One of the top killers of small businesses is anemic cash flow. If many or most of your sales are on credit, your P&L might look great, but if you aren’t collecting what you’re owed, you can soon find yourself unable to meet large critical disbursements like payroll, taxes, or supplier payments.
If you’re looking up the career ladder and considering future options, it’s good to have a detailed idea of manager-level and C-level jobs. What is the Chief Operating Officer’s primary function? What are the Marketing Managers’ top responsibilities? What does a Chief Financial Officer, or CFO, do all day?
Running a restaurant is a big deal. From menu planning to customer service to ensuring your employees are well paid and happy, living life in the restauranteur lane can be stressful. Add accounting and monthly sales figures into the mix, and you’ve got a recipe for a meltdown.
Small business owners—especially those just starting out—have a habit of ignoring detailed accounting, in many cases running the finances of the business in much the same way that they manage their personal checkbook.
Contrary to what you might think, going into business can be a relatively simple process. Yes, you may have to comply with local or state licensing or registration requirements, but “your business” can be as simple as going out and doing well.
The Internal Revenue Service said it will be making changes to the filing requirements for corporate and partnership taxpayers with assets of between $10 million and $50 million in an effort to lighten the burden.
The financial services of Odoni Partners LLC have played a vital role over the course of decades. In fact, we consider them to be part of our company’s extended family. There is no CPA we would trust and recommend more than Odoni Partners LLC.
Our Loyal Client
Odoni Partners LLC is a tremendous asset in tax planning and business evaluation. Their integrity, team strengths and balanced approach, combined with their experience with the Tax and business formations, have made them a valuable consultant and resource in building our companies.
Our Loyal Client
I’ve worked with many advisors and consultants over the years and Odoni Partners LLC has stood out. Their loyalty while we built our business from nothing shows their ability to recognize potential, to have a vision for the future, and to serve as a guide during growth.