Have you ever thought about moving your business from one location to another, what about remodeling your existing office space or warehouse? As businesses grow and mergers and acquisitions take place, changes to a company’s structure must be accommodated. It’s only a matter of time before some business owners find themselves facing relocation or contemplating … Continued
Author: Mark McKinley
Take a look at this infographic to discover three ways a budget can make you a more effective business owner and start taking greater advantage of your business’s budget today.
Just like a messy home takes infinitely longer to clean than one that’s been regularly maintained, so it goes for tidying up your business’s accounting records – the more you stay on top of them, the easier they will be to “clean up” come tax season. Read on to find out how you can take control of your business’s accounting.
In just a few short weeks you will likely join the scores of people counting down the seconds in anticipation of 2015. But are you really ready for the start of another new year? Is your business? December, also known as National Write a Business Plan Month, is the perfect time to reassess your business strategy … Continued
The economy is recovering and banks are beginning to lend more money again. But, it’s clear that the financial crisis permanently changed the rules of lending. Now, banks are requiring significantly more information before deciding whether to approve a loan. If the desired information is not provided, the process comes to a dead stop until … Continued
When the recession hit the United States, companies correctly moved into cost containment mode. The very best companies recognized it immediately and took the steps necessary to maintain profits. Others were not as quick and have taken a bit of time to return to their historical profitability. But one of the more lasting effects of … Continued
This is the final article of a three-part series, Thriving When Times Are Tough, dedicated to helping keep your business strong in a troubled economy. Part one covers cash flow management and part two covers checking the pulse of your business. A recession is like a natural disaster: some survive because they were in the … Continued
How many steps are needed to complete a process? If one step in the process can be eliminated, what would the savings be? What if you could eliminate two steps? Often when visiting our clients’ facilities, we notice duplicate efforts that should be eliminated or disjointed processes that should be linked. The solution could be … Continued
As accountants, we are often asked the following questions: “If my business is successful and posting a profit, why is it so hard to pay the bills? Where is the money going?” There are a multitude of reasons why your business can show a taxable profit yet, when it comes time to pay the bills, … Continued
Uncertainties in the job and financial markets make it imperative for parents to teach their children how to manage money wisely, beginning at an early age. A small allowance should be implemented around the age of six. This allowance should be unconditional and must not be tied to doing chores, for children should learn that … Continued