Padgett Missouri City, TX

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.

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.

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.

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!

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.

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.

Tax identity theft: Yes, your business can be a target too | Padgett When most people hear “identity theft,” they think about stolen Social Security numbers or tax refunds. But small businesses are targets too.

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!

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.

You check your numbers and think, “We’re doing great.”

Sales are up.
Profit looks solid.

But somehow… your bank account says otherwise.

That can mean a cash flow issue, not a profit issue.

Your income statement might show a sale.
Your cash flow shows whether you’ve actually been paid.

And that gap? That’s where a lot of businesses start to feel stuck.

The hard part isn’t just having financial reports. It’s actually understanding what they’re telling you and what to do next.

That’s where having the right financial partner makes a difference.

We help business owners not just have the numbers, but actually understand them, so you can make decisions with more clarity and a lot less guesswork.

If your numbers haven’t quite been adding up lately, it might be time for a different kind of conversation.

Summer is around the corner and it's kind of the perfect time to pick up a few things you don’t usually have time for.

If you’ve been wanting to better understand your numbers (without getting overwhelmed), our Financial Literacy for Small Business Owners White Paper is a great place to start. It breaks down key financial terms, highlights the areas that matter most, and shares real stories from fellow business owners who’ve been in your shoes.

Good one to save for your next coffee break or slow scroll moment.

Get your free copy here:

Financial literacy for small business owners | Padgett Financial literacy for small business owners Key financial insights for building your dream business