One of the things that small businesses – and often mid-sized ones too – don’t do well is bookkeeping, the source of all their financial reports. When money to (1) expand the sales and marketing team, or (2) add new products, or (3) pay bonuses to the owners, have to...
If you’ve not been living in a cave for the past couple years, you’ve heard about the rapid climb in home prices across the country – and much of the developed world as well. Inventory is in short supply, buyers are snapping up their first home, or their next one, or...
I had an exciting experience this week! The founder/CEO of a company that we are helping to return to profitability after a COVID collapse asked me to help him learn how to read the Statement of Cash Flow, so he could better manage the relationship between net profit...
A government program you may not have heard of – ERC, or Employee Retention Credit – is a way to get a refund of your employment taxes already paid into IRS – no strings attached. This is a refund that you’ll get directly from the IRS without resistance, if...
Most business owners think of Working Capital as the amount of cash they have in the bank. But virtually all financial analysts, advisors and lenders define it as the difference between Current Assets and Current Liabilities. One sounds simple and easy to understand,...
