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…
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 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 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? 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: 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…
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…
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 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…
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…
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…