The Brilliant Blog

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.

Missed personal tax deadline The tax filing deadline can catch even the most organized business owners off guard. If you missed it this...

May 28th marks National Hamburger Day, a time to savor the iconic yet versatile sandwich loved by millions. Whether grilled at a backyard barbecue or served sizzling in a restaurant, the hamburger represents creativity, simplicity, and endless possibilities. But behind your favorite local burger joint, there’s a hardworking business ensuring the recipe for success is more than just ketchup and pickles.

Running a home-based business offers flexibility and convenience, but did you know it can also come with tax advantages? One of the most beneficial ways to save money as a small business owner is by claiming your home business expenses on your taxes. By using the home office deduction and other eligible expenses, you can significantly reduce your taxable income and keep more of your hard-earned revenue.

When it comes to accounting software, QuickBooks has long been a trusted solution for small business owners, accountants, and financial professionals. With features designed to streamline bookkeeping and improve financial clarity, QuickBooks has been an industry leader. Among these features, Tags have been a valuable tool for categorizing transactions and enabling custom reporting. However, QuickBooks recently announced its decision to phase out tags, sparking a mix of reacti