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MCDA Daily
Your daily business tips
Succession Planning and Ownership Transitions: Preparing for What’s Next
Succession planning and ownership transitions are among the most consequential—and often most deferred—decisions facing business owners. Whether driven by retirement, liquidity needs, leadership development, or unforeseen events, ownership transitions shape a company’s continuity, culture, and long-term value. Yet despite their importance, many organizations delay meaningful planning. The result is frequently a rushed transition, value erosion, or internal disruption at preci
State and Local Tax (SALT) Considerations for Manufacturers
For manufacturers operating in an increasingly complex and competitive environment, state and local tax (SALT) considerations play a critical—yet often underestimated—role in shaping financial performance and strategic decision-making. While federal tax policy tends to attract the most attention, SALT exposure can materially influence site selection, supply-chain structure, cash flow, and long-term growth. Understanding and proactively managing SALT obligations is no longer a
Managing Financial Risk in Volatile Supply Chains
In 2026, supply chain volatility continues to challenge organizations across industries. Geopolitical shifts, fluctuating commodity prices, labor shortages, and technological disruptions have all contributed to an environment where even minor disruptions can ripple through costs, cash flow, and profitability. For finance and operations teams, managing this volatility is no longer optional—it’s essential. Understanding financial risk in supply chains requires both a forward-lo
Why Digital Invoicing Could Improve Your Cash Flow
Modernizing your billing process for faster payments and healthier finances For many small and medium-sized businesses, cash flow is the...
Jul 21, 20253 min read
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 15, 20253 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 14, 20253 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 10, 20253 min read
From Bookkeeper to CFO: Building the Right Financial Team
In every successful business, there comes a point when financial tasks become more complex than simply tracking income and expenses. As...
Jul 7, 20253 min read
Virtual CFO vs. Traditional CFO: What’s the Difference?
As businesses grow in complexity and ambition, so does the need for strong financial leadership. Whether it's managing cash flow,...
Jul 4, 20253 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 1, 20253 min read
The Cost-Benefit of Hiring a Virtual CFO vs. a Full-Time CFO
When your business starts growing—fast or steadily—there comes a point when the numbers get too complex for a bookkeeper or generalist to...
Jun 30, 20253 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 25, 20253 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 24, 20253 min read
What Small Businesses Get Wrong About W-2s and 1099s
For small business owners, few administrative decisions carry as much long-term impact as how you classify the people who work for you....
Jun 23, 20253 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 17, 20253 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 12, 20253 min read
5 Red Flags in Your Financial Statements You Shouldn’t Ignore
Reading your company’s financial statements might not be the most thrilling task—but overlooking the numbers can cost you. Financial...
Jun 11, 20253 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 10, 20252 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 5, 20253 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 26, 20254 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 16, 20253 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 23, 20253 min read
When and How to Hire a Fractional CFO
For many small and mid-sized businesses, the idea of hiring a full-time Chief Financial Officer (CFO) can feel like a distant...
Apr 18, 20253 min read
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