SMART Goals Lead to Successful Businesses
Business Goals The first step to strategic planning is to set achievable goals. Step two, design strategies and tactics to achieve your goals. If your organization does the planning, but…
Upgrading Your Accounting System
Thinking of upgrading your accounting system? Read this. New financial data technology promises innovative and better features. But the challenge is deciding when new software is right for your company.…
Yes You Need a Succession Plan
Consider a long-term deal for your succession plan Independent business owners are just that: independent. They are the decision makers and success drivers. So what happens when the business owner…
Is your business competitive
Is your business competitive? One important component of assessing your business is knowing if your business is competitive. To reach any level of success, you must to be competitive with…
New rules for deducting pass-through business losses
New rules for deducting pass-through business losses It’s important to stay ahead of the Tax Cuts and Jobs Act (TCJA) changes to avoid negative surprises. One change is the TCJA…
Is a drop in profits a time to panic?
If your profits are down, don’t panic. Your financial statements can help you detect clues to solve the mystery of your disappearing profits. Check for red flags As you sell…
Cost Analysis Could Save You Money
Cost Analysis and You The best time to assess your cost management practices is when your business is doing well. Done properly, the results can be well worth it. The…
Tax Document Retention for Your Business
Tax document retention guidelines for businesses Your taxes are filed. But the office and computer files are bulging with all the records you’ve accumulated throughout the year and the…
Selling your business?
Selling your business? This checklist will help. Business owners retiring or selling their businesses engage a wide range of succession planning methods varying from simple, selling and walking away, to…
For-Profit vs. Not-for-Profit
For-profit vs. not-for-profit: Compare and contrast financial reporting goals As the term suggests, for-profit companies are driven primarily by one goal — to maximize profits for their owners. Nonprofits, on…