“Don’t fear failure, fear being in the exact same place next year as you are today” (Unknown) This is a quote that really encapsulates everything we want to remember throughout the entire year. We are a firm that focuses on growth in ourselves, and especially in our clients. We know from experience that it isn’t [...]
When you first start out in business, it’s standard to service clients from a wide variety of industries. If you are building your client base it’s a smart way to start, and the only way to discover which industry you prefer or have the most success in. After a while, though, it’s important to look [...]
One area where most small business owners can improve their cash flow is in billings and collections. Keeping healthy cashflow is absolutely necessary to maintain a financially secure business. Here are some of our best practices we implement to ensure the health of our own business: Get it right: One legitimate reason for non-payment is a [...]
As you’ve probably heard by now, both the House and the Senate have passed their versions of a tax reform bill set to take effect for 2018. This does indicate that it is very likely that there will be some sort of tax reform coming. And the question everyone has is – how does this [...]
Small businesses need the right financial advice to continue growing, yet are often at a disadvantage because many cannot afford a full-time Chief Financial Officer (CFO). If your business is one of them, perhaps a virtual CFO or vCFO could be useful instead. What can we, as a virtual CFO, do for your small business? Here is everything you [...]
“There’s no shortage of remarkable ideas–what’s missing is the will to execute them.” Seth Godin had a good point when he said this. However, even if you have the ideas and the will, that does not necessarily tell you how to execute them! Fortunately, we have a list of the 10 tools you need to run your business [...]
Cash flow is one of the factors in a business that gets overlooked the most, but it also happens to be one of the most important factors in a business. Cash flow maintenance is more than knowing how much money is being earned and spent, and it does not matter how close your business is [...]
Military service members take many sacrifices and have special obligations in order to serve their country; naturally, their taxes are affected. There are a number of special tax breaks they are entitled to and this post will be to inform our service members of what exactly they entail. Residence or Domicile: Because there are times [...]
One of the most exciting adventures in life is starting a new business. It opens a world of opportunity to extend helpful services and make life easier for those around us. However, in the beginning stages of building a business there are several unavoidable expenses but by following these 8 tips on increasing profits you [...]
When was the last time you hired a person expecting them to be your office manager, accountant, CPA, receptionist, tax planner, human resource department, payroll department, accounts receivable and accounts payable and an expert IT Specialist? Ummmm hmmmm.. Exactly! This is not an overstatement. Small business owners put an immense amount of pressure on the [...]