Amy Northard, CPA - The Accountant for Creatives

If you own a small business, then you’ve likely heard the terms “franchise tax,” “gross receipts tax,” and “privilege tax,” but you may not be clear on the difference between these and how these taxes can impact your business profits. In today’s post, I’ll explain how these state-level business taxes differ, and I’ll show how understanding them can strengthen your business’s ...

As a CPA working with small business owners and families, I’ve been getting a lot of questions about the new “Trump savings account” for children. Mostly, my clients want to know if they should open one and how it’s different from a 529 plan. In today’s post, I’ll explain the differences in these investment accounts for kids so that you can make an informed decision about how...

For small business owners, sales tax can feel like a confusing part of running your business. After working with hundreds of entrepreneurs, including online sellers using all sorts of platforms, I can tell you that sales tax mistakes are incredibly common, but they’re also completely avoidable with the right knowledge.

In today’s post, I’m answering the most frequently...

If you’re a small business owner, the word “audit” can feel intimidating. Clients facing an audit often assume the worst, but the truth is that an audit is usually manageable if you’re organized and proactive.

As a CPA who works with small business owners, I’ve helped many clients navigate audits smoothly and often with minimal stress. In today’s post, I’ll walk you t...

Selling a business is not just a legal or financial transaction; it is also a tax event. Understanding the tax implications before you sell can help you avoid surprises and potentially save you a significant amount of money. In today’s post, I’ll answer the most common tax questions that I hear from small business owners who are thinking of selling their business.