Transaction Readiness: Preparing Today to be Your Best Tomorrow
Selling your business can be overwhelming, but preparation is key. Much like prepping a home for sale, businesses need to ensure their financials and future growth plans are in order. In this post, we outline five steps to fast-track transaction readiness, from organizing three years of financials to building a 12–36 month financial plan. Don’t wait until it’s too late—prepare now to maximize value when that buyer comes knocking.
The Path to Growth: Your Financial Game Plan
Without a clear financial game plan, growing your business is like climbing a mountain without water. Start by assessing your current financial position, considering revenue, margins, and cash flow. From there, define your desired position, set measurable goals, and determine the resources needed to achieve them. Don’t forget to bring in your team for input and alignment. At Inflammo, we help businesses develop robust financial strategies to accelerate growth and success. Ready to start your plan?
The War for Talent: It's Time to Capture the Heart
In today’s competitive talent landscape, your best recruitment strategy may be employee retention. Dr. Jim Harris’ five principles, including Capture the Heart, remind us that empathy is essential to engaging and retaining your team. By fostering open communication, creating partnerships, and driving learning, you can build a culture where employees feel valued. Empathy, especially through tools like the Enneagram, helps leaders understand their team’s perspectives, making it possible to retain top talent.
When the Macro Calls for the Micro
Inflammo is expanding beyond accounting and finance services, offering leadership development and employee coaching. As the workplace evolves, businesses must prioritize both the numbers and their people. We want to help companies foster employee well-being, retain top talent, and create meaningful growth by emphasizing empathy, emotional intelligence, and connection. By focusing on both the macro (business environment shifts) and the micro (people and relationships), we hope to accelerate team and leadership growth, paving the way for success.
Highlights from the PPP Flexibility Act
The Paycheck Protection Program Flexibility Act introduces vital updates for PPP borrowers, including extended loan forgiveness periods, adjustments to payroll vs. non-payroll cost ratios, and new safe harbors for wage and FTE reductions. The Act also provides flexibility for loan repayment and payroll tax deferrals. These changes aim to help businesses navigate financial challenges during COVID-19 recovery. Learn more about how these updates could benefit your organization.
PPP Process - The Latest & Greatest
With the Paycheck Protection Program (PPP) process still awaiting final guidance, it’s crucial for loan recipients to start planning now for loan forgiveness. From contacting your lender for guidance to tracking your payroll costs and full-time equivalents (FTEs), proper preparation will help maximize the forgivable portion of your PPP loan. This post covers key steps and tips for ensuring your business meets the requirements for loan forgiveness, plus advice for those awaiting Round 2 of PPP funding.”
PPP Funding - Where Things Stand
With the signing of the CARES Act, the Paycheck Protection Program (PPP) is open for applications. Inflammo provides a step-by-step guide to help businesses navigate the process, gather necessary payroll information, and prepare applications. Learn how to ensure compliance, work with financial institutions, and optimize your PPP loan application for success.
606 & 842 – Why These Numbers Should Have Your Attention
Private companies using accrual accounting must prepare for two key accounting standards: ASC 606 for revenue recognition and ASC 842 for lease accounting. ASC 606 impacts how companies recognize revenue, especially in industries like healthcare and SaaS. ASC 842 requires companies to report operating leases as liabilities on the balance sheet, increasing financial transparency. Both standards have significant implications for private companies and require careful attention to compliance.
New Year, New You, and a New Financial Game Plan for Your Business
As we welcome 2019, it’s the perfect time to prioritize your business’s financial game plan for the next 12-36 months. Success requires preparation, and by assessing your current financial position, defining future goals, and determining the resources needed, you can set the stage for growth. Use this guide to build a roadmap for revenue, employee development, and financial health, ensuring that your company is positioned for success in the years ahead.
Spring Cleaning for Your Business
Spring is here, and it’s the perfect time to refresh not only your home but also your business! From prepping for tax day to revisiting your budget and trimming unnecessary expenses, this blog offers four key tips for spring cleaning your business finances. Get ready to tidy up and set your business on the right path for the rest of the year!