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MCDA Daily
Your daily business tips
Phishing Awareness for Employees: HR’s Role
Cybersecurity threats are no longer just an IT problem—they’re a business-wide concern. Among the most common and damaging threats is phishing: deceptive emails, texts, or messages designed to trick employees into sharing sensitive information, clicking malicious links, or downloading harmful attachments. For HR teams, ensuring employees are prepared and vigilant is critical. Why HR Matters in Phishing Prevention Employees are the first line of defense against phishing attack
Navigating Parental Leave Policies in Small & Medium Businesses
Parental leave can feel like a big challenge for small and medium-sized businesses (SMBs). Limited staff, tight budgets, and the need to keep operations running smoothly can make offering leave seem daunting. But thoughtful parental leave policies aren’t just perks—they’re investments in your team. They show employees that you value their well-being, build loyalty, and strengthen your company culture. Challenges SMBs Face SMBs often face unique hurdles when it comes to parent
How a Sluggish Labor Market Might Affect the Bargaining Power of Job Seekers vs. Employers
The labor market is showing signs of slowing. Recent data indicates hiring was down nearly 6% year-over-year in October, with payrolls rising modestly by around 40,000. This slower pace of job growth has important implications—not just for HR professionals and employers, but for job seekers navigating their career paths. The Shift in Bargaining Power In a robust labor market, job seekers often have the upper hand. High demand for talent allows candidates to negotiate higher s
What Your Financial Statements Are Trying to Tell You
A practical guide to understanding your business’s most powerful storytellers. For many business owners, freelancers, or even curious...
Jul 153 min read
How to Spot Financial Red Flags Before They Blow Up
In business, a few overlooked financial warning signs can quickly escalate into full-blown crises. The difference between weathering a...
Jul 143 min read
The Hidden Financial Costs of Founder Burnout
Running your own business is one of the most rewarding things you can do — but let’s be honest: it’s also exhausting. Long hours,...
Jul 103 min read
Your Accountant Shouldn't Just File Taxes—They Should Think Like a Partner
For many small business owners, accountants are often seen through a narrow lens—primarily as tax preparers. But in today’s fast-moving...
Jul 93 min read
AI in Accounting: What It Means for Your Small Business
Artificial Intelligence (AI) is transforming the business landscape, and accounting is no exception. For small businesses, the...
Jul 83 min read
Managing Vendor Relationships Through Smart Accounts Payable Practices
Introduction Strong vendor relationships are more than just good business etiquette—they’re a strategic asset. In today’s competitive...
Jul 23 min read
Maximizing Cash Flow: Strategic Ways to Improve Accounts Receivable Operations
Introduction In today’s dynamic economic climate, maintaining healthy cash flow is not just a financial goal—it's a survival imperative....
Jul 13 min read
Red Flags in AR and AP That Could Signal Financial Trouble
Accounts Receivable (AR) and Accounts Payable (AP) may not be the flashiest parts of your financials, but they’re often the most telling....
Jun 273 min read
Understanding Payroll Compliance: What Every Employer Needs to Know
For many employers, payroll is just another line item—an essential but routine part of running a business. But beneath the surface of...
Jun 253 min read
How to Use Your Income Statement to Drive Business Growth
The income statement—also known as the profit and loss (P&L) statement—is often viewed as a snapshot of a business’s financial...
Jun 243 min read
Is Your Accounts Payable Process Hurting Your Vendor Relationships?
Your business depends on strong vendor relationships—whether it's suppliers, contractors, or service providers, these partnerships play a...
Jun 203 min read
Invoice Like a Pro: How to Get Paid Faster
For many small businesses, freelancers, and service providers, cash flow isn’t just important—it’s vital. And one of the most overlooked...
Jun 183 min read
Common IRS Red Flags: How to Avoid a Business Tax Audit
Tax season is rarely a favorite time for business owners, and one of the primary concerns—aside from paying what’s owed—is avoiding an...
Jun 173 min read
Should You Outsource Payroll? Here’s When It Makes Sense
Managing payroll isn’t just about cutting checks—it involves taxes, compliance, benefits, and strict deadlines. For many small and...
Jun 133 min read
Why DIY Bookkeeping Is Costing You More Than You Think
As small businesses strive to cut expenses and maintain lean operations, many owners turn to do-it-yourself (DIY) bookkeeping as a way to...
Jun 123 min read
Bookkeeping vs. Accounting: What’s the Difference — and Why It Matters
When you're running a business, especially a small one, terms like bookkeeping and accounting often get used interchangeably. But while...
Jun 102 min read
Understanding Profit Margins: Are You Charging Enough?
For many business owners and entrepreneurs, one of the most critical questions—and challenges—is whether their pricing strategy truly...
Jun 53 min read
Saving on Taxes: Essential Tips for Small Businesses
As a small business owner, one of the most important aspects of managing your company is ensuring you’re on top of your tax...
May 264 min read
Why Accurate Financial Reporting Matters (More Than You Think)
In business, clarity is power — and nowhere is that more evident than in financial reporting. While many see financial statements as...
May 163 min read
Common Bookkeeping Mistakes and How to Avoid Them
Effective bookkeeping is the backbone of any successful business. However, even seasoned entrepreneurs can fall into common traps that...
Apr 233 min read
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