What strong businesses get right early on

THE SMALLBIZ BUILDER | VOL. 5 2026

We're here to bring the best small business insights straight to your inbox. Read the latest tax news, dive into top issues and find key monthly deadlines and answers to real client questions.

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Q2 already...how did that happen?

Now’s a good time to take a step back and look at where your business stands: what’s working, what’s not, and what needs a little attention before things get busy again.

We pulled together 5 simple tips to help you reset and stay on track for the rest of the year.

And if you’re feeling a little unsure about your numbers, you don’t have to figure it out on your own. We’re here to help you understand what your numbers are telling you and where to focus next.

Here are 5 ways to reset and refocus this quarter

Latest news

Strategic partnerships: Grow now, keep your options open later

A smart partnership isn’t just about sharing work. It’s about building a stronger, more scalable business.

Here’s where strategic alliances can create real value

Starting a business? 5 things you need to know

Most new business owners focus on growth, but the real foundation starts behind the scenes.

Learn how to support long-term success

Building from the ground up: How Endurance Industries built a stronger foundation with Padgett

What started as two teenagers mowing lawns has grown into Endurance Industries, a multi-brand outdoor living company built through years of trial, growth, and learning the hard way. Michael Schwieters and Nathan Schlosser share how stronger financial systems, better visibility into their numbers, and the right accounting partnership helped transform chaos into a business built to scale.

Read their full story here

View Padgett's recent blog posts >>

Financial Literacy for Small Business Owners

As things start to slow down a bit for summer, it can be a good time to catch up on the parts of your business that often get pushed aside—like understanding your numbers. Our Financial Literacy for Small Business Owners whitepaper breaks down key financial concepts in a practical, approachable way, with insights and stories from real business owners who’ve been there too.

Grab your free copy

Here's what's due this month

May 11

Employees: Report tips of $20 or more to employers (April 2026 tips).

May15

Partnerships & S Corporations: File Form 8752 if on fiscal year under Section 444 election.

View future deadlines to stay ahead >>

Ever feel like you’re figuring things out as you go? In Sound Familiar?, we answer real questions from small business owners navigating the same challenges. This month’s question comes from someone starting a horse boarding business.

Question

"I’m starting a horse boarding business. Should I set it up as an S Corp or an LLC?"

Padgett's advice

The right entity choice depends on more than just taxes. Liability protection, how you plan to operate, how you’ll pay yourself, and future tax implications all play a role. Many small business owners start with an LLC for flexibility, then work with their accountant to determine the most beneficial tax structure. So, it's important that you go to the attorney first, then come to us. We'll then learn more about your business, understand how you're going to operate and make the entity selection from a tax standpoint that makes the most sense.

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.

Learn more >>

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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 | https://www.padgettadvisors.com