How Schools Can Increase Cash Flow in the Face of a Growing Funding Gap
The funding gap for Indiana’s public schools is now larger than lawmakers originally predicted. In fact, the gap has more than doubled. Current estimates exceed $22 million despite initial reports estimating $9 million, according to a recent article in Indy Star. If enrollment trends continue, the following year’s budget will be even worse. A recent […]
The Cost Reduction Strategy You Need for A Healthier Bottom Line
If your organization isn’t one of the 70 percent of U.S. companies providing an employee wellness program, you’re missing out on significant bottom line cost savings. More than that, you could also be missing out on recruiting and retaining top talent, and on creating a more engaged and productive workforce. A recent study by the […]
Will recent tax legislation impact future donations to non-profits?
Since added to the U.S. tax code in 1917, charitable deductions in annual tax filings have incentivized Americans to donate to non-profit organizations. Individual donations of cash and goods to non-profits comprise a substantial amount of income today for not-for-profits. A recent article by the Indianapolis Business Journal asked, “Will Americans decrease the amount of […]
Cost Reduction Initiatives Ranked Top CFO Priority
Cost reduction tops the list of priorities for healthcare CFOs in 2018, according to a recent survey by Kaufman Hall. Close to 30 percent of senior finance executives cite “identifying and managing cost-reduction initiatives” as the most critical performance management function. The survey, which featured responses from senior finance executives from more than 350 hospitals, […]
Industry Focus | Restaurants
This time of year the restaurant industry typically sees a nice upswing in sales. From corporate holiday parties to extended family dinners, sales usually increase for restaurants near the end of the year. However, like many industries, restaurants experience seasonality throughout the year, which leads to highs and lows in their bookkeeping. The highs of […]
When You Need to Cut Costs Immediately
What happens when your business needs to cut costs…now. Don’t fret – you can work quickly before time runs out! And if you are looking at your books, evaluating your profits (or lack thereof), and wondering if your expenses need to be assessed you’re not alone. But when faced with the issue of needing to […]
Black Friday & Retail Cost Cutting Strategies
With Black Friday barely in our rearview we thought it might be timely to talk about cost reduction strategies related to the retail industry. Most people understand Black Friday as being the day of the year that retailers try to “get back in the black” if they are having a hard year turning a profit. […]
Mobile, Alabama: A Thriving City With Opportunities for Savings
Mobile, Alabama Is a cultural center of the South, with historic architecture, several museums, and professional opera and dance companies. It’s also full of thriving businesses, including a healthcare industry that is strong and growing. Mobile is a major hub for medical care in the Gulf Coast region. Mobile particularly leads the way when it […]
Saving on Propane: What You Need to Know
Does your business use propane? If so, there’s a good chance that you’re paying too much for fuel. With propane, like other fuels, you pay for more than just the product. You also pay delivery charges, storage costs, fuel recovery fees, hazardous materials surcharges, and maintenance. In addition, there’s the cost of your propane tank […]
Expecting the Unexpected: Dealing With Unanticipated Expenses
The eyes of our nation are on Texas and Florida right now as the devastation of Hurricane Harvey and Hurricane Irma continues to grow. Of course, the primary concern on our minds is the safety of all affected by this tragedy. However, as the area rebuilds, there will be far-reaching effects felt by both businesses […]