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...
How To Protect Your Small Business From Employee Fraud
Whenever a high-ranking executive from a prominent organization gets involved in a case of embezzlement or employee fraud, it makes headlines around the world. These are a few more well-known examples of fraud: Dane Cook, an American comedian, whose brother who was...
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...
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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Important Questions To Ask 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. Part of...
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
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...
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...
Why You Need Financial Scenario Planning for What Ifs
If you’re not familiar with “what-if” scenario analysis, it’s time you familiarize yourself and jump on board. This type of planning can reveal unanticipated difficulties that can destabilize a project, making it a valuable analytical tool. By helping you prepare for...
What Should Small and Mid-Size Businesses Expect From Their CFO?
The CFO's role within an organization depends on several factors. These components may include the expectations coming from the CEO and board of directors, and may also vary depending on the industry, corporate strategy, and the goals of the business. A company’s size...
The 3 Financial Statements Every Leader Needs
As a business owner, financial data is critical to your success — but only if you know how to interpret the meaning behind the numbers correctly. Most owners or leaders within an organization rely on the aid of an accounting team to accurately analyze and organize...
Top 10 Things Every Business Needs to Know About Sales Tax
As a business owner, you are used to facing never-ending checklists to help get your new ventures up and running. Before the first customer walks through the door, the new owner has already tackled seller's permits, licensing, zoning, and registration, among other...
This Is What You Should Expect From Your Tax Advisor
It’s been over 7,000 miles since your last oil change, so you drive to the mechanic for a service. You’re a few pages through a magazine when the mechanic informs you that your car is on its last legs unless you permit them to fix one specific part. The good news:...
Strategic Budgeting Help for Your Business
In this guide, we provide the tools to be successful.
- How to build a budget & how far you should plan ahead
- Why your business needs a formal strategic financial plan
- How to go from reactive to proactive budget management
- Using your budget to gain more control over your business
- Comparing budget vs. actuals against financial data