Demystifying the Financial Statement
Posted by Jim Biehl on February 12, 2020
Jim Biehl
Owners spend years amassing the knowledge and experience necessary to become masters at their craft. Passion for the work and the satisfaction of helping clients is what drives them – not necessarily administrative tasks like financial accounting and reporting.
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I Bought the Building, So Now What?
Posted by Jim Biehl on August 15, 2019
Many business owners “do the math” and determine that it makes financial sense to buy the building(s) in which they operate the business, instead of continuing to rent. Generally the analysis they perform to make this decision is focused on real estate prices, current rental and interest rates, and the desire to build equity in the investment.
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The Secret to Longevity in Business
Posted by Jim Biehl on February 6, 2019
Have you ever wondered how some companies last for generations while others fade into obsolescence? In the firm’s long history of working with closely-held businesses, …
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Top 5 Questions about Sales & Use Tax
Posted by Jim Biehl on August 26, 2014
1. Do I have to charge sales tax on my sales to customers in my home state? Individuals or businesses that sell tangible personal property …
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Top 5 Questions on State Income Tax Nexus
Posted by Jim Biehl on August 5, 2014
As companies expand and begin to sell, deliver, and/or maintain products in multiple states, there are tax impacts that need to be researched …
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Sales Tax – Evolving Nexus Standards
Posted by Jim Biehl on June 24, 2014
Almost all 50 states have a type of sales tax. This tax often helps fund vital projects such as roads, police, …
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Turns on Inventory – Systems and Processes to Monitor Inventory Levels
Posted by David Van Damme and Jim Biehl on July 30, 2019
You’re in the wholesale or distribution space and have a huge asset, called inventory, which needs to be converted to cash, but you aren’t great at tracking or counting it and you are not really sure which items are sitting. So what do you do?
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