PBMares Accounting Blog

Business owners: Put your successor in a position to succeed

Posted by David J. Damiani, J.D., CPA on Jun 30, 2017 4:15:13 PM

When it comes time to transition your role as business owner to someone else, you’ll face many changes. One of them is becoming a mentor. As such, you’ll have to communicate clearly, show some patience, and have a clear conception of what you want to accomplish before stepping down. Here are some tips on putting your successor in a position to succeed.

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Topics: Business Briefs

Seasonal business? Optimize your operating cycle

Posted by Donald Knotts, CPA on Jun 23, 2017 9:37:10 AM

Every business has some degree of ups and downs during the year. But cash flow fluctuations are much more intense for seasonal businesses. So, if your company defines itself as such, it’s important to optimize your operating cycle to anticipate and minimize shortfalls.

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Topics: Business Briefs

Could stronger governance benefit your business?

Posted by Kevin F. Reilly, J.D., CPA, CGMA on May 25, 2017 11:45:10 AM

Every company has at least one owner. And, in many cases, there exists leadership down through the organizational chart. But not every business has strong governance.

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Topics: Tax Bites, Tax Planning, Business Briefs