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Key Business Metrics Series: Recurring Revenue
This is the first in a series of articles over the next few months discussing key business metrics relevant to the Software as a Service (SaaS) industry. Each article in the series will briefly explore a different relevant SaaS key metric including the definition, the applicable business context and its use. The focus for this article is CMRR.
Definition: CMRR…Read More -
Good News in the New Year: IRS Extends ACA Filing Deadlines
Employers and other organizations got some good news from the IRS for the start of the new year. The tax agency announced that it's extending the due dates for filing 2015 Affordable Care Act (ACA) information returns. This gives employers extra time to complete two tasks:
1. Provide the forms to the recipients and
2. File the forms with the…Read More -
Save Taxes While Controlling Employee Health Costs
If rising health care costs have sent your company searching for ways to reduce expenses, you should know there are alternatives to standard medical insurance plans. Your choices are not limited to either paying the higher costs yourself or transferring the burden to your employees. Tax-advantaged strategies are available which can mitigate the effect of rising costs for you and…Read More -
Private Equity: Taking Companies to the Next Level
The number of mergers and acquisitions has continued to be strong in recent years, and private equity has remained as one of the driving forces.
With private equity capital looking for investments these days, the gates may be open for companies to find opportunities for cash infusions while business owners remain at the helm.
At some point in their business…Read More -
Why I Joined The Fahrenheit Group. And, What Makes this Firm so Different…
As I launch the Carolinas practice for The Fahrenheit Group, I have received many congratulatory emails, which have included a common question, “why did you join The Fahrenheit Group?” So, I thought I’d take this opportunity to share my answer to that question – and the principles that guided my career decision.
Some people believe there are no chance meetings…Read More -
How CEO’s of Growing Companies Arm Themselves to be Competitive
In today’s business climate, remaining competitive is more difficult for small and middle market businesses, particularly when they do not have the full suite of executive brain power at their disposal. This is mostly due to critical mass or financial limitations in order to afford these executive positions, or frankly, to keep those executives completely engaged in the business. An opportunity for…Read More -
Structuring for Success: Employee Bonus Plans
Many companies today are creating bonus and incentive compensation plans to reward hard-working employees for jobs well done. Such plans can be a win-win: Employees receive a tangible reward for exceptional performance, and businesses reap the benefits of high achievements.
However, creating an employee bonus plan without carefully thinking through what you want to accomplish can end up doing…Read More -
Tips on Simplifying the Budgeting Process
As we go deeper into the second half of 2015 an article from 2011 has started recirculating in accounting and finance circles. Why? I am not sure. But, maybe the realization that we are no too far from autumn has people realizing that means we are not too far from…BUDGET SEASON!
There are not many words in accounting and finance…Read More -
Set a Realistic Price for Your Business
Selling a business is a goal for many owners — either as part of a succession or estate plan. If the time for selling is getting close, you want to come up with a price that you and a buyer can agree on. Here is a look at what is involved in price setting and how to determine a realistic…Read More -
2016 Budget? …Don’t Forget to Feed it!
How do you make 2016 look just like or worse than 2015? You slap together a “budget” in an hour or two and declare it complete and don’t look at it again until Q2 ’16.
A budget is only useful if it is developed with three primary ingredients:
Buy-in
“Stretchiness”
Care and Feeding
Buy-in doesn’t mean that the management team…Read More -
Accounting Processes Matter… A Lot.
A recent ConstructionExecutive.com article (read full article here) mentions how accounting methods in the construction industry affect cash flow and financial reporting. The decision to account for “small tools” purchases as a job cost as opposed to a capital expense absolutely affects near-term financial metrics but can also affect corporate reports and financial statements that bonding companies and lenders analyze.…Read More -
Handle Payroll Taxes With Kid Gloves
If you operate a business that collects payroll taxes from employees, here's a warning: Regardless of what your corporate financial situation is, don't borrow from the withholding tax fund. If that money isn't there when it's due, Uncle Sam will crack down hard. All businesses face downturns when cash flow dries up. It may be tempting to look at payroll…Read More