Business Owners: Stop doing accounting now!

If bookkeeping is so boring, why are so many business owners doing it? I’ve studied accounting – a lot.  I studied it in business school (go Hoosiers!), I studied for the CPA exam, and have taken 100+ hours of continuing ed every year for the past 15+ years.  That’s a lot. Every step along the […]

What Makes a Business Effective? Part 1: Your Team

How much difference would it make if you truly had the right people on your team? Let’s start by defining what make a business effective.  Most business owners tell me their top priority is to make their business more profitable and less dependent on them.  Obviously, a business that depends too much on one or […]

What’s the Formula for Small Business Success?

What does it take to build a successful small business?  Maybe less than you expect. As a CPA, I’ve been working with small business owners for a long time.  My staff and I are privy to the financial results of nearly 200 businesses every year – some are very, very successful, and some are not. One of the […]

Payroll tax cut temporarily extended

Below is a quick update on the recent payroll tax legislation.  If you’re and Indiana business and need help with payroll or payroll taxes, please feel free to call my office. – Tyler Payroll tax cut temporarily extended. The Temporary Payroll Tax Cut Continuation Act of 2011 was enacted late last year. It extends the two […]

Setting Goals for Your Business

For me, the first day of the new year always marks the beginning of busy season.  January is ‘go time’.  My staff and I love it because there’s lots of work to do, we get to reconnect with our long-time clients, and meet some new ones. For the first ten years of my career, I […]

Looking in the mirror on the last day of 2011

Tomorrow, I’ll make a final pass at my business goals for 2012. I remember from business school that my goals  must be S.M.A.R.T. – specific, measurable, attainable, realistic, and timely. Today, I’m thinking about what happened in 2011. My team and I accomplished a lot. Considering the sketchy state of the economy at the end of […]

Does your Small Business Need a Mission Statement?

I’ve seen hundreds of successful Indiana businesses that have made loads of money without so much as a rough draft of a mission statement. Don’t get me wrong.  I’m not against mission statements.  They have their place – especially for larger organizations where communicating with multiple levels of staff, or multiple locations, can be a […]

Is your small business too small to hire an accountant?

Have you hired yourself as the accountant for your business? This week, I overheard part of a conversation between a small business owner and one of my staff in the hallway as they wrapped up their meeting. The business owner, Steve, owns a small business in Indianapolis.  Steve recently contacted us about preparing his business […]

Join the club…how peer groups can grow your business

Since 2005, I have been fortunate to be involved with two excellent peer groups.  Both groups are made up of CPAs and accounting firms across the country who do what I do – provide accounting, payroll, and tax services to small businesses.  One group is focused on how to operate the business better and the other is […]