Recent Posts
Enhancing Audit Quality: A New Era of Accountability and Precision
The Public Company Accounting Oversight Board (PCAOB) has recently introduced significant changes aimed at improving the quality of audits performed by audit firms (Maurer, 2024). The new rules, approved on May 13, 2024, mark a crucial step in updating decades-old...
Best Practices for SMB Boards
Effective board governance is essential for corporate integrity. Public companies prioritize independent board leadership, strategic oversight, and risk management. SMBs can benefit from similar governance by forming advisory or formal boards to enhance decision quality, shareholder relationships, and overall growth.
Wanted: Top Lieutenant
It’s often said that it is lonely at the top of an organization. In a small business, it is not just lonely but overwhelming. The owner/entrepreneur, whether alone or with a partner or two, often wears so many hats that several important areas of focus must go...
Unraveling the Complexity of U.S. Tax Code
Tax season in the United States often feels like navigating a labyrinth of rules and regulations, with filers grappling with questions so convoluted that it can take pages to determine something as basic as who qualifies as a dependent. The frustration is palpable,...
Navigating Merchant Credit Fees & Settlements
As Merchant Credit Card Fees increase and become more complex, business owners seek ways to minimize costs and ensure they are not overpaying. In navigating this landscape, it's crucial to stay informed about developments such as rebate programs and class action...
Multifaceted Solution for Growing Businesses
Unveiling the Flexibility of a Fractional CFO: A Multifaceted Solution for Growing Businesses The Dynamic Landscape of Modern Business In the dynamic landscape of modern business, adaptability and expertise are crucial elements for sustainable growth. Amidst this...
Keys to a Successful Acquisition
Growing a company’s revenue can come from organic or inorganic growth. Organic sales growth refers to the increase in a company’s revenue achieved through existing operations and product lines, excluding any revenue generated from acquisitions or mergers. It reflects...
The Carburetor for your Business
I know that analogies work better when they are not based on things that became obsolete in the 1980s but I have an excuse. I am the son of a machinist who worked for Holley Carburetor for 19 years. And as a youth, I worked in gas stations in Detroit where I watched...
Between the Goal Posts: Navigating the Dynamic Role of a CFO
Introduction: Dispelling Misconceptions In the world of accounting and finance, there’s a common misconception that everything must align to the penny, that precision reigns supreme, and that all accountants share a singular personality type akin to our meticulous...
Elevating Financial Success: The Crucial Role of a Fractional CFO in Team Assessment – Part 1
Introduction: The role of a fractional CFO extends far beyond managing financial strategies; it involves a critical evaluation of the existing Accounting, Finance, and Treasury teams within a company. Upon commencing a client engagement, an important mission of a...