Unlock hidden cash from your balance sheet
Unlock money to buy assets Need cash in a hurry? Here’s how business owners can look to their balance sheet to improve cash flow. Receivables Many businesses turn first to…
7 steps to choosing a successor for your family business
Will your family business survive your retirement? There’s an old saying regarding family-owned businesses: “Shirtsleeves to shirtsleeves in three generations.” It means the first-generation owner started in shirtsleeves and built…
Make Budgeting Part of Your New Year’s Resolution
Make a budget now It’s important to resist the temptation to rely on gut instinct or take shortcuts when budgeting for 2018. Creating a solid budget that’s based on the…
Bonus Depreciation and the TCJA
The TCJA temporarily expands bonus depreciation The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily…
Time for Strategic Planning
You must find time for strategic planning As a business owner, you know that it’s easy to spend nearly every working hour on the multitude of day-to-day tasks and crises…
2018 Q1 Tax Calendar
Key tax deadlines for businesses and other employers Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018. Keep in mind…
Do your financial statements contain hidden messages?
Do you “Read” your financial statements? Over time, many business owners develop a sixth sense: They learn how to “read” a financial statement by computing financial ratios and comparing them…
Demystifying the Audit Process
Audit and You Independent auditors provide many benefits to business owners and management: They can help uncover errors in your financials, identify material weaknesses in your internal controls, and increase…
Risk Management and Your Business
Fortifying your Business with Enterprise Risk Management Hundreds of years ago, prosperous towns managed the various risks of foreign invaders, thieves and wild animals by fortifying their entire communities with…
GAAP vs. Tax-Basis Reporting
GAAP vs. tax-basis reporting: Choosing the right model for your business Virtually every business must file a tax return. Some private companies choose to issue tax-basis financial statements, rather than…