business planning

Outsourcing Business Functions

Business owners seem to have less and less time. One thing in plentiful supply in today’s business world is help. Orbiting every industry are providers, consultancies and independent contractors offering a wide array of support services. Simply put, it’s never been easier to outsource certain business functions so you can

2021-04-12T14:55:31-06:00January 29th, 2019|

Executing on Strategy

At the dawn of a new year, it is essential for all business owners to step back, breath and contemplate the future of their business and the wildly important goals they hope to achieve in the coming year.  Every business has a strategy.  Even the “no strategy” approach is, in

2021-04-12T14:55:31-06:00January 21st, 2019|

Accounting for Overhead Costs

Accurate overhead allocations are essential to understanding financial performance and making informed pricing decisions. Here’s guidance on how to estimate overhead rates to allocate these indirect costs to your products and how to adjust for variances that may occur. What’s included in overhead? Overhead costs are a part of every

2021-04-12T14:55:51-06:00January 2nd, 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|

Cost Segregation Study – Accelerate Depreciation Deductions

Cost Segregation Study - Accelerate Depreciation Deductions Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. These studies combine accounting and engineering techniques to identify building costs that are properly allocable to tangible personal property rather

2021-04-12T14:55:54-06:00September 25th, 2018|

Handle Buy-Sell Agreements with Care

Handle Buy-Sell Agreements with Care If you own an interest in a family-owned or other closely held business, a buy-sell agreement is a valuable document to have in place. These agreements specify whether — and under what circumstances — owners’ interests may be transferred. Buy-sell agreements should be planned and

2021-04-12T14:55:54-06:00September 25th, 2018|
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