What Auto Repair Shops and Small Businesses Need to Know About the New 1099-K Rules For years, small business owners have leaned on tools like PayPal, Stripe, Venmo, and Square to streamline payments. But with shifting 1099-K reporting rules finally clarified by the One Big Beautiful Bill Act (OBBBA), it’s time to take a closer […]
How small businesses can benefit from investing in innovation under new tax provisions. If you’re improving how your shop runs, whether that’s testing new tools, tweaking your internal systems, or upgrading your tech, you could be sitting on a hidden tax break. Thanks to a recent change in tax law, immediate R&D expensing is now […]
February is often a quieter month in the auto repair industry, which means it’s the perfect opportunity to review your year-end financial statements so you can make informed decisions for the year ahead! We know “financial statements” might not be the most exciting phrase in the world, but understanding them is crucial for steering […]
If you’re running a small automotive business, doing a year-end review gives you an accurate picture of your performance over the past twelve months. The information you collect gives you the opportunity to create a tangible action plan for growth as you enter 2025. While this may seem like a daunting task, it is actually […]
There’s less than one month left in 2024. Is the bookkeeping for your automotive business up to date? If you’re anything like us, you feel like this year flew by in the blink of an eye. It’s time to ensure that your books and reports are squared away as this year comes to an end. […]
