Tag Archives | business advisory

past due invoice

5 Ways to Manage Your Receivables

Collecting your accounts receivable (AR) in a timely manner can head off  multiple financial issues for your company, including poor cash flow and the inability to pay bills. Here are 5 ways to manage your your receivables for more timely collections: 1. Re-evaluate your invoices. Customers prefer bills that are clear, accurate and easy to […]

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Notebook with Toolls and Notes about KPI,concept

4 Good KPIs for Midyear Checkup

We are halfway through the calendar year and it’s an opportune time for businesses to assess how things are going thus far. While sales may be up, there are some other good key performance indicators (KPIs) to analytically help you evaluate how well you’re doing. Here are four that can give you a solid snapshot […]

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Gregory M. Ward, CPA | Inventory Accounting Method Change Could Benefit Small Businesses | Dalby Wendland & Co. | CPAs | Business Advisors | Grand Junction CO | Glenwood Springs CO | Montrose CO

Inventory Accounting Method Change Could Benefit Small Businesses

Even with the new depreciation options and Qualified Business Income deduction available in the wake of recent tax reform, there are always circumstances where a taxpayer may require additional current year deductions. With the help of another element of the Tax Cuts and Jobs Act (TCJA) taking effect in 2018, certain small businesses currently accounting […]

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employees from various job types standing in a line

Classifying Workers: Employee or Independent Contractor?

Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. However, the government is on the lookout for businesses that classify workers as independent contractors simply to reduce taxes or avoid their employee benefit obligations. Why it matters When your business […]

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Buy or Lease Business Equipment

Life presents us with many choices: paper or plastic, chocolate or vanilla, regular or decaf. For businesses, a common conundrum is buy or lease. You’ve probably faced this decision when considering office space or a location for your company’s production facilities. But the buy or lease business equipment quandary also comes into play. Pride of […]

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