W. E. Stevens, PC

Secure a Safe Harbor 401(k) Before October 1: Why Q3 Is Your Window of Opportunity

Secure a Safe Harbor 401(k) Before October 1: Why Q3 Is Your Window of Opportunity If you’ve been thinking about offering a 401(k) to your employees — or improving your own retirement savings as a business owner —

Smart Retirement Savings for Entrepreneurs

UPDATED FOR 2025 – 2/3/25 4:44 PM Dear Client, When it comes to saving for retirement as a small business owner, you have several options. Here’s a quick guide to help you choose the best plan for your

Discover Your Tax Savings!

Dear Client, Many taxpayers find the differences between tax planning and tax preparation confusing. What’s the point of tax planning? Won’t you owe the same amount no matter what? Let’s take a look. Tax Planning Tax planning involves

Reevaluating Risk Tolerance at Different Life Stages

Risk tolerance is not static. It evolves as personal circumstances, financial responsibilities, and long-term goals change. Reevaluating risk tolerance at different life stages helps ensure that investment strategies remain aligned with both financial needs and emotional comfort. Early

July 30, 2026July 28, 20262 Min Reading

5 Tips for Managing Inventory in QuickBooks Online

Running out of products? Stocking too many? How QuickBooks Online can help solve both problems Maintaining a healthy inventory of products to sell is always a balancing act. And it usually involves a lot of trial and error

June 18, 2026April 18, 20265 Min Reading

Payroll Onboarding: A Step-by-Step Checklist for New Employees

Adding a new team member is exciting—but onboarding them into payroll can be tricky if you’re not prepared. Missing key details like tax forms or direct-deposit setup can delay paychecks and frustrate your new hire. A clear onboarding

May 18, 2026April 18, 20262 Min Reading

Regular Reviews of Your Business’s Operating Health Are Essential

Small business owners who conduct regular reviews of their business’s operating health are more likely to detect potential issues before they develop into major problems. Certain areas — cash flow, gross profit margin, receivables, among several — should

April 18, 20263 Min Reading

How Technology Expenses Are Treated for Tax Purposes

Technology plays a central role in how businesses operate in 2026. From cloud-based accounting software to project management platforms and cybersecurity tools, digital expenses are now a core part of doing business. However, many business owners are unsure

February 13, 2026February 9, 20262 Min Reading

Is It a Hobby or a Business?

You may have dreams of turning your hobby into a profitable business, one that might eventually grow into a successful, full-time business. If you’ve yet to earn a profit, you may wonder if you can still deduct your

January 5, 2026October 2, 20252 Min Reading

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