Blog
What the collapse of Silicon Valley Bank means to you
Over the last week, both Silicon Valley Bank (a bank specializing in startups) and Silvergate (a bank specializing in crypto) collapsed. And, to put it mildly, that's bad. Banks don't usually collapse. We think of them as safe places to store our money. And, a bank...
Strategic budgeting (for people that don’t do math)
I won an award 😊🎉 (and I'm gonna brag about it for the next few weeks 😋) - CPA Practice Advisor 40 under 40 It's budgeting season! Megacorps and startups everywhere are building out their annual budgets to allocate funds, get all the...
The four levers of cash flow 💸
I won an award 😊🎉 (and I'm gonna brag about it for the next few weeks 😋) - CPA Practice Advisor 40 under 40 The most common cash flow wisdom is to accelerate cash inflows and delay cash outflows. Or, in everyday terms, get paid faster and take...
Reader question: “what’s the difference between banks?”
Banking is among the first major financial decisions every new business owner makes. It's a relatively straightforward need (you just need somewhere to put the money, after all). But, at the same time, it's an unassumingly complicated decision. You have endless...
A (relatively) simple tax review for year-end
Pre-script: these are topics I discuss with year-round tax retainer clients during their year-end tax checkup. If you're a tax retainer client reading this, expect an email to schedule your call in a few weeks. If you're not a client and would like to have these sorts...
How to fire bad clients
Last week's email - 'Why you should let bad clients go' - totally jinxed me (here's a link, in case you're the sorta monster that doesn't read every single one of these 😤). I hit send, checked my inbox, and was greeted with a client tirade. They were...
Why you should let bad clients go
You should let bad clients go. But, you already knew that. The hard part is actually letting them go, especially when they're paying you a lot of money. Our egos and our monthly bills (both the business and personal ones) make letting clients go easier said than done....
How to smoothly transition accountants
I may be biased, but accountants are one of the most important small business hires. At the very least, you need your taxes done. But, as you grow, you may also need help with other compliance chores, like payroll or bookkeeping. And, eventually, you may want their...
Why you should write weekly memos
As kids, there's plenty of obvious milestones, events, and memories to mark our progress. There's semesters, tests, graduations, big birthdays, and all sorts of other major happenings. And, we keep all those report cards, syllabuses, exam grades, pictures, postcards,...