Small business - CJG Partners LLP

Bank Audit Requirements: What Triggers Them and How to Prepare

by CJG_AdminAssurance Services April 22, 2026April 7, 2026No Comments

Spring is a busy time for business financing. Companies pursuing term loans, lines of credit, or equipment financing often discover (sometimes for the first time) that their lender requires a financial statement audit. If that’s where you find yourself, understanding what bank audit requirements are needed and how to prepare can make the process significantly …

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Home Office Tax Deductions for Business Owners

by CJG_AdminBusiness Tax April 8, 2026April 7, 2026No Comments

If you run your business from home, even part of the time, you may be able to deduct home office expenses on your tax return. The deduction can meaningfully reduce your taxable income, but the IRS has specific rules about who qualifies and how the deduction is calculated. Here’s what business owners need to understand. …

How a Net Operating Loss Could Reduce Your Future Tax Bill

by CJG_AdminBusiness Tax March 18, 2026March 3, 2026No Comments

Even well-run businesses have down years. Revenue dips, unexpected expenses pile up, or an economic shift hits harder than anticipated. What many business owners don’t realize is that a loss year doesn’t have to be a total write-off. The federal tax code includes provisions that may allow those losses to reduce your tax burden in …

Does Your Company Need a 401(k) Audit? What to Know and How to Prepare

by CJG_AdminAssurance Services March 11, 2026March 11, 2026No Comments

For many businesses, summer is prime time for a 401(k) audit. The bulk of this work happens between May and September, so if your plan includes an audit requirement, now is the time to get your documentation in order. A little preparation now goes a long way toward a smoother process later. Does Your Business …

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Cash Flow Planning: Mastering Your Company’s Financial Rhythm

by CJG_AdminBusiness Financial Planning February 18, 2026February 23, 2026No Comments

Cash flow is the lifeblood of your business. Without it, operations grind to a halt regardless of how profitable you look on paper. Understanding how money moves through your business gives you the control you need to make strategic decisions and weather challenging periods. Understanding Your Cash Flow Cycle Cash flow planning starts with recognizing …

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Is Your CPA Really Looking Out for You?

by CJG_AdminThe CJG Differenece December 3, 2025December 17, 2025No Comments

You know that feeling when tax season rolls around and you realize you haven’t heard from your CPA since last April? That knot in your stomach isn’t just stress about taxes. It’s your gut telling you something’s off in this relationship. A great CPA does more than crunch numbers and file forms. They should be …

Understanding the Qualified Business Income Deduction (QBI)

by CJG_AdminBusiness Tax November 19, 2025March 9, 2026No Comments

The qualified business income deduction (QBI) has been a valuable tax benefit for business owners since its introduction in 2018. This powerful provision allows eligible taxpayers to deduct up to 20% of their qualified business income, offering significant tax savings that help businesses reinvest in growth and operations. With the recent passage of the One …

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The Hidden Risks of Not Having a Buy-Sell Agreement

by CJG_AdminSuccession Planning November 5, 2025December 17, 2025No Comments

If your business has multiple owners, there’s one document you absolutely need but might be overlooking: a buy-sell agreement. This essential document spells out exactly how an owner can sell their stake in the business, whether to another partner or a third party. Think of it as a roadmap for what happens when an owner—or …

Small Business Financial Audit Guide with CJG Partners

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

by CJG_AdminAssurance Services September 3, 2025February 23, 2026No Comments

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 …