Quick Ratio is a metric used to determine the short-term liquidity of a company. By focusing only the most liquid assets, it allows business owners and business leaders to get more granular than Current Ratio. By ignoring assets that will not be quickly turned into cash (and other prepaid expenses), Quick Ratio is a more […]
Understanding Current Ratio – A Key Metric of Business Health
Evaluating a company’s financial health can be difficult without the right metrics. Current Ratio is an important concept to understand and apply to your business. Investors, analysts, managers, and business owners can gain greater insight to the health of their company’s short-term financial obligations by using Current Ratio along with other helpful accounting metrics. In […]
Keeping It SIMPLE
A SIMPLE IRA is an option for small business owners who do not currently have a retirement plan in place but would like to have one. This particular type of retirement plan has several attractive features that deliver significant benefits to both employers and their employees. What It Is The Savings Incentive Match Plan for […]
Five Steps to Keeping Employees Motivated
Motivated employees typically perform at a higher level than employees who are disengaged from their work. They are willing to go beyond their job description to see a project through to completion. Very often, their enthusiasm inspires and pushes coworkers to excel. Certain strategies can help foster a culture of motivation and enthusiasm within the […]
A Comprehensive Guide to Small Business Taxes
Running a small business comes with a multitude of responsibilities, and one crucial aspect is managing taxes. Small business owners often find themselves grappling with the complexities of the tax system, from understanding different tax obligations to maximizing deductions. In this article, we’ll delve into the world of small business taxes, offering insights and tips […]
Embrace the Season of Change: Estate Planning Tips for Fall
As the vibrant colors of autumn paint the landscape, the fall season invites us to reflect on the changes in nature and consider the changes we can make in our own lives. Estate planning, often overlooked, is a vital aspect of ensuring a secure future for your loved ones. Just as leaves fall and transition, […]