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Rock Creek Consulting Group

Brainstorm session
Brainstorming: Harvesting Brilliant Ideas for Your Business
 Brainstorming: Harvesting Brilliant Ideas for Your Business 1000 400 Rock Creek Consulting Group
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Great businesses and projects start with an initial idea. BRAINSTORMING is the process of developing ideas which can be implemented in successful businesses. Occasionally, brilliant ideas can ‘just happen’.  But more often, they are the product of a rigorous process. As accountants, we’re very encouraged when our clients plan their futures because planning increases the…

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Getting the Most from Your Financial Statements
 Getting the Most from Your Financial Statements 1000 400 Rock Creek Consulting Group
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What Best Practices should you follow when conducting a Financial Review to ensure your decision-making is based on a thorough understanding of your business? This article provides pointers to help you get the most out of your Financial Statements. Traditional financial statements, like the Balance Sheet, Profit & Loss, and Income Statement have been around…

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Business owner
What Is Your Business Worth? (And Why It Matters)
 What Is Your Business Worth? (And Why It Matters) 1000 400 Rock Creek Consulting Group
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Building a business can be a long, challenging process. One way to assess how you are doing is to VALUE your business… and then try to grow that valuation. This keeps management on track and is interesting to sellers, investors or lenders. In this article, we look at how to go about valuing your business.…

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Managing Cash Flow Through Scenario Planning
 Managing Cash Flow Through Scenario Planning 1000 400 Rock Creek Consulting Group
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In an uncertain business environment, staying on top of future cash needs is challenging… but essential. Scenario planning is one way to reduce risk and overcome uncertainties.   What is scenario planning? A scenario is what we think might happen in the future based on certain assumptions. For example, we may ASSUME it will rain…

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Using Human Resource Data to Support Business Decisions
 Using Human Resource Data to Support Business Decisions 1000 400 Rock Creek Consulting Group
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Employees play a critical role in the success or failure of a company. Not surprisingly, management tries to create a positive environment for the team. Some leaders say they can ‘feel’ when things are stable, energized, motivation is high and productivity is good. There’s value in these ‘feelings’… but what does the data say? Let’s…

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People Sales Transaction
When is the Right Time to Sell Your Business?
 When is the Right Time to Sell Your Business? 1000 400 Rock Creek Consulting Group
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When is the right time to sell your business? We hear replies ranging from “I don’t plan to sell my business” to “I’d sell it yesterday if I could!” One certainty is that EVERY business will experience a major change in ownership… eventually. It’s just a matter of time. People don’t live forever. Companies, trusts…

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Sales Tax – The next tax reform
 Sales Tax – The next tax reform 1024 683 Rock Creek Consulting Group
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You know how you can buy something online and not pay sales tax? Well, that may become a thing of the past because on Friday, the Supreme court announced that it would consider to hear a case which would cause retailers to collect sales tax in states that impose it. This all started in 1992 with…

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How your small business can afford a Chief Financial Officer (CFO)
 How your small business can afford a Chief Financial Officer (CFO) 1024 683 Rock Creek Consulting Group
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As a small business owner, you may never have thought of hiring a Chief Financial Officer (CFO). You may have a Bookkeeper and/or a CPA who files your taxes, but when is it time to hire a CFO and how can you afford it? When your business experiences rapid growth, if you are not getting the information you…

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Why you should hire a QuickBooks Certified ProAdvisor
 Why you should hire a QuickBooks Certified ProAdvisor 1024 508 Rock Creek Consulting Group
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You may be wondering “what the heck is a QuickBooks Certified ProAdvisor?”  Sounds like someone who may know a thing or two about QuickBooks right?  Well, turns out that’s exactly what that means but probably isn’t what you think. A QuickBooks Certified ProAdvisor DOES NOT work for Intuit. A ProAdvisor is NOT someone who is…

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When are meals 100% deductible?
 When are meals 100% deductible? 1024 683 Rock Creek Consulting Group
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When are meals 100% deductible?   In general, you can deduct half of the cost of meals incurred for business purposes. However, did you know that you might be able to deduct 100% for certain types of meal expenses? A 100% deduction for meals is not typical, but there are occasions when you can take…

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