“I have a CPA; why do I need a CFO?” is a common question we get from small business owners. We agree …
Take 6 Steps to Be Ready for the New DOL Overtime Rule
The new U.S. Department of Labor (DOL) ruling regarding overtime for exempt employees takes effect December 1, 2016. The revised minimum yearly …
Mid-Year Milestones
Many companies track financial data weekly, monthly, and quarterly, which is a good idea. But time gets away, and it seems like …
How to Avoid Sales Tax Surprises
Sales tax laws are constantly changing, and sales tax audits have increased since states and local agencies have become creative about finding …
Think Outside the Box – 8 Ways to Delight Customers
Most businesses have processes in place that keep the company moving forward each day. But pausing to think about how a company …
6 Most Helpful Relationships for Small and Mid-size Business
The quality of a business’ external relationships make running the business easier. Managed correctly, those relationships may also increase a company’s profitability. …
Social Media: Separating Business from Personal
People tend to fall into one of two camps when it comes to the combination (or not) of business and personal on …
Successfully Aligning Personal and Business Goals
Business owners often start or buy a company because of a passion for the work, and they want control and freedom. However, …
Avoid 4 Mistakes for Better Financial Health
Small business owners have a lot on their plates. While accounting may not be the primary function of the business owner, mistakes …
Using Accounts Receivable to Improve Cash Flow
Technology lets businesses streamline and make substantial improvements in customer invoicing processes. The faster a business is able to generate an invoice, …
Cloud Accounting Benefits & Options
Companies who haven’t made a switch to cloud accounting may wonder if the benefits justify making a change. As more and more …
Time is Money – 12 Tips to Get More Done
Time is one of the most precious resources on the planet, but most people don’t treat it that way. In business, it’s …
The Word of the Year for 2016 is . . .
Margin. I know, sounds pretty boring. But with a little explanation, margin is one of the most important statistics in our business …
Don’t Let the Grinch Steal Christmas: 5 Internal Controls to Preserve Cash
No business owner wants to think that internal theft is a possibility in their business. But the desire for additional cash may …
3 Ways to Capture More Time in the Day
The benefits of technology set the expectation to get more done – faster – than ever before. But everyone needs space in …
6 Ways to Streamline Accounts Payable
Processing bills is time-consuming, and therefore relatively expensive when considering all of the handling and paperwork. Here are 6 ways to make …
How to Successfully Manage Budgets: Part 2 of 2
As we stated last month in the first installment (click here if you missed it), setting a company budget is the first …
How to Grow a Business with Successful Budgeting: Part 1 of 2
Budgets are essential for businesses to set goals and to control expenses. The unfortunate reality is that probably half of all companies …
Back-charging Made Simple – 5 Easy Steps to Accurate Job Costing
In almost all construction or land development situations, the need arises to charge a vendor/subcontractor for damage, improper work, or general neglect. …
5 Simple Steps to Take Now for Easy 1099 Prep Later
Closing out the third quarter is a good time to look ahead, because getting a jump on year-end activities saves a last …
A Few Pointers for Deducting Entertainment Expenses
NOTE: Since the passing of the New Tax Law in 2017, the rules for deducting the expenses mentioned in this article have …