Padgett Richmond

07/09/2026

Is it time to update your business’s strategic plan? If you haven’t conducted a planning session in a couple of years, your plan may not reflect today’s business environment. We've got tips on making the process easier and less time consuming.

https://bit.ly/4wDlHsA

Strategic planning isn’t meant to be a one-time exercise. Your plan should evolve with your business and the environment in which it operates.

06/30/2026

If your business finances feel completely out of control right now, read this.

First, take a breath. You are not the only business owner who has felt this way, even if it seems like everyone else has it figured out. The unopened envelopes, the login you have been avoiding, the quiet dread when someone mentions taxes. It is heavy, and it is a lot more common than anyone admits out loud.

And here is the thing worth saying clearly: feeling behind is not a character flaw. It usually just means you have been busy keeping the business alive, and the financial side got loud while you were not looking. That is it. No shame in it.

When you are ready, here is a calm way to start. Not all at once. Just one step.

1️⃣ Get a clear picture of where you stand. You cannot fix what you cannot see. Pull the numbers together, even messy ones, so you know what you are actually working with. Clarity, even uncomfortable clarity, is a relief compared to not knowing.

2️⃣ Focus on the most urgent priorities first. You do not have to solve everything today. Find the few things that truly cannot wait, like payroll, a looming deadline, or a bill with real consequences, and start there. The rest can line up behind them.

3️⃣ Ask for help before things get worse. This is the one most people wait too long on. You do not have to untangle it alone, and the earlier someone steps in, the more options you tend to have.

That is where we can come in. We have sat with a lot of business owners on exactly this kind of day. No judgment, just a plan. If the picture feels like too much to face on your own, reach out. We will help you find the first step, then the next one.

06/29/2026

Tag yourself, we won't tell🫢

Whether you are the Shoebox Keeper or the Color-Coded Overachiever, tax season hits different for everyone. The good news: you don't have to do it solo. If you would rather be the Delegator next year, we should talk.

06/23/2026

Every legitimate tax deduction matters when you're self-employed.

Yet many business owners miss out on valuable deductions simply because they're unsure what qualifies. From home office expenses to business travel and mileage, understanding the rules can make a meaningful difference at tax time.

Read our latest blog to discover five commonly overlooked deductions and learn how to maximize your tax savings.

Whether you're a sole proprietor, freelancer, or side hustler, here's a straightforward overview of how business deductions work.

06/22/2026

Be honest: how many of these did you nod at?

DIY bookkeeping often works great in the early days. But as your business grows, the receipts-and-vibes method tends to start costing you time, clarity, and sometimes money.

If a few of these hit home, it may be time for a hand. We are here when you are ready.

06/19/2026

You started a business. You didn't sign up to become an accountant.

When you launched, you were focused on the work, the customers, the thing you are actually great at. The bookkeeping was a "figure it out later" problem.

And for a while, later never comes, because things are working. You are busy. Money is coming in. The receipts live in a folder, or a drawer, or your inbox. You will get organized once things slow down.

Then the small stuff starts to add up.

A deduction slips by because no one told you it existed, so you pay more tax than you had to. A quarterly deadline comes and goes before it is on your radar. Tax season arrives, the bill is bigger than you pictured, and suddenly you are covering a number you never saw coming.

Here is what we want you to hear: none of that means you did anything wrong. It is just what often happens when one person is running the business and tracking the finances at the same time. There is only so much you can carry.

The good news is that most of it is avoidable. Not with a bigger spreadsheet or a longer to-do list, but with someone in your corner who keeps an eye on the numbers while you run the show.

Someone who catches the deductions, keeps the deadlines in view, and helps the surprises get a lot less surprising.

That is what a local Padgett office is for.

If any of this sounds a little too familiar, reach out. Every situation is different, so let's talk through yours.

06/17/2026

Summer hiring season is here 🌞 Are you bringing on extra help this year, and if so, what's your biggest "I have no idea what I'm doing" question? Drop it below!

06/11/2026

Just because the answer is online doesn't mean it's the right answer. 🫣

06/05/2026

Mid-year check-in! ✅ Are your June tax deadlines handled?

If you're a small business owner, now's the time to confirm your Q2 estimated payment is squared away and your books are on track for the second half of the year.
Feeling behind? Let's talk.

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.