THE SMALLBIZ BUILDER | VOL. 7 2024

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We're here to bring the best small business insights straight to your inbox. Read the latest tax news, dive into top issues and get tips of the trade from our team of trusted advisors.

Looking to hire teens for summer jobs? It's crucial to understand federal and state laws governing youth employment. The Fair Labor Standards Act (FLSA) outlines specific provisions based on age, ensuring young workers are protected while working. If you’re considering hiring your own children, be aware of tax implications and regulatory requirements. Our blog covers the rules to help you with compliance and understanding the tax implications.

From the start, business owners should proactively manage cash flow to support smooth operations and sustained success.

As cyberattacks become more common, businesses must view malicious cyberactivity as a certainty rather than a possibility. Is your company prepared with a comprehensive cybersecurity strategy to protect against these threats?

Ann Peden’s journey from nurse to jewelry entrepreneur took off when she partnered with Padgett Watkinsville, allowing her to focus on creativity while Padgett handles finances. Discover how Padgett helped Ann keep her business her "happy place."

Are you offering deals and discounts to celebrate the summer season? While these promotions can attract customers and boost sales, they can also impact your financial records. A few key considerations to think about are revenue adjustments, profit margins, and accounting adjustments.

Your small business is the heartbeat of your entrepreneurial journey.

As fellow small business owners, we understand the dedication it takes to keep that heart beating strong. That's why we offer comprehensive tax, accounting, payroll, and advisory services tailored to support you every step of the way. Our expertise allows you to focus on what truly matters – growing your passion while we handle the financial complexities. Together, we'll pave the path for your business to thrive and your dreams to soar.

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Padgett is dedicated to meeting the tax, accounting, payroll, compliance and business consulting needs of small businesses. This publication is intended for informational purposes only and should not be construed as tax or legal advice. Such information is by nature subject to revision and may not be the most current information available. You should seek advice from a Padgett representative or an independent advisor before acting on any of the information contained in this document. Each office is independently owned and operated.

 Padgett | 706.548.1040 | http://www.padgettadvisors.com