The FDA Group helps life science organizations rapidly access the industry’s best consultants, contractors, and candidates. Their resources assist in every stage of the product lifecycle, from clinical development to commercialization, with a focus in Quality Assurance, Regulatory Affairs, and Clinical Operations. We are excited to shine our Client Spotlight on them! Check out our Q&A with their President & CEO, Nicholas (Nic) Capman!
Your Mid-Year Checklist and Steps to Take to Prepare for Year-End
It’s halfway through the year and we can’t believe it either! Have you set yourself up for success by reforecasting, evaluating your pricing, meeting with your CPA, etc.? There are steps you can take to make sure you’re finishing the year strong as you prepare for next year. Here are our top 3 highlights from our Founder & CEO, Matt Garrett to create safety and security in your business.
Client Spotlight: The FDA Group, LLC
The FDA Group helps life science organizations rapidly access the industry’s best consultants, contractors, and candidates. Their resources assist in every stage of the product lifecycle, from clinical development to commercialization, with a focus in Quality Assurance, Regulatory Affairs, and Clinical Operations. We are excited to shine our Client Spotlight on them! Check out our Q&A with their President & CEO, Nicholas (Nic) Capman!
Controller vs Accounting Manager: What’s the Difference?
Controllers and Accounting Managers are supervisors within the accounting department and ensure financial tasks are completed accurately and on-time. With both roles close to one another within the department, how can we tell them apart and what’s the difference? You’re about to find out!
TGG Team Member Spotlight: David Nieves
We are proud to spotlight our Director of Talent Acquisition, David Nieves! When applying to TGG, David is the friendly face meeting with job candidates and setting our new team members up for success starting on day one. With over 5 years of recruiting experience, we are excited to share more about him and what it takes to attract talent (along with the secret to a perfect charcuterie!). Check out our Q&A with David!
The Top Tax Takeaways You Need to Know
The U.S. Tax Code is over 60,000 pages long, but don’t worry, you don’t have to read it. We’re summarizing several tax law changes affecting small businesses.
Client Spotlight: MedTrust
MedTrust’s vision is about improving patient outcomes through excellence in mobile healthcare. They currently operate in three states Florida, Georgia and South Carolina serving more than 60,000 patients a year. As they continue to grow and serve the needs of the healthcare community, we are excited to shine our Client Spotlight on them! Check out our Q&A with their Chief Executive Officer, Lenna Macdonald!
How To Determine Owner’s Equity in a Business
Equity equals ownership. How do you determine the owner’s equity in a business? We share a simple equation that you can use today.
How to Finance Your Business & Stay Profitable in an Inflationary Environment
Inflation is a major problem. The latest data from the consumer price index, show inflation rose 7% in December 2021. The fastest pace since June of 1982. In the business context, it’s important that you start thinking about how you finance your business in a rising interest rate environment which we are currently in.
Client Spotlight: Luna
Luna is transforming the healthcare landscape. They designed the first community-owned health data platform that allows you to help drive research and medical discovery. With their impact on patient communities, we are excited to shine our Client Spotlight on them! Check out our Q&A with their Chief Executive Officer, Joe Berry!
MJBiz Acquired by Emerald Expositions for $120M
With support from TGG during due diligence, MJBiz was sold to Emerald Expositions for $120M. We spoke to them about how this deal came together and what’s next!
When You Should Outsource Your Accounting
Are you looking to simplify your small business and make it easier to manage so you can spend time on the things that really matter? Or do you have large goals for your business, but you aren’t quite sure where to start? Outsourcing your accounting department can help you achieve all the above and more! If you aren’t sold on outsourcing your accounting yet, keep on reading to find out everything you need to know.
What are Key Performance Indicators (KPIs) and Why Are They Important?
A KPI is defined as a Key Performance Indicator. Key Performance Indicators (KPIs) and metrics are graphical measurements of how your business is achieving measured results. They can be utilized for every business industry. High-level KPIs may focus on the overall performance of your business, while low-level KPIs may focus on processes in departments such as sales, marketing, human resources, operations, support and others.
The Importance of Cash Flow for Startups
As a business owner, wouldn’t life be easier if you knew what was going to happen in the future? Of course! You would know when money’s coming in and going out, the right time to hire staff, the best marketing strategy, etc. One area all business owners need to focus on is cash flow. Cash flow is vital for young start up companies with limited capital.
U-T San Diego Names TGG a Winner of the metro San Diego Top Workplaces 2021 Award
TGG has been awarded a Top Workplaces 2021 honor by U-T San Diego Top Workplaces. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The anonymous survey uniquely measures 15 culture drivers that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.
Reasons to Outsource Your Accounting
Outsourcing is as simple as hiring another company, like TGG, to perform certain tasks or serve as a specific department within a company. There are many factors that go into determining which tasks or departments to keep in-house and which to outsource. If you aren’t sure where to begin, outsourcing your accounting could be a great place to start.
Cash is King, But Profits Generate Cash
There are three big things going on in the world affecting small businesses right now. Inflation, labor shortages and supply chain problems. How can you use your cash flow to drive profits in the current economic environment? We have a philosophy that cash is king, but profits generate cash. So how much cash is enough and what do you do if you have too much cash?
How to Prepare for a Supply Chain Disruption in the Future
There are three big things going on in the world affecting small businesses right now. Inflation, labor shortages and supply chain problems. How can you use your cash flow to drive profits in the current economic environment? We have a philosophy that cash is king, but profits generate cash. So how much cash is enough and what do you do if you have too much cash?
Three Ways to Find, Hire & Retain Employees Right Now
One of the biggest challenges facing all of us right now as business owners, is how do we find good employees, hire them and get them to want to be productive when there’s government stimulus money out there? To answer this question, we’re providing three ways to find, hire and retain employees starting right now!
Client Spotlight: Zeno Gym
Zeno Gym was inspired in 2020 to create their home workout bench by the stay-at-home policies instituted nationwide during the COVID-19 pandemic. Check out our Q&A with their Founder & CEO, Will Torrez!
Inventory Turnover & Your Cash
Are you tying up your cash in inventory? Inventory-based businesses know that when you carry a lot of inventory, it soaks up a lot of your cash. Find out what you can do to speed up your inventory turnover to free up resources for your business.
Bookkeeping and Accounting: What’s the Difference?
The terms Bookkeeping and Accounting are often used interchangeably. While both deal with the finances of small and mid-sized businesses, they both have very different meanings and provide contrasting financial information. We’re breaking down the key differences between the two, so you have a better understanding of what they mean and how they fit into your business.
How to Eliminate Fraud in Your Business
Can you afford a $200,000 case of fraud in your business? We break down the simple steps you can take to make sure fraud doesn’t happen to you.
Why Now is the Time to Sell Your Underutilized Cars
Does your business own a fleet of vehicles? Are any of them underutilized? Now may be the perfect time to sell your underutilized or used cars to turn a profit for your business.
What To Do With Extra Cash
Is it even possible to have too much cash in your business? It is! With all the Paycheck Protection Program (PPP) money being given to small businesses, some people are finding themselves in a position of too much cash. The question to ask yourself is, “How much are you earning on that cash?”
The Impact of Reducing Your Merchant Fees
Merchant fees are fees that you pay to credit card companies to process credit cards that you accept from your customers. These fees typically range anywhere from 1.8% to 2.8%, but they can be as high as 3% to 3.5% if you have a lot of fraud, credits or returns.
4 Tax Credits That Will Save You Thousands
Right now, there are trillions of dollars in government stimulus money going into the economy and one of the places that the government has put this money for businesses is in tax credits. There are four key tax credits that you need to be thinking about and possibly take advantage of today.
What You Can do to Improve Cash Flow, Hiring & Combat Inflation
Recently released inflation data showed an increased rate of 4.2% year-over-year and 0.8% month-over-month. This is the fastest rate of inflation that we’ve seen since the early 1980s. What does that mean for you? It means that the prices of everything are going up. As a small business, if you don’t do anything and your prices stay the same, and the cost of everything else goes up, you’re going to end up making less money.
Should Your Business Accept Cryptocurrency?
Cryptocurrencies, like Bitcoin, have been making headlines recently. One day they’re up and another day, they’re down. They’re going to continue to do that. The question is, should you accept cryptocurrency in your business and should you bill some of your customers in cryptocurrency as well?
How to Protect Your Accounting from Cyber Attacks
Your accounting file holds the history of your business. Don’t lose it. TGG Founder & CEO, Matt Garrett explains two ways that you can protect your business and your accounting right now from cyber attacks.
3 Ways to Beat Inflation
Recently released inflation data showed an increased rate of 4.2% year-over-year and 0.8% month-over-month. This is the fastest rate of inflation that we’ve seen since the early 1980s. What does that mean for you? It means that the prices of everything are going up. As a small business, if you don’t do anything and your prices stay the same, and the cost of everything else goes up, you’re going to end up making less money.