Importance of Budgeting

Brian Clarke of H&J CPAs discusses the importance of budgeting for small business owners. One of the most common things that small business owners do not do on a regular basis that they should be doing is budgeting. While this sounds very basic, consistently budgeting and, more importantly, utilizing that budget is extremely important. Very…

The Importance of Profit and Loss

Brian Clarke of H&J CPAs explores profit and loss and explains why it is important to regularly review it. Each month, company owners are presented with a profit and loss that has been generated by their accounting software. Many times, this report is simply filed away without much thought, but owners should pay close attention…

2016 Trustees Reports Project Social Security COLA, Medicare Premiums, and Long-Term Outlook

Every year, the Trustees of the Social Security and Medicare trust funds release reports to Congress on the current financial condition and projected financial outlook of these programs. The 2016 reports, released on June 22, 2016, project a small Social Security cost-of-living adjustment (COLA) and Medicare premium increases for 2017, and discuss ongoing financial challenges.…