Breakeven and Burn Rate: Valuable Tools for Managing Performance
Breakeven and burn rate have historically been used to gauge the viability of start-ups and high-tech companies that have yet to turn a profit. But these analytical tools can also be used by established businesses Read More
Aug 15, 2023
Valuing Professional Practices
There are many types of professional practices. Examples include medical, architecture, engineering, accounting, advertising, design and law. From a business valuation perspective, it's important to recognize the common denominators these businesses share. Reliance on Read More
Aug 14, 2023
What Construction Businesses With Inventory Should Know About Section 263A
Section 263A is an often misunderstood and misapplied part of the Internal Revenue Code. And it's one that many construction businesses — particularly homebuilders — should get a handle on to avoid unexpected tax issues Read More
Aug 14, 2023
Successfully Navigating the Shift to Reshoring Manufacturing Production Can Be Tricky
For decades, products that were made in America were synonymous with high quality and were manufactured in great abundance. Comparable products from other countries were often viewed as cheaper knockoffs. However, in the late 20th Read More
Aug 13, 2023
Growth Secret: Working on Your Business vs. in It
Entrepreneurs are typically overachievers who direct a laser-like focus on their business. Many feel responsible for managing the smallest details and responsibilities. But while some early-stage businesses can’t afford much of a payroll, there’s a Read More
Aug 07, 2023
Five Strategies to Improve Cash Flow Management
For most businesses, few topics are as critical as managing cash flow, but with numerous pressing matters demanding attention, it is common for busy entrepreneurs to overlook warning signs of potential cash flow problems. Here Read More
Aug 03, 2023
How Rising Interest Rates and Inflation May Affect Financial Reporting
External market conditions may affect the amounts reported for certain items on the financial statements, including profits, loans, leases, investments and intangible assets. Estimates and disclosures for various items may be affected by current (or Read More
Jul 28, 2023
How Businesses Can Remain Agile Amid Economic Uncertainty
Most business owners can agree that we are living in strange economic times. Some industries are thriving while others are struggling to contend with high interest rates, lingering supply chain issues, and inconsistent consumer behavior. Read More
Jul 24, 2023
Midyear Tax Planning for Small Businesses and Owners
Summer isn't just for barbecues and baseball. It's also a good time to think about ways to cut your 2023 business tax bill. Here are four planning ideas for small business owners to consider, assuming Read More
Jul 18, 2023
3 Big Inventory Issues for Construction Companies
In the construction industry, supply-chain challenges are nothing new. They've just gotten much more media attention over the last few years. Increased globalization, a pandemic and geopolitical strife have all contributed to some notable slowdowns, Read More
Jul 17, 2023