The straight line

Category Archives: Small Business Planning

The Benefits of Leasing

If your company wants to improve cash flow, you might consider leasing equipment, vehicles and facilities, rather than buying. The primary advantage of leasing used to be the tax advantages. But the fact that leasing allows you to conserve cash makes it a form of financing. It’s not an alternative that works for every company so you...

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HR with Tightened Purse Strings Can Still Meet Challenges

Human resources (HR) departments face some complicated and unique challenges during difficult economic times. For example, a business facing financial cutbacks may decide to cut the benefits budget in HR, and then require the department to motivate employees who are feeling the results of those budget reductions. Such a challenge may seem impossible to meet, but...

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Use Business Intelligence to Make Profitable Decisions

As the saying goes, “knowledge is power.” To derive valuable knowledge from your company’s operating data requires the development of an effective business intelligence (BI) program. Simply put, BI is a technology-driven process for analyzing data and presenting actionable information to help corporate executives, managers and others make more informed decisions. For example, if you’re clear...

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Big Accounting Rule Changes Coming Soon

As you scramble to get up-to-date on changes to the federal tax rules under the Tax Cuts and Jobs Act, there also will be major changes to U.S. Generally Accepted Accounting Principles (GAAP). Here’s an overview of the major accounting rules that will change over the next few years. These changes are likely to require updates...

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Make Sure Your Employees Make the Connection

It’s important for employees to make the connection between their duties and your company’s big financial picture. Here are a couple of ways to help ensure that your staff members make that critical connection: Ask each employee to write his or her own job description to explain how that employee makes money for the firm. Supervisors...

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