Breweries, restaurants, retail shops, and other small businesses need accessible and reliable ways to monitor their business performance. Specifically, they need to know if their business decisions are moving them toward their goals. There are myriad ways to measure the performance of a business, but for small businesses like brewpubs and craft distilleries, owners and
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Have you ever tried to create a budget for your business, only to find that it’s more complicated than you thought? It can be tough to know where to start or even where to cut corners. But don’t worry – we’re here to help. This post will outline how to build a spending plan for
I’m sure you’ve heard the saying, “you get what you pay for.” Well, that’s true when it comes to choosing a CPA. Not all CPAs are created equal, and if you want the best possible service and advice, working with an accounting firm with deep experience is essential. At Lord CPAs, we pride ourselves on
Starting a small business is no easy task. It takes hard work, determination, and most importantly, a sound business plan. Too often, small businesses fail because they are not profitable enough to stay afloat. To ensure the longevity of your small business, it is important to aim for a 10% profit margin. This number may
Now that the initial wave of PPP loans are being submitted and all the calculations of maximum loan amounts have been made we need to start looking at how these loan proceeds need to be used and how these loans can be forgiven as outlined in the CARES Act. This portion mainly applies to those