Strong billing processes are critical to healthy cash flow
Business owners: Cash flow is the lifeblood of a successful company, and your billing processes have a huge impact on it. Make sure you’re not taking billing for granted
Receivables: Quality counts
Don’t take accounts receivable at face value. Here’s how to evaluate the quality of receivables.
Turning receivables into cash
Collecting cash from customers takes time and patience. To bridge the cash gap, consider these creative strategies to monetize outstanding receivables.
Solo business owner? There’s a 401(k) for that
Self-employed people: Your business (that is, you) can sponsor a retirement plan just like any other employer. Here’s what you need to know about a solo 401(k).
Why some small businesses are switching to tax-basis reporting
Are you fed up with all the recent accounting rule changes? For many private companies, the new lease standard that went into effect in 2022 was the last straw. Here’s an alternative reporting framework to consider.
Virtual currency lands in the IRS’s crosshairs
If you do business with virtual currency, it’s time to bone up on related tax requirements. The IRS is paying closer attention.
Why can’t my profitable business pay its bills?
Bills, bills, bills! From utilities and payroll to taxes and supplies, there’s always a bill that needs to be paid when you own a small business. When cash is short, it pays to understand the differences between profits and cash flow.
Strategic tax-planning Q&As for construction businesses
Most people, including construction business owners, feel a sense of relief when their taxes are filed. But contractors need to make tax planning a year-round activity. Here are some Q&As to consider.
In financial planning, forecasts and projections aren’t the same
No business owner has a fully functional crystal ball. But a carefully created forecast or projection can help you better prepare for the future.
Why businesses may want to consider ESG in strategic planning
Business owners: You’ve probably seen the abbreviation “ESG” in an article or maybe heard about it on a podcast. You may want to consider whether and how the concept applies to your company.
Commit to continually improve your nonprofit’s accounting processes
Accounting inefficiencies and errors can cost your nonprofit time and money. Here’s how to root out and repair less-than-perfect processes.
What’s in the Fiscal Responsibility Act?
With a financial crisis averted, let’s take a look at the highlights of the Fiscal Responsibility Act.