New 2025 Business Mileage Rate: Why It Matters and How to Track Your Miles Like a Pro
The IRS has announced the new standard mileage rate for business use of a vehicle in 2025: $0.70 per mile. That’s an increase from the 2024 rate, reflecting inflation and rising vehicle-related costs. For small business owners, freelancers, and anyone who uses their...
The SBA Franchise Directory Returns: What It Means for Franchise Lending in 2025
The U.S. Small Business Administration (SBA) is set to reinstate its Franchise Directory on June 1, 2025, marking a significant development for franchisors, franchisees, and lenders alike. Originally introduced in 2018, the directory served as a centralized resource...
Tax Advice from A Founding Father
“If you fail to plan, you are planning to fail.” – Benjamin Franklin Founding Father Benjamin Franklin’s admonishment continues to hold significance more than 100 years later and can certainly be applied to business strategies such as finances and accounting....
Leading and Lagging KPIs: Understanding the Metrics That Drive Business Success
When it comes to business performance management, Key Performance Indicators (KPIs) serve as vital tools for tracking progress and guiding strategic decisions. Among these, leading and lagging measures play distinct yet complementary roles in providing a comprehensive...
A Business Owner’s Guide to Post-April 15 Tax Deadlines
Now that the April 15th tax deadline is behind us, it might be tempting to take a break from anything tax related. However, as a responsible taxpayer, it's important to stay on top of upcoming deadlines to avoid any penalties or setbacks. Whether you're a business...
Elevating Business Performance with KPIs
In today's ever-evolving business landscape, developing and monitoring Key Performance Indicators (KPIs) is paramount to providing clarity and focus to your strategic plan. These metrics offer invaluable insights into your business's vitality and...
Q1 is Over – What’s Next?
The first quarter of the year can either be the driving force behind your business’s success or lead to a slow downfall over the rest of the year. It’s vital to assess progress in Q1 to see how your company can improve weak spots and continue successful tactics in the...
Maximizing Tax Savings with Section 179 for Franchise Owners
Understanding Section 179 is key for franchise owners seeking to enhance cash flow and reduce taxes. Specialized Accounting Services (SAS) simplifies how this provision benefits your business. Overview of Section 179 Section 179 lets businesses immediately deduct the...
Protect Yourself from Tax Scams
It’s crucial to remain vigilant against potential scams that can compromise your personal information and financial security, especially during tax season. As your trusted financial partner, we want to ensure you have the knowledge and tools to safeguard yourself from...
Maximizing Your Tax Strategy as a Business Owner
Operating a small business or franchise involves many responsibilities, with tax planning being a crucial yet often overlooked aspect. Here at SAS, we understand the intricate tax implications owners navigate daily. Entity type, investments, and succession are three...