Clear, expert answers on taxes, bookkeeping, payroll, and the money side of running a business.
Do I need a bookkeeper or an accountant for my small business?
Most small businesses need both — a bookkeeper to record day-to-day transactions and keep the books current, and an accountant (or CPA) to handle tax strategy, financial analysis, and compliance. Which one you need first depends on your business size, complexity, and where you are in your growth.
Should I set up an S-corp or LLC for my small restaurant?
For most small restaurant owners, starting as a single-member or multi-member LLC makes sense for simplicity and liability protection — but once your restaurant's net profit consistently exceeds roughly $40,000–$50,000 per year, electing S-corp tax treatment on top of your LLC can meaningfully reduce your self-employment tax bill.
