Trump Accounts: Who Qualified, The $1000 Contribution, and How They Work

Trump Accounts explained by Melton Bookkeeping & Accounting Services – eligibility, $1,000 government contribution and contribution rules.

You may be hearing quite a bit about Trump Accounts. Maybe you’ve heard that the government is putting $1,000 into an account for children. Or have you heard that parents and grandparents can contribute? Or maybe you’ve heard that employers can contribute for their employees. There is a lot of information floating around, and like […]

How to Protect Your Small Business from Fraud: 7 Internal Controls Every Owner Should Know

By Paula Melton, CPAMelton Bookkeeping & Accounting Services Introduction Most business owners don’t wake up in the morning thinking, “Today might be the day someone steals from my company.” In fact, most fraud doesn’t happen because business owners are careless. It happens because they trust the people around them. And while trust is an important […]

Should Contractors Elect S Corporation Status Right Away?

S Corp Election Timing

Why waiting until your business is profitable may actually save you more money. One of the most common questions I hear from new contractors is: “Should I elect S Corporation status?” The answer surprises many people. Not necessarily. Social media, YouTube, and even well-meaning friends often tell new business owners that becoming an S Corporation […]

What Great White Sharks Can Teach Small Business Owners About Success

Great white shark breaching during Shark Week representing business strategy, preparation, and growth for small business owners.

Every July, I watch Shark Week—and every July, I cheer for the seal. Somewhere between those breathtaking great white shark breaches, I realized there are powerful lessons every small business owner can learn about preparation, strategy, resilience, and long-term success. Here are eight business lessons inspired by Shark Week.