Solid Financial Advice for Small Businesses

Especially in these challenging financial times, having a plan and sticking to it, as well as analyzing virtually every initiative and/or transaction from a profitability standpoint are MUSTS for small business owners.

Suggestions of action items that can positively impact your bottom line:

-          Understand the differences between fixed and variable costs: categorize your expenses accordingly. If…

Improved Collections Lead to Improved Vacations

It’s that time of the year. . . time to pack up and head out for your summer vacation. However, if you’re like many owners of closely-held businesses, this is sometimes easier said than done. If important things seem to grind to a halt when you’re out of the office, it may be time to…

Tax Act of 2009

Stimulated Yet?

The new economic stimulus package known as the American Recovery and Reinvestment Act of 2009 was signed into law by President Obama on February 17, 2009. The $787 billion new law, which contains nearly $300 billion in tax relief (of which $280 million is concentrated in the first two years), is a massive and…

Occupational Fraud – “The Hidden Expense”

In the “2008 Report to the Nation on Occupational Fraud and Abuse,” the Association of Certified Fraud Examiners (ACFE) estimated that fraud costs American companies $994 billion per year or 7% of the gross national product (or possibly 7% of your sales).

What to Offer?

Do I want to offer a retirement plan to my employees? If so, what type of plan should I offer? How much, if any, do I want to contribute…

Would the Founding Fathers Stay With Their Stock Portfolio?

“These are the times that try men’s souls.”

Thomas Paine