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5 FACETs to Digital Payments That Can Grow Your Business
Digital payments and accounting have served as a lifeline for many small businesses during the pandemic, allowing them to receive and send money without relying on checks, cash or credit card machines. This era will serve as a turning point in digital adoption among SMBs, from restaurants and breweries, to boutique clothing stores and even property management businesses.
Digital payment…Read More -
Entrepreneurs: Get Your Financials Ready to Scale Your Business
As an entrepreneur, you wear multiple hats. You’re tasked with understanding the basic financial aspects of your business, especially in the early days. In fact, when starting a company, many owners manage their own books out of necessity. Sound familiar?
Unfortunately that only works for a while.
As your business grows, things can get out of hand — quickly.
To…Read More -
How an Accelerated Financial Close Boosts Your Post-COVID Agility
There’s never been a better time to be more agile, more efficient, and more knowledgeable about your business financials.
Your business, like so many others, is on the cusp of a collective post-COVID comeback. Experts say the U.S. economy is about to boom — or, to use the words of the Federal Reserves’ Board of Governors member Christopher Waller, it’s…Read More -
How To Make Order Out of QuickBooks Chaos
Got QuickBooks Chaos?
Chances are, you do.
I’ve seen it so many times as a consultant. Different industries. Different business models. One common denominator: QuickBooks Chaos.
If you have inconsistent and duplicative naming, if you have to scramble to find answers to everyday questions about business financials, if you can’t easily replicate QuickBooks functions as repeatable business procedures, or if…Read More -
Growth, Taxes & Regulation: What CFOs Need To Be Thinking About in 2021
Q1 is done. Planning is baked. Strategy is in focus. And now it’s time to start advancing. The road ahead for 2021 will have both opportunities and obstacles — some predictable, some not. Let’s talk about what we know right now.
While Dorothy was primarily concerned with lions, tigers and bears in Oz, CFOs in 2021 should be keeping their…Read More -
Tax Credits Available For Employers Allowing Employees to Get COVID Vaccine
With the hardships COVID-19 brought to many employees, they may not be able to afford lost wages by taking time off to get vaccinated or to recover if needed. To help get these employees get vaccinated, President Biden announced that as part of the American Rescue Plan, no employee in a company with less than 500 employees will lose pay…Read More -
America’s Economy Is About to Roar: Get Ready for Post-COVID Economic Growth
A preponderance of economists have weighed in and the consensus is impossible to ignore: America’s economy is about to roar — much like it did following the Spanish Flu pandemic of the early 1900s. History, it seems, is about to repeat itself.
For us in 2021, it’s a priceless once-in-a-lifetime opportunity.
Now is the right time to get ready to…Read More -
5 Tips to Structure Your Finance Team for Success
If you’re a fast-growing company looking to structure your finance team and position it to help you grow intelligently, it can be hard to know where to begin. Fortunately, there are always people willing to share their expertise. Here are important considerations when structuring your financial team to meet the needs of your growing business.
1. Focus on the…Read More -
How to Determine if Your Business is Eligible for the Employee Retention Credit
There has been a lot written about the Employee Retention Credit (ERC), and much of it makes reference to the fact that more guidance was expected to clarify some of the gray areas of the law. Recently, we received additional guidance in the form of a 102-page notice from the IRS: IRS Notice 2021-20. More guidance is expected.
I know…Read More -
How Teleworking Can Cause Double Taxation
"’Tis impossible to be sure of any thing but Death and Taxes"
-Christopher Bullock’s “The Cobbler of Preston” (1716)
We all know the drill. States can tax your income if you live there. States can tax your income if you just work there. It’s a well-known fact that some mega-earning professional athletes pay substantial non-resident taxes to both…Read More -
Protect Your Company From Employee Fraud
In the news recently was a story about a 19-year-old employee who stole over $1 million in two weeks from a Kroger grocery store in metro-Atlanta. Most of the fraud was related to fraudulent return transactions, and one of them exceeded $87,000! Fortunately, Kroger was able to recoup some of the funds, but that doesn’t make the story any less…Read More