Breeze Through Summer: Why Now is the Perfect Time to Review Your Financial Strategies
Breeze Through Summer: Why Now is the Perfect Time to Review Your Financial Strategies – Hello, fellow business navigators! I’m Tiffany Phillips, your captain at the helm of Phillips Business Group, ready to guide you through the calm waters and occasional storms of your financial strategies. Summer is here, and while some may be thinking […]
7 Mistakes to Avoid Heading into New Year
7 Mistakes to Avoid Heading into New Year: As we head into the new year, many of us are focused on setting goals and making plans for the coming year. But for business owners, it’s important to take a moment and reflect on how they can set themselves up for success. While the dawn of […]
Simple steps for a smooth accounting year-end
Simple steps for a smooth accounting year-end: For many firms, accounting is such a huge pain point. It’s time-consuming and tedious and can often lead to big headaches come tax season. We just entered Q4, and it’ll be time for year-end tax filings before you know it. Do you find the year-end closing process to […]
Budget Tips for Business Growth
No matter what stage your business is in, budget tips will play an important part in ensuring its success. But when you’re trying to grow your business, having a clear understanding of your finances and being proactive about planning can make all the difference. To help you get started, we’ve put together some budgeting tips […]
Using Data-Driven Decision-Making to Grow
Businesses now have access to more data than ever before. But what good is all that data if you don’t know how to use it? If you have siloed, unused data, it is probably costing your business money and missed opportunities. This is why Data-driven decision-making is critical. Data-driven decision-making (DDDM) is the process of […]
Managing Cash Burn in Your Business
Do you have a handle on cash burn in your business? Entrepreneurs and business owners have to delicately balance multiple dicey factors when it comes to their company’s finances. They have to make sure they’re making enough revenue to cover costs and turn a profit, but they also can’t skimp on spending where it’s necessary […]
How to Track and Manage Business Cash Flow
If your business is struggling with cash flow, you are not alone. Small and medium businesses consider this particular financial metric one of their top 5 challenges. In fact, studies show a sizable portion of businesses fail due to cash flow issues. Cash flow is simply the movement of money in and out of your […]
Aligning Actions with Business Finances
As your business grows, planning and goal setting become more important to maintain your company’s financial health. Your business goals should direct your overall financial strategy, including saving, spending, and investing. While goals are great, they should be backed with deliberate, intentional actions to make them happen. You need to take specific financial actions aligned […]
7 Reasons To Choose A Modern CPA Firm
7 Reasons To Choose A Modern CPA Firm: If your past experiences in accounting haven’t been amazing, you probably haven’t worked with a modern CPA firm. As a business owner, you may be wondering whether you should use a bookkeeper, or a CPA firm to manage your finances. Bookkeeping accountants typically provide basic financial services, […]
A Better Future is Found in Your Accounting
Money doesn’t buy happiness, as the adage goes. And that’s true in both personal and business finances. Companies that make a lot of revenue fail all the time. People who make a high level of income aren’t inherently happy, either. That said, the statement on our homepage says, “We Build Better Futures.” And it’s also […]