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

Business Management

March 28, 20234 min read

The Claws of the Payroll Panther: How to Keep Your Business Safe

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

Business Management

March 14, 20234 min read

Bankrupt In 48 Hours: 3 Powerful Lessons From the Collapse of Silicon Valley Bank

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

Business Management

February 28, 20235 min read

Seeking Your Next Business Idea? Look at an Income Statement

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

Business Management

February 14, 20236 min read

How to Achieve Financial Clarity in 2 Steps

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

Business Management

January 31, 20235 min read

Why I Hate Cash Flow (Discussions)

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

Business Management

January 17, 20236 min read

Don't Pet Snapping Turtles, Plus 3 Other Things I Didn't Learn Until I Was 40

Be Your Own

The Claws of the Payroll Panther: How to Keep Your Business Safe

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

Business Management

March 28, 20234 min read

Bankrupt In 48 Hours: 3 Powerful Lessons From the Collapse of Silicon Valley Bank

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

Business Management

March 14, 20234 min read

Seeking Your Next Business Idea? Look at an Income Statement

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

Business Management

February 28, 20235 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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