Author: Matthew Austin
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Succession Planning: It’s Better to Start Early
January 17th, 2023
I have worked with a number of business owners over my career who have decided to sell their company. As a result, I have had the opportunity to learn firsthand their reasons for selling. Some of the reasons are what you might expect: Financial prosperity: “I received an offer that I couldn’t possibly turn down.” […]
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Is the Next Generation Ready to Take Over Your Family Business?
January 9th, 2023
We are firmly entering the second half of the wave of Baby Boomers reaching traditional retirement age. Both family and non-family owned businesses are facing the inevitable reality that their next generation employees will be taking on more leadership responsibilities. But as the next generation begins to take over, the big question is, how ready […]
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The Top 5 Blog Posts of 2022
December 27th, 2022
In total, we published 37 blog posts in 2022. While we received positive feedback throughout the year, a few posts were particularly popular with our readers. Here are the top five posts from the Center for Private Company Excellence blog in 2022: 1. LIBOR is Finally Going Away. Here’s What You Need to Know […]
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Vinita Weir Contributes Post on Why You Should Consider a Chartered Accountant Staffing Solution For PICPA's CPA Now Blog
December 2nd, 2022
Vinita Weir, Manager, Audit & Accounting, recently co-authored a post with Matthew Wheatley, Founder of Veritrove, on why you should consider a chartered accountant staffing solution for PICPA's CPA Now blog. With two-fifths of current U.S. CPAs being baby boomers (roughly ages 58 to 75), a great wave of retirements is getting underway. Combine this with the […]
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Why Setting the Tone at the Top is Crucial to Your Organization
November 29th, 2022
The Sarbanes-Oxley Act of 2022 popularized the term “tone at the top.” It references the attitude of an organization’s senior leadership and those charged with governance (typically the Board of Directors) towards ethical conduct and their level of commitment to having an open, honest and ethical culture. Integrity starts from the top and helps to […]
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4 Tips to Consider When Preparing for Your Single Audit
November 28th, 2022
Amanda Martino, Senior Accountant, Audit & Accounting “Single audits aren’t so bad” is a phrase we rarely hear. But why do single audits have such a stigma and how can we work together to change that? This type of engagement tends to have a laundry list of procedures, requests, and requirements associated with it. Below […]
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Where Do We Go from Here? Try Looking in the Rearview Mirror
November 15th, 2022
Change comes in all shapes and sizes—from slow and steady to sudden and seismic. While most leaders would prefer the former, we have seen a few of the latter over the past 25 years, including the internet boom of the late 1990s, the financial crisis of 2007-2008 and the COVID pandemic. The internet boom heralded […]
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Optimize Your Capital Structure to Maximize Your Return on Equity
October 26th, 2022
Every business needs to spend money to run, survive, and thrive. However, how companies obtain financing to fund those expenditures can vary significantly, with some relying entirely on owner financing to those that lean heavily on debt financing. In our experience, many business owners are often hesitant to utilize debt and, even when they do, […]
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Is Building Your Personal Balance Sheet Part of Your Business Strategy?
October 20th, 2022
One of the important issues we see with private company owners is that they have such an intense focus on building their companies, they don’t think about their own personal balance sheet. All too often, we have seen cases where an owner reaches retirement age and has not built a significant asset pool outside of […]
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Should Businesses Still Pursue Growth Opportunities Amid Rising Interest Rates?
October 4th, 2022
The Federal Reserve’s recent decision to increase interest rates by 0.75 percentage points, for the third time this year, is a step taken to cool down the economy and lower inflation. However, this hike in rates may make some small business owners question whether to pursue opportunities for growth as the cost of borrowing continues […]