Should You Implement ServiceTitan at $2 Million or Wait Until $5-10 Million?
One of the most common questions I hear from growing home service companies is: Should we invest in ServiceTitan now, or should we wait until we are bigger? The key is not whether you are large enough. The key is whether you are prepared enough. Advantages of implementing early: Build systems before growth exposes […]
Has Your Business Outgrown the One Person CPA Firm?
Has your business outgrown a one person CPA firm? Learn the key signs, risks, and questions to ask as your company enters its next stage of growth. By Michael Jamison, CPA, CGMA Evaluating whether the advisor who helped build the business is still the right advisor for the next stage of growth, is one of […]
6 tried-and-true strategies for improving collections
Businesses that operate in the retail or restaurant spheres have it relatively easy when it comes to collections. They generally take payments right at a point-of-sale terminal and customers go on their merry ways. (These enterprises face many other challenges, of course.) For other types of companies, it’s not so easy. Collections can be particularly […]
Education benefits help attract, retain and motivate your employees
One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial assistance from their employers. One way to attract, retain and motivate employees is to provide education fringe benefits so that team members can improve their skills and gain additional knowledge. An employee can […]
Want to Enjoy a Success Boom? Start with Business Consulting Services
Are you a budding entrepreneur dreaming of turning your small company into a success? Many steps need to be taken to get your business off the ground, but one of the most essential is seeking experienced business consulting services.Not only can these consultants provide invaluable advice, but they can also help make sure your foundation […]
Businesses, be prepared to champion the advantages of an HSA
With concerns about inflation in the news for months now, most business owners are keeping a close eye on costs. Although it can be difficult to control costs related to mission-critical functions such as overhead and materials, you might find some budge room in employee benefits. Many companies have lowered their benefits costs by offering […]
4 ways corporate business owners can help ensure their compensation is “reasonable”
If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but not dividend payments. Therefore, if funds are paid as dividends, they’re taxed […]
Succession Planning: Decide the Future of Your Business
When deciding the future of your business, succession planning is a critical task. Business owners take their companies through many phases with intricate decision-making that can affect future generations.Planning for how and when those decisions will be made is essential if you want to ensure the long-term success of your enterprise. Succession planning should not […]
Strengthen strategic planning with competitive intelligence
Business owners and their leadership teams are rightly urged to engage in regular strategic planning to move their companies, thoughtfully and consciously, in a positive direction. However, no matter how sound a set of strategic objectives might be, it’s always important to bear in mind that your competitors have plans of their own. That’s why […]
Take advantage of the rehabilitation tax credit when altering or adding to business space
If your business occupies substantial space and needs to increase or move from that space in the future, you should keep the rehabilitation tax credit in mind. This is especially true if you favor historic buildings. The credit is equal to 20% of the qualified rehabilitation expenditures (QREs) for a qualified rehabilitated building that’s also […]
