Blogs

Many business owners look at their profit and loss statement and assume they’re in good shape. But if your bank balance doesn’t reflect that supposed profit, there’s a critical misunderstanding at play. At DWG CPA, we work with countless businesses that appear profitable on paper but are cash-strapped in reality.

As your business grows, so does the complexity of your finances. What started as a manageable set of transactions soon requires cash flow forecasting, strategic tax planning, risk mitigation, and detailed financial reporting.

When you’re leading a mission-driven organization, your focus is naturally on impact. But behind every successful nonprofit is a solid financial foundation—and that requires more than just glancing at the bank balance. For nonprofit boards, staying engaged with the right financial metrics is essential to ensuring sustainability, accountability, and strategic growth.

Every entrepreneur eventually hits the same fork in the road: “How should I structure my business for tax purposes?”

On the surface, business incorporation might seem like a technical detail, just a matter of paperwork. But the decision between forming an S Corporation (S-Corp) or a C Corporation (C-Corp) can fundamentally change how much tax you pay, how you raise money, and even how your company grows over time.

In the world of business finance, few concepts are more misunderstood than the relationship between bookkeeping and accounting. Entrepreneurs and business owners often use these terms interchangeably, assuming they perform the same function. But while both are essential for maintaining financial order, they serve very different purposes.

Taxes are one of the few things in life that don’t wait—and in 2025, missing a tax deadline can cost your business or household both money and peace of mind. Whether you’re a small business owner, a freelancer, or simply filing your individual return, knowing what’s due and when is essential.