Zinner & Co. Blog and Newsroom

Ask the Expert: As a sitting board member of an organization, can I be personally liable for the actions of the entity?

Posted by Zinner & Co. Audit and Assurance Team on Jul 16, 2019 5:37:00 AM

Q: As a sitting board member of an organization, can I be personally liable for the actions of the entity? 

In a word, yes.

As a member of the board of directors, you assume certain fiduciary responsibilities.

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Topics: Audit and Assurance Department, Business - Management, Issues & Concerns

9 Tips to Make Your Business More Salable

Posted by Zinner & Co. on Jul 9, 2019 6:07:00 AM

You’ve put your blood, sweat and tears into creating and building a business, but at some point it will be time to think about how to sell it and move onto the next phase of your life. A key consideration for what the “next phase of life” looks like is often dependent upon how much your business is worth.

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Topics: business succession, management advisory, Business - Management, Issues & Concerns

10 Tips to Avoid Business Owner Burnout

Posted by Zinner & Co. on Jul 2, 2019 7:18:00 AM

If you are burning the candle at both ends, sooner or later it’s going to catch up with you. That’s reality. No matter how passionate you are about your business, no matter your level of drive to succeed, if you push too hard for too long you will experience burnout.

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Topics: Ohio business owners, Business - Management, Issues & Concerns, start ups

5 Key Metrics You Should be Monitoring in Your Professional Services Business

Posted by Zinner & Co. on Jun 11, 2019 9:35:00 AM

Running a professional services firm requires a steady hand a keen eye. You have to be able to implement changes on the ground in real-time.

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Topics: Business - Management, Issues & Concerns, Productivity

The Pros and Cons of Selling to Employee(s)

Posted by Zinner & Co. on May 28, 2019 6:44:00 AM

If you’re planning on selling your business, one potential market is your current employees. They understand the business and how it runs. They have some sense of the value, or potential value of the business. But before you offer to sell to your employees, you should know the pros and cons of taking that route.

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Topics: transaction advisory, Business - Management, Issues & Concerns, SMB

10 Cash Flow Killers that Crush Small Companies

Posted by Zinner & Co. on May 14, 2019 8:26:00 AM

Cash is the lifeblood of any small business. With sufficient cash flow you’re more nimble and have greater freedom. Without it, you’re a captive to covering your next payroll.

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Topics: financial planning, Business - Management, Issues & Concerns, Operations

5 Efficiency Tools You Should Evaluate

Posted by Zinner & Co. on May 7, 2019 5:17:00 AM

Do you ever feel like there aren’t enough hours in the day? Do large, important tasks get waylaid by frequent, trivial disruptions? You’re not alone!

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Topics: Business - Management, Issues & Concerns, Productivity

What We’re Reading (Part 2)

Posted by Zinner & Co. on Apr 30, 2019 6:48:00 AM

Earlier in the year, we shared a list of business-related books we enjoyed reading and in which we found great value. It was very well received, so we thought we’d share more of our favorites.

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Topics: Business - Management, Issues & Concerns, Productivity

10 Keys for a Faster Year-End Close

Posted by Richard Huszai, CPA on Mar 12, 2019 11:19:00 AM

Depending on whether your organization is on a calendar or fiscal year, you may have just gone through a year-end close, or you’re looking forward to one (using the phrase “looking forward to” very loosely.) Do you find the year-end closing process to be an arduous ordeal or a series of sure, predictable events? What if I told you could make year-end closings faster and easier?

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Topics: accounting, Business - Management, Issues & Concerns, account systems

Board Member's Responsibilities with Financial Operations - Board Members' Series - (Part 4)

Posted by Simon Smucker, CPA on Feb 14, 2019 5:41:00 AM

Part 4 of a 5 Part Series

Not-for-profit boards have an important role in reviewing and approving the financial reports of the organization. In order to effectively evaluate the organization’s activities, plan for the future, and make decisions, financial reports are almost always on the agenda at board meetings.

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Topics: Audit and Assurance Department, non-profits, non-profit reporting, management advisory, Business - Management, Issues & Concerns

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