Orange County & San Diego CPA firm
An efficient route to profitable growth for many businesses lies in a waste audit. As I shared in my previous article, profitable growth is achieved by eliminating waste and minimizing overspending within an organization. We covered the helpful DOWNTIME list of eight common types of waste and discussed why it’s worth pursuing both top-line and […]
Most business owners look at profitability as a one-way street, as a simple equation where more revenue equals more profitability. While there’s some truth to that, there’s much more to consider. As business advisors and CPAs, at Haskell & White we spend our time buried in profit and loss statements. We’ve found that often, the […]
Real estate transactions are showing no signs of slowing down, and part of the reason is a popular section of the tax code known as a 1031 Like-Kind Exchange. Exchanges are go-to strategies for businesses looking to upgrade or relocate facilities, and investors moving upstream, into newer properties, or into different sectors. The 1031 Exchange […]
Whether you’re interested in exit planning or discovering opportunities for growing your profits, planning is an essential part of any business. As the adage goes, failing to plan is planning to fail. When you think about tax planning or public accounting services, business advisory doesn’t immediately come to mind. The role a CPA plays in […]
Is your company preparing for a big change? We’re the first to admit that corporate change initiatives can be daunting. In fact, research indicates that 70% of all change initiatives fail. Whether you’re integrating a new software, in the middle of a merger, or hiring new staff, change is especially challenging if you haven’t prepared […]
This summer I took my first three-week vacation, and I learned a great deal about preparing for a successful vacation. With the holidays just around the corner, taking some time away to re-charge may be just what you need to finish the year strong. However, without making the conscious effort to plan time away from […]
Given the number of stories in the news, the phishing scams delivered to our email, and the portrayal of crazy schemes in movies, I am often asked for some practical tips that a business owner might consider to safeguard their business from fraud. Here are my top ten practical tips on protecting your business against […]
I was recently speaking to a group of business owners, and when asked how many had received unsolicited offers to invest or buy their business outright, half the hands in the room shot up. I was a little surprised, but with the amount of undeployed cash held by private equity firms, it makes sense why […]
Whether you’re forming a new real estate entity, or whether you’re considering refinancing an existing one, owners and managers of real estate entities should recognize that this is an opportunity to consider changing their financial reporting method. New lender requirements can often be negotiated, and a possible change in reporting method may better fit your […]
Occupational fraud is much more common than most CEOs think. According to the Association of Certified Fraud Examiners Inc.’s “2018 Report to the Nation on Occupational Fraud and Abuse,” businesses worldwide lost over $7 billion to fraud in 2018. Moreover, small- and medium-sized organizations seem to be at higher risk. The median loss of identified […]