I’m writing this blog post during the final days of my 2025 “after tax season vacation” at The Cliff Lodge at Snowbird, Utah. The featured image was from taken from the balconey of my room before another “dump” of spring skiing powder❄❄❄🎿⛷🏂. It’s very beautiful and relaxing here but I know I’ll be shoulder deep in tax extensions and planning once I return home… Snowbird from my Balcony As we… Read more
I hope this follow-up to last Friday’s blog, highlighting the “Do’s” and “Don’ts” will help you with navigating debt repayment helping your business grow and helping you get a good night sleep: While significant expenses like staff salaries, rent, and advertising are carefully budgeted, one critical “cost of doing business” that often flies under the radar is debt servicing—the monthly principal and interest payments on loans 💸. Managing debt can feel like… Read more
Navigating Debt Repayment for Financial Freedom For many small business owners, medical practitioners, and other professionals, launching a business or practice often begins with a well-crafted business plan 📋 and the assembly of a strong professional support team 🤝. Once a loan is secured 💰, a prime location chosen 📍, and key staff hired 👥, the real work begins. While significant expenses like staff salaries, rent, and advertising are carefully… Read more
I hope this follow-up to last Friday’s blog, highlighting the key benefits of utilizing Budgeting, Forecasting, & Goal Setting for Business Success, provides actionable insights to help your business thrive. Best practices include proper financial planning as the cornerstone of success for any business. Whether you’re a medical practice, a professional service provider, or a small business owner, aligning your budgets, forecasts, and goals can pave the way for sustainable… Read more
I hope this follow-up to last Friday’s blog, highlighting the key benefits of working with an accounting firm who supports your cloud-accounting software platform, proves valuable—especially for small business owners striving for financial clarity and control. Quite a mouthful, I know, but I firmly believe that implementing real-time accounting processes, accessible anytime and anywhere, is one of the most transformative steps your accounting firm can assist and support you with.… Read more
Weekly take away: In this day and age, business best practices almost REQUIRES switching to cloud accounting software. Utilizing real-time accounting data enables our clients to make well-informed decisions, rather than simply analyzing historical data. As a Certified Public Accountant and Certified Tax Planner, offering business advisory services for small business clients, medical offices and other professional practices we emphasize the importance of adopting cloud based, online accounting software as… Read more
I hope this follow-up to last Friday’s blog highlighting the necessity to create a contingency plan and testing it to confirm it will work when you need it may be one of the most important lessons you never have to use. We did back in October 2012 when Hurricane Sandy hit my home and office in Rockaway Beach Queens, and then again in March of 2020 when the pandemic hit… Read more
Weekly Takeaway: This old photo is an aerial of my block taken October 30th 2012 from a private plane owned by my sister’s friend. He had no idea this was my block; it was one of many taken after Hurricane Sandy hit. We had stayed put for Hurricane Irene which landed here in August 2011 with no serious damage. We were lucky with Irene. Soon after, I checked my systems… Read more
I love following up my Friday “wordie” blog with a visual version. This week I have created a check list to help follow best practices for working smarter not harder and following time tested best business practices for HOPEFULLY solving some of the problems or issues many small businesses are facing these days. Financial Best Practices for Small Business Do’s: Pay Yourself 🤑 Maintain a Separate Business Bank Account 💳… Read more
It’s still the beginning of the year and I feel this is still the best time to set your medical practice, law firm or business on the right track to have a successful AND less stressful 2025. Over the past few weeks I have discussed: creating or updating your business plan, listed out several important general best practices or business tips, averting a cash flow crisis, and utilizing input from… Read more
Our firm is working with a medical practice group, a consulting client; who is looking to understand their business performance, identify weaknesses and grow in the right direction. Based upon need and staff expertise, their practice seems to be doing really well. Their patient base is growing, their staff is experienced and their patients are happy working with them. On first glance their medical practice is thriving and as such,… Read more
Weekly Take Away: Last Thursday January 16th, I joined and hosted a panel presentations with fellow CPA’s for our professional group – one of the topics we discussed was cash flow. Yes, even tax and accounting professionals struggle with cash flow, billing and collections from time to time, or at least work to create processes and sytems to avoid those struggles. We accounting professionals look to help reduce the administrative… Read more