I would advise that all business owners and leaders should have a trusted group of service providers/advisors. This is especially important for the small to mid-size business owners who generally don’t have such professionals on staff. This is your non-employee support team. I am talking about your banker, tax professional/CPA, […]
The new COVID relief package has arrived, and employers have a lot to sort through. The $900 billion Consolidated Appropriations Act, 2021 makes changes that will help businesses and individuals. To ensure your company and your employees take full advantage of everything in the 5,593-page new law, we broke down […]
2020 was a year of challenges and change for CFOs and their companies. Through it all, you persevered – and learned a lot of important lessons along the way. From remote work and digital transformation to personnel changes and reallocated budgets, your business worked hard to adapt to new processes […]
The IRS has announced the new standard mileage rates your business will use for 2021. And this time, the IRS is decreasing the amount you can reimburse employees tax-free on the road. As of Jan. 1, 2021, the new mileage rates are: 56 cents per mile for business miles driven […]
The COVID-19 pandemic is causing businesses to reconfigure offices and factories to allow for social distancing among employees, rethinking guidelines about working from home, refinancing debt, conserving cash, and controlling costs. Another “lesson being learned” is the strong push by businesses to accelerate digital transformation. What is Digital Transformation? Digital […]
Cash flow analysis, forecasting, and management are essential to operating a successful company. Internal cash flow, or cash flow from operations, is one of the most important financial factors in a business. It is critical for business owners to understand cash flow, and how it differs from net income so […]
What questions should you be asking yourself to help identify blind spots that could be impacting the growth of your business? This list of questions hit my radar while reading an article in Inc. magazine a couple of years back and now seems a perfect time in our business climate […]
As a result of the Coronavirus Aid, Relief & Economic Security (CARES) Act, the Federal Reserve has created the Main Street Lending Program to provide a total of $600 billion in financing for small and medium-sized businesses.
In time of crisis, the importance of a seasoned CFO is crucial to a small business’ ability to survive and thrive.
We’re in the midst of a once-in-a-century pandemic, and uncertainty has never been greater. Each week, and sometimes each day, presents a new challenge, and some of those challenges present issues that we may not be prepared to face. But we persevere. It’s been five months since the wave of […]