Greg McDonough

Infrastructure bill nixes employee retention credit for Q4

Employers who held back funds for wages paid in Oct/Nov will have to pay it back This Monday, President Biden will sign the infrastructure bill into law with some hoopla – a bipartisan ceremony celebrating the truce, as votes for the bill came from both sides of the aisle. The $1 trillion Infrastructure Investment and...
Read More

Employee tax credit gives businesses a helping hand

For many entrepreneurs, surviving the COVID-19 pandemic will be the biggest test they will face in their companies’ lifetimes. But they don’t have to endure it without help. The federal government has put resources in place to assist businesses struggling to keep their doors open. The Employee Retention Tax Credit (ERTC) is an incentive that...
Read More

Make time now to get organized for next year – financial management best practice

After living through 2020, we all should have a new appreciation for managing risk. Our recent experience with the COVID-19 pandemic is a clear illustration that there are unidentified risks in the market. The National Restaurant Association released the results of a survey this week revealing that 17% of restaurants nationwide, more than 110,000 establishments,...
Read More

Interior Designers, Are You Evaluating Your 2020 Financial Performance Accurately?

You might have to read your business financials differently at year-end this year. Many of my clients experienced a ‘gap’ in work and revenue during the pandemic’s initial months. Firms in the interior design industry had to delay scheduled installations, which affected project deadlines and revenue recognition. Many interior design firms are also experiencing delays...
Read More

Your Financial Management Monthly Calendar

Managing any company’s financial goals is a continuous process but a lot of times a company ends up just focusing on the day-to-day running of the business.  The old expression is “working on the business and not in the business”  Finding time in busy schedules for reviewing a business’s financial position is not always easy;...
Read More

Financial Clarity is the secret to your success

The world in great mayhem due to COVID-19 pandemic it is a fair assumption that most businesses will struggle; some will fail. The differentiating factor between surviving or thriving will be the financial clarity that the business has. Businesses are scrambling from declining sales and stalled supply chains while trying to ensure that their employees...
Read More

Del Monte Foods : Marketing through a crisis

The world is in great mayhem at the moment because of COVID-19 resulting in international borders being shut, share markets plummeting, and the entire country in lock-down. This has inevitably resulted in less income and less profit for brands across the board – be it the travel and tourism, oil and petroleum, food and beverage,...
Read More

Amazon : Emerging a winner through recession

The ongoing Coronavirus pandemic will no doubt leave a lasting impact on the business sector. It is a fair assumption that most businesses will struggle; some will fail. An important lesson from the Great Recession of 2007-2009 is the difference between the companies that failed and the ones that survived are – the levels of...
Read More

Lessons learned from Recession Survivors

With COVID-19 cases increasing rapidly worldwide, businesses are scrambling to deal with a wide array of problems, from declining sales and stalled supply chains to ensure that their employees are healthy and can continue working. It is a fair assumption that this pandemic is going to change the way the world is going to conduct...
Read More
1 2 3