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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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What RE-Investors Need To Know About Cost Segregation

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.

July 29, 2020
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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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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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U.S. CFOs, Finance Leaders See Negative Impact From Rising Interest Rates

Survey of Chartered Global Management Accountants finds companies implementing hedging strategies, accelerating investments, forecasting lower demand in anticipation of higher rates.

October 22, 2013
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Your Tax Prep 2020 Checklist – For Next Year’s Filing

While there may still be some time before the tax filing deadline of April 15th, it is important to have all of your tax documents in order ahead of time.

December 22, 2020
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What’s the Difference Between Forecasting and Budgeting?
What’s the Difference Between Forecasting and Budgeting? No matter what type of business you’re running, budgeting and forecasting should be terms you know just as well as accounting. Both are crucial for the success of any business. While they both deal with your business financials, they are different in how you use them as a...
February 7, 2020
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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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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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Direct vs. Indirect Cash Flow: What You Need to Know

You may have come across the terms “direct” and “indirect” when preparing a cash flow statement. These are two different methods used for this purpose, and the main difference between the two is how accountants prepare cash flow statements from operating activities. Tax accounting professionals in Chicago, Odoni Partners, LLC, expound on using direct vs….

May 8, 2023
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