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Management

Take Advantage of Your Financial Statements

November 11, 2020 by Todd Renner

Financial statement information is most useful if owners and managers can use it to improve their company’s profitability, cash flow, and value. Getting the most mileage from financial statement data requires some analysis. Ratio analysis looks at the relationships between key numbers on a company’s financial statements. After the ratios are calculated, they can be […]

Filed Under: Accounting, Management

Worker Classification: Pay Attention

September 16, 2020 by Todd Renner

It isn’t easy deciding whether a worker should be treated as an employee or an independent contractor. But the IRS looks at the distinction closely. Tax Obligations For an employee, a business generally must withhold income and FICA (Social Security and Medicare) taxes from the employee’s pay and remit those taxes to the government. Additionally, […]

Filed Under: Management, Tax Information

Tracking Mileage in QuickBooks Online

August 5, 2020 by Todd Renner

If you’re having to drive for work during the pandemic, let QuickBooks Online make sure you’re recording all of your deductible mileage. Many states are starting to open for business again. If yours is one of them and this is affecting you, we hope you’re taking steps to stay healthy. We also hope that you’ve […]

Filed Under: Accounting, Management, Tax Information

Getting a Handle on Payment Issues

July 8, 2020 by Todd Renner

Most small business owners love what they do. But that’s not to say things can’t get a little difficult, especially when customers don’t pay their bills on time. Even one or two slow-pay or no-pay customers can be enough to throw your company’s finances off. Understanding what might be going on with your customers and […]

Filed Under: Management

Growing Pains: Structural Considerations for Growing Your Business

June 10, 2020 by Todd Renner

Ask any small-business owner what he sees as the major challenges to growing his business, and chances are he’ll say: winning more sales. Ask any medium- or large-business owner what her major challenges have been, however, and she’ll probably say: structural growing pains — putting into place the necessary processes and structure to accommodate a […]

Filed Under: Management

A Short Summary of the CARES Act

April 1, 2020 by Todd Renner

You have probably seen a lot of information on the CARES Act. This short post is only meant to summarize the most important aspects of the Paycheck Protection Program Loans (PPPL) and the Economic Injury Disaster Loan (EIDL) programs. Both loans feature the possibility of forgiveness. Paycheck Protection Program Loans (PPPL) Employee Count: 500 or […]

Filed Under: Management

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