top of page

Financial Wisdom
WELCOME TO
OUR BLOG
Search


The Simple System That Helps Entrepreneurs Save 💰 Without Thinking About It: Meet Currence
As entrepreneurs, we’re often the last people to prioritize our own financial wellbeing. We get the bills paid, we reinvest in the business, and maybe—if there’s anything left—we think about saving.But what if there were a better way?What if saving and investing didn’t depend on willpower, budgeting spreadsheets, or complicated systems?That’s where Currence comes in.
Allison L. Reynolds, CPA
Sep 23 min read
Â
Â
Â


8 Easy Steps to Track Your Mileage for Tax Deductions
If driving is part of how you do business—meeting clients, making deliveries, running errands—those miles could be working in your favor come tax season.
Allison L. Reynolds, CPA
Aug 152 min read
Â
Â
Â


💰 Money Smart, Business Strong: 7 Reasons to Master Financial Literacy 📈📚
Whether you're applying for a working capital loan, financing equipment, or simply managing everyday bills, having a solid grasp of financial concepts empowers you to make smarter decisions and take control of your business’s future.
Allison L. Reynolds, CPA
Jul 293 min read
Â
Â
Â


⛽Fuel Your Finances: Cash Flow that Works🔥
Cash flow is the foundation of any small business. While revenue may be the big-picture goal, managing the timing of money moving in and out of your business keeps your operations alive and healthy.
Whether you are in your first year or scaling up fast, understanding and mastering your cash flow is essential for long-term success. Here is how to take control and keep your finances on track.
Allison L. Reynolds, CPA
Jul 152 min read
Â
Â
Â


How to Build a Profitable Small Business: Financial Foundation Tips Every Entrepreneur Needs
A solid financial foundation is the bedrock of every successful business. Without it, even the most innovative products or services can falter. Whether you're just getting started or looking to strengthen your current operations, here’s a practical guide on how to build a strong financial foundation for your small business.
Allison L. Reynolds, CPA
Jun 103 min read
Â
Â
Â


What To Look For When Choosing A Qualified Tax Preparer
You can find a tax preparer through personal recommendations from friends or colleagues, by consulting a professional organization, or even by checking a directory. However, it’s essential to choose carefully, as you are ultimately responsible for all the information on your tax return.
Allison L. Reynolds, CPA
Mar 282 min read
Â
Â
Â


Tennessee Annual Report Reminder
Maintaining compliance with state regulations is crucial for Tennessee businesses. One important requirement is filing the Annual Report with the Tennessee Secretary of State. This report ensures that business information remains up to date and that entities remain in good standing.
Allison L. Reynolds, CPA
Mar 122 min read
Â
Â
Â


Expense Tracking 101: A Practical Guide to Financial Awareness
Tracking expenses is crucial to achieving financial stability and better money management.
Allison L. Reynolds, CPA
May 3, 20242 min read
Â
Â
Â


Navigating Mileage Deductions: A CPA's Insight on the Importance of Mileage Tracking
Navigating Mileage Deductions
Allison L. Reynolds, CPA
Apr 6, 20243 min read
Â
Â
Â


What You Need to Know Before Hiring Your Child as an Employee
A common set of questions we get goes something like this: "I'd like to set my son/daughter up as an employee and would like to hear more...
Allison L. Reynolds, CPA
Mar 28, 20245 min read
Â
Â
Â


The Role of a CFO and How it is Evolving Over Time
This post features what a chief financial officer does and how their role is changing with the times.
Allison L. Reynolds, CPA
Sep 1, 20232 min read
Â
Â
Â


Run Your Business with More Clarity – Outsourced CFO Benefits
An outsourced CFO is helpful when you want an expert to manage your business's finances, but you don't need a six figure salary
Allison L. Reynolds, CPA
Aug 5, 20232 min read
Â
Â
Â


Bonus Depreciation Extended through 2026 Under the Tax Cuts and Jobs Act
Take advantage of the extended bonus depreciation through 2026 wherein the benefit allows 100% bonus depreciation for long-term assets.
Allison L. Reynolds, CPA
Feb 21, 20232 min read
Â
Â
Â


How to Develop and Improve Business Accounting Systems
How to Develop & Improve Business Accounting Systems: Your business accounting system can do more than just keep up with inflows & outflows
Allison L. Reynolds, CPA
Aug 28, 20222 min read
Â
Â
Â


6 Critical Tips For Effective Payroll Processing
6 Critical Tips For Effective Payroll Processing: payroll may be one of the most critical operations of your business.
Allison L. Reynolds, CPA
Jul 13, 20222 min read
Â
Â
Â


The Formula for a Small Business Success
50% of small businesses fail in the first four years. So what really contributes to increasing chances of entrepreneurial success?
Allison L. Reynolds, CPA
Jul 6, 20223 min read
Â
Â
Â


What Makes a Great CFO?
CFOs are vital to the success of an organization. So what makes a great CFO?
Allison L. Reynolds, CPA
Mar 22, 20221 min read
Â
Â
Â


Hidden QuickBooks Features That Will Save You Time
Hidden QuickBooks Features That Will Save You Time. QuickBooks is one of the most comprehensive accounting software packages on the market
Allison L. Reynolds, CPA
Dec 19, 20212 min read
Â
Â
Â


Understanding the Balance Sheet
Understanding the Balance Sheet. The Balance Sheet allows you to see your assets, liabilities and owner equity/retained
Allison L. Reynolds, CPA
Nov 17, 20212 min read
Â
Â
Â


How Successful Business Owners Read a Profit and Loss
How Successful Business Owners Read a Profit and Loss. It is a useful tool for monitoring your company’s financial standing
Allison L. Reynolds, CPA
Nov 9, 20212 min read
Â
Â
Â
bottom of page


