Recently while talking business with a banker, we discussed three items that could help people looking for help presenting their financial information to the bank. These items can help you organize what you need when seeking approval from the bank’s loan committee: Cash Flow – Your financial statements and tax returns over the last three […]
6 Essentials to Bank Financing Read More »
When running a small business, there are a lot of critical numbers to know that’ll help you make better business decisions. While many KPIs (Key Performance Indicators) are essential, what is most important is understanding your “critical drivers,” which are the key numbers that influence the results of sales, profits, or cash flow. Here we
The Critical Drivers on Your Accounting Dashboard Read More »
When tracking deductions for operating a vehicle while on the job, it’s either counted by mileage rate or expenses. Below, we discuss how to record and track them by creating an audit trail, which is used to trace the transactions in an accounting record. Here is a guide to what you need to know about
Cultivating an Audit Trail for Business Deductions Read More »
This article is focused on how to minimize your investment and receive the exact information you need from your accountant via two key strategies: Minimizing activity and reducing complexity. For businesses with a large volume of transactions and lots of complexity (checking accounts, credit cards, equipment, loans), streamlining the accounting process is critical. That’s why
Maximizing Your Return on Investment With Your Accountant Read More »
When it’s time to bring a new accountant onto your team, follow these three guidelines to foster a smooth onboarding process. 1. Monthly Cash Flow Reporting Checklist – What, When, Where, and How – This will be the first step to providing you with a checklist of what information you need to report each month.
3 Tips to Successful Onboarding With Your Accountant Read More »
The method by which you get money out of your business depends on the type of entity you are registered as with the IRS. Here, we’ll go over the different types of businesses and what sets them apart from each other when it comes to paying yourself. Four Types of Business Entity That Determine How
As a Business Owner, How Do I Pay Myself? Read More »
When we review a tax return, several factors can be considered to consider potential tax strategies you may be able to utilize and possible strategies for future years. Below is a blueprint to help understand the overall tax planning process. In conjunction with your conversation with your accountant, it can help you plan for cash
7 Tax Strategies Blueprint Read More »
For your business’ accounting needs, knowing what services you need and how to set up your operational systems is the foundation of receiving accurate and timely financial information. Having the right people on your team to ensure cash is accounted for means having an audit trail in place, your taxes minimized, and the financial information
Building Your Accounting Team Read More »
Recently in one of our workshops, an internal bookkeeper asked us: “How do I communicate to the owner the importance of these financial numbers? How do I effectively share this information with them?” She also shared how difficult it was to get the owner to understand them when it came to revising financial statements. This
Communicating the Numbers to the Owner Read More »
This question often arises for new business owners who either know their business is going to be more profitable this year than last or will owe more than $1000 at the end of the year. Most could use a friendly reminder on how to pay their estimates online, when to make them, and how it
Do I Need to Make Quarterly Estimated Tax Payments? Read More »
P.O. Box 406
Brookfield, WI 53008
(414) 269-8705
Waukesha/Brookfield Campus
20670 Watertown Rd, Waukesha, WI 53186
262-796-1040
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