April 15th is not too far away. While we’re all aware of the April 15th deadline, ever need to know other tax deadlines? Like 1099 filing dates, quarterly tax payments, and the like.
Use this link to the IRS Calendar. It could save you real money by avoiding a tax penalty.… Read more >
While some new business owners face the issue of not enough customers, others face the issue of too many customers/clients. I am sure some of you are saying that is a problem you wish you had but both are serious issues and must be dealt with carefully. There are many lists on how to find new customers.… Read more >
Building on this topic originally brought up by Partner, David Kirkup
Benefits of an Audit
Auditors spell out their findings in a report after the on-site audit has been completed. A full audit report contains three main components. It will include an auditor’s opinion, then the financial statements, and finally the footnotes – basic information about the company, the accounting principles used, and information a reader of the report will need to understand the financial statements.… Read more >
A great article from the B2B CFO Ultimate Small Business Playbook:
Many small and mid-sized companies have basic accounting systems. They have a book-keeper, maybe a Controller. They have an accounting system – probably QuickBooks, or possibly a more advanced product. What they usually don’t have – and what for many is a major weakness – is a coordinated Financial Process.… Read more >
It may not be clear what a CFO does and how they can help companies improve cash, profits and long term business value. The following nine items show what is involved in building a strong financial management system.
1. Cash Flow Forecast – A weekly forecast of cash – out 6 weeks – will create a strong control discipline and enable you to look forward at least a month.… Read more >