Hayes CPA PLLC

10/19/2026

𝗗𝗶𝗱 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘄𝗲 𝗰𝗮𝗻 𝗿𝗲𝘃𝗶𝗲𝘄 𝘆𝗼𝘂𝗿 𝘁𝗮𝘅 𝗿𝗲𝘁𝘂𝗿𝗻, 𝗲𝘃𝗲𝗻 𝗶𝗳 𝘀𝗼𝗺𝗲𝗼𝗻𝗲 𝗲𝗹𝘀𝗲 𝗽𝗿𝗲𝗽𝗮𝗿𝗲𝗱 𝗶𝘁?

Mistakes happen, whether a return was prepared by tax software or another preparer. We can take a second look, identify errors or missed opportunities, and amend the return when a correction is needed.

Comment 𝗥𝗘𝗩𝗜𝗘𝗪 so we can set up a time to talk.

10/19/2026

Anyone who’s built a business eventually reaches the point where doing everything yourself starts getting in the way of growth.

But handing off work you’ve spent years building can be difficult. Whether it’s invoicing, managing records, keeping up with financial tasks, or other day-to-day responsibilities, you know how you want things done, and trusting someone else with that responsibility takes time.

As you build your team, keep a few things in mind:
1. 𝗛𝗶𝗿𝗲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝘀 𝘆𝗼𝘂 𝗱𝗼𝗻’𝘁 𝗵𝗮𝘃𝗲. Take an honest look at where your time and skills are best spent, then look for people who can take ownership of the work that’s taking too much of your attention.
2. 𝗟𝗼𝗼𝗸 𝗳𝗼𝗿 𝗽𝗲𝗼𝗽𝗹𝗲 𝘄𝗵𝗼 𝗺𝗮𝗸𝗲 𝘁𝗵𝗲 𝘁𝗲𝗮𝗺 𝗯𝗲𝘁𝘁𝗲𝗿 𝗼𝘃𝗲𝗿𝗮𝗹𝗹. Skills matter, but so does the ability to communicate, collaborate, and follow the processes your business relies on.
3. 𝗘𝘅𝗽𝗲𝗰𝘁 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝗽𝗮𝗶𝗻𝘀. Delegating won’t feel natural overnight, but the right team can steadily take work off your plate and give you more capacity to lead.

10/16/2026

𝗪𝗵𝗮𝘁 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝗱𝗼 𝘄𝗶𝘁𝗵 𝗮 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗶𝗻𝘃𝗼𝗶𝗰𝗲 𝘁𝗵𝗮𝘁 𝗹𝗼𝗼𝗸𝘀 𝗹𝗶𝗸𝗲 𝗶𝘁 𝘄𝗼𝗻'𝘁 𝗴𝗲𝘁 𝗽𝗮𝗶𝗱?

Before writing it off the invoice, look at whether there's still a realistic way to recover some of that money.

Depending on the situation, you could consider:
• Restructuring the balance into a payment arrangement
• Turning the balance into an interest-bearing promissory note
• Factoring the invoice to recover a portion of what you're owed
• Writing off the balance when recovery options have been exhausted

𝗣𝗿𝗼 𝘁𝗶𝗽: Create a system for processing overdue receivables instead of letting them sit on your books indefinitely. Set a regular time to review aging invoices, decide which ones still have a reasonable path to collection, and deal with balances that don't.

𝘞𝘩𝘢𝘵'𝘴 𝘺𝘰𝘶𝘳 𝘤𝘶𝘳𝘳𝘦𝘯𝘵 𝘱𝘳𝘰𝘤𝘦𝘴𝘴 𝘰𝘯𝘤𝘦 𝘢𝘯 𝘪𝘯𝘷𝘰𝘪𝘤𝘦 𝘩𝘪𝘵𝘴 60 𝘰𝘳 90 𝘥𝘢𝘺𝘴 𝘱𝘢𝘴𝘵 𝘥𝘶𝘦?

10/15/2026

𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗹𝗼𝗼𝗸 𝗽𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗹𝗲 𝘄𝗵𝗲𝗻 𝗺𝘆 𝗯𝗮𝗻𝗸 𝗮𝗰𝗰𝗼𝘂𝗻𝘁 𝘀𝗮𝘆𝘀 𝗼𝘁𝗵𝗲𝗿𝘄𝗶𝘀𝗲?

Your business can show a profit on paper even when you haven't actually collected all of that money from your customers.

If you use accrual-basis accounting, revenue gets recorded when you issue an invoice, not when the customer actually pays you.

That means your Profit & Loss statement can include revenue you haven't collected yet.

So you might see a healthy profit number while a chunk of that money is still sitting in Accounts Receivable.

This is why your P&L and bank balance tell you different things about your business.

Your P&L shows financial performance based on your accounting method. Your bank account shows the cash you actually have available.

If there's a big gap between the two, pull your Accounts Receivable aging report and look at how much of your revenue is tied up in unpaid invoices, especially those that are 90+ days past due.

𝘞𝘩𝘦𝘯 𝘸𝘢𝘴 𝘵𝘩𝘦 𝘭𝘢𝘴𝘵 𝘵𝘪𝘮𝘦 𝘺𝘰𝘶 𝘤𝘩𝘦𝘤𝘬𝘦𝘥 𝘩𝘰𝘸 𝘮𝘶𝘤𝘩 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 𝘪𝘴 𝘵𝘪𝘦𝘥 𝘶𝘱 𝘪𝘯 𝘶𝘯𝘱𝘢𝘪𝘥 𝘪𝘯𝘷𝘰𝘪𝘤𝘦𝘴?
DM us if you want clearer visibility into your true cash position.

10/14/2026

Top financial moves in the last few months of the year...GO

10/13/2026

𝗛𝗼𝘄 𝗺𝘂𝗰𝗵 𝗼𝗳 𝘁𝗵𝗲 𝗺𝗼𝗻𝗲𝘆 𝗺𝘆 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀 𝗼𝘄𝗲 𝗺𝗲 𝗶𝘀 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗯𝗹𝗲?

Your Accounts Receivable aging report can show you which invoices are getting old enough that you need to take a closer look.

Pull the report and pay attention to invoices that are 90+ days past due.

Then ask:
• Is the customer still communicating with us?
• Is there a realistic path to collecting this balance?
• Are we carrying invoices we already know won't be paid?

You’ll also want to watch your bad debt-to-revenue ratio, which compares the amount you’re not collecting to your total revenue.

If bad debt starts pushing past 𝟭–𝟮% of total revenue, it could point to a bigger problem with how your business handles billing and collections. At that point, it’s worth looking at why invoices aren’t getting paid and whether your collection process needs attention.

If you're not getting clear cash flow visibility from your monthly reports, let’s talk about setting up tight financial controls for your business.

10/13/2026

How The Bad Business Debt Deduction Could Lower Your 2026 Wilmington Business Taxes

Learn how to leverage the bad business debt deduction before Dec 31 to turn unpaid invoices into business tax savings.

10/12/2026

𝗪𝗵𝗮𝘁 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝗼𝘂𝘁𝘀𝗼𝘂𝗿𝗰𝗲 𝗳𝗶𝗿𝘀𝘁 𝗶𝗻 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀?

If you're looking to offload or outsource work to open up your time (or a key employee's time), start by examining the low-leverage tasks that are preventing revenue growth.

Here are 3 key areas we recommend you look at outsourcing:
1. Bookkeeping
2. Payroll & Tax Compliance
3. Routine Admin and Scheduling Work

Each of these has something in common: they require repetitive maintenance. Doing your own bookkeeping or payroll carries a steep penalty if you mess it up, and zero revenue growth when you do it right. Freeing yourself up from admin work gives you the mental bandwidth to focus on strategizing for your business.

DM us if you want help with #1.

10/10/2026

How To Fix Common QuickBooks Online Problems Wilmington Small Business Owners Face

Staring at QuickBooks Online problems like phantom income or wrong categories? Here is how to spot software blind spots and clean up your ledger.

10/09/2026

𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝗺𝘆 𝗽𝗮𝘆𝗿𝗼𝗹𝗹 𝗰𝗹𝗲𝗮𝗿𝗶𝗻𝗴 𝗮𝗰𝗰𝗼𝘂𝗻𝘁 𝘁𝗲𝗹𝗹 𝗺𝗲 𝗮𝗯𝗼𝘂𝘁 𝗺𝘆 𝗯𝗼𝗼𝗸𝘀?

Your payroll clearing account can give you a quick indication that something isn’t matching correctly.

In a clean set of books, that account should return to $0 after each payroll run.

If you see a balance sitting there and growing from one payroll to the next, your payroll processor may be pulling funds that aren’t properly matching the liabilities recorded in your general ledger.

𝘛𝘢𝘬𝘦 𝘢 𝘭𝘰𝘰𝘬 𝘢𝘵 𝘺𝘰𝘶𝘳 𝘱𝘢𝘺𝘳𝘰𝘭𝘭 𝘤𝘭𝘦𝘢𝘳𝘪𝘯𝘨 𝘢𝘤𝘤𝘰𝘶𝘯𝘵. 𝘐𝘴 𝘪𝘵 𝘴𝘪𝘵𝘵𝘪𝘯𝘨 𝘢𝘵 $0 𝘳𝘪𝘨𝘩𝘵 𝘯𝘰𝘸?
𝘈) 𝘠𝘦𝘴
𝘉) 𝘕𝘰
𝘊) 𝘐 𝘩𝘢𝘷𝘦 𝘯𝘰 𝘪𝘥𝘦𝘢