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Bad Debts Cause More Trouble Than You Think

Published on June 27th, 2023

How to effectively use your bad debt allowance When your business extends credit to customers who don’t settle accounts, their debt becomes bad debt. For businesses using the accrual basis method of accounting, establishing the correct bad debt allowance (also called an allowance for doubtful accounts) can bring the asset section of the balance sheet […]

Tax Planning Ideas for Your Business

Published on June 26th, 2023

Summer is a great time to start looking at ways to cut your business’s 2023 tax bill. Consider these ideas: Review employee benefits. Benefit programs are often one of the largest expenses in small business. An annual review of health, dental, vision and retirement benefits can not only reduce expenses, but can also be a source […]

Something Old is New Again – Tax Beneficial Savings Alternatives

Published on June 23rd, 2023

With the recent interest rate increases made by the Federal Reserve, it is time once again to actively manage your savings to ensure you are getting the most for your money. Here are some tips to consider. Maximize the kiddie tax opportunity. Remember, the first $1,150 of your child’s unearned income such as interest and […]

Prioritizing Inventory Management Can Help Your Business

Published on June 22nd, 2023

Mastering inventory levels is a key to many successful and growing businesses. Here are reasons why prioritizing your inventory management is something to consider for your business: Less shrink. Shrinkage represents cash that goes to waste because inventory is damaged, stolen, or past the sell date. Shrink represents an opportunity to improve the inventory control process. […]

Get More Money for School by Understanding These Scholarship Myths

Published on June 21st, 2023

There’s plenty of money available for you to pursue a post-secondary education for either you or your child! Here are several myths that could be getting in the way of securing money to pay for school. Common misconceptions Scholarships are only for top scholars and athletes. Many news stories are about high-profile students who snag a […]

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