The Financial Harmony Blog

Using financial benchmarks to measure the financial performance of your business can be useful. If you don’t know, benchmark data is a comparison tool. They show how the average business in...

There are two sections to this blog post alert:

• An update about complying with Beneficial Ownership Information (BOI) reporting
• Scams and frauds associated with BOI reporting

I. Compliance Update...

There are two ways to pay less taxes – either by being unprofitable or by making more money. 

This may seem a bit counterintuitive. You might be thinking if I make more money, doesn't...

S Corporations for an operating business have become the “go-to” advice. Especially with service businesses.

A lot of tax professionals give this advice without considering all the...

Most independent optometrists start their own practice because they have a passion for what they do.

But it takes a lot more than passion to build a successful business.

You must have a specific...

I recently read this in a forum of business owners online:

“I like my accountant, but how much does it cost to get your tax returns filed?”

They were looking for opinions to see if what...

My name is Eric Levenhagen, and welcome to the first episode of the Abundant OD podcast! This is a new venture for me, and I'm excited to see where it goes. I've been in the financial industry for...

As business owners, we often get caught up in the day-to-day operations of our enterprises. We're so focused on the present that we forget to look ahead. However, if there's one thing the past has...

Here’s something that may surprise you. The ultimate goal of a good, comprehensive tax strategy is NOT to save taxes.

Let me explain.

Paying less in taxes is the byproduct of a comprehensive...

Knowing your numbers in business is critical to your success. You hear it all the time - what doesn’t get measured cannot improve. This is true with your business.

The key is to know which...

Tax planning is a fundamental aspect of financial management for business owners. By implementing effective tax strategies, you can minimize your tax liability and keep more of your hard-earned...

Introduction to the Corporate Transparency Act (CTA)

In January 2024, the Corporate Transparency Act (CTA) was implemented, introducing a new federal filing requirement for many corporations and...