Many companies transitioned to a remote work environment during the COVID-19 pandemic. As the nation steadily reopened, those businesses are now deciding whether to make operating in a virtual environment a permanent reality. …

An effective, aligned team can make or break a business. Most of the time, business owners recognize this truth and understand the importance of a group of people coming together to work toward a common goal. …

Production metrics are extremely valuable key performance indicators, in that they provide important information about your operations. …

Since the launch of Summit CPA in 2002, we have experimented with different billing models to help generate sustainable sources of income. We eventually landed on developing recurring revenue streams to increase our firm’s financial stability. However, this particular method of revenue generation was not incorporated into our first billing…

At Summit CPA, we believe distributed or fully remote teams that wish to accomplish short and long-term objectives should budget for at least one annual retreat. We suggest going so far as to forecast your retreats so that you can cover this important expense. …

Overhead expenses can seem like a series of very indistinct line items on your financial statement as they often include indirect costs associated with your business’s operations. These expenses can range from software subscriptions and postage, to lease payments and utility fees. Because these costs can easily hide in plain…

Hiring a reliable, adept team is crucial to the success of a firm, which is why establishing an equally robust hiring process is imperative. Your hiring process significantly impacts the type of talent you attract to your organization, as well as the time and resources it takes to hire a…

As an accounting firm that works with digital marketing agencies, we are well aware of the different factors and actions that can contribute to these agencies reducing the amount of taxes they owe. We begin our tax preparation services for clients early. During that process, we use forecasting as a…

Many business owners, especially those of digital agencies and startups, feel they could use the services of a CFO but lack the resources to add one to their payroll on a full-time basis. …