Sep 5, 2024 | Business Planning, Closely Held Business, Not-for-Profit
Maintain accurate records; keep track of your company’s finances, bookkeeping, payroll, management accounting, taxes, accounts receivable, accounts payable and financial reporting; and follow up on debts and compliance. Phew! What a relief to have expert...
Jun 27, 2024 | Business Planning, Closely Held Business
Do you outsource HR and IT but feel squeamish about letting someone else get too close to your numbers? You probably have a fluctuating need for a bookkeeper, an accountant, a controller and a chief financial officer. You could hire all these people, but outsourcing...
Jun 20, 2024 | Business Planning, Closely Held Business
During the pandemic, data breaches disproportionately affected smaller companies; they were targeted at twice the rate of larger businesses. Since the pandemic, those same smaller companies have been struggling with COVID-19 fallout ranging from supply and labor...
Jun 4, 2024 | Business Planning, Closely Held Business
A Business Owner’s Policy (BOP) includes business income insurance, often called business interruption insurance, which compensates business owners for loss of income should a disaster hit that disrupts operations or forces you to vacate your offices. So BOPs...
May 30, 2024 | Business Planning, Closely Held Business, Tax News
First, make sure you really received an audit notification. The IRS will notify you by mail. The IRS does not notify taxpayers about audits by phone call or through email. If you do get an email saying you’ve been selected for an audit, it’s likely...
May 14, 2024 | Business Planning, Closely Held Business
Profitability is the ability of your business to earn a profit. A profit is what’s left of your generated revenue after you pay all your expenses, such as the ones involved in producing your product. So how do you analyze profitability? You want to generate...
