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Why Having An A/R Collections Policy is a Must

An A/R collections policy is an absolute must for any business that wants to operate efficiently. A strong policy will ensure continuity throughout the business, make sure that losses are minimized, and resources are allocated efficiently, and that customers are treated fairly and continue using the business’ services.

April 23, 2020
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Five Accounting Mistakes that Can Hurt Your Business

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.

September 26, 2019
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Restaurant Accounting 101: How to Keep Your Business Profitable

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.

December 13, 2019
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How to Speed Up Collections of Accounts Receivable

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.

December 19, 2019
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10 Ways to Prepare for Selling Your Business

When re-investing, it is wise to find the best tools to get the job done correctly. In order to alleviate some tax liability, implementing cost segregation has the potential to vastly minimize taxes due.

September 15, 2020
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Investment Income Tax To Impact Estates And Trusts

The Patient Protection and Affordable Care Act (P.L.111–148), (as amended by the Health Care and Education Reconciliation Act of 2010 (Pub.L. 111-152), contains a 3.8% net investment income tax (NIIT), that will impact estate and trusts, starting in 2013.

June 5, 2012
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The Importance of Having an Operating Agreement

When re-investing, it is wise to find the best tools to get the job done correctly. In order to alleviate some tax liability, implementing cost segregation has the potential to vastly minimize taxes due.

October 1, 2020
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Manufacturing Accounting Myths Explained

Every business wants to increase their bottom line and cash flow. However, many companies (especially small and medium-sized businesses) don’t know that there are nuggets of profit hidden in their accounting departments.

December 17, 2020
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Accounting Mistakes That Could Be Limiting Auto Dealership Profits

The auto dealership industry is already a competitive and confusing market to begin with, so it’s even more frustrating when you miss out on hard-earned money you’ve worked for.

January 6, 2021
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How Technology is Transforming Payroll

Gone are the days in which a team of trained professionals was needed to mercilessly hammer payroll data into spreadsheet after spreadsheet, making mistake after mistake late into the proverbial night, or at least they should be.

June 15, 2021
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