Tales from the
Financial
Trenches

What’s the Big Deal about Bank Accounts?
Every accountant will tell you the same thing: “Don’t comingle your funds” (which is accountant lingo for ‘don’t mix your business and personal money’), but I don’t often hear them explain why. If pressed, they will usually talk about audits being worse, LLC...

Charitable Contributions: Don’t Just Do It For The Tax Deduction!
At Empowered Profit, we are so honored to support some amazing businesses that are making a difference in the lives of their clients and in the world. One of the ways those businesses want to make a bigger impact is by making financial contributions to organizations...

More than Bookkeepers – What is an OFM?
I never wanted to be an accountant. Never thought life would bring me here, as the CEO of an accounting agency with a dozen employees and clients all over the country. I mean, to tell you the truth, I am not that great at math (yup, still a finger counter over...

What is a Registered Agent … And Do I Need One?
When you created your LLC or Corporation, it made your business a separate legal entity from you personally. And because it’s a separate entity, it also needs to state who can get its mail, who can accept service of process, legal documents, and government notices on...

Moving Your Business
If you are moving your business to a new location, whether within the same state or to a new state, there are a number of things you need to update with your corporate documents and registrations. If your address isn’t current, you may miss out on important notices...

I Got My LLC – Now What?
Yahoo - congrats on your new LLC! You are now a separate legal entity from your business and are able to have the legal protection that the LLC offers. And we can also now look at some higher levels of tax strategy that are open to you under this new structure. And...