Business Planning & Consulting

Considering layoffs? Try these alternatives first

If your business has become financially distressed, layoffs may seem unavoidable. Not necessarily! This article suggests alternatives, such as trimming perks, benefits and wages, first.
April 8, 2026
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It’s every business owner’s least-favorite task: laying off staff. But sometimes, layoffs are unavoidable. Labor costs are a significant line item on most companies’ income statements, and reducing your workforce can potentially help restore stability if your business hits choppy waters. On the other hand, many costs are associated with staff reductions. These include severance […]
#BusinessStrategy, #CostManagement, #WorkforceManagement
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Tax Planning

Debt vs. equity: Classification counts when shareholders put money into their corporations

How you move money into your C corporation today can shape your tax outcomes tomorrow. Here’s why making bona fide loans to your business can be a tax-smart move.
March 30, 2026
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If you operate your business as a C corporation, how you put money into your company — and how you take it back out — can have a major impact on your tax bill. Payments from shareholders to fund the business can either be classified as capital contributions (equity) or shareholder loans (debt). That might sound […]
#BusinessStrategy, #CorporateTax, #TaxPlanning
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Financial Reporting & Assurance

Should your business consider a fiscal year end?

For many businesses, the calendar year is the default setting for tax reporting. But in some situations, a different year end may be the smarter choice.
March 23, 2026
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Most businesses close their books for tax and accounting purposes on December 31 because it aligns with the calendar year. But a calendar year isn’t always the best option. For some companies, choosing a fiscal year end that better reflects their business cycle can improve financial reporting and simplify year-end procedures and tax filing. Here’s […]
#BusinessStrategy, #FinancialReporting, #TaxPlanning
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Technology

Developing a comprehensive AI strategy for your business

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July 25, 2025
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We’ve reached a point where artificial intelligence (AI) offers functionality and enhancements to most businesses. Yours may be able to use it to streamline operations, improve customer interactions or uncover growth opportunities. However, getting the max benefit calls for doing much more than jumping on the bandwagon. To make this technology truly work for your […]
#AIInBusiness, #BusinessStrategy, #DigitalTransformation
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Business Planning & Consulting

How can your business set the stage for organic sales growth?

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July 18, 2025
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For businesses looking to reach the next level of success, there’s no bigger star than organic sales growth. Simply defined, this is achieving an increase in revenue through existing operations rather than from mergers, acquisitions or other external investments. As you’ve likely noticed, coaxing this star into the spotlight isn’t easy. How can you set […]
#BusinessStrategy, #CustomerExperience, #OrganicSalesGrowth
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Business Planning & Consulting

Cost management is critical for companies today

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May 2, 2025
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Many business owners take an informal approach to controlling costs, tackling the issue only when it becomes an obvious problem. A better way to handle it is through proactive, systematic cost management. This means segmenting your company into its major spending areas and continuously adjusting how you allocate dollars to each. Here are a few […]
#BusinessStrategy, #CostManagement, #OperationalEfficiency, #SupplyChainSavings
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Risk Management

How companies can spot dangers by examining concentration

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April 16, 2025
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At first glance, the word “concentration” might seem to describe a positive quality for any business owner. You need to concentrate, right? Only through laser focus on the right strategic goals can your company reach that next level of success. In a business context, however, concentration can refer to various aspects of your company’s operations. […]
#BusinessStrategy, #CustomerConcentration, #RiskManagement
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