Restructuring Debt as a Business Strategy
Many businesses are facing the financial effects of the pandemic. The loss of clients and decreased cash flow have forced businesses to make some hard choices that involve restructuring debt …
The New Lease Accounting Standard – What you need to know.
Every day that passes marks less time for private companies to get ready for ASC 842, the new lease accounting standard. Private companies will have to comply with this standard …
Business Deductions: A Quick Review
You have lots of expenses when running a business. Are any of them deductible? To begin with, a deductible business expense must be both ordinary and necessary. An ordinary business …
IRS Overlooked Billions in S Corp Execs Taxes
According to this Accounting Today article, “Business owners are still getting away with avoiding billions of dollars in taxes.” The Treasury Inspector General for Tax Administration found the IRS is …
Keeping Track of Inventory
Let’s start with the basics of the processes in a manufacturing setting. Whether your company is building something large, such as a car, or something small, such as a toy …
Essential Tips: Managing Your Construction Company’s Inventory
Construction and inventory don’t always go hand in hand, but it’s important to understand your company’s cost to acquire products as your largest expense. For construction company owners who don’t …