A buy–sell agreement can be critical to a business owner intending to sell the business interest or needing to accommodate other changes within the organization. Typically, it can help ease a transition in leadership to the younger generation.
Posted in Business Advisory
Don’t be fooled into thinking that cash flow and profit are the same thing. In fact, there are major differences. Cash flow is dynamic and moves daily, while profit is a snapshot of income and expenses at a specific point in time. Understanding this comparison, and acting upon it, can be significant for a small-business operation.
Posted in Business Advisory
Posted in Business Advisory
Flexible spending accounts (FSAs) can be a low-cost addition to your company’s benefits package. You can provide FSAs for your employees to cover health care expenses, dependent care expenses—or both—within certain tax law limits.
Posted in Business Advisory
As business advisors to our clients, we take a comprehensive approach to assessing and serving your needs. Through the core accounting and financial services we provide, we are uniquely positioned to identify additional opportunities to improve the overall operational effectiveness of your organization.
Posted in Business Advisory
We are excited to be Returning Value to the Montgomery area through our recent merger with Wolf & Taunton, P.C. Click here to read the full press release and learn more.
This merger will not only benefit our clients but our firm as well. Having more professionals with experience in a wide range of industries and greater technical knowledge in specialty areas, we now have more resources readily available to better serve you.
Clients will have access to more comprehensive services, industry expertise, business advisory services, and domestic and international coverage. Click here to learn more about Machen McChesney, service offerings and industry specialization.
Posted in Business Advisory
Smart business owners know their products, services, markets and customers inside and out. Yet that doesn’t necessarily mean they’re experts in business finance, taxes and IRS regulations. While these disciplines grow increasingly complex every year, business owners must make intelligent decisions about each one in order to keep their businesses viable.
Posted in Business Advisory
How to achieve financial successNo one can predict with any great certainty the financial outlook for 2016, especially with the national elections looming in November. Nevertheless, here are 10 top money management moves that make sense for the rest of this year.
Posted in Business Advisory
Every business owner should address how the Affordable Care Act (ACA) will impact their business. There are reporting requirements in effect for the 2015 calendar year as well as potential employer health insurance coverage offering requirements, both having substantial fines for noncompliance. To be prepared you need to know the following:
Posted in Business Advisory
A well-managed restaurant doesn’t always guarantee a sound business strategy, but approaching restaurant management with a focus on facts, figures and the future can help in achieving long-term success. When it comes to running your business, financial modeling and long-term planning often get lost in the shuffle of day-to-day troubleshooting and management responsibilities. But for those looking to improve their financial practices and better communicate the restaurant’s potential success and value to lenders and investors, understanding the numbers and using them to effectively plan for long-term sustainability should be a top priority.Posted in Business Advisory
