blog
January 1, 2018
Officer Life Insurance

Many companies have life insurance on key employees and officers.  Kind of grim subject, but obviously if the key officers or shareholders get hit by a bus and dies, the company is going to have some rough times.  The life insurance proceeds can certainly help....

January 1, 2018
Small Business – Fraud Environment & Risks

Increased financial pressures during the current economic downturn have led to an increase in fraudulent business behavior.  It seems like you can’t read the daily business news and not see some article regarding embezzlement.  It is occurring across all sizes of busines...

November 25, 2024
Do Reviewed or Audited Financial Statements Add Value?

Many privately held companies have their financial statements compiled, reviewed or audited due to requirements from a governmental agency, lender, or a bonding company, but what other advantages can these services provide to a company besides meeting a requirement?  ...

December 26, 2017
7 Steps to Choosing a Successor for your Family Business

There’s an old saying regarding family-owned businesses: “Shirtsleeves to shirtsleeves in three generations.” It means the first-generation owner started in shirtsleeves and built the company up...

December 5, 2017
Why Are They Always Asking About Fraud?

Ever wonder why your auditors are asking for seemingly insignificant items or for detail on an insignificant financial line item?...

December 4, 2017
Cutting costs when you’ve gone over budget

Year end can’t get here soon enough for some business owners — especially those whose companies have exceeded their annual budgets....

November 6, 2017
Minimize inventory, services to make your financials shine

Your business financials — where they stand currently and where they might be going next year — are incredibly important....

November 6, 2017
Fortifying your business with enterprise risk management

Hundreds of years ago, prosperous towns managed the various risks of foreign invaders, thieves and wild animals by fortifying their entire communities with walls and towers. Today’s business owners can take a similar approach with enterprise risk management (ERM)....

October 25, 2017
Valuation Often Affects Succession Plans in Hard-To-See Ways

Any business owner developing a succession plan should rightfully assume that regular business valuations are a must. When envisioning the valuation process, you’re likely to focus on its end result: a reasonable, defensible value estimate of your business as of a certain ...

October 12, 2017
4 ways to get (and keep) your business data in order

With so much data flying around these days, it’s easy for a company of any size to get overwhelmed. If something important falls through the cracks, say a contract renewal or outstanding bill, your financial standing and reputation could suffer....

October 5, 2017
Critical connection: How costs impact pricing

As we head toward year end, your company may be reviewing its business strategy for 2017 or devising plans for 2018. As you do so, be sure to give some attention to the prices you’re asking for your existing products and services, as well as those you plan to launch in the...

September 29, 2017
Bridging the divide with a mezzanine loan

In their efforts to grow and succeed, many companies eventually reach the edge of a precipice. Across the divide lies a big step forward — perhaps the acquisition of a competitor or the purchase of a new property — but, financially, there’s no way across. The money is ...