January 18, 2019 in Audit and Accounting, Small Business /by Pete Gaudette
Business owners sometimes mistakenly equate profits with cash flow. Here’s how this can lead to surprises when managing day-to-day operations — and why many profitable companies experience cash shortages. Working capital Profits are closely related to taxable income. Reported at the bottom of your company’s income statement, they’re essentially the result of revenue less the […]
January 8, 2019 in Audit and Accounting /by Pete Gaudette
External audits aren’t required for every business. But whether required or not, they can provide lenders and investors with assurance that your financial statements are free from material misstatement and prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). How can you help facilitate efficient, timely audit fieldwork? The keys are frequent communication and […]
January 2, 2019 in Individual Tax Tips /by Pete Gaudette
Want to motivate employees? Get back to basics!	
December 31, 2018 in Employer /by Pete Gaudette
Motivation. It’s a relatively simple word, but encouraging it among your employees can be a challenge. Maybe that’s because, fundamentally, enthusiasm must come from within. It’s not something you can implant in someone externally. For this reason, employers sometimes need to get back to the basics of employee motivation to identify the right ways to […]
December 28, 2018 in Small Business Tax Tips /by Pete Gaudette
You may be able to save more for retirement in 2019!	
December 26, 2018 in Individual Tax Tips /by Pete Gaudette
Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are six last-minute tax moves business owners should consider: Postpone invoices. If your business uses the cash method of accounting, and it would benefit from deferring income to next year, wait until […]
December 10, 2018 in Business, Small Business /by Pete Gaudette
Investors, lenders and other stakeholders have been vocal in recent years about pushing companies to provide more information in their financial reports about cybersecurity. Could your company do a better job disclosing cyberrisks and recent hacks? Most public companies could do better, according to recent testimony during congressional hearings by Jay Clayton, Chairman of the […]
November 30, 2018 in Uncategorized /by Pete Gaudette