ElementsCPA Microblog

A business’ cost structure as it scales typically mirrors more stair steps than upward sloping line

If you’re not deliberate, you could get caught with a cost structure of one stair matched with the revenue structure of the previous stair 😕

So decide on your optimal size & don’t get stuck between steps

Our team wishes you a 🎆 happy 4th of July!

We’ll be closed in honor of our nation’s birth, then back on Friday to continue helping power the creativity of the entrepreneurs we collaborate with! ⚡ > 🔌 > 🎨 > 🖼

Curious how to use AI in your small business?

Check out this primer from Xero to get quick insight on:

• What AI lingo means (like “GenAI” and “LLM”)
• Examples of how other small business owners are starting to use AI
• First steps you can take to get started using AI yourself

Looking for a bank that’s:

• Online
• Easy-to-use
• Feature-rich, &
• Small business-friendly

Check out our referral Relay Bank, where ElementsCPA does its primary banking too!

BIG changes to MD labor law to take effect in 2025 ->

New requirement for quarterly wage & hour report to calculate a new benefit: “Family & Medical Leave Insurance”

Depending on biz size, also required to remit 0.45% towards (a la unemployment insurance)

More info: MD DOL Paid Leave website