Cash Flow Analysis The statement of cash flows is one of the four core financial statements for-profit businesses use. It shows how cash ‘flows’ in and out of a business during a specific period. Inflows show money coming into a…

Signs Your Business Needs Virtual CFO Services Over the past few years, you remember hearing about virtual CFOs and the services they provide. Initially, you thought to yourself, ‘my business is chugging along just fine without a virtual CFO.’ Fast…

Salary Transparency Laws: What You Need to Know In recent years, pay equity has become an important workplace concern, resulting in increased action from lawmakers and employers to address the issue. In particular, salary transparency laws focused on pay transparency…

Financial Ratios for Small Businesses Financial ratios are tools that businesses can use to assist in achieving their goals. They help a business focus on its financial health. If used properly, financial ratios can pinpoint areas that need development. As…

The Ins and Outs of Government Contracting What is Government Contracting? Government contracting refers to the process through which the government procures goods, services, or projects from private sector businesses. It allows the government to obtain the necessary resources to…

Financial Ratios As a business owner financial data is something you have become all too familiar with. Every month you take the necessary steps to ensure your financial data is current and accurate. First, you enter the data entry into…

Are CPA’s Solely Tax Gurus? Certified Public Accountants (CPA) are highly trained people, specializing in accounting. They took the time to earn a professional designation by meeting several requirements. The conditions they met include passing the CPA exam, their level…

How Accounting Plays a Role in Strategic Planning As the business world changes, so too must the accountant’s role. Accounting plays a crucial role in strategic planning as it helps organizations make informed decisions based on financial data and insights….

Who Needs an Incurred Cost Submission? It is a few weeks into the new year, and you finally feel like you can breathe again. Your business’ financial statements are done, and your taxes are in progress. For the foreseeable future,…

Are Employee Gifts Taxable? As a business owner, giving employees gifts and other fringe benefits is something that you are familiar with. Every year you may like to give holiday bonuses or give a gift to each employee on their…