The Importance of Cash Flow Management Companies are in business to make profits, plain and simple. Most business owners therefore focus on generating a profit and forget about something more important to the survival of the business than profits: cash in the bank. While the ultimate...
IRS Audit Triggers It is common knowledge that the IRS audits a very small percentage of tax filers – less than 1% - but audits are spread unevenly among income groups. The IRS has limited resources, so it prioritizes where it spends them. Naturally, the IRS...
The Outside CFO - Key to Financial Management Many entrepreneurs we talk to do not understand the types of service outside CFOs offer. For those of you wondering what an outside CFO can do for your business, we touch on some of the things an outside...
The Pros and Cons of Budgeting Many companies, especially smaller ones, do not create a budget. This can lead to financial problems down the road. Spending can easily get out of line with cash inflows when there is nothing to guide expenditures. Setting a budget can...