Navigating Small Business Accounting Challenges

Sep 20, 2024 | Customized Accounting Series

Navigating Small Business Accounting Challenges

In this insightful event, we reviewed and explored innovations that shaped the accounting landscape, emerging trends, changes in accounting approaches, and the need for accurate and timely reporting. We discussed some of the biggest challenges small businesses face: cash flow, adequate support, accurate financial reporting and forecasting, profitability, automation, and AI.

You can view the PowerPoint slides from the presentation below for a more detailed overview of the topics covered.

We will be holding more events as part of our “Customized Accounting Series.” Stay tuned for further details on upcoming sessions!

One Big Beautiful Bill Act / Evolution of AI

One Big Beautiful Bill Act / Evolution of AI

BDO Digital Presentation BDO Digital’s discussion on how emerging technologies are rapidly changing financial processes, decision making, and operations at businesses across the country.Download the Presentation OBBBA Presentation The One Big Beautiful Bill Act of...

What to Know If You Receive an IRS Notice

What to Know If You Receive an IRS Notice

Notices from the IRS are more common than you may realize. Each year, the IRS mails millions of letters to clarify information, confirm changes or request additional documentation. Receiving a notice may seem intimidating, but most notices can be addressed quickly...

The IRS Criteria for Distinguishing Hobbies From Businesses

The IRS Criteria for Distinguishing Hobbies From Businesses

Turning a favorite pastime into income can be rewarding, but it raises an important tax question: Is the activity a hobby or a business? The answer matters because different tax rules apply to each. All income must be reported on your tax return, regardless of whether...

Common Growth Mistakes Small Businesses Make

Common Growth Mistakes Small Businesses Make

A recent survey found that 45% of small businesses reported growth, but 78% wanted to grow. This January 2026 data from Intuit QuickBooks Small Business Insights suggests that many small businesses are struggling to achieve their expansion goals. Small businesses...

Are College Scholarships Really Tax-Free?

Are College Scholarships Really Tax-Free?

Generally, scholarships received by degree candidates are tax-free to the extent they’re used for qualified tuition and related expenses. These include tuition, mandatory fees and required books, supplies and equipment. Amounts used for nonqualified expenses — such as...