
Summit CPA's Virtual Accounting Blog
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At Summit CPA, we offer virtual CFO and 401k audit services to small and medium-size businesses who aren't ready to hire a full-time CFO but can benefit from strong, experience-driven processes. Our mission is to help clients maximize profits, minimize taxes, and build personal wealth.
Summit CPA's Virtual Accounting Blog
2d ago
Digital marketing agencies can refer to different kinds of businesses, including design-dev agencies, advertising agencies, SEO-ppc agencies, as well as product-only ..read more
Summit CPA's Virtual Accounting Blog
2w ago
Like many small businesses, agencies are cyclical. Nobody knows this better than Tom Conlon, Founder and CEO of North Street Creative, a branding and design agency serving a variety of businesses going through moments of business change.   ..read more
Summit CPA's Virtual Accounting Blog
1M ago
Creative Agency Success Show Podcast Episode 143 ..read more
Summit CPA's Virtual Accounting Blog
1M ago
When your days-to-close increase, it’s easy to point a finger at the prospect: Businesses have less cash in the bank, especially now that PPP money has all been spent. They come to sales calls with more stakeholders and take longer to align on solutions. With more cooks in the kitchen, things inevitably slow down ..read more
Summit CPA's Virtual Accounting Blog
1M ago
Creative Agency Success Show Podcast Episode 142 ..read more
Summit CPA's Virtual Accounting Blog
1M ago
One very useful tool for a business is a “breakeven analysis.” What exactly is a breakeven analysis? It’s similar to what you think of it as for your personal finances (bills equal income coming into your household). Your breakeven point is when your business costs equal business income. There are no profits, but there are also no losses. The breakeven point will give you an idea of where your business is and where it can go. Often, businesses are first aiming to breakeven (often for the first year of ownership), then make profit once this point has been hit.
Your breakeven analysis is the fi ..read more
Summit CPA's Virtual Accounting Blog
1M ago
Learning to manage your team effectively is crucial to your success as a business owner. Successfully overseeing team operations helps ensure that your company provides outstanding service to your clients and happy clients often translate into business longevity. Learning how to manage your staff effectively may include implementing different practices, from establishing beneficial communication strategies to regularly checking in on your team to address problems or concerns before they become larger issues. Either way, becoming an excellent manager will allow you to retain your top talent wh ..read more
Summit CPA's Virtual Accounting Blog
1M ago
Creative Agency Success Show Podcast Episode 141 ..read more
Summit CPA's Virtual Accounting Blog
2M ago
Mergers and acquisitions: a situation where you can't be overprepared. With more preparation, you’ll have a more lucrative, smoother M&A process from beginning to end.  ..read more
Summit CPA's Virtual Accounting Blog
2M ago
Is your service-based business experiencing inconsistent cash flow that is hard to forecast? Your accounts receivable days might be to blame. Whether you don’t yet have payment terms or aren’t consistently following up on unpaid invoices, not receiving cash on time can cause unwanted side effects.  ..read more