To Expense or Capitalize Fixed Assets: That is the question.

Deciding whether to expense or capitalize fixed assets is one of the most difficult concepts for business owners to grasp.  Pretend for a moment you…

New Overtime Regulations Finalized

Earlier this year we brought to your attention proposed overtime regulations from Department of Labor that would significantly impact your small business by substantially increasing…

What Businesses Really Need to Know About Gift Cards

Mother’s Day is Sunday, which means the panic over what to get dear mom has officially set in. If your business routinely sells gift cards…

Coming to a Lease Near You: New accounting standard brings big changes to your balance sheet.

Does your company lease equipment?  If so, you need to be aware of major changes related to the accounting of your leases. The Financial Accounting…

Forecast Your Business Future – Use Rolling 12 Months to Identify Trends

Forecasting how your business will perform in the future can be tricky – many business owners give up in frustration if even try at all;…

Budgets and Forecasts – Why You Need Them Both

Budgets and forecasts are two very valuable tools for every business owner – you need them both. However, they are two very different tools that…

How Do I Forecast Cash Flow?

It’s that time of year when companies are in the middle of budgeting and forecasting.  One of the questions I get asked a lot is…

How to Build a Realistic Budget for Your Business

Very few small to mid size businesses actually utilize a budget.  I will discuss how to build a realistic budget for your business.  A budget…

Three Steps to Eliminate Your Cash Flow Crisis – Part 1

Okay – you’ve determined that you are in a cash flow crisis – now it’s time to go to work. Here are some proven steps…

25 Scenario Checklist to Identify If Your Business is in Trouble

As a CPA I view it as my job to help you identify when your business is in trouble. Unfortunately, by the time that I’m engaged…