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Are you prepared to manage your cash flow this year?

​A cash flow shortage is the number one reason why small businesses fail, but even mid-sized and large companies need smart cash flow management to survive and thrive. Insufficient cash forces companies to make difficult decisions about who is going to get paid and when. Unfortunately, this can lead to vendors and suppliers being paid […]

Focus on what you do best, and delegate the rest: Why now is the time to outsource!

If you found yourself avoiding your books in 2023, and your books fell behind, and you were unclear about your profit margins, cash flow, and expenses—it’s time to outsource your bookkeeping! Don’t ignore your business finances. Start right now. What can you gain by outsourcing your bookkeeping? 1. You save staffing and payroll costs. Adding […]

Elevate Your Business with SMART Goals

Setting goals is an essential part of running a successful business. Goals help provide direction, focus, and motivation for both you and your team. However, not all goals are created equal. To ensure your goals are effective and actionable, one method that stands out is the SMART criteria. SMART is an acronym that stands for […]

Giving Back: How Your Business Can Support the Community During Thanksgiving

As Thanksgiving approaches, businesses have a unique opportunity to make a meaningful impact on their communities. The act of giving back not only fosters goodwill but also strengthens the bond between businesses and the local community. In this article, we’ll explore how your business can effectively support the community during Thanksgiving, creating a ripple of […]

An “Innocent Spouse” May Be Able to Escape Tax Liability

When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s combined income. That means the IRS can pursue either spouse to collect the entire tax, not just the part that’s attributed to one spouse or the other. This includes any […]

Buy-Sell agreements Require Careful Planning

Does your business have multiple owners? If so, you need a buy-sell agreement. This type of binding contract determines how (and at what price) ownership shares of a privately held business will change hands should an owner depart. There are also potential tax consequences to consider. Unique Challenges Unlike public companies, private ones have no […]