Articles & Resources
Don’t Assume your Profitable Company has Strong Cash Flow
Most of us are taught from a young age never to assume anything. Why? Well, because when you assume, you make an … you probably know how the rest of the expression goes. A dangerous assumption that many business owners make is that, if their companies are profitable, their cash flow must also be strong. […]
Know the Fundamentals: Forensic Accounting
There are some concepts in forensic accounting that are fundamental! These concepts are generally, but not categorically, true. They serve reliably to give you a meaningful “gut reaction” to what the proper treatment is likely to be when understood and mastered. They are a foundation for what I call my “smell tests.” Accountants (forensic and […]
Pondering the Possibility of a Company Retreat
As vaccination levels rise and major U.S. population centers fully reopen, business owners may find themselves pondering an intriguing thought: Should we have a company retreat this year? Although there are still health risks to consider, your employees may love the idea of attending an in-person event after so many months of video calls, emails […]
The Long and Short of Succession Planning
For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and have no intention of giving up ownership anytime soon. But if the past year or so have taught us anything, it’s that anything can happen. Owners who’ve built […]