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Recipe for a Successful Small Business

Every successful dish starts out as a trusted recipe, and as long as the recipe is followed, the dish is successful each and every time. It is difficult, if not impossible, to determine the amount of money lost through small business failures during the last five years. In 2009, the Kauffman Foundation estimated the start-up […]

Get Your Ducks In A Row for 2017 Tax Season

As fall approaches, we look forward to the holidays. After the thanksgiving turkey and Christmas ham has been eaten, we savor to the promise of spring, only to be reminded that the 2017 income tax filing season will soon be upon us. For many people, the act of filing their income tax returns creates significant […]

Proper Classification of Workers: Employee vs Contractor

Generally, business growth is accompanied by a higher head count, which in turn is accompanied by growing tax and employee benefit challenges. Many business owners may be tempted to minimize the impact of these challenges by classifying workers as independent contractors rather than employees. However, it is critical that business owners correctly determine the individuals […]

10 Best Practices for Accounts Payable

Healthy working capital flow is of paramount importance to all businesses. This is especially true for small to medium sized businesses. Accounts payable, when properly managed, can be an effective strategy to free up and protect working capital. Here are ten best practices for accounts payable management: Develop a written accounts payable policy and procedures […]

Gift Cards: What Retailers Should Know

Gift cards – gift or grief for the retailer? The answer depends on how much you know about gift cards. Gift card provide retailers with an opportunities to improve cash flows, increase sales and manage inventory. But more importantly, unredeemed gift cards have the potential to allow retailers to greatly improve their bottom line. Even […]

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