Accounting
The Importance of Regularly Updating Your Financial Plan
Review your financial plan quarterly at minimum, with a deeper annual overhaul, and update it immediately any time a major event changes your revenue, costs, or cash position: a lost contract, a new hire, a funding round, or a shift in the market. A financial plan built once and never revisited stops reflecting your business…
Read MoreThe Real Cost of Not Having a Business Financial Plan
Operating without a financial plan costs a business real money: unexpected cash shortages, missed growth opportunities, weaker odds of getting approved for funding, and decisions made on gut feeling instead of numbers. Gallup research found that 71% of business owners have no business plan at all, and those without one report revenue growth at roughly…
Read MoreExempt vs. Non-Exempt Employees: What Small Business Owners Need to Know in 2026
Exempt employees are paid a fixed salary of at least $684 a week and are excluded from overtime pay under the Fair Labor Standards Act. Non-exempt employees are entitled to overtime at 1.5 times their regular rate for any hours worked over 40 in a workweek, regardless of whether they’re paid hourly or salaried. Getting…
Read MoreHow to Choose Accounting Software for Your Business
The right accounting software fits how your business actually operates today, has room to scale as you grow, and doesn’t lock you into hidden fees or a system your team refuses to use. Whether you’re moving off spreadsheets or replacing a system you’ve outgrown, here’s the decision framework we walk clients through, covering the factors…
Read MoreNavigating Workers’ Compensation Audit
Navigating Workers’ Compensation Audit
Read MoreCash vs. Accrual Accounting: Which Is Right for Your Small Business?
When it comes to managing your finances, one of the most critical decisions you’ll make is choosing between cash and accrual accounting methods. Understanding the difference between cash and accrual accounting can make a huge impact on your bottom line. So, let’s dive in and break it down in simple terms. Cash Accounting: Keeping It…
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