At Pine & Co., the health of our team, clients, and families is of upmost importance. In support of community health during the COVID-19 pandemic, our team has shifted to remote work. Rest assured, this temporary operational change will not impact our services. Click here for more information.
Financial Benefits of a Remote Workforce

The Financial Benefits of Remote Employees

By | Business Finance, Small Business Owners

Right now, you’re more than likely asking yourself: How can I cut costs for my small business?  Finding smart ways to reduce expenses will not only help your business recover in the short-term, but it will also mean leaner, more profitable operations in the years to come. One result of our communities’ efforts to “flatten the curve” was an unprecedented wave of remote work. For some businesses, their services, business model, and technology made it an easy transition. For others, it meant abandoning certain products or services and innovating to maintain cash flow. The abrupt social distancing was not an…

Read More
Covid-19 Economic Solutions

COVID-19 Economic Solutions: Reasons for Hope

By | News, Accounting, Business Finance, Personal Finance

COVID-19 Economic Solutions: Reasons for Hope At Pine & Company CPAs, we believe there are many reasons for hope. The current plan offered by the Treasury Department would likely do wonders and keep most (if not all) businesses open in order to take advantage of economic recovery when it comes. We encourage you to take a look at the proposal by clicking below: A Current Treasury Department Proposal Pine & Company CPAs Is Here to Help We at Pine & Company CPAs are committed to supporting the success of small businesses throughout North Texas. While we are in the midst of a…

Read More
Employer Information from the Texas Workforce Commission

Employer Information from the Texas Workforce Commission

By | Small Business Owners, Business Finance

The below-pasted email was sent to all business owners and employers in Texas. It offers some good employer information from the Texas Workforce Commission. Employer Information from the Texas Workforce Commission Dear Texas Employers, With uncertainty surrounding COVID-19, the Texas Workforce Commission continues to offer Texas employers our full support. From legal questions regarding work from home policies to resources for loans, we are here to answer your questions and help ensure things go as smoothly as possible. This is not a normal email list we distribute to, but with the impact of the COVID-19, we wanted to reach out…

Read More

Does My Small Business Need a Controller or a CFO?

By | Accounting, Business Finance

You’ve heard the saying. It goes something like, “Growth is a good problem to have.” This may be true, in theory, but growth that occurs too quickly can put your small business at risk. A recent Inc.com article illustrates how financial controls and cash flow can be risk factors occurring as a result of high growth. Could an outsourced turn key accounting service or an outsourced controller be the answer? Here we discuss the difference between the two and when it may be appropriate to engage both. If you’re questioning whether your small business may need help with financial management,…

Read More
Small Business Tax Planning Tips for the End of the Year

A Year-End Checklist for Your Small Business

By | Business Finance, Taxes

As 2019 comes to a close, Pine & Co. can help you with cost-saving tax strategies for your small business. Reach out before December 9 to get started. As another year ends, it’s good to take time to assess the things you’ve done over the previous 12 months, while also preparing for the future. When you’re a company owner or comptroller, the fourth quarter takes on additional importance with regards to small business tax planning activities. No matter if this is your first year handling your organization’s filing or you’re a seasoned veteran, early preparation can streamline the process and…

Read More
5 Time-Savings Tips for QuickBooks Users

5 Time-Saving Tips for QuickBooks Users

By | Business Finance, Accounting

If you’re running a small business, it’s probably safe to say you don’t have lots of extra time on your hands. With the time you do have, you more than likely want to focus on the big, inspirational, long-term goals that will grow your company (not on the small — but necessary — tasks like writing checks and invoices). When you get the chance to save a few minutes here and there on small tasks, it’s a smart move for your business (and your sanity). Accounting software like QuickBooks is a great way to eliminate hours of time on accounting…

Read More

Little-Known Tax Write-Offs Your Small Business Could be Making

By | Business Finance, Taxes

Tax season may traditionally run from January to April 15, but preparing for tax season is a year-round job for business owners. When we discuss tax liability with clients, write-offs are one thing clients get excited to discuss (because everyone likes to save money!). Below, we explore a few of the lesser-known tax write-offs (or deductions) that correlate to things you may already be doing, but not taking full financial advantage of (such as purchasing software, hiring veterans, or even attending educational programs). Below, view our list to see if you could be missing out on valuable tax deductions this…

Read More
tips for small business financial goals from Pine & Co.

6 Tips to Refresh Your Business’ 2019 Goals

By | Business Finance

Summertime can mean extra vacation time and slower days, but it also marks the halfway point of the year. It’s a good time to take quick stock of the year’s progress and fit in a mid-year review of your small business’ 2019 goals. By June, the excitement of January’s goal-setting can seem like a distant memory. Renew your dedication to the future success of your business by making time to sit down and go over the current progress of your 2019 goals. Review your financial, marketing, management, professional development, and other goals; doing so will help you advance your business…

Read More
Top 10 Deduction Mistakes Small Businesses Make

The Top 10 Deduction Mistakes Small Businesses Make

By | Taxes, Business Finance

When small business owners make tax deduction mistakes, it can be costly. The costs go beyond the likelihood of an audit by the IRS and actually impact the bottom line. Think about this: you could be overpaying your tax responsibility. That would be an expensive bummer because the IRS will more than likely consider it a “gift”. On the other hand, you could miscalculate or over-deduct and face the additional cost of penalties due to the IRS. Nobody wants that. Finally, you could be leaving money on the table by not taking advantage of all the tax savings opportunities you…

Read More

Small Business Accounting 101: Get Your Startup Started Right

By | Business Finance, Accounting

One out of every three business start-ups don’t survive beyond the first two years. One key to success is laying a good foundation for your startup at the beginning. Below are some questions you’ll need an answer to. As you read, keep in mind that Pine and Company is happy to help each step of the way. We get excited about startups being successful. Don’t hesitate to reach out for help. Does your startup have a business plan? A good business plan sets the framework for a new business. Writing one serves a few purposes, not the least of which…

Read More

19 Ways an Accountant Can Benefit Your Small Business

By | Accounting, Business Finance

Small business owners often look for ways to cut costs, especially in the startup phase of their business. However, DIY accounting could be more costly than hiring an accounting firm if for no other reason than missing valuable tax deductions. The benefits accountants offer small businesses go well beyond that, though. Accounting for Startups Starting a business is exciting. The dreaming, the visioneering, the possibilities, the newness of it all… It’s intoxicating. Then comes the time to crunch numbers. It can make you want to feel intoxicated in a completely different way. Accountants serve as good advisors and could be…

Read More
Why Your Business Needs an Accounting System

Why Your Business Needs an Accounting System

By | Accounting, Business Finance, SuccessWatch

A common question we receive from our clients is, “Does my business need an accounting system and, if so, which one should I use?” Our answer, in short, is a resounding yes. Without question, all businesses, small or large, need to be using an accounting system. Without one, it becomes extremely likely that important items will fall through the cracks, causing a huge headache later down the line. But before we get into which accounting systems we recommend, let’s discuss why they’re so important for your business. Why Your Business Needs an Accounting System There are many reasons businesses should…

Read More

Should I Consult a CPA Before Starting a Business?

By | Business Finance, SuccessWatch

Before starting a business, most people know they should consult an attorney, but many don’t think to consult a CPA. In fact, it’s not just a good idea to meet with a CPA before starting your business – it’s a must. Entrepreneurs preparing to embark on a new business venture will often try to save as much money as possible during the start-up phase, but choosing not to seek out professional advice from a CPA is the wrong place to cut corners. Yes, you can certainly set up a new business on a convenient legal website and get by without…

Read More
Should You Consider Outsourced Accounting Services?

Should You Consider Outsourced Accounting Services for Your Small Business?

By | Accounting, Business Finance

Have you been wondering whether or not to outsource accounting for your business? If you’re like most small business owners, you’ve considered hiring a CPA to manage your books or keep track of payroll. But have you ever really found the help you need to streamline your financials and stay on top of taxes? On the other hand, has the DIY approach been failing you? You see, the vast majority of small business owners don’t come from backgrounds in finance. While they may be equipped with the entrepreneurial spirit, expertise in their field, and knack for business, the accounting aspect…

Read More