Read below for a clear explanation of an income statement vs. a statement of operations.
As a business owner, you need a clear understanding of working capital and how it applies to your company’s financial situation. We’re here to explain everything you need to know about this key financial metric and its helpful applications for your company.
What is an exit plan? It’s a question any business owner should be able to answer. Below is a quick and simple definition.
Navigating the complex world of business finance requires a deep understanding of financial ratios. These ratios serve as vital indicators, providing insights into various aspects of a company’s financial health and performance.
This detailed guide teaches you everything you need to know about a specific form of cash flow — Free Cash Flow (FCF). Read below for a helpful definition, tips for financial stability, and more.
Financial analysis delves into a company’s viability, stability, and profitability. The process is something like a health check-up for businesses — you examine your company’s financial statements the way a doctor looks at vital signs.
In this detailed guide, we’ll show you how to improve cash flow and get you acquainted with our unique strategy for maximizing your long-term profits and keeping your business stable and healthy.
Running a business and handling company finances can be a challenge, but knowing how to measure, predict, and modify your cash flow makes your work easier. In this guide, we’ll answer common questions about cash flow, show you why it matters for your business, and help you accurately predict yours.
Read below to learn everything you need to know about accurately predicting your cash flow and how our expertise in business finance consulting can be a game-changing asset for your business.
TGG’s CEO, Matt, weighed in on the current situation and offered some helpful advice for any company in any industry.
Discover the significant benefits of hiring an Accounting Manager for your business. Learn how TGG Accounting’s outsourced services can drive growth and profitability.
Discover how to hire an Accounting Manager for your business. Learn the benefits of outsourcing this vital role to TGG Accounting for financial success.
Discover how a Finance Director can benefit your business with strategic insights, risk management, and growth planning. Explore TGG’s outsourced solutions.
Find out when to hire a financial controller for your business. Learn about the benefits of having a financial expert on board to manage finances, reduce risk & achieve business goals.
Discover expert tips for hiring a financial controller. Find the right fit for your business with our help at TGG Accounting.
Maximize profits, minimize risk & make informed financial decisions. Learn how a CFO can benefit your business & take it to the next level.
How much an accountant costs can vary depending on the type of work and your business’s needs. Learn more about the cost to hire an accountant with TGG.
The right accounting company will improve your business outcomes and lead to greater success. Here’s what to look for when hiring an accounting company.
For many small business owners, accounting is like a foreign language. Good accountants are the effective translators between business leadership teams and your financial data. Your financials are not just a report card on the health of your business, but a communication & accountability tool. At TGG, our goal is to be your partner and translate the financial data in a clear, concise and meaningful way that allows you to reach your goals.
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.
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.
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?
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.
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!
Equity equals ownership. How do you determine the owner’s equity in a business? We share a simple equation that you can use today.
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.
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!
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.
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.
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.