Category Archives: Advisory|Strategic Guidance|Value Building

How to Increase Manufacturing Purchases from Customers

Customer

In today’s fast-paced business environment, staying ahead of the competition requires more than just offering top-notch products or services. For manufacturing, distributing, and high-tech companies, maximizing customer engagement, sales revenue, and operational efficiency are paramount. To achieve these goals, here are strategies tailored to address key areas of focus: Frequency of Customer Purchases: Personalized Loyalty

The Impact of Remote Work on Taxation

Taxation, Remote Work

  In the wake of the global shift towards remote work, the landscape of employment has undergone a significant transformation. While remote work offers unparalleled flexibility and convenience for employees, it has also brought about complexities in taxation for business owners. The Remote Work Revolution Remote work has emerged as a defining feature of the

What are the Benefits of Outsourcing Your Accounting? 

  Let’s face it, staying competitive requires more than just offering a great product or service. This means that efficient financial management strategies and optimizing resources are a must. One such strategy that has gained significant traction in recent years is outsourced accounting. When we investigate how outsourcing your accounting functions can revolutionize your business

How much does it cost to Hire a CFO?

CFO

Understanding the Cost of a Full-time CFO  In the ever-evolving business environment, the decision to hire a Chief Financial Officer (CFO) full-time is a pivotal one. It ultimately involves a considerable financial commitment. A comprehensive analysis of data from four authoritative sources as of early 2024 sheds light on the financial implications of such a

How Cash can be found in Your Accounts Receivable

Accounts Receivable

The Importance of Accounts Receivable Accounts receivable (AR) represents the money owed to a business by its customers for products or services rendered on credit. It’s a fundamental component of working capital and can significantly impact a company’s cash flow and financial health. The Cash Conundrum Despite its significance, accounts receivable often harbors hidden cash

Navigating the New Year: Setting and Tracking Business Goals with KPIs

2024 Goals, KPIs

As we step into a new year, it’s a perfect time for businesses to chart their course towards success. This period of corporate planning is crucial, offering a fresh start and a chance to set ambitious yet achievable goals. Key Performance Indicators (KPIs) play a vital role in this process, serving as the compass that

What is the Home Office Deduction?

Introduction With the current norm of remote work and the increasing number of people operating businesses from their homes, the home office has become more important than ever. Beyond the convenience and comfort it offers, your home office can also be a source of potential tax savings. With the information found in this blog you

Understanding Key Performance Indicators (KPIs)

In the dynamic landscape of business management, keeping track of your progress and performance is essential for achieving your goals. This is where Key Performance Indicators (KPIs) come into play. KPIs are integral tools that help businesses measure their success and effectiveness in achieving specific objectives. KPI’s are great because they can be used to

How to Leverage Tax Planning to Increase Your Wealth

Tax Savings

Background      What I want to offer in this article is a conversation about how to think about reducing your taxes and creating family wealth with that savings. The fact of the matter is that nobody enjoys paying taxes and we would all appreciate a zero-tax bill. I have over thirty years of experience as

What is the Difference Between an Audit, Review, and Compilation

Audit, review, and compilation are three different levels of services provided by accountants or auditors when examining financial information. Each level offers a varying degree of assurance regarding the accuracy and reliability of financial statements. Let’s explore the differences between an audit, review, and compilation. Compilation A compilation is the simplest and least extensive of