Updating Accounting and Finance Practices for Growth

Calculating Accounting and Finance Practices for Growth

At start-up and in the earliest stages of operation, most companies understandably approach the accounting and finance side of their business from a basic bookkeeping perspective. As a business grows, however, so too does the need for more advanced accounting practices and financial insight. In most cases, adding responsibilities requiring a higher level of experience …

The Essential Role of the CFO in the Sale of Your Company

For many business owners, the sale of their company represents the culmination of decades of work and is likely to be the single largest, most important transaction of their lifetime. With so much money at stake, and likely the retirement security of the founder, it is important that the highest price is secured, and that …

Adapting to Remote and Hybrid Work Models

Video conference call in a work from home environment.

Adapting to the Remote and Hybrid Work Revolution Revolution signifies a radical and pervasive change, especially one made suddenly. With remote and hybrid work models, the 2020 global pandemic burst open the gates for these already rapidly growing business practices. The good news is that the pandemic’s near-immediate impact meant that most organizations that hadn’t …

Working Capital Access and Options

Stacking of coins demonstrates capital growth.

This post is co-authored by Ellen Wood and Chris Hysinger. Access to Working Capital – Understanding the Options and Improving the Odds Compounding the COVID-19 crisis, banks have tightened available capital and lines of credit for borrowers, especially for small to medium sized businesses. Other working capital programs have completely cut off virtually all their …

Workplace Diversity, Equity, and Inclusion Strategies

Multicolored game pieces represent diversity, equity, and inclusion.

This post is co-authored by Brian Bruce, Allyson Cline, Vira Trevino-Garcia, and Sweta Patel. Four Strategies for Promoting Workplace Diversity, Equity and Inclusion Businesses that exemplify diversity, equity, and inclusion (DE&I) are overwhelmingly more successful than those that do not. Most people have long believed this statement to be true and the mountain of evidence …

Business Budgeting Considerations for 2021

How to Budget for Your Business in 2021

This post was co-authored by Carter Freeman, Vice President – Western Region, and Chris Hysinger, Consulting CFO. Business Budgeting Considerations for 2021 and Beyond Nobody saw 2020 coming when organizations put their budgets together in late 2019. As we enter the budgeting cycle for 2021, there is no clear picture of what the sustained new …

Changing Employee Stock Option Plans

Changing Employee Stock Option Plans

Assessing and Adjusting Employee Stock Option Plans Granting stock options to employees is an excellent way to align effort with results for the company and the employee. Not to be confused with employee stock ownership plans (ESOP), used to transition complete ownership of a company into the hands of the employees, an employee stock option …

Reorganizing and Restructuring for Professional Practices

Reorganization and Restructuring Options for Professional Practices In previous weeks, we’ve written about a new business recovery tool, SBRA, Subchapter V of Chapter 11. We have explored reorganization and restructuring scenarios that some businesses are facing as a result of COVID-19. Perhaps you see yourself in one of our examples and can visualize how using this …

Business Recovery and the SBRA

Business Recovery and the SBRA

Key Business Recovery Considerations and the SBRA The financial impacts of COVID-19 have forced companies of all sizes to make incredibly difficult choices. This includes companies that have historically been quite successful and, by all accounts, were in solid shape coming into the crisis. Arguably the most difficult choices many are facing is how to …