business advisory

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

2021-04-12T14:55:11-06:00July 9th, 2019|

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

2021-04-12T14:55:12-06:00May 28th, 2019|

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

2021-04-12T14:55:12-06:00May 28th, 2019|

Cash vs. Accrual Method of Accounting

Cash vs. Accrual Method of Accounting Small businesses often use the cash-basis method of accounting. As businesses grow, they usually convert to accrual-basis reporting for federal tax purposes and to conform with U.S. Generally Accepted Accounting Principles (GAAP). Starting this tax year, the Tax Cuts and Jobs Act (TCJA) has

2021-04-12T14:55:54-06:00October 16th, 2018|
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