If you’ve ever tried to pull a financial report and ended up with numbers that just didn’t make sense? Revenue in the wrong category, expenses that seem to appear from nowhere or totals that don’t tell you anything useful....... More »
Manufacturing and fabrication companies face constant external pressure from volatile energy and raw materials costs, low-cost products from overseas, fluctuations in the economy and consumer spending, and government regulation. And these pressures are only exacerbated by the internal stresses...... More »
Tim McManamon is the founding director of McManamon & Co. and has more than 40 years of experience providing individuals and closely held companies with personalized accounting assistance. He is an experienced business valuation professional, and his valuation expertise...... More »
You open the mail, see the return address, and your stomach drops. It’s a letter from the IRS. Before you let your mind race to audits, penalties and worst-case scenarios, take a breath. The encouraging reality is that most...... More »
Shrinking revenues. Rising costs. Evolving Medicare/Medicaid programs. Regulatory compliance. Information security. Access to capital. These are just some of the myriad challenges healthcare organizations deal with on a daily basis. McManamon & Co. combines a deep knowledge of the...... More »
We all know the tax deadlines well ahead of time. They’re no secret. But it’s still easier than you’d think to miss them. The good news? Missing a tax deadline is not the end of the world. The not-so-good...... More »
Managing the growing risks and complexities of the construction industry is an ongoing challenge. To be successful, you need a partner who can help you tackle these challenges so you can reach your profitability and volume goals. McManamon &...... More »
Artificial intelligence is everywhere right now: in your inbox, your smartphone, your customer service interactions … and increasingly, your accounting software. The promises can be bold. AI will eliminate manual data entry, catch fraud instantly, close the books in...... More »
Few phrases stop business owners in their tracks quite like “IRS audit.” OK. The mental image that follows — agents at the door, years of records under a microscope, the business at risk — is usually more dramatic than...... More »
For decades, sales tax compliance was relatively straightforward: If your business didn’t have a physical presence in a state, you generally didn’t have to collect that state’s sales tax. The advent of e-commerce blurred a lot of lines, however,...... More »