The Brilliant Blog

You have spent years building your business from the ground up. Now, whether you are planning for retirement, pursuing a new venture, or handing the reins to the next generation, preparing for a sale or succession is one of the most significant financial events of your life. Smooth transitions don’t happen by accident. They require deliberate preparation, especially when it comes to your finances. 

Running a business is never as simple as tracking money in and money out. Beneath the surface, expenses often overlap and influence each other in ways that aren’t obvious at first glance. These interconnected costs, what are sometimes call interwoven costs, form a hidden web that can complicate budgets, affect profitability, and surprise you if left unchecked. 

Maximize your savings and make the tax code work for you.    Tax season does not have to be overwhelming. By understanding tax credits...

Tax season doesn’t have to be stressful, especially when you know how to make the most of credits and deductions. These tax benefits can significantly lower what you owe or even increase your refund. Whether you're supporting a family, investing in your future, or covering specific life expenses, understanding what you qualify for is key.

Running a small business comes with many challenges, and economic management can be one of the most difficult to master. Even if your books balance and profits look solid, subtle inefficiencies can quietly drain resources without clear warning signs. These issues, often referred to as “profit leaks,” are common culprits that can erode your bottom line and stall your growth.

Natural disasters like hurricanes, wildfires, or floods can devastate entire communities, leaving individuals and businesses struggling to recover. For small business owners, the financial toll of property damage and disrupted operations is especially burdensome. Fortunately, the IRS offers a range of tax relief provisions designed to help storm victims rebuild and regain financial stability. This blog outlines everything you need to know about IRS tax relief for disaster

Accounting is critical to running a successful business, but it’s no secret that the demands of managing books, tracking expenses, meeting tax deadlines, and creating reports can feel overwhelming. This 4th of July, why not declare your own financial independence? By adopting smarter processes and leveraging the latest tools, you can liberate yourself from the stress of accounting and spend more time focusing on what truly matters in your business. 

Summer can bring a welcome boost to many small businesses, especially those in seasonal industries like retail and food service. Warmer weather also comes with its own set of financial challenges—rising utility costs, employee vacations, and fluctuating customer traffic. However, with a little strategic thinking, small businesses can use this season as an opportunity to cut costs without sacrificing quality or momentum.

Small businesses continue to drive local economies—and May 2025 delivered meaningful momentum. From shifting market conditions and growing resource access to strategic policy updates, here’s an enhanced view of what the month brought—and how business owners capitalized on it.