Based in Lawrenceville, GA — Serving Clients Virtually Nationwide
32 articles on business insights.
The Value of Hiring a Financial Advisor Who Stays Ahead of Industry Changes – In today’s fast-paced financial landscape, staying informed about tax laws, regulatory changes, and economic shifts is crucial for business success. Business owners already wear many hats, and keeping up with financi
February 18, 2025 · 2 min read
Tax Blunders and What to Do Next: Avoid Costly Mistakes with MSM Advisors – Running a small business is no small feat, and navigating the complexities of tax regulations can often lead to mistakes that cost both time and money. MSM Advisors specializes in providing small business advisory, tax
November 19, 2024 · 2 min read
Effective Cash Flow Management for Small Businesses in Lawrenceville, GA – Cash flow is the lifeblood of any small business, and managing it effectively can mean the difference between success and failure. At MSM Advisors, we understand that most small companies struggle to envision and reach
October 8, 2024 · 2 min read
When life hands you financial knots—whether it’s an accountant who suddenly passed away or an accounting mess that’s more tangled than a ball of yarn—Mike Moffitt, with over 40 years of experience in public accounting, is the person you need on speed dial.
August 13, 2024 · 2 min read
Harnessing AI as a Tool – Not a Substitute – for Expert Business Financial Advice
July 15, 2024 · 2 min read
Do I Need to Amend My Business Tax Return? – In general, you will need to file an amended return for LLCs, Partnerships, and Corporations if a substantial error was made that will affect what you owe or if there is new and vital information that needs to be included or changed.
June 26, 2024 · 3 min read
Tax season is over, and it’s tempting to shift your focus away from business financials. But it’s a pivotal time to take a (thoughtful) look back at your business’ past “tax year” and start actively planning for next year’s tax season to be a success!
April 16, 2024 · 2 min read
It’s time to give your CPA or tax accountant the information for this year’s tax filing. You can already feel the pressure and tension creeping in and overshadowing the joy of the holiday season. Instead of worrying, use this simple checklist that outlines what your tax accountant or CPA needs.
December 4, 2023 · 3 min read
Attention, Small Business Owners! There's an important announcement you should be aware of. New Reporting Requirement for Beneficial Ownership Information
November 8, 2023 · 3 min read
MSM Advisors utilizes many innovative tools in our tech stack to help our Virtual Chief Financial Officer (CFO) clients and all our business services modules get the support they need to be successful. One of these tools is Bill.com.
July 24, 2019 · 2 min read
How Can You Communicate with Your Clients More Effectively? Being able to interact and talk with clients is essential to good relationships! MSM Advisors.
April 17, 2019 · 3 min read
Individuals are usually asked to be part of a working team because of the expertise and experience they bring to the work. These areas of individual expertise are so important. Yet when you start to work together, you quickly find that communication quickly becomes a very important part of working t
March 20, 2019 · 3 min read
A successful succession plan is the key for businesses that want to continue moving forward. What is succession planning? Get started with MSM Advisors today!
February 19, 2019 · 2 min read
Here are five steps that business owners can take to separate their personal and business finances, building a better and more efficient business.
April 11, 2017 · 3 min read
The accountant’s role within a business is not what it once was. As the times change, businesses change with it, and technological advancements have made a huge impact on the accountant’s role within a business. Here are three key ways that accountants, and the accounting process, have changed in th
April 6, 2017 · 2 min read
As the owner of a business, the size of your paycheck is up to your own discretion. Setting and scaling your salary to facilitate healthy business growth and a healthy lifestyle is an art and a science. Your salary should be determined by many factors including: the amount you need in order to cover
November 2, 2016 · 3 min read
Running a business is extremely time consuming. With so many tasks demanding your attention, it's easy to get lost in the day to day and lose site of the big picture. But setting aside the time to set your financial goals is imperative to success. This post will outline some ways to help you create
October 26, 2016 · 2 min read
An income statement or a profit and loss statement, reports the changes in income and expenses over a period of time, usually monthly, quarterly or yearly. This financial statement is important because it shows the profitability of your business. This post will help you understand the two different
October 24, 2016 · 2 min read
This post will break down expenses that are commonly mistaken as personal expenses, but are actually tax deductible business expenses. Making sure you properly keep track of your business expenses can save you thousands of dollars on taxes. Get organized First you should choose an expense-tracking t
October 17, 2016 · 3 min read
Cloud software allows you to access all of your data anywhere, anytime. With easy to understand interfaces, automated payment systems, and fluidity between accounts, organizing your startup’s money has never been easier. This post will introduce you to some of the more popular cloud accounting solut
October 10, 2016 · 4 min read
Starting your small business can be stressful and overwhelming. These 6 books will help you make sense of your numbers and give you a guide to running your own business. Simple Numbers, Straight Talk. Big Profits! by Greg Crabtree Need help making sense of your numbers? Greg Crabtree applies years o
June 22, 2016 · 3 min read
No one wants to be at the mercy of their accountant, stumbling through financial jargon they barely remember from years at undergrad, but with the title of CPA comes a knowledge of balance sheets and financial statements few of us will ever fully understand. Here are a few things your accountant wil
June 16, 2016 · 2 min read
![[Video] What Advice Does MSM Have for Small Businesses that are Making a Budget?](/_next/image/?url=%2Fblog%2Fvideo-what-advice-does-msm-have-for-small-businesses-that-are-making-a-budget.jpg&w=3840&q=75&dpl=dpl_6uVmEJPj8vHN5jJRDvDpgoiGZxgR)
Contrary to popular belief, budgets should be flexible. They also need to be tailored to fit the company’s structure and industry. For help with budget creation and management, these free online tools can help . Check out our video on effective budgets below:
March 2, 2016 · 1 min read
Choosing the right accounting software for your company can often be a challenging task. Ensure that the software you choose provides the necessary features, is compatible with the cloud, and works well for your industry:
February 29, 2016 · 1 min read
![[Video] Spotting Trends in the Marketplace](/_next/image/?url=%2Fblog%2Fspotting-trends-in-the-marketplace.jpg&w=3840&q=75&dpl=dpl_6uVmEJPj8vHN5jJRDvDpgoiGZxgR)
Small businesses often do not have the resources or experience to recognize upcoming trends and patterns. Trusted advisors specialize in spotting these changes in the marketplace and adapting your small business to the new environment: A trusted advisor has worked with many clients and knows the vit
February 24, 2016 · 1 min read
Developing successful Ecommerce is developing successful brand loyalty. To continue a positive and profitable relationship, it is crucial to know your target market and to cater to their specific needs. Defining Customer Lifetime Value (CLV) A customer making a purchase is great, but the goal is to
February 19, 2016 · 2 min read
![[Video] The Most Common Financial Problems Facing Small Businesses](/_next/image/?url=%2Fblog%2Fvideo-the-most-common-financial-problems-facing-small-businesses.jpg&w=3840&q=75&dpl=dpl_6uVmEJPj8vHN5jJRDvDpgoiGZxgR)
Cash flows are especially difficult for small businesses because they do not have access to the same resources as large companies. Particularly, they do not typically have as much cash on hand. It hits especially hard in companies that sell products. Check out our video below: It's helpful to unders
February 18, 2016 · 1 min read
Invoicing is part of ensuring you get paid for your goods and services, so why is it often overlooked? These simple tips will help your business collect what it has already earned. 1. Automate Your Accounting Software Cloud based accounting softwares (such as Xero) will dramatically simplify the inv
February 9, 2016 · 2 min read
There are myriad ways a business can fail: Maybe an entrepreneur didn't understand his or her customers well enough, there was a breakdown in leadership or there was no set plan for the future. And while all these setbacks are viable threats to a startup, the most fatal blow to any small business is
July 22, 2015 · 3 min read
The Internal Revenue Service (IRS) has the power to review financials and enforce tax laws that govern all American businesses. These official financial examinations are known as audits, and they can be seen as inconvenient, tiresome, and even scary to some business owners due to the possibility of
July 13, 2015 · 3 min read
Employers generally promote the employees who show that they're capable of handling a greater responsibility within the company. But sometimes promotions backfire when the employee fails to live up to expectations. This is known as the Peter Principle. In an article published in the January 1967 iss
June 25, 2015 · 2 min read
You have to know your numbers. This advice from the hit TV show Shark Tank is crucial. Whether it’s your budget numbers, your overall accounting numbers, or your payroll numbers, knowing what you have to work with is important for making smart business decisions and keeping your business afloat. So,
June 1, 2015 · 1 min read
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