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Explore practical advice, financial strategies, and industry insights to help your business grow smarter, operate stronger, and prepare for what’s next.
- 2026
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What Is GAAP?
Generally accepted accounting principles (GAAP) form a combination of standards set by the Financial Accounting Standards Board that govern, among other things, the recording and reporting of information.
What Is Imputed Income?
Imputed income is defined as the cash value of a benefit that is not part of your employees’ salaries. Even though the benefit — like a gym membership — isn’t received in cash, it’s still taxable based on its cash value.
The Importance of Middle Managers
In today’s volatile work environment, many companies are starting to lay off employees, including — or maybe even especially — middle managers, because company leaders mistakenly believe managers are expendable.
Pro Tip
Effective and efficient operational workflows are integral to reaching peak financial performance in SMEs. The absence of these will result in negative consequences like a lack of accountability in the team, confusion over which vital processes are to be performed by each individual, a slower cash conversion cycle, customer satisfaction below the desired rating and lower margins, amongst others.
Alternative Business Structures That Might Be Right for Your Comp
Since the start of the COVID-19 pandemic, many aspects of business have changed, including (in some sectors) the increasing availability of private equity, the burgeoning use of AI, the ongoing difficulties in finding talented personnel and the shifting of generational goals and ideals. There are many ways that businesses can respond. One way is to change to an alternative business structure.
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