Blog
The 411 on BOI
Another week, another time to talk about the miscellaneous reporting required of business owners. (Don’t worry; we’ll lay off 1099s…for now.) Today we’re discussing a more impending need: BOI…
It’s time to have the talk (about 1099s).
The blissfully uninitiated may ask, "What are 1099s?" 1099s are, essentially, a service vendor's version of the W-2s you'd file for an employee. The IRS mandates that you do them a favor by helping…
Can Your Business Run Without You? (Beta Test)
Perhaps the most cliched goal in the small business world is to structure your business so that it can run without you. It’s something many entrepreneurs run toward, but that few achieve. And, if it…
Fixing the Shortage (by Explaining What We Do)
A few weeks ago, we wrote on where all the accountants have gone (largely, to better-paying jobs with better work-life balance and lower education requirements). I posited the idea that we might be…
Where Have All the Accountants Gone?
In a season one episode of the HBO show “Our Flag Means Death”, Blackbeard attends a formal party in disguise as an accountant named Jeff. It’s played for laughs, to show that he is so out-of-touch…
Accounting in Space
With the recent (as of this writing) “rapid, unscheduled disassembly” of SpaceX’s Starship, private space travel is back in the news. Though it seems like a unique industry, more the hobby of…
Caught Any Interesting Banking News Lately?
Though banking news typically sparks little interest in the general public, it was hard to avoid finding out about the collapse of Silicon Valley Bank last week. On Friday, March 10th, 2023, it…
Is It Time For a New Inventory System?
December is the time of year when everyone starts thinking about changes for the upcoming new year. For companies, that often means analyzing their current systems and thinking of what they want to…
We’re Not Business Coaches
I’ve written before about the role of a CFO versus an accounting manager, but have found that there is still a good bit of confusion surrounding what an outsourced CFO/accounting consultant does. The…
The Four Pillars of a Financial System
Every business has, whether by intention or default, a financial system. In a “default” financial system, the movement of money just…happens. Bills might be tracked on a notepad, customer invoices…