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How up-to-date job descriptions can help every organization
Within each organization is a narrative of people fulfilling roles and accomplishing tasks. Where can you read this narrative? Why, in your job descriptions, of course. Make sure yours are current.
Home vs. away: The company retreat conundrum
When planning a company retreat, you may wield home field advantage by holding the event at your offices. But taking your team on the road could score you some stronger strategic ideas.
Building a sales prospect pipeline for your business
Every business wants to fuel its success with a high-octane sales process. To make that happen, you need an effective pipeline to get the right prospects to your sales team.
7 ways to prepare your business for sale
Putting a “for sale” sign out in front of your company is a major undertaking. So, if your succession plan involves selling the business, be sure you’re ready for the many details involved.
Feeling lucky? How to find a pot of gold in your financials
The cash gap can be a useful management tool for finding hidden treasure in your company’s balance sheet. Learn ways to put this potential pot of gold to work for you.
How to classify shareholder advances
Shareholder advances are one of the gray areas in financial reporting. Here’s some guidance on whether payments from shareholders should be classified as debt or equity on the balance sheet.
What is job cost reporting?
To boost financial efficiency and profits on custom projects, consider implementing job cost reporting. Try these best practices to take your performance to the next level.
Defer tax with a Section 1031 exchange, but new limits apply this year
There had been some concern that tax reform would include the elimination of tax-deferred like-kind exchanges. The good news is that the TCJA still generally allows them for real estate. But there are limits you need to be aware of.
Fixed vs. variable costs: How to compute breakeven
What’s your breakeven point? This metric can be useful when budgeting, investing in new equipment, launching a new product or analyzing the effects of a cost reduction plan. It’s easy to calculate using information from the income statement.
Tax Cuts and Jobs Act expands appeal of 529 plans in estate planning
529 plans can now help grandparents achieve more estate planning goals than just funding their grandchildren’s college expenses.
Putting a number on employee turnover
Many employers struggle with the constant departure of skilled workers. One way to diagnose turnover severity is to put a number on it.
Payroll matters: 2018 withholding tables are a-changin’
Last year’s new tax law brought many changes. One that employers shouldn’t overlook is how it affects payroll management: specifically, the impact of revised IRS withholding tables.