarterly estimated tax payment for 2025 if you’re required to make one. Basic details You may have to make estimated …

5 QuickBooks reports

5 QuickBooks reports to review each month

Understanding your business’s financial health is essential for long-term success. QuickBooks® offers a powerful reporting tool suite that can provide critical insights to support decision-making and help you comply with accounting and tax rules. Accrual-basis QuickBooks users should get in the habit of reviewing the following five reports monthly to keep their finances in check …

5 Common Forms of Payroll Fraud Faced By Employers

For employers looking to safeguard their organizations from fraud, payroll is among the most obvious targets they must protect. That’s where the money is, after all. Payroll can stand out as a bright red bullseye for criminals if not carefully guarded. How bright? In its Occupational Fraud 2024: A Report to the Nations, the Association …