Business
July 7, 2019

Accounting Recipe for Restaurants

By Gary Hewamadduma ACMA, CPA, CGMA, MBA, B.Sc.(Hons) in Computer Engineering Finding the right formula for revenue, cost of goods sales (COGS), labor costs, promotional giveaways, controllable overheads and non-controllable…
Business
May 4, 2019

Invoice Factoring

By Gary Hewamadduma ACMA, CPA, CGMA, MBA, B.Sc.(Hons) in Computer Engineering   Invoice factoring (AKA; invoice discounting, debtor financing, receivables factoring) is a great option for companies that need to…
Business
April 28, 2019

83(b) Election – Trick or Treat?

By Gary Hewamadduma ACMA, CPA, CGMA, MBA, B.Sc.(Hons) in Computer Engineering   You are a founder of a company or a member of the founding team of employees. Company has…
Business
April 22, 2019

Should I issue 1099s for my payments?

By Gary Hewamadduma ACMA, CPA, CGMA, MBA, B.Sc.(Hons) in Computer Engineering   All businesses have goods and services vendors. IRS mandates that all service-related vendor payments be reported on a…
Security
March 24, 2019

Data Security – The reality check

First off, the intention of this article is not to discuss the technical aspects of data security, but to touch on the perceptions of security, when it comes to remotely…
Office
February 27, 2019

‘Office’ as we know it has already changed

Up until the new millennium, having your own office room or a corner office was considered a success in your career. The people in the ‘cubicles’ were eager to get…
Processes
February 20, 2019

Streamline your Accounts Payable process

Payments ‘going out’ of a business are never fun, both in terms of work involved around it and emotionally for a business owner. In an old school conventional office setting,…
HR
December 24, 2018

Contractor VS Employee

If you are managing a business, cost savings are a top priority. When it comes to cost savings, labor expenses is probably at the top of the list. With ‘labor…
Business
June 28, 2018

The 10 Most Important Lessons Learned from Selling Over 100 Companies

by Brian Flynn and Dimitri Steinberg, FounderPartners The two of us have sold over 100 businesses over the past 25+ years and we’ve learned many important lessons along the way. We’ve played…