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!
How to Build Your Cannabis Accounting Department for Successful Tax Compliance
Taxes and reporting compliance can either be a source of stress or comfort for cannabis business owners. From Income Tax and 280(e) to Cultivation (ending 6/30/22), excise, sales taxes and 8300 reporting, there are many hoops to jump through to keep the State, Uncle Sam (and investors) happy. Business owners in the space can help themselves by surrounding themselves with a team of experts to put these strategies in place.
TGG Team Member Spotlight: Kate Fiorucci
We are very excited to spotlight our Human Resources Manager, Kate Fiorucci this month! Kate is not only passionate and deeply invested in HR, but our TGG team members as well. Keep reading to learn more her perception of HR, how it’s evolving in the workplace, and where she believes it’s heading in the future.
The Top 5 Ways to Fight Inflation
Inflation is here and all businesses are dealing with it in one form or another. While there’s not much we can do to stop it, the good news is there are some ways we can re-strategize and make inflation work for us. We’re sharing our top 5 ways to fight inflation so your business can come out on top! Check out our cheat sheet on how much you can increase prices before losing any clients.
Client Spotlight: Alternative Telecom Solutions
Alternative Telecom Solutions (ATS) provides old fashioned service in a high tech world. They are a family-owned company serving the wireless telecommunications industry by sourcing inventory from the top manufacturers and suppliers. Their inventory specifically reflects the demands of wireless infrastructure from antennas to heat shrink, and everything in-between. With their focus on customer service, we wanted to find out more about ATS so we’re excited to shine our Client Spotlight on them! Check out our Q&A with their CEO, Anthony Magro!
7 Ways to Prepare Your Business for a Recession
According to the latest inflation report released by the Bureau of Labor Statistics, inflation soared 9.1% in June 2022. While inflation is showing little signs of slowing down, it’s becoming increasingly likely that the United States is heading for a recession, if not already in one. So how do you prepare your business for a recession so you can weather the storm and maintain your profitability? We asked our team and here is our list of what you can do right now to protect your business.
TGG Team Member Spotlight: Eric Carter
We are excited to spotlight our Director of Product, Eric Carter! He’s the one working behind the scenes at TGG to develop TGG HUB and make sure everything runs seamlessly. Check out our Q&A with Eric!
The Top 3 Mistakes Business Owners Make with Inflation
In a time of high inflation, there are three common mistakes that business owners make according to TGG Founder & CEO, Matt Garret. Are you making them in your business?
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. 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.