--- title: | Small Business (2) description: Small Business | Chandler & Knowles CPAs is dedicated to serving our clients with an integrated approach to financial success for businesses, families and individuals. (2) --- [![Chandler & Knowles, CPA](https://blog.chandlerknowlescpa.com/hubfs/Chandlerknowlescpa_January2018%20Theme/Images/chandler-knowles-logo-updated.png)](https://www.chandlerknowlescpa.com) - [Home](https://www.chandlerknowlescpa.com/) - [About](https://www.chandlerknowlescpa.com/about/) - [Case Studies](https://www.chandlerknowlescpa.com/case-studies/) - [Testimonials](https://www.chandlerknowlescpa.com/client-testimonials/) - [Services](https://www.chandlerknowlescpa.com/services/) - [Individual Tax Preparation](https://www.chandlerknowlescpa.com/services/tax-preparation/) - [Advanced Tax Planning](https://www.chandlerknowlescpa.com/services/advanced-tax-planning/) - [Financial Planning](https://www.chandlerknowlescpa.com/services/financial-planning/) - [Risk Assessment](https://www.chandlerknowlescpa.com/services/insurance-risk-assessment/) - [Business Structure & Entity Selection](https://www.chandlerknowlescpa.com/services/business-structure-and-entity-selection/) - [Business Accounting](https://www.chandlerknowlescpa.com/services/business-accounting/) - 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[Services](https://www.chandlerknowlescpa.com/services/) - [Individual Tax Preparation](https://www.chandlerknowlescpa.com/services/tax-preparation/) - [Advanced Tax Planning](https://www.chandlerknowlescpa.com/services/advanced-tax-planning/) - [Financial Planning](https://www.chandlerknowlescpa.com/services/financial-planning/) - [Risk Assessment](https://www.chandlerknowlescpa.com/services/insurance-risk-assessment/) - [Business Structure & Entity Selection](https://www.chandlerknowlescpa.com/services/business-structure-and-entity-selection/) - [Business Accounting](https://www.chandlerknowlescpa.com/services/business-accounting/) - [Business Consulting](https://www.chandlerknowlescpa.com/services/business-consulting/) - [Business Tax Planning](https://www.chandlerknowlescpa.com/services/business-tax-planning/) - [Payroll Administration](https://www.chandlerknowlescpa.com/services/payroll-administration/) - [Tax Return Review](https://www.chandlerknowlescpa.com/services/tax-return-review-services/) - [Industries](https://www.chandlerknowlescpa.com/industries/) - [Physicians](https://www.chandlerknowlescpa.com/industries/physicians/) - [Dentists](https://www.chandlerknowlescpa.com/industries/dentists/) - [Small Business](https://www.chandlerknowlescpa.com/industries/small-business/) - [Real Estate](https://www.chandlerknowlescpa.com/industries/real-estate/) - [Veterinarians](https://www.chandlerknowlescpa.com/industries/veterinarians/) - [Attorneys](https://www.chandlerknowlescpa.com/industries/attorney-and-law-firms/) - [High Net Worth Individuals](https://www.chandlerknowlescpa.com/industries/high-net-worth-individuals/) - [Clients](https://www.chandlerknowlescpa.com/clients/) - [Make a Payment](https://www.chandlerknowlescpa.com/clients/payments/) - [Recommend Us](https://www.chandlerknowlescpa.com/clients/client-recommendation-program/) - [Submit Review](https://www.chandlerknowlescpa.com/clients/submit-a-review/) - [View Our Newsletter](https://www.chandlerknowlescpa.com/clients/view-our-newsletter/) - [Send Us Your Documents](https://www.chandlerknowlescpa.com/clients/client-secure-document-portal-2/) - [Resources](https://www.chandlerknowlescpa.com/resources/) - [Client Resources](https://www.chandlerknowlescpa.com/resources/client-resources/) - [Retirement Resources](https://www.chandlerknowlescpa.com/resources/retirement-resources/) - [Video Library](https://www.chandlerknowlescpa.com/video-library/) - [Blog](https://www.blog.chandlerknowlescpa.com) - [Locations](https://www.chandlerknowlescpa.com/locations/) - [Flower Mound, TX](https://www.chandlerknowlescpa.com/locations/flower-mound-tx-cpa/) - [Areas Served](https://www.chandlerknowlescpa.com/areas-served/) - [Dallas, TX](https://www.chandlerknowlescpa.com/areas-served/dallas-tx/) - [Plano, TX](https://www.chandlerknowlescpa.com/areas-served/plano-tx/) - [Nationwide](https://www.chandlerknowlescpa.com/areas-served/nationwide-cpa-services/) - [Contact](https://www.chandlerknowlescpa.com/contact-us/) # Financial Planning Insights ## [Professional Liability vs General Liability](https://blog.chandlerknowlescpa.com/professional-vs-general-liability) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | January 21, 2019 | [0](https://blog.chandlerknowlescpa.com/professional-vs-general-liability#comments-listing) [![Professional vs General Liablility](https://blog.chandlerknowlescpa.com/hubfs/Professional%20vs%20General%20Liablility.jpg)](https://blog.chandlerknowlescpa.com/professional-vs-general-liability) [Small business insurance](https://www.chandlerknowlescpa.com/the-cost-of-small-business-insurance-and-why-you-cannot-afford-to-be-without/) protects your business from financial hardships that may come your way. When looking for business insurance, you should always keep in mind the risks that accompany being a business owner. The risks can be significant, and so can the costs associated with those risks. Not only are you insuring the risks of your business,.. [Read More](https://blog.chandlerknowlescpa.com/professional-vs-general-liability) ## [Small Business Tax Deductions](https://blog.chandlerknowlescpa.com/small-business-tax-deductions) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | October 12, 2018 | [0](https://blog.chandlerknowlescpa.com/small-business-tax-deductions#comments-listing) [![woman preparing her small business tax deductions](https://blog.chandlerknowlescpa.com/hubfs/adult-beautiful-blur-935756%20(1).jpg)](https://blog.chandlerknowlescpa.com/small-business-tax-deductions) While another tax season has now passed, it is never too early to start planning for next year's taxes. In particular, as a small business owner, you will want to make sure that you take advantage of all of the [tax deductions available to small business owners](https://www.chandlerknowlescpa.com/industries/small-business/) for business expenses. While the IRS offers a fairlyin-depth guideon deducting.. [Read More](https://blog.chandlerknowlescpa.com/small-business-tax-deductions) ## [Who Needs E&O Coverage?](https://blog.chandlerknowlescpa.com/risk-assessment-eo-coverage) By [Chandler and Knowles](https://blog.chandlerknowlescpa.com/author/chandler-and-knowles) | October 12, 2017 | [0](https://blog.chandlerknowlescpa.com/risk-assessment-eo-coverage#comments-listing) [![e&o insurance](https://blog.chandlerknowlescpa.com/hubfs/Imported_Blog_Media/business-insurance-300x222.jpg)](https://blog.chandlerknowlescpa.com/risk-assessment-eo-coverage) Any person or company that is providing a service needs to have E&O coverage, which is the insurance that protects against errors and omissions. If a business owner is providing a service as a part of his or her job description than E&O coverage should be in place for protection against a liability accident, employee mistake, or unnoticed.. [Read More](https://blog.chandlerknowlescpa.com/risk-assessment-eo-coverage) ## [Small Business Accounting Practices](https://blog.chandlerknowlescpa.com/small-business-accounting-best-practices) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | July 06, 2017 | [0](https://blog.chandlerknowlescpa.com/small-business-accounting-best-practices#comments-listing) [![accounting tips](https://blog.chandlerknowlescpa.com/hubfs/Imported_Blog_Media/small-business-accounting-300x200-1.jpg)](https://blog.chandlerknowlescpa.com/small-business-accounting-best-practices) When you are a [small business owner,](https://www.chandlerknowlescpa.com/industries/small-business/) you have a variety of information to consider. When you can get your business accounting strategies in order in the beginning stages of your business, you will be able to successfully keep track of the tons of paperwork that you will see going in and out of your office. [Read More](https://blog.chandlerknowlescpa.com/small-business-accounting-best-practices) ## [Risk Management for Small Businesses](https://blog.chandlerknowlescpa.com/risk-management-small-businesses) By [Chandler and Knowles](https://blog.chandlerknowlescpa.com/author/chandler-and-knowles) | April 13, 2017 | [0](https://blog.chandlerknowlescpa.com/risk-management-small-businesses#comments-listing) [![risk management](https://blog.chandlerknowlescpa.com/hubfs/Imported_Blog_Media/risk-management-300x225.jpg)](https://blog.chandlerknowlescpa.com/risk-management-small-businesses) There are always risks involved with being in business; how owners manage these risks often determines their long-term sustainability and profitability. There are many factors to consider when assessing and guarding against these risks, thus, being proactive in managing them is wise. We're here to lay down the foundation for[risk management..](https://www.chandlerknowlescpa.com/services/insurance-risk-assessment/) [Read More](https://blog.chandlerknowlescpa.com/risk-management-small-businesses) ## [Frequently Asked Questions About Buy-Sell Agreements](https://blog.chandlerknowlescpa.com/buy-sell-agreements) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | January 05, 2017 | [0](https://blog.chandlerknowlescpa.com/buy-sell-agreements#comments-listing) [![](https://blog.chandlerknowlescpa.com/hubfs/Imported_Blog_Media/buy-sell-agreement-300x200-1.jpg)](https://blog.chandlerknowlescpa.com/buy-sell-agreements) You and your partners didn’t start your business with the idea that one day, circumstances would result in one of you exiting the firm. But life doesn't care what kind or how successful a business is, sometimes misfortunes happen that cause your plans to change. Your best preventative defense against a whirlwind of unpleasant outcomes can be found.. [Read More](https://blog.chandlerknowlescpa.com/buy-sell-agreements) ## [Reasons to Outsource Small Business Bookkeeping](https://blog.chandlerknowlescpa.com/reasons-to-outsource-bookkeeping) By [Chandler and Knowles](https://blog.chandlerknowlescpa.com/author/chandler-and-knowles) | August 14, 2015 | [0](https://blog.chandlerknowlescpa.com/reasons-to-outsource-bookkeeping#comments-listing) [![](https://blog.chandlerknowlescpa.com/hubfs/Imported_Blog_Media/benefits-of-business-accounting-300x200.jpg)](https://blog.chandlerknowlescpa.com/reasons-to-outsource-bookkeeping) Small business [bookkeeping](https://blog.chandlerknowlescpa.com/services/business-accounting/) is doable at the beginning of a venture. But as time goes on, the learning curve gets longer, and before you know it you are overwhelmed with responsibilities and duties better suited for a professional accountant. [Read More](https://blog.chandlerknowlescpa.com/reasons-to-outsource-bookkeeping) [« Newer Posts](https://blog.chandlerknowlescpa.com/tag/small-business/page/1) ### Recent Posts ### Subscribe to Our Blog #### About Chandler & Knowles CPAs: Chandler & Knowles CPAs is dedicated to serving our clients with an integrated approach to financial success for businesses, families and individuals. Our knowledgable team is committed to providing you with the most detailed information to answer your biggest financial questions and to help make your life less taxing. Learn more about achieving financial success by reading our blog! ### Recent Posts Chandler & Knowles CPAs 7370 Hawk Rd Flower Mound, TX 75022 (817) 369-3681 Hours of Operation: Monday - Friday 8:30 a.m. – 4:00 p.m. Saturday & Sunday: Closed Other times Available by Appointment ![](https://px.ads.linkedin.com/collect/?pid=3265964&fmt=gif) ![](https://px.ads.linkedin.com/collect/?pid=3265964&fmt=gif)