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Accounts Receivables

The volume and importance of your accounts receivables balance varies significantly by business type. A hair salon where customers pay at the time of service likely doesn’t have…

Pros and Cons of Buying a Franchise

People become small business owners through several methods. Some inherit a family business when a parent or relative retire. Others launch an innovative new product and find themselves…

Customer Service with a Personal Touch

Your customers are the lifeblood of your business. You exist to provide them with the products and services that fulfill their needs, and your success depends on how…

What to Know in 2021 About PPP Loans

Many businesses are still struggling due to the financial restrictions imposed due to COVID-19. The severely reduced income combined with ongoing payroll responsibilities has led to many businesses…

Startups and Equity

It can be difficult to attract talent during the start-up phase when you can’t necessarily offer the larger salaries and bonuses of a more-established company. Many start-ups turn…

Tips For Tracking Employee Time

Since a lot of employees are working from home now, it makes sense that employers are looking for efficient ways to track employee time. Even though employees do…

When to Hire a Contractor

When making staffing decisions, it’s important to consider all the variables. You may be hiring support growth, or bring in new clients. Other times, the role in a…

Payments Portals and your Small Business

Charging it has become part of the American way of life. Whether it’s because they want to delay payments, don’t have the money currently, or simply want the…

Options For Accepting Credit Card Payments For Your Business

How to accept payments for your business is always of great concern to businesses. Of course, you need to accept credit card payments so that you can offer…

Should You Hire Your Spouse Or Children?

If you own your own business you already know the joys of being your own boss. You may even have thought about bringing your spouse and/or children into…

Business Credit Cards

Many small businesses open business credit cards to help meet their capital needs. Roughly 67% of business owners have business credit cards, but less than half of them…

Mixing Personal and Business Finances

Don’t Mix the Personal and the Business; Keeping Finances Separate When you launched your business you might not have paid much attention to keeping your personal and business…

Helpful Tips For Getting Clients to Pay on Time

Does your company have problems getting paid on time? Certain industries are more vulnerable to this than others, but every business owner has experienced it at least once.…

Best Small Business Loan Products to Manage Cash Flow

Small business owners quickly learn the importance of monitoring their cash flow. The flow of money in and out of your business can impact everything from the stock…

Benefits to Hiring a Bookkeeper

When most of us think about running our business, we think about the fun things like product development, marketing and customer outreach.  For most business owners, the idea…

Tax Reform Twists Businesses Need to Know

With the passing of the Tax Cuts and Jobs Act (TCJA), tax professionals and businesses are beginning to absorb the massive changes and find some key twists in…

Steps For Compliance With The New Lease Accounting Standard

The new lease accounting standards will require some extra time and work for many companies as they race to satisfy the new requirements. In these new rules, two…

Topics Every Accountant Should Address with Clients

The relationship between accountant and client is a relationship based on open communication and the exchange of relevant ideas, and this serves as the basis for decision making.…

What You Should Know About the New Lease Accounting Rules (ASU 2016-02 Leases – Topic 842)

As noted in recent reports, current US Generally Accepted Accounting Principles (GAAP) as prescribed by Accounting Standards Codification (ASC 840) focuses on whether the lease transfers substantially all…

Foreclosure Sale Basics

What is a foreclosure? A foreclosure occurs when a property owner cannot service their mortgage (i.e. make principal and/or interest payments), usually leading to the property (distressed property)…

Do You Have An Effective Disaster Recovery Plan?

One of the most significant, if not the most significant function within any secure business is that of risk management. Risk Management equates to having a set of…

Do You Have An Interest In Exporting?

Small businesses looking to increase sales and profit, reduce dependence on the domestic market and stabilize seasonal fluctuations should consider exporting. Consider these facts:  Nearly 96 percent of consumers…

What Is a ROBS?

Rollovers as Business Start-Ups (ROBS) are financing mechanisms in which current or prospective business owners use their 401(k), IRA or other retirement funds to pay for new business start-up costs,…

What Should I Do After Acquiring A Business?

One of my favorite sayings is “the only constant is change.” This saying certainly holds true in the business realm where it seems that the mandate is also…

What Type Of Business Do You Want To Open?

So, you’ve decided you want to open a business? Have you given any thought to the type of business you want to open? Deciding what type of business…