Well, it happened. The Federal Reserve raised interest rates last week a quarter point, marking the first rate increase in three years. Most economists felt this was inevitable, and I’ve been talking about this for a while now. Well, we’ve moved out of speculation and into reality – with the inflation numbers being what they are (the highest… Read More »
Here’s something that’s a surprise to many non-businesspeople: There are actually two different accounting methods, and most successful businesses will compile reports and similar using both. The two accounting methods are: Book Accounting (which could simply be called “accounting”) utilizes Generally Accepted Accounting Principles (GAAP), whose rules are set by the Financial Accounting Standards Board (FASB). Tax Accounting… Read More »
I was doing this little marketing project the other day (yes, Fletch wears many hats around here… you should see me when it’s my turn to do the floors!) Anyway, I was writing about Section 179 and equipment financing, and how it can save you money for months after you finance the equipment, etc etc. And I thought… Read More »