Beware of “Magic Bullets”

I heard a commercial on the radio the other day. A very confident voice saying, “I was able to grow my business by using (some accounting software), in fact, I can run my business from a dashboard on my phone!” Like some sort of “Magic Bullet… I understand the marketing aspect of this statement. The reality is, you can have the best software on the planet but if the data is…

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5 Things to Consider When Hiring A Business Consultant

IS THERE A NEED TO HIRE A BUSINESS CONSULTANT? Who Should Read This? This guide is written for all business owners and executives who want to get help turning their company, one area at a time, into a best-in-class operation. It is especially aimed at small business owners and especially anyone who may need to access capital or implement a succession plan in the next 5 years. The problems discussed…

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How to delegate work to be a successful leader

Delegation skills may be one of the most neglected supervisory competencies in business. This is unfortunate because supervisors who do not delegate effectively are usually so busy putting out the fires in their inbox that they are too busy to develop their people, too busy to plan, and too busy to think about how the big picture impacts their work. In short, they are too busy to lead. Consequently, it…

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6 Reasons to Outsource Your Company’s Accounting Functions

Even though we are a CPA firm, we still recognize no matter how incredibly important accounting is in ANY organization, it is time-consuming and gets in the way of the “fun stuff”, that is – revenue generating business functions. This in the main reason we’ve seen the increased trend of outsourcing these functions to outside CPA firms. But how do you know whether outsourcing the accounting function makes sense for…

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Small Business Year End Reminders

Small Business Year End Reminders As we say farewell to 2017, we hope you’ve had a good year and look forward to a successful 2018. Take note of some important year-end information below: Tax Deadlines December 31 – For Cash Basis taxpayers Year End bonuses to corporate owners must be paid to be deductible; simply accruing them is not acceptable. December 31 – Accrual basis taxpayers must prepare accounts receivable,…

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