By Jason Loven, CPA Managing cash flow can be one of the toughest aspects of owning a small business. Having a business budget can help—not because it’s about cutting spending, but because it gives you a way to track revenue and expenditures. Even if your finances are in good order, a budget can help you […]
5 Signs It’s Time to Break Up With Your Bank
By Kyla Hansen, CPA Your bank should be an asset, never a hindrance. If yours is holding you back, don’t feel trapped—consider shopping around. Here are five signs it could be time to say goodbye. Your loan covenants are too restrictive. When a business fails its covenant, nine out of 10 times the bank will […]
How to Build a Rock-Star Internal Accounting Team
By Andy Knutson, CPA As a business owner, you depend heavily on your internal accounting staff. These are the people, after all, who keep you up to speed on the financial side of your operations—i.e., the information you need to make critical business decisions. When this team isn’t on top of its game, you feel […]
3 Ways Budgeting Can Improve Your Construction Business
By Jason J. Loven, CPA, CCIFP® | In the midst of permitting deadlines and site visits, budgeting is probably one of the last things on your mind. But operating without an annual budget is like embarking on an unfamiliar road trip and leaving your GPS at home. Without directions and a way to pinpoint your progress, […]