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Your relationship with your Accountant

Some interesting questions raised in this New York Times blog post.  I responded with a quick comment on the blog but a more thorough discussion is contained in my CPA vs. CMA blog post....

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Examining your F.I.R.S.T. Diamond

After completing the financial information assessment of your small business using the F.I.R.S.T. Diamond©, it is important to look at ways to improve your information collection.  This post is...

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Financial Statements – Your first and best source of information

We have taken some time in the first few posts to discuss why financial information is important, some of the attributes you want your financial information to have, and how to assess/improve the...

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Buzzwords – Benchmarking – You have already started!

Benchmarking.  Another one of those buzzwords.  If I used benchmarking, would it help my business be more profitable?  What you should be asking is “if I did benchmarking more often and more...

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Feedback-using financial information to monitor prior decisions

As stated earlier, the main motivation for financial information is to make the best decision possible with the best information possible.  Financial information that is timely and accurate is crucial...

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Opposition strong on new ’12 1099 reporting

http://ohioscpa.com/PublicArticle.aspx?ID=1903

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Management Accounting through the Stages of your Business

From “what should I sell?” to your exit strategy. Questions and decisions you may face as your small business moves through its life cycle and the management accounting techniques to help with those...

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Where is the CASH?

Year end is a common time for all businesses to assess their profit for the previous year. Unfortunately, for some businesses, this is the only time they analyze their financial results.   A business’...

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Sorry for the Absence

Hi All, Let me apologize for the very long absence.  I think it is time to get back to it.  My goal is to get a new post out in the next few weeks. I would like to invite anyone (and everyone) to...

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Consider Owner Labor and Growth in Pricing Descions

I had a client call me earlier in the week with product pricing questions for a potential wholesale agreement.  Owner labor and future growth can be important considerations in this type of analysis...

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