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Over the last two years, the government has thrown money at small businesses with the Paycheck Protection Plan (PPP), Economic Injury Disaster Loan (EIDL), and Employee Retention Tax Credit (ERTC). Yes, there have been other credits, loans, and payment delays. But, as the government cash dries up, inflation increases and loan payments and social security taxes have to be paid, small businesses could be in for a rough time. -
Since I started my CFO Services Firm, it seems like small businesses have had to endure challenges like never before. But, in some cases, it has led to new and exciting opportunities. -
We recently discussed general and industry-specific inflation. As the economy picks up, it will be more important to assess your costs to make sure you still have your desired profit margin. Once you build a system for entering job costing accurately, you should review this report and assess the lowest margin jobs or customers. -
I was recently interviewed on Springboard Your Biz TV. See the replay of the interview below. Watch to discover ways to Improve Your Business’s Cash Flow. I cover: -
As the economy is starting to recover from the pandemic, many businesses are facing the following problems: -
When I was a teenager, we had a dry erase board in our kitchen where we would write funny quotes. One time my brother simply wrote “Money goes away.” He had noticed that even when you seem to have a lot of money, it can disappear without much thought. You are left wondering what happened. -
We live in a world in which we always want more. We spend more money, so we strive for more revenue or income, and then we spend more money. It’s a never-ending cycle. -
What is the Employee Retention Tax Credit (ERTC) and how can it benefit my business? -
Have you heard the following myths regarding accounting and finances?