Running a business means wearing a lot of hats, especially in the early stages. Many business owners handle everything themselves at first, from sales and customer service to bookkeeping and taxes. That can work for a while, but as the business grows, financial tasks often become more time-consuming and stressful.

October 15 is your final deadline to file your federal tax return if you requested an extension earlier in the year. It is important to understand that an extension only applies to filing, not payment. Any taxes owed were still due back in April.

Life happens. Maybe things got busy, paperwork slipped through the cracks, or you simply ran out of time. Missing a tax deadline can feel overwhelming, especially when you start thinking about penalties and what comes next. The good news is that there are clear steps you can take to fix the situation. Acting quickly can help reduce penalties and limit the impact. 

Running a small business in Albuquerque takes focus, energy, and long hours. Whether you operate a landscaping company, marketing agency, home service business, or wellness practice, taxes can quickly become one of your largest expenses. 

With the introduction of the “no tax on overtime” rule in the OBBBA, many employees see a potential reason to celebrate as they head into the 2025 tax year. This may result in meaningful tax savings, but only if you are eligible. Let’s take a closer look at how the rule really works and clear up a few common misconceptions. 

Want to grow your business? Start by tracking these 10 essential metrics to measure performance and profitability.

Are you a business in the trades or resale industry and unsure how resale purchases are treated for tax purposes in New Mexico? If your profit margins feel tighter than expected and you cannot quite tell why, you are not alone. Many small business owners eventually find themselves asking the same question: Where is the money going? 

Cash flow problems can cripple a business even if sales are strong. Try these 10 strategies to help improve cash flow and strengthen your business finances.

As tax season gets closer, recent changes to the Opportunity and Business Benefits Act (OBBBA) offer new opportunities for savings and smarter planning. In this article, we’ll walk through what has changed, how these updates may benefit you, and what you can do to prepare for a smoother tax preparation here in Albuquerque. 

Running a home service company in Albuquerque is hard work. Between managing client calls, job sites, and daily operations, tax preparation often slips down the priority list. It makes sense because tracking expenses, saving receipts, and knowing which deductions apply can feel like another full-time job.

Taxes are tricky, and it’s easy to miss deductions you’re entitled to — which means you’re paying more than you should. Here are 10 tax deductions small business owners often overlook.

The final few months of the year aren’t just about holiday sales and wrapping up projects — they’re also your golden opportunity to set yourself up for a smooth (and less stressful) tax season. A little planning now can save you headaches (and potentially money) come spring.

The IRS has announced that the Work Opportunity Tax Credit (WOTC) remains available through December 31, 2025. This program provides meaningful tax incentives to employers who hire individuals from targeted groups that have historically faced significant barriers to employment.

You didn’t start your business to spend hours categorizing expenses and chasing receipts — yet here we are. Outsourcing your bookkeeping can free up your time, reduce stress, and help your business thrive.

Running a business is exciting — but messy books can quietly drain your time, energy, and profits. Here are the Top Ten Bookkeeping Mistakes I see small business owners make (and how to avoid them).