What is Profit First and Why Do Accountants Hate It?
Mike Michalowicz, the author of the book Profit First and founder of the Profit First Method, developed a comprehensive training and certification...
small business accounting
7 Steps to Develop a Budget for Your Small Business
Developing a budget is a crucial aspect of running a successful business. A budget provides a roadmap for allocating resources, making informed...
6 Steps to Measure a Company’s Growth
In the fast-paced world of business, growth isn’t just a buzzword—it’s a necessity. For small business owners and entrepreneurs, understanding and...
How to Evaluate Your CPA's Performance
Looking for the perfect CPA for your small business is like finding a key teammate; it's crucial for your success. But wondering if your CPA is...
The Difference Between Profit Margin and Markup
Running a small business involves juggling various tasks, but understanding your finances is crucial for success. One area that often causes...
Small Business Exit Strategy: A Guide to Transitioning Your Company
Are you a small business owner considering transitioning out of your company? This is a significant milestone, and careful planning is key to a...
Trimming the Fat: Identify and Eliminate Unnecessary Expenses
Running a small business is a constant exercise in balancing growth with financial responsibility. Every dollar counts and identifying areas where...
Why get insurance from an accounting firm?
One of the first questions that comes to mind when considering insurance from an accounting firm is “why choose this option over a traditional...
Beneficial Ownership Information (BOI) Reporting Update
As we close Q1 we wanted to provide an update on this new reporting requirement as required by FINRA. Recently, a federal district court in Alabama...
The Importance of Understanding the Financial Statement Balance Sheet
Understanding the ins and outs of the financial statement balance sheet can seem daunting. Whether you're a business owner or simply interested in...
What to know before selling a small business
Are you thinking about selling your business? If retirement is on your horizon, you're not alone. At one time, many small business owners are...
Maximizing Depreciation for the Best Tax Position
When it comes to maximizing depreciation deductions before the end of the year, timing is critical. It's important to start thinking about this well...