It’s a common misperception that audit services are just a commodity – a compliance requirement that offers little to no practical value to the actual success of a business. On the contrary, a thorough and well-executed audit of your financial statements can, in fact, help you increase the net worth and overall efficiency of your ... Read More
Let’s face it – your strength is in running a successful company. You understand the ins and outs of your business and industry, but when it comes to accounting and auditing services, you may not have received any formal training on the specifics. With our new “Accounting 101” series, we hope to help businesses of ... Read More
The “Inc” business magazine describes an accountant as “someone who solves a problem you didn’t know you had, in a way you don’t understand.” While this is a bit hyperbolic, it does have a note of truth, which raises an important question: If you don’t fully understand the intricacies and complexities of ac ... Read More
Business owners traditionally evaluate the financial performance of their company based on net income, making continuous efforts to improve the bottom line by generating new sales and trimming costs. The common assumption among business owners is that in order to gain approval from bankers and other key stakeholders, strong profitability — in ... Read More
When it’s time to upgrade equipment, what’s the best plan of action?
It’s a question all businesses face when they are looking to purchase new equipment – should we lease or buy? It is important to understand that there are pros and cons to either route. There are several key factors to consider before you make your decision. ... Read More