a person touching a stack of coins
High interest rates, at least in relative terms, are here to stay for the foreseeable future. And more increases could yet be on the way. We constantly hear from CEOs asking for our crystal ball, and many of them are uneasy about the interest rate environment.… Read More
a person typing on a laptop
Streaming giant Netflix recently rolled out the bold decision to crack down on password sharing. While controversial with many of its customers, from a business perspective, Netflix felt it had no choice than to act given the rising costs of its content library and the revenue loss from users gaining access to the platform for free by simply sharing a login.… Read More
Workers managing inventory in a modern warehouse
Many sectors in the U.S. economy right now are experiencing bloated levels of inventory as the supply chain has caught up and demand in spots has cooled, leading to a bit of a perfect storm. Seemingly long forgotten are the persistent supply chain bottlenecks that disrupted the flow of just about every good resulting from the pandemic.… Read More
a hand touching a graph
We are now over a quarter into the new year. Like many companies, you may find yourself falling short of plan. That doesn’t mean the budget has all of a sudden lost its value. It can be your best friend. This is not the time to panic.… Read More
a graph of a rising graph of money
Many small business owners are seeing a flurry of headlines. Much has changed in just a handful of days. Silicon Valley Bank, the 16th largest bank in the United States, has failed. While the situation is fluid, what is most important is that we are in a starkly different environment than in 2008.… Read More
Two professional women engaged in a discussion at a desk
As I interact with business owners on a daily basis, I’ve noticed there seems to be no consensus on just how severe of a recession we will see or what the impact will be. Thus far, the effects of a slowdown have varied greatly by industry.… Read More
a person holding money in their hands
Cash is king, nothing new there. In times of economic disruption especially, there are some silent killers relative to cash that every business needs to be on the lookout for and mindful of the potential effects. When we talk about cash conversion, what that means is how well a business is converting inventory (for businesses that have it), and accounts receivable into cash.… Read More
a person using a laptop
Last year is wrapped, the budget for the new year is done, and you are ready to execute on the goals of the coming year. Yours may be one of the many small businesses that is already off plan. That could be because the budget process had flawed assumptions, or it could be because the business has not performed to expectations.… Read More
a white question marks from a string
It seems one cannot get through a day without hearing or seeing an ad for the tax credits that you may be eligible for. I’ve received two voicemails and four emails regarding our firm’s eligibility just within the last week. This is of course promoting the Employee Retention Credit.… Read More
A person in a suit marks a check in the air
Year end is a scramble for most businesses between the flurry of closing last minute business, finalizing budgets, year-end bonuses, not to mention managing around vacation schedules and the holidays. The end of the year is also a critical time to observe what is going on in the business from a financial and compliance standpoint.… Read More