Blog Page
Craig L Elggren, CPA’s C Corp Pros and Cons
Before I dive into discussing the pros and cons of a C corp, I briefly want to touch on some other things relevant to you as a Phoenix Metro small business owner.Recession. The threat of it hangs in the air like a midwest thunderstorm. And as you anticipate it,...
Changing Your Phoenix Metro Business Structure – A Savings Opportunity?
Prepare, prepare, prepare. As a recession is bearing down on us all, figuring out how to prepare for economic downturns is something you should be concerned with in your Phoenix Metro business. I know I am.Now, while you and I can’t prepare for every eventuality, we...
A Cutting Expenses How-to for Phoenix Metro Businesses
As a small business owner, you’re battling on a lot of different fronts right now. You’re doing your best to keep employees happy, raise prices without driving away customers, pivot to alternative supply options as your current ones dry up, adjust for changing...
Vendor Negotiation Tips for Phoenix Metro Business Owners
Is your hustle muscle feeling strong right now? I hope so because if your business is going to make it moving forward, it’s going to have to be – at least for somebody on your business team. This inflationary environment virtually demands it (as does a likely...
The Art of Raising Prices for Phoenix Metro Small Businesses
The unfortunate reality of things right now is that businesses across the board might need to raise their prices. Inflation’s increasingly pervasive effects, as well as continued supply shortages, demand that pricing models change – or at least be...
Raises and Inflation: Phoenix Metro Business Owners, Listen Up
Everywhere I turn there’s a Phoenix Metro business with a “Now Hiring” sign in the window. Are you seeing this too? Staffing is an issue in every industry across the country. Part of that? Making money isn’t the only reason people want a job. 2020 certainly...
Craig L Elggren, CPA PC’s Fighting Inflation Series: Taking Out a Business Loan
Today I want to start a series on how small businesses like yours can fight inflation. Because I know that’s one of the top concerns for businesses across the country right now. But I’d also like to know…How’s your business faring? I’m genuinely interested in how...
Alleviating Cash Flow Management Pains for Phoenix Metro Businesses
[1] Because we’re talking cash flow management today… with a recession looming on the horizon and the effects of inflation being felt so hard in everyday life, it’s difficult not to freak out over what lies ahead for your Phoenix Metro small...
The Word on Payment Methods for Phoenix Metro Businesses
…payment methods!Try to come up with one thing that’s more important to your Phoenix Metro business than taking in revenue smoothly. Yeah, I couldn’t, either.And making sure that revenue is coming in becomes almost an obsession when you’re feeling the squeeze of...
Why Should Phoenix Metro Businesses Care About FASB and GAAP?
Yes, inflation isn't slowing down, even here in Phoenix Metro.Though it's not the main thing I'll be writing about today, I did want to point out this economic elephant in the room for my Maricopa County business owner readers and clients, and not just...
An Accounting Methods Rundown for Phoenix Metro Businesses
Before I get into accounting methods basics today (a subject near to my heart) ... I hope you were able to get in on some Memorial Day activities this past weekend (though I know some Phoenix Metro business owners are in the thick of things during this commemorative...
Craig L Elggren, CPA PC’s Guide to the Profit and Loss Statement
As a small business owner, you’re often preoccupied with all the things that go into running your Phoenix Metro business – the daily logistics, managing employee workflow, paying the bills, bringing in more customers… making a profit. Let’s focus on that last...