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Identifying Red Flags in Your Financial Statements: 7 Things to Look For

Identifying Red Flags in Your Financial Statements: 7 Things to Look For

by Timothy L. Sernett, CPA | Sep 13, 2022 | General

Are you feeling uncertain about your business’s financial statements? Commonly, small to mid-sized businesses are often not financially able to hire a high-level, full-time CFO or controller for their company – let alone a financial and accounting team. In...
5 Simple Tips for Creating an Effective Business Budget

5 Simple Tips for Creating an Effective Business Budget

by Timothy L. Sernett, CPA | Sep 1, 2022 | General

Are you ready to grow your business? As you navigate the potential for the future, creating a business budget that aligns with your plan can be a complex job. In fact, when you’re needing support, it’s hard to know who you can trust. This is just one of the issues...
How Can You Calculate Your Business’s Profitability

How Can You Calculate Your Business’s Profitability

by Timothy L. Sernett, CPA | Aug 9, 2022 | General

Analyzing your business’s success is crucial when trying to survive and learn how to grow sustainably. You may know that looking at your financial reports is essential for analyzing your company’s growth, but you may not know exactly what to look at. Although...
How to Stay Afloat When Your Business Is Losing Money

How to Stay Afloat When Your Business Is Losing Money

by Timothy L. Sernett, CPA | Aug 1, 2022 | General

Over the last few years, businesses have seen many ups and downs in their profitability and company success. And while there were ways to help businesses stay afloat, your small business may still be struggling, or you haven’t found a way to hit the ground running....
The Business Owner Guide to Overhead Costs: What Counts as Operating Expenses?

The Business Owner Guide to Overhead Costs: What Counts as Operating Expenses?

by Timothy L. Sernett, CPA | Jul 26, 2022 | General

Being a business owner involves several moving pieces that can be hard to keep track of. And as a small business owner, you may have difficulty running your business and continuing bookkeeping services. And knowing your overhead costs is a part of running your...
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