In small and mid-sized businesses, most important decisions aren’t made through detailed analysis or complex models. They’re governed by heuristics. Heuristics are rules of thumb that feel reasonable and worked in the past. They simplify complexity so decisions can happen quickly. You see them everywhere: These heuristics are not foolish. They exist for a reason….
In the dynamic world of business, the creative tension between the entrepreneurial spirit of a CEO and the risk management acumen of a CFO often becomes a powerful force driving companies toward success. Rather than being a source of friction, this creative conflict creates a synergy greater than the sum of its parts, propelling organizations…
Management bears the responsibility of generating precise and complete financial statements with accompanying footnotes for their audit team. However, this task doesn’t need to be undertaken alone. The Primetrics accounting team is available to assist with process clean-up, to prepare you for your audit. Imagine this scenario: It’s audit season, and your business is about…
In today’s economic landscape, small businesses face various challenges with one key hurdle being rising interest rates. As rates increase, small business owners must adapt their financial strategies to maintain stability and further long-term success. In this blog post, we will explore the implications of rising interest rates on small businesses and discuss key strategies…
Updated:Apr 14, 2023 As a business owner, you likely have multiple banking relationships to manage. While it may seem tedious, it’s essential to consider your banking relationships and understand the risks and benefits associated with each one. We’ll discuss some important factors to consider when evaluating your banking relationships. FDIC Insurance Limits First and foremost,…
Our Primetrics team attended the 2022 AICPA Engage conference this month. While there, we received an update from J.P. Morgan. JPM believes the Federal Benchmark Interest Rate will hit 3.26% by late 2023, up from 1.75% set on June 15th, then predicts it will fall slightly by mid-2024. This increase is substantial, so it is…