News & Articles

Is it Time to Rebid Your Vendor Contracts?

Posted on Mon, Aug 27, 2018

While it's great to have a good rapport with your vendors, it's important to ensure the relationship remains businesslike. Vendors who know there is a threat that they could lose your contract are more likely to focus on staying competitive.

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Tags: Business, Small Business, Business Finance, Business Owner

Let's Take a Closer Look at New Business Tax Reforms

Posted on Mon, Jan 15, 2018

The Tax Cuts and Jobs Act (TCJA) provides businesses with more than just lower income tax rates and other provisions you may have heard about. Here's an overview of some lesser-known, business-friendly changes under the new law, along with a few changes that could affect some businesses adversely.

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Tags: Assets, Business Finance, intangibles, Tax Cuts and Jobs Act (TCJA)

Revenue Recognition for Contracts: Changes Coming Soon

Posted on Thu, Aug 10, 2017

Revenue is the top line of your company's income statement. So it tends to receive a lot of attention from investors, lenders and other stakeholders. Why? Changes in revenue can tell whether your company is growing or declining. Moreover, changes in the composition of revenue can provide insight into your strategic plans.

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Tags: Business, IRS, Business Finance, Cash Flow Statement

Business Finance: The Art of Bill Collecting

Posted on Sat, May 31, 2014

Like it or not, some customers always lag in their payments. It hurts your company's cash flow and causes frustration for both your accounts receivable personnel and the customers.

But you can get your receivables in better shape and to keep them there if you get your staff on this regular exercise routine:

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Tags: Accounting, EHTC Article, Customer Relationships, Bill Collecting, Articles, Business Finance, Accounts Receivable, Payment Agreement