Padgett Richmond

06/03/2026

Does it feel like everything costs more these days?

You're probably not imagining it. Many small business owners are feeling the pressure of rising costs, whether it's inventory, supplies, payroll, or just the day-to-day expenses of running a business.

The good news is that you don't have to simply absorb every increase and hope things improve. There are practical steps you can take to protect your cash flow, maintain profitability, and make your business more resilient.

We put together a blog with a few ideas to help you navigate rising costs and identify opportunities you may not have considered.

📖 Read it here: https://www.padgettadvisors.com/blog/rising-costs-heres-what-small-business-owners-can-do-now/

And if you'd like to talk through your specific situation, we're always happy to help. Sometimes a conversation and a fresh set of eyes on your numbers can make all the difference.

05/29/2026

Every year, people come to us after a frustrating experience with their previous accountant. If that's you, we'd love to help. 👇 Reach out to us anytime.

05/26/2026

Honoring the brave men and women who made the ultimate sacrifice for our freedom. 🇺🇸 This Memorial Day, we remember and thank you for your service.

05/23/2026

Want to feel more confident with your business finances?

Start by learning these key terms. They’re the foundation of smart decision-making and long-term growth.

Save this post for when you're reading financial statements or planning your next move! No matter what stage you are in running your business, we're here to help.

05/21/2026

Having a small business accountant can make a world of difference for your business. Here's how:

1. Time savings: Spend more time growing your business while we handle bookkeeping, payroll, and financial tasks, freeing up your valuable time.

2. Financial guidance: We can address almost any business management topic, including budgeting, setting and tracking your goals, addressing cash flow issues and more.

3. Compliance confidence: We can help keep you informed of tax regulations and industry standards, helping you avoid costly penalties and fines.

Let us help you take your business to the next level!

05/15/2026

A recent court ruling may give some taxpayers the opportunity to recover certain IRS penalties or interest paid between 2020–2023.

Swipe through to learn what the Kwong v. United States case could mean for individuals and small businesses and which types of payments may be worth reviewing.

If you think this could apply to you, our team can help review your IRS payment history and discuss whether filing a claim makes sense for your situation before the July 10, 2026 deadline.

05/13/2026

Most small business owners know to watch out for scams targeting their personal information. But did you know your business can be a target for tax identity theft too?

Criminals can use stolen EINs, payroll information, or fake tax filings to commit fraud, and many businesses do not realize there’s an issue until the IRS sends a notice or rejects a return.

A few simple security habits can go a long way in helping protect your business. We’re sharing common warning signs, practical prevention tips, and what to do if something feels off.

When most people hear “identity theft,” they think about stolen Social Security numbers or tax refunds. But small businesses are targets too.

05/07/2026

Be sure to check out these important May deadlines but while you’re planning ahead, there are a few other things individuals and small business owners may want to keep on their radar this month too.

• If you’re on extension, now’s the time to start gathering your information instead of waiting until later in the year
• Still waiting on your refund? The IRS “Where’s My Refund?” tool can help you track its status
• Watch out for scams — the IRS will never contact you by phone, email, or text asking for payment or personal information
• Planning for summer camps or childcare? Some expenses may qualify for tax benefits
• Hiring teens or seasonal employees this summer? Make sure you’re aware of federal and state labor law requirements before bringing employees on board

A little planning in May can help set you up for a smoother summer ahead!

04/29/2026

Some things are worth a second look…your texts and your books included.

If your numbers aren’t making sense, a second set of eyes can go a long way.

04/27/2026

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 make sense of it all and keep things moving in the right direction.