Bills, bills, bills! From utilities and payroll to taxes and supplies, there’s always a bill that needs to be paid when you own a small business. When cash is short, it pays to understand the differences between profits and cash flow.
A-Z Blog
3 big inventory issues for construction companies
Construction businesses can save time and avoid hassle by maintaining an inventory of critical materials and supplies. But managing that inventory for tax purposes can be challenging.
Why some small businesses are switching to tax-basis reporting
Are you fed up with all the recent accounting rule changes? For many private companies, the new lease standard that went into effect in 2022 was the last straw. Here’s an alternative reporting framework to consider.
Turning receivables into cash
Collecting cash from customers takes time and patience. To bridge the cash gap, consider these creative strategies to monetize outstanding receivables.
Virtual currency lands in the IRS’s crosshairs
If you do business with virtual currency, it’s time to bone up on related tax requirements. The IRS is paying closer attention.
Should your construction business invest in custom software?
Construction business owners: Is off-the-shelf software not meeting your needs? It could be time to create a custom solution, but you’ll need to first consider various factors.
What’s in the Fiscal Responsibility Act?
With a financial crisis averted, let’s take a look at the highlights of the Fiscal Responsibility Act.
5 tips for avoiding profit fade
Experienced contractors know the pain of seeing a potentially lucrative job incur costly losses. Here’s how to fight back against profit fade.
FASB votes to exempt private companies from disaggregation of income statement project
As costs rise, investors and lenders are eyeing profits closely. Here’s the latest development on the FASB’s project to up the ante on expense disclosures.
Overview of discontinued operations reporting
In today’s uncertain markets, your business may decide to discontinue unprofitable product lines or business units. Are you up to speed on the accounting rules for reporting discontinued operations?
