I recently heard a report on the U.S. economy which stated that although the Gross Domestic Product (GDP) made some gains, there was little increase in the total number of non-governmental jobs. The reason given was that due to the recession, many employers have learned how to get more production form current staffing without adding […]
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Controlling Labor Costs
For most businesses, labor is the biggest cost in the income statement. Fortunately, it is also one of the most controllable costs. But unfortunately, it’s a cost that most businesses have a hard time controlling. What makes labor so hard to control? There can be many factors, but several are common to most businesses: 1) […]
Do you need a CFO?
Is your business big enough to require the a CFO? As businesses grow, they transition through a period where they need the CFO function performed, but there is not enough work to justify a full-time CFO. Many businesses try to make the leap all at once, going from no CFO to a full-time CFO. This […]
More IRS Audits: Protect Your Receipts
The IRS and state taxing authorities are auditing more than ever these days, and for good reason: huge budget deficits and a taxpaying population that has become more agressive in misreporting their income. Since the pickings are so easy, expect many more audits in the coming years. What is the best way to protect yourself? […]