Financial Management Coach

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...
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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...
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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,...
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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...
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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;...
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