Tag: Accounting

Understanding Accounts Receivable and Payable for Your Business

Managing cash flow effectively is crucial for small and medium-sized businesses, especially in a competitive business market like Southern California. One of the fundamental components of this management lies in understanding accounts receivable (AR) and accounts payable (AP). Properly balancing these two financial pillars can mean the difference between sustaining your business or facing cash… Continue reading Understanding Accounts Receivable and Payable for Your Business

Simple Ways To Prepare Your Books For Year-End

Another Pandemic influenced year is coming to an end, and it is time to clean up your books and prepare for 2022. If you have been meticulous about keeping your records up to date throughout the year, closing your books for 2021and generating accurate financial statements will be a piece of cake. But, if your… Continue reading Simple Ways To Prepare Your Books For Year-End

If Robots Replace People, Should They Be Paying Taxes?

by William E. Rogers MBA, CFP, EA The capability of artificial intelligence has reached a point that it is no longer a question of if robots will replace people, but a matter of when. Highly automated factory floors, driverless cars, and computerized medical diagnoses all exist today. In the not too distant future it is… Continue reading If Robots Replace People, Should They Be Paying Taxes?

THE STRATEGIC THREAT OF OUR LIFETIME: PEOPLE VS. ROBOTS

Written by William E. Rogers MBA, CFP, EA As the election season heats up, you are probably going to hear a lot of discussion about trade policy. Although there is no question that millions of American workers have been displaced by globalization; I personally feel that this is the wrong issue to focus on. Why,… Continue reading THE STRATEGIC THREAT OF OUR LIFETIME: PEOPLE VS. ROBOTS

4 PILLARS OF ROBUST BUSINESS GROWTH

Many businesses start life small and simple. But with growth comes the need for a stronger company infrastructure and increased operational sophistication. As you pursue a more robust business, focus on these four pillars: 1. Organizational management Implement a formalized system for measuring performance that begins with written job descriptions and training. Issue a clearly… Continue reading 4 PILLARS OF ROBUST BUSINESS GROWTH

INNOVATE OR ACQUIRE? THAT’S THE STRATEGIC QUESTION

  Many companies reach a point in their development where they have to make an important decision: Innovate themselves or acquire a competitor? Of course, it isn’t always an either/or decision. Nonetheless, business owners should consider the pluses and minuses of both approaches. Innovating to grow Innovation is a broad term that encompasses many strategies… Continue reading INNOVATE OR ACQUIRE? THAT’S THE STRATEGIC QUESTION

THANK YOU FOR JOINING ASCEND Business Advisory

Thank you for joining us on the new website wpcompany.dv. The purpose of the website is to serve as an objective resource when it comes to business, accounting, taxes, accounting automation, and most every aspect of your back office operations. The website will continue to grow in the areas of business resources, blog posts and… Continue reading THANK YOU FOR JOINING ASCEND Business Advisory