Advisory

How To Get Your Team To Care About Your Business

By |2020-10-19T10:56:19-05:00October 13th, 2020|Advisory, Employment, Goals, KPIs, Morale, Performance Measurement|

One of the most common questions we hear from business owners is “How do I get my employees to care about my business as much as I do?” The employees don’t have the same financial and emotional capital invested, so they’ll probably never care as much, but you understand the essence of the question. Our [...]

2020 Tax Planning Strategies For Your Business

By |2020-10-19T10:50:13-05:00September 1st, 2020|Advisory, COVID-19, Deductions, Gifts, Tax Planning|

We can all agree that 2020 has not gone as expected - a global pandemic, unrest around the world, and an upcoming election that could change the political landscape are just a few of the challenges we have faced. However, despite all the turmoil, the IRS is still in place and taxes are still being [...]

Succession Planning: What Got You Here Won’t Get You There; Or Will It?

By |2020-10-19T10:57:30-05:00July 21st, 2020|Advisory, Change, Goals, Preparation, Succession Planning|

You’ve built a successful business, and now you’re ready to move on. However, thinking about how to get out of the business you spent your life getting into can be uncomfortable. There’s a lot to consider, strategically and emotionally. Successful transitions don’t just happen, and unsuccessful transitions can undermine everything you’ve worked for. Only 30% [...]

Top Five Ways to Survive and Thrive Financially During Economic Uncertainty

By |2020-09-21T14:34:37-05:00June 23rd, 2020|Advisory, Cash Flow, COVID-19, Economy, Goals, Hello Iowa, Performance Measurement, Preparation|

Undoubtedly, there’s a lot of uncertainty and change happening around us. This volatility can make us feel like we should hold tight and be reactive to what happens. But times of crisis and economic uncertainty can create opportunities for us to accelerate changes that we needed or wanted to happen anyway. Here are the Top [...]

3 Key Financial Ratios That Every Nonprofit Should Track

By |2020-07-14T15:39:48-05:00June 9th, 2020|Advisory, Assurance, Budget, Nonprofit, Saving|

Let’s face it, every month you review the same financial statements, which are most commonly: the statement of financial position, the statement of activities, and possibly the cash flow statement. Do you take the next step and dig deeper into these financial statements by calculating the key financial ratios that are important to your organization? [...]

How to Improve Your Future Financial Results

By |2020-10-01T17:57:19-05:00May 26th, 2020|Advisory, Cash Flow, Goals, KPIs, Records, Value|

Your basic financial statements report what has happened in the past – these are lagging indicators. Those numbers are certainly important, but they only tell you what has already happened. If you don’t like the results, there’s nothing you can do to change them. However, to impact future results, you must also identify Key Performance [...]

Working Together: Generational Diversity in the Workplace

By |2020-07-14T15:28:31-05:00April 14th, 2020|Advisory, Employment|

Diversity has become something to be celebrated and is a necessity for success in today’s working world. What is the first thing that comes to mind when you think of diversity? Culture? Gender? What about age? Many workplaces now have upwards of four different generations working together. As we start a new decade, use this [...]

Your Accountant Left – Where to Go from Here?

By |2020-04-01T16:06:13-05:00March 24th, 2020|Advisory, Assurance, Budget, Change, Internal Control, Nonprofit|

  In the current economic and social climate, turnover is inevitable. Talented people land different jobs, move away, or retire. When turnover happens in your accounting department, most organizations experience some uncertainty and concern over the accounting function. You may wonder “how will we produce our financial reports next month?” or “how can we do [...]

Evaluating Deal Structures For a Business Transition

By |2020-03-31T14:18:48-05:00March 3rd, 2020|Advisory, Business Valuation, Change, Gifts, Preparation, Succession Planning, Tax Planning|

  The time has come to begin transitioning out of the business you’ve spent your life building, but where do you begin? Whether you are selling to family, current employees, or an outside party, there are several deal structures to evaluate. We’ll discuss things to consider with various structures but always encourage you to establish [...]

Refine Your Chart of Accounts

By |2020-10-01T17:56:18-05:00February 4th, 2020|Accounting, Advisory, Tax Planning|

  Your financial reports should provide the relevant information you need to make financial decisions. An analysis of your company’s Chart of Accounts should be done to compare these accounts with the data utilized in the report, so you have quick access to the information you need. All accounting systems ultimately gather costs or revenues [...]

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