Posts by Chris Roush, CPA, Principal:
Is the Price Right?
February 23rd, 2012Could you be charging more for your products or services? Every smart business owner is continually analyzing people costs and product and market profitability. Read the rest of this entry “
Got GAAP? Private Companies Asked to Comment on National Financial Reporting Standards
December 6th, 2011Private companies have a once in a lifetime opportunity to express their concerns to standards setters that private company financial reporting is far different from publicly traded ones – and as a result financial reporting standards should be created and governed by an independent private company board. Read the rest of this entry “
Starting a Business? Tips to Managing Your Credit
August 8th, 2011Developing a credit record for your business that is separate from your personal credit record is important as your business grows. It can lead to lower rates on loans and leases as well as protect your personal credit record. The Better Business Bureau offers these tips to establishing business credit. Read the rest of this entry “
How can accounting standards be improved for privately held businesses?
September 24th, 2010At Rea & Associates, we believe some elements of Generally Accepted Accounting Principles, or GAAP, create an excessive burden for closely held businesses and the accounting firms that serve them. Although GAAP principles work well for publicly-traded businesses, financial reporting requirements as a result of some of the principles take a great deal of time to prepare and result in additional accounting expenses for our clients – without providing any benefit to the businesses or those who use the financial information. Read the rest of this entry “
