Blog
Using KPI’s For Your Business
Being able to reasonably forecast upcoming problems has become an essential skill for business owners -- but too many are flying blind, or doing "bank balance accounting". Can we help you fix this? Using KPI's For Your Business "It is common sense to take a method and...
What To Try When Your Business’ Receivables Are Slowing Down
One of my favorite things about what we get to do around here is helping our clients find "missing money" in their businesses. Whether it's through cost reductions, profit analysis, tax planning (LOTS of money can be saved there), or other means, what we are able to...
Use These Financial Reports For Business Decisions By Masterpiece Accounting Services
How do you make financial decisions for your business? Do you set aside time to review your actual financial reports, or are you committing "bank balance bookkeeping"? You know what I mean: checking your business bank account daily as a measurement of your business...
Struggling Businesses Should Be Careful With Price Reductions
If you're struggling in your business, and not getting the traction you need, I have a quick thought for you today. Struggling Businesses Should Be Careful With Price Reductions “Despite your best efforts, not everyone wants to be helped. Make a difference where you...
Measuring Key Numbers In Your Business And Developing Accountability
During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of Bloomberg): AOL Blockbuster Radio Shack Circuit City CompUSA Sears HotJobs Yahoo VoiceStream Wireless Gateway Computers The...
5 Business Mistakes That Can Be Fatal By Masterpiece Accounting Services
There is a difference between income and wealth. Tax returns aren't about wealth -- they're about "income", and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not ... and wage-earners probably...
Passing Down Your Family Business
If we've learned anything from 2020, it's that our best-laid plans don't always turn out. As the great philosopher Mike Tyson once said: everyone has a plan until they get punched in the face. What is your plan for exiting your family business? You need to have a...
A Few Helpful Tips for Businesses to Win at Controlling Costs
So ... I'm not sure if you knew this. Apparently, running a business is expensive. And controlling costs can be daunting. But despite whatever you might see from those gurus who are posing by their Lamborghinis in the Facebook ads ... even the leanest businesses are...
Expense Reimbursement vs Company Credit Cards: What Business Owners Need to Decide
If you'll forgive me, I'm going to get pretty geeky today. You probably didn't realize that there are actual pros and cons to expense reimbursement for employees, etc. or using a company cc. Oh my readers, I'm going to take you down a little rabbit hole today, yes I...