5 Ways to Cut Costs
and Improve Cash Flow
business owners start to feel the choking effect of a slow
cash flow, they often blame their customers.
"Why aren't we getting paid on
time?!" But it's important to remember that cash flow is
affected by a variety of elements.
For example: Operating expenses and overhead can have a
significant impact. Here are five often-missed ways to cut
costs and improve cash flow:
Review your rent or mortgage. Can you negotiate a
lower rent with your landlord or refinance your mortgage? Also
look into whether you may not need as much office space if
you've begun to allow many employees to telecommute.
Implement energy efficiency improvements. You'd be
surprised by how much of a difference little changes can make
to lower your utility bills. For example, draw the shades in
the summer and adjust the thermostat a few degrees. Or look
into whether it's time to make an upfront investment in better
windows or HVAC equipment.
Take a close look at travel and entertainment expenses.
Can you pare these down by conducting more meetings via
teleconferencing or using a Web-based application? Can you cut
back on expensive meals and, if applicable, sports and concert
tickets for clients? Clearly, you don't want to diminish
relationships with clients and vendors by cutting back too
much. But there may be ways to save.
Slow down shipping expenses. Employees often send
packages overnight when two- or three-day shipping would
suffice. Establish or re-establish clear policies. In
addition, you might be able to find some lower cost shipping
arrangements by comparing providers.
Give us a call. We'd be happy to take a
comprehensive look at your company's expenses and assess how
they're affecting your cash flow. Most likely, we can make
some strong money-saving recommendations. Call us at
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
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Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
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STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,