A Summary: Coronavirus Aid, Relief, and Economic Security (CARES) Act
This article was originally written on April 8 and portions have been updated on July 7, 2020. The following information is what we know to be accurate, and it is very likely new information will evolve over time as we learn intricate details of this bill. We will...
Your Guide To The Main Street Lending Program
This article was originally published on 6.11.20 and contains the new program guidelines that were released on 6.8.20. We will continue updating as new information becomes available. During the last few months, the Coronavirus has created an incredible impact on the...
Reducing Your Cost Structure
“It’s not what you pay a man, but what he costs you that counts.” —Will Rogers Good business leaders understand that having insight and control over the company costs is vital. Low overhead and a surplus of cash is a recipe for a financially successful...
Coronavirus Impact & Business Resources
Businesses are feeling the stress brought on by COVID-19 and have yet to understand the impact. Now more than ever, it's essential to stay informed, react, and plan for the future.
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What Should Your Next Steps Be When Applying for the PPP?
This article was originally written on May 1 and portions have been updated on July 7, 2020, in accordance with the PPP Flexibility Act signed into law on June 5 by President Trump. Additionally, the PPP application extension period being moved to August 8, 2020, for...
Analyzing Employee Utilization Rates to Drive Profitability for Professional Services Firms
How utilized are your employees? What percent of their time is being spent working on projects that are not billable to the client? How much is that costing your company in productive capacity? If you do not know the answer to these questions, you could be missing out...
How to Effectively Communicate Your Company’s Financials with External Stakeholders
Presenting financial information in an easily digestible format is essential when communicating with external stakeholders such as lenders, investors, and other strategic partners. These communications are vital to the long-term success of a business; however, it can...
Important Questions When Planning and Testing A Business Strategy
As any good business leader knows, planning for the future is a necessary step to help ensure the company heads in the right direction and reaches success along the way. Now more than ever before, this practice is a necessary step to even ensure its survival....
Internal Controls That Protect Your Business From Fraud
News headlines involving embezzlement, fraud, data breaches, and other scandals may have you nervous, especially during the current economic climate. "What is happening within my organization?" might be a thought regularly occurring in your head. After all, fraud is...
How to Proactively Recession-Proof Your Business During COVID-19
The onslaught and massive outbreak of Coronavirus causing COVID-19 in the last two months has caused the world to turn upside down. Economies have tanked and the DOW has seen the most highs and lows since the 1930s. In this blog, we provide a breakdown to support: The...
Your Guide To Financial Modeling And Scenario Planning for COVID-19
In the current state of affairs, many leaders are thinking about the future. Forward-thinking is an essential part of business leadership, to be able to guide your employees and steer your company in the right direction. In uncertain times, it is important to...
When Should You Consider Outsourcing Your Accounting Operations?
Do you spend late nights and weekends struggling to keep up with your company’s accounting records? Or worse, does this time intervene with the time spent running the operations of your business? Are you unable to assess the profitability of your business or perhaps...
The Importance of Cash Flow Management for Small and Mid-size Businesses
“Cash is King." We hear this phrase time and time again, but why is it so important for small and mid-size businesses? The short answer – if you run out of cash, your business fails. Seems obvious, right? However, what may not be as obvious is that being profitable is...
Strategic Budgeting Help for 2020
In this guide, we provide the tools to be successful.
- Building a budget and the purpose behind having a formal strategic financial plan
- Why your business needs a budget & how to go from reactive to proactive management
- How to start putting together a plan to build your strategic budget & how far should you plan
- The value a strategic budget brings to better controlling your business
- Comparing budget vs. actuals against financial data and using this as a tool… and much more