'Finance' Category
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How Cash Flow Can Get You
Posted by Brian E. Satterlee on May 12, 2011What would a successful business look like to you? Would it be profitable every year, and every month? What if I told you that you can have a profitable business that is short on cash? Here is a good example of what it is like to have a cash flow crisis: You take a job [...]
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The IRS Can Be Taxing
Posted by Brian E. Satterlee on April 4, 2011I would like to share with you a little experience I just had last night. I received a notice from the IRS that I had filed my 1120 but they had not received payment, and now they wanted payment plus penalties and interest. Now I had paid my 1120 payment via EFTPS, because you can’t [...]
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Theoretical Implications Of The U.S. National Debt
Posted by Brian E. Satterlee on March 24, 2011As we begin flying missions with the UN in Libya this week, I am reminded of our national debt and how it isn’t getting any smaller with each bomb we drop. And while this could be a very positive development for our security, I don’t see why our country has to bear the burden of [...]
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Corporate Tax Time Is Here
Posted by Brian E. Satterlee on March 7, 2011When you are a C corporation in the U.S. and your fiscal year is the same as the calendar year, March 15 is your deadline to file your 1120. And here it is the 7th of March, so there is no time like the present to talk about filing your 1120. Unlike personal taxes, the [...]
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Being CFO As Well As CEO
Posted by Brian E. Satterlee on January 3, 2011I am a lone wolf in my company at the moment. I am not just the CEO, I am also the CFO. CFO stands for Chief Financial Officer and it is a position with an extreme amount of responsibility. As the CEO, I can have a vision for my company, a grand and glorious one, [...]
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Work At Home
Posted by Brian E. Satterlee on October 11, 2010I work at home. I work at home all the time. I used to work at home when I was employed, for my employer. With technology these days you can do many jobs for an employer at home. Or you can work for yourself at home. So the first question is: Are you looking for [...]
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More About Being A Bean Counter
Posted by Brian E. Satterlee on October 4, 2010Last week we talked about calculating a return on investment (ROI) from your recruiting costs, whether you are recruiting customers for your product or resellers. Of course our return on investment calculation is just an estimate based on less than all the facts. It is still an important calculation, though, and worth the exercise even [...]
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Four Ways that a Merchant Account Can Give Your Business a Competitive Edge
Posted by Brian E. Satterlee on June 30, 2010Author: Tony Gottleib If you’ve recently started a small business and are thinking of ways to take it to the next level, chances are you’ve heard of merchant accounts. Merchant accounts provide an immediate dose of convenience for your customers because they allow you to process credit and debit cards for payments. Credit cards are [...]
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How To Improve Working Capital Management
Posted by Brian E. Satterlee on June 4, 2010Author: David Gass “Cash is the lifeblood of business” is an often repeated maxim amongst financial managers. Working capital management refers to the management of current or short-term assets and short-term liabilities. Components of short-term assets include inventories, loans and advances, debtors, investments and cash and bank balances. Short-term liabilities include creditors, trade advances, borrowings [...]
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Reasons To Take Credit Cards
Posted by Brian E. Satterlee on May 17, 2010If you sell your product directly to customers, taking cash and cashier’s checks are the safest way to insure you get paid. They are also quick to get your money, usually they are available funds right away when you deposit them in your bank, and you can spend the cash without depositing it. Although depositing [...]