Construction: How to Manage Your Cash Flow
Most owners focus on operational activities, not seeing how decisions like financing purchases and selling assets make a difference. Projecting future cash flow isn’t easy, but it’s even more complicated …
How to Manage Inventory
Do you always have the necessary products available when you need them? Have you lost out on business because items were out of stock? Have you lost money due to …
Can You Be Exempt and Non-Exempt at the Same Time?
You can allow an employee to work two different jobs for your company. However, under the FLSA, you cannot classify an employee as both exempt and nonexempt — it must …
Why You Need Accurate Monthly Financials
Monthly financial reporting helps owners, managers and potential lenders get a better understanding of a company’s current and future financial status. You can see financial trends when you examine daily, …
You Don’t Have a Business Plan – Why?
A business plan helps counterbalance your emotional response to your business so that you can step back and take an objective look at the following: A business plan also helps …
IRS Provides Guidance on Schedules K-2 and K-3
The IRS has provided further details on additional transition relief for certain domestic partnerships and S corporations preparing the new schedules K-2 and K-3 to further ease the change to …