CMH Advisors, PLLC

Misclassifying an employee as a contractor can cost you thousands in back taxes and penalties. Most new business owners don't find out until it's too late.

Our free Payroll Starter Kit, created by our sister company Payroll Express, breaks down exactly how to tell the difference, plus the other mistakes that catch new business owners off guard.

Grab your free copy at the link below 👇
https://go.cpataxteam.com/payroll-starter-kit

Free Guide: The New Business Payroll Starter Kit Get your free guide to help you set up payroll, avoid costly mistakes, and stay compliant from day one. A Payroll Express x CMH Advisors resource for new business owners.

Bookkeeper, tax preparer, controller, CFO... do you know what each one actually does?

Most businesses need more than one of these roles. Knowing the difference helps you know who to call.

Ever hesitate to call your accountant with a quick question? There's a reason for that, and it comes down to how they bill you. We're breaking down flat-fee vs. hourly accounting on our blog.

Read it here 🔗 https://cpataxteam.com/blog/flat-fee-vs-hourly-accounting-services-which-saves-small-businesses-more/

We are grateful for the clients who continue to trust CMH year after year. Building strong relationships and providing dependable guidance are at the heart of what we do.

Thank you, Brogan, for sharing your experience with our team. We truly appreciate your kind words. 💚

A profitable income statement doesn't guarantee a healthy business.

𝗛𝗲𝗿𝗲'𝘀 𝘄𝗵𝗮𝘁 𝗰𝗮𝗻 𝗯𝗲 𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝘂𝗽 𝗯𝗲𝗵𝗶𝗻𝗱 𝘁𝗵𝗲 𝘀𝗰𝗲𝗻𝗲𝘀:
✳️Net income isn't cash in the bank
✳️Unpaid taxes don't hit your P&L until they're due
✳️Growing receivables can inflate revenue before you collect it
✳️Rising debt and owner draws don't appear on the P&L at all
✳️A "profitable" year can still leave you with negative equity

Look at both statements together, not just the one that makes you feel good.

Our latest Book of the Month is 𝘌𝘹𝘤𝘦𝘭𝘭𝘦𝘯𝘤𝘦 𝘞𝘪𝘯𝘴. 📘

This book is a great reminder that excellence isn't about perfection—it's about consistently creating positive experiences for your customers, your team, and your business.

What's one thing your business does to create an exceptional customer experience?

Tax season stress usually starts months before tax season. In our latest post, we look at five habits that quietly build up over the year, including a common misconception about how quarterly estimated tax penalties actually work.

Check it out: https://cpataxteam.com/blog/the-financial-habits-that-create-tax-stress-long-before-tax-season/

The Financial Habits That Create Tax Stress Long Before Tax Season - CMH Advisors By the time April rolls around, most of the stress that small business owners feel about taxes was already baked in months earlier. The scramble to find receipts, the surprise bill from underpaid estimated taxes, the late night trying to remember which trips were for business: none of that starts in...

Your best tax move this month? Know where you stand.

A mid-year tax review helps you look at your year-to-date income, compare it to last year, check your estimated payments, and spot planning opportunities before the year gets away from you.

Tax planning works best when it happens before the deadline.

Mid-year is the perfect time to review your numbers and make adjustments before Q4.

We don't know who needs to hear this, but if "Miscellaneous" is one of your biggest expense categories, it might be time to clean up your books.

Vague categories can raise red flags in an audit, make deductions harder to prove, and hide money-saving opportunities your CPA can't find without more detail.

Quick fix: take a look at your chart of accounts and make sure each category reflects how you actually spend money.

There is a provision in the tax code that could eliminate capital gains tax for your heirs when they sell your business. Most small business owners have never heard of it.

We covered what it is, who it applies to, and the planning mistakes that cause families to miss it entirely.

Read more on our blog: https://cpataxteam.com/blog/the-step-up-in-basis-rule-the-estate-planning-tool-most-business-owners-have-never-heard-of/