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- 2026
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Top Benefits of Hiring Outsourced Accounting Services
Do you outsource HR and IT but feel squeamish about letting someone else get too close to your numbers? You probably have a fluctuating need for a bookkeeper, an accountant, a controller and a chief financial officer. You could hire all these people, but outsourcing can provide these services when you need them at significant cost savings.
Construction: How to Manage Your Cash Flow
Most owners focus on operational activities, not seeing how decisions like financing purchases and selling assets make a difference. Projecting future cash flow isn’t easy, but it’s even more complicated in construction because no project is the same and change orders can drive you crazy.
Scenario Planning as Part of the Strategic Planning Process
The COVID-19 pandemic disrupted businesses in several major ways — some good, some not so good. One positive change is the acceptance of scenario planning as a way to build resilience and preparedness into a business’s strategic plan.
Tax Planning: A Year-Round Task
Tax planning is a 12-month activity. It’s not something you try to fix fast as Dec. 31 approaches or a task to panic about right before April 15. Below are some items you can address throughout the year, in conjunction with your tax adviser.
How to Manage Cash Flow
When cash flow stays positive, your business can survive turbulent times. Use your history and sound financial data to project future cash flows. Cash flow is the lifeblood of your business and critical to its growth. Monitoring it prevents serious business disruptions. You must calculate accurate cash flow projections to address day-to-day activities.
Focus on Forecasting: Keeping Your Business on Track
Budget forecasting is an essential part of good financial management, yet many companies rely on their once-a-year projections throughout the year. Although that strategy may have worked in the past, it’s no longer effective. Things are moving too fast: Technology, government regulations and artificial intelligence are only some of the disruptors businesses are subject to on a regular basis.
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