The Claws of the Payroll Panther: How to Keep Your Business Safe
Due to its extreme complexity, payroll is an impending disaster. The following are particular risk factors: - No payroll at all. - Work in multiple states. - Corp owner health insurance premiums. - ... ...more
March 28, 2023•4 min read
Bankrupt In 48 Hours: 3 Powerful Lessons From the Collapse of Silicon Valley Bank
Silicon Valley Bank - what went wrong On the surface it was a classic "run on the bank." People lost faith in SVB and pulled their deposits. The banks labored breathing quickly became a death gasp. It... ...more
March 14, 2023•4 min read
Seeking Your Next Business Idea? Look at an Income Statement
Sales-based offerings benefit from a natural tailwind. When launching a new business, consider a model that increases your client's sales. The natural tailwind can also be used in other ways: A comp... ...more
February 28, 2023•5 min read
How to Achieve Financial Clarity in 2 Steps
Financial Clarity in 2 Steps Step 1: Divide Your Company Into Divisions Step 2: Each Month, Do a Careful "Month End Close" ...more
February 14, 2023•6 min read
Why I Hate Cash Flow (Discussions)
What is a cash flow projection? Reasons I Hate Cash Flow Discussions. Cash Flow = Profit (Eventually) Anyway Better Cash Flow Trumps Better Forecasts ...more
January 31, 2023•5 min read
Don't Pet Snapping Turtles, Plus 3 Other Things I Didn't Learn Until I Was 40
Sales and marketing is worth more than you think. There is no "Perfect Way" in business. Think twice before laughing at conventional wisdom. ...more
January 17, 2023•6 min read
Be Your Own
The Claws of the Payroll Panther: How to Keep Your Business Safe
Due to its extreme complexity, payroll is an impending disaster. The following are particular risk factors: - No payroll at all. - Work in multiple states. - Corp owner health insurance premiums. - ... ...more
March 28, 2023•4 min read
Bankrupt In 48 Hours: 3 Powerful Lessons From the Collapse of Silicon Valley Bank
Silicon Valley Bank - what went wrong On the surface it was a classic "run on the bank." People lost faith in SVB and pulled their deposits. The banks labored breathing quickly became a death gasp. It... ...more
March 14, 2023•4 min read
Seeking Your Next Business Idea? Look at an Income Statement
Sales-based offerings benefit from a natural tailwind. When launching a new business, consider a model that increases your client's sales. The natural tailwind can also be used in other ways: A comp... ...more
February 28, 2023•5 min read
Scott Hoover, CPA
About The Author:
Scott lives in Wisconsin with his wife Priscilla and their active family of eight children.
He has worked as a CPA and part-time CFO for over a decade, and draws on this experience to provide practical, down-to-earth guidance to his clients.
In addition to his CPA day job, he and his family have a small farm where they raise calves and produce. In his "spare" time, Scott enjoys writing articles on finance and faith.
Send any comments or feedback directly to scott@beyourowncfo.com.
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