Do you own a small business and wonder how much you should be paying yourself? It is a very simple question, but the answer can be pretty complex. Complex because it can depend on so many factors with your business, and also because no 2 people, businesses, or situations are alike. So it's not as easy to compare your situation with another business owner's, even if they're in the same industry. Money can be a very emotional and scary issue for some people, and figuring ou

If you own a business in California, there’s a good chance you’ve heard of Form 571-L — but many business owners aren’t exactly sure what it is or whether it applies to them. If your business owns equipment, furniture, or other physical assets, it may be required to file this annually. Here’s a simple breakdown of what it is, who needs to file, and how it impacts your business. What Is Form 571-L? Form 571-L is a Business Property Statement required by California counties.

California’s salary and wage laws are complex and frequently updated. If you are a business owner with employees, understanding these regulations is important to ensure compliance and clarity regarding employee pay. 1. Statewide Minimum Wage (Hourly Pay) As of January 1, 2026, the California statewide minimum wage is: $16.90 per hour applies to nearly all employers in California, except those covered by a higher minimum wage specific to an industry or locality. This is t

As we wrap up the year, it is good to take the time to reflect on the year that just passed. It is also a good time to prepare for the new year coming. Preparing ahead will help you reduce stress, prevent last-minute headaches with your accountant, and may even save you money. For a small business working on its own or with an accountant, here are some tips to help you prepare for year-end and address the business's financial and compliance tasks. Although every business i

Running a therapy practice is not just about helping patients —it is also about building a sustainable business. Whether you are a solo practitioner or managing a team, tracking the right financial metrics will help you make informed decisions, spot revenue opportunities, and control expenses before they become problems. To help you focus on what truly matters, here are the five most important financial KPIs every therapist should monitor consistently. Number of Patients