Starting a new year often brings a fresh mindset and renewed energy for entrepreneurs looking to grow their businesses. But how do you truly kick off the year with a strategy that moves the needle? In this insightful discussion from Heyward CPA Live, hosts James E. Heyward and Kory H. Franklin explore the concept of … Read more
As the holiday season approaches, the air fills with excitement and reflection. For entrepreneurs, it’s a critical time to look back on the year’s achievements and prepare for the upcoming challenges and opportunities of 2025. This period is perfect for finalizing current year activities, reassessing incomplete initiatives, and setting a solid foundation for the year … Read more
A cash flow statement is an essential financial document used to analyze the financial health of a company. It’s a critical tool for investors, lenders, and other stakeholders to assess the company’s ability to generate cash and use it to pay debts and other obligations. Understanding how to read and interpret cash flow financial statements … Read more
Understanding your financial statements is essential for any business owner or financial professional. The balance sheet is one of the key financial statements that provide an overview of your company’s financial position. It includes information about your assets, liabilities, and equity that can help you analyze your company’s financial health. This article will provide a … Read more
When you first begin your business, it can be challenging to know where to begin. There are so many different things you need to think about, analyze, and understand that it’s easy to get lost in the details. However, one of the most important aspects of creating a successful business is understanding your balance sheet … Read more
So I got a couple of questions over the last couple of weeks. What can I deduct from my taxes? Many struggled because of a lack of understanding of what business expenses are. So we decided to address that situation and give you some insight into what a business expense is from the IRS point … Read more