Crazy to think there are only two more weeks until Christmas and only three more weeks left of 2023. There’s a lot of joy still to be had and opportunities for your Metro Detroit business to increase revenue

On the other side of that coin, though, rising costs and the Fed’s interest rate hikes have made it extremely difficult for some businesses to stay afloat.

Inflation alone has negatively affected the cash flow of...

In many ways, year-end couldn’t come at a worse time. As if December holiday crazymaking wasn’t enough, as a business owner you’re also responsible for compiling an entire year’s worth of reporting data into comprehensible form for your accountant, with enough time to spare to make proactive decisions that will improve long-term profitability.

No pressure.

A proactive bookkeeping system can help lessen the load this time of year...

By the time you actually get to reading this, there is a very good chance that you’re reading a voice from the past. I make it a practice to prepare my Metro Detroit clients and friends a few days in advance, and RIGHT NOW, it is still 2023.

But 2024 is beckoning and is probably already here for YOU.

The thing to celebrate is that your Wayne County business made it through another year. Pop the champagne for THAT. It’s no small...

Making New Year’s resolutions seems like a waste of time. Sure, we might start with the best of intentions, but by February most of us have quit the gym, returned to normal eating habits, and left books unread on our bedside tables.

But something I do believe in making at the start of the year are goals — both personally and professionally, short- and long-term. I keep in mind my limits and then set the goal to push past those limits....

Now that we’re a week into the new year, all of last year’s broken things in your Metro Detroit biz have likely smacked you in the face a few times. Sadly, they didn’t magically get fixed while you were cleaning up wrapping paper and sneaking another sugar cookie.

But it’s a new year, so why not make plans now to fix a few of those pain points? I’ve seen some pretty good — and really bad — new year’s resolutions from business owners...

“Save more” is a new year goal a lot of people put on their list, but it’s proven to be a difficult one to reach the last few years. In your Metro Detroit business, it’s likely some of your employees fall in this category — especially for those in lower income brackets.

Thanks to the Secure Act 2.0, there are ways you can help support your employees in building an emergency savings of their own. The IRS...

t seems business leaders aren’t worried about recession anymore. At least that’s what the annual World Economic Forum decided last week.

Economic experts and business leaders are saying that we’re not likely to see a U.S. recession in 2024. The Federal Reserve might lower interest rates soon, and people are feeling more...

Failure usually isn’t on your mind this time of year.

In fact, it’s the opposite. In January, you’re thinking of ways to make your Metro Detroit business succeed. You’re looking at last year’s data and setting growth goals. There’s excitement in the air, and you’re buzzing with optimism.

But that doesn’t always help you see clearly what happens if you fail. So, what if you considered failure now, you know, as a sort of...

This weekend we got a chance to see what’s trending in the world of music via the 66th Annual Grammy Awards. But something that wasn’t talked about on stage was the struggles of the music industry right now.

A lot of artists are facing difficulties with promoting their music online thanks to Universal’s battle with TikTok. And many music giants, including Universal and Spotify, are issuing layoffs across the board.

And yet,...

For a long time, the NFL was hands-off when it came to Las Vegas. They were unwilling to get anywhere close because of the long-time commissioner’s caution about the connections some big NFL names had with well-known mob connections.

Commissioner Pete Rozelle and his successors were adamant about their anti-sports betting stance. Major changes in...

We’re less than a month away from March Madness. The NCAA recently released the tournament schedule with locations, if you’re wanting to see your favorite team play in person. Or you just want to mark it on your home calendar so your family knows you’ll be commandeering the living room TV for a few...

Firstly — a quick reminder that we’re reaching the end of the month, which means getting your monthly reporting done.. Send us anything we’ve been asking for … by the 1st?

Second — Have you reported your Beneficial Ownership Information to FinCen yet? If not, and you own a business type that’s required to report this (verify that here), then it’s time to get on that. While you have...

When I see relevant stats that my Wayne County business owner friends should know about, I’m going to share them with you. (You already know I’m a numbers person, after all.)

But first, a quick note about end-of-month tasks.

If you haven’t gotten all of last month’s expenses and income details over to my office, you’ll want to get on that ASAP, so we can get reports to you on how your business performed overall in February. And...

No business management technique is sacred anymore. And rightly so.

In my world, there’s been a trend in recent years with businesses moving away from traditional, fixed budgets towards more flexible approaches. I think that could be said for most tasks within business management.

The ever-changing market landscape, economic uncertainties, rapidly developing technology, and the global scene are all forcing us to look beyond what...

Let’s get real: It’s mid-March and January’s zeal for fixing all the broken things in your business has probably faded by now.

Maybe you started the year with a bang, but the grind has set in and it feels more like, well, a grind.

That new spreadsheet you created to track your goals isn’t enough to actually achieve those goals. And you’re still scrambling, just like last year.

That may feel bleak, but it’s real for many of...

We’re working hard for you.

And we always want to make sure you’re optimizing your processes for profit, efficiency, visibility, and legal compliance. Including areas that often get overlooked…

I keep seeing headlines about the arm wrestling over remote work, as it continues to be debated among US employers. More...

Here we are four months into a new year and plugging along towards 2024’s goals for your business.

First, thank you so much for your trust, and for allowing us to be the ones you trust to guide you on the path you’re charting for your business.

Since we work with so many Metro Detroit businesses, it’s perhaps obvious that there is far more to what we do than accounting. There is much more to being an effective advisor for your...

An important date is coming up, and even though I’m not your tax person, it only seems fair to remind you…

The tax filing deadline is Monday, April 15th. Last minute filing is not recommended for the sake of your business’s financial health.

Besides that, we’re now into Quarter 2, which means taking some time to reflect on what worked and what didn’t work in Q1. It’s also a good time to see how you’re measuring up to your business...

Ever thought about taking a “mini sabbatical”? As in, longer than a week vacation and focused specifically on total rest? Here’s why I ask…

Tax Day has come and gone, and, after a four-month sprint of paperwork marathons and client demands, my tax pro friends are prioritizing downtime. A lot of them take extended periods off this time of year to mentally break away from the stress their busiest season brings.

They’re not the only...

Happy Earth Day. The day we celebrate this little blue marble we all enjoy living on.

I found this fascinating as I was reading about it this morning — there are so many elements that make up the scenario of a thriving Planet Earth.

Less threats because we’re in the sticks of the Milky Way. The sun is stable and allows us to enjoy a lot of liquid H2O. Earth’s magnetic field helps deflect harmful radiation that would fry us. Our...