Creating a foundation for small business growth
Growth is probably one of your goals this year for your small business – and if it isn’t, it should be. That said, not all growth is created equal....
S-corp, Partnership, or C-corp: Which is right for your small business growth?
According to the Bureau of Economic Analysis, S corporations account for 76.8% of corporations with less than 500 employees and 37.3% of corporations...
How to Grow Your Small Business Through Mergers and Acquisitions
As part of our continuing series on how to grow your small business the right way, today we look at mergers and acquisitions. Acquisitions can be a...
Why a CPA should be the first hire at your startup
It may not be where your hiring strategy goes first, but it should be. 90% of start ups fail. Often that’s because owners see it as their duty to do...
Managing your business growth organically
Growth should be a goal of any business. That said, not all growth is created equal. If not done correctly, it can be downright dangerous. One study...
Supply chain issues aren't always bad for auto repair shops
Why auto repair shops often benefit from uncertainty in the supply chain — and how to make sure your shop is one of them. Supply chain issues have...
What a recession might mean for your restaurant
A recession is bad for all businesses but can be especially rough on restaurants. Margins are already tight, and staffing issues can often compound...
How to read your financial statements as a small business owner
It’s easy to want to skip to the "bottom line" of your financial statements, but like any great story, you’ll need context for the ending to make...
How to Recession-Proof Your Business
We’ve got an overheated economy and a bear market. IF we reach a recession this year, is your business ready? No one wants a recession, especially...
How to Organize Your Auto Repair Shop Income Statement
Out of all of the important components of accounting that your auto repair shop needs to thrive in today's market, an income statement is among the...
Improve Your Tire Store Profit Margin With These Simple Steps
If you're not sure why your tire store profit margin matters, let us break it down for you: What is it? In the simplest terms, your profit margin...
Cook County Minimum Wage is on the Rise July 1
Effective July 1, 2022, the minimum wage in Cook County will increase for tipped employees and non-tipped employees that work for any employer...