The volume and importance of your accounts receivables balance varies significantly by business type. A hair salon where customers pay at the time of service likely doesn’t have a large amount of accounts receivable. A manufacturing…
People become small business owners through several methods. Some inherit a family business when a parent or relative retire. Others…
Your customers are the lifeblood of your business. You exist to provide them with the products and services that fulfill…
Many businesses are still struggling due to the financial restrictions imposed due to COVID-19. The severely reduced income combined with…
It can be difficult to attract talent during the start-up phase when you can’t necessarily offer the larger salaries and…
Since a lot of employees are working from home now, it makes sense that employers are looking for efficient ways…
When making staffing decisions, it’s important to consider all the variables. You may be hiring support growth, or bring in…
Charging it has become part of the American way of life. Whether it’s because they want to delay payments, don’t…
How to accept payments for your business is always of great concern to businesses. Of course, you need to accept…
If you own your own business you already know the joys of being your own boss. You may even have…
Many small businesses open business credit cards to help meet their capital needs. Roughly 67% of business owners have business…
Don’t Mix the Personal and the Business; Keeping Finances Separate When you launched your business you might not have paid…
Does your company have problems getting paid on time? Certain industries are more vulnerable to this than others, but every…
Small business owners quickly learn the importance of monitoring their cash flow. The flow of money in and out of…
When most of us think about running our business, we think about the fun things like product development, marketing and…
With the passing of the Tax Cuts and Jobs Act (TCJA), tax professionals and businesses are beginning to absorb the…
The new lease accounting standards will require some extra time and work for many companies as they race to satisfy…
The relationship between accountant and client is a relationship based on open communication and the exchange of relevant ideas, and…
As noted in recent reports, current US Generally Accepted Accounting Principles (GAAP) as prescribed by Accounting Standards Codification (ASC 840)…
What is a foreclosure? A foreclosure occurs when a property owner cannot service their mortgage (i.e. make principal and/or interest…
One of the most significant, if not the most significant function within any secure business is that of risk management.…
Small businesses looking to increase sales and profit, reduce dependence on the domestic market and stabilize seasonal fluctuations should consider…
Rollovers as Business Start-Ups (ROBS) are financing mechanisms in which current or prospective business owners use their 401(k), IRA or other retirement…
One of my favorite sayings is “the only constant is change.” This saying certainly holds true in the business realm…
So, you’ve decided you want to open a business? Have you given any thought to the type of business you…