With cryptocurrency moving into the mainstream, many small business owners want to know if it's time to accept it as a form of payment. Major retailers like Starbucks, Nordstrom, and Whole Foods already accept Bitcoin. Gamers on Microsoft and Twitch conduct...
Towne News
Cost Cutting Measures to Reduce Spending on Accounting
Business Advice, Economics, Towne News
The outbreak of the novel coronavirus and the shutdown that followed forced businesses to take a hard look at their business model. Even small and medium-sized business owners who made it through relatively unscathed are considering cost cutting measures. They're...
Alternate Valuation Date
Business Valuation, Economics, Towne News
When you’re dealing with a loved one’s estate, there can be a lot of foreign terms suddenly tossed at you. One of them may be alternate valuation date. This phrase may sound like gibberish and the explanation even more so. Figuring all of it out while dealing with...
How to Keep Your Business Healthy in These Uncertain Times
In these incredibly uncertain times, I’m fielding a lot of calls from current and past clients about what they can do to manage the current state of their businesses and hopefully emerge on the other side battered, but still in business and ready to ride the good...
How Businesses Can Responsibly Respond to the Novel Coronavirus
Business Advice, Economics, Towne News
No one wants to see something like the recent outbreak of the novel coronavirus make headlines around the world, but it happens. It’s undeniable that the worldwide spread of the novel coronavirus has had an impact not just on our everyday lives, but in the way that we...
Business Valuation and Finance Terms You Should Know But Feel Dumb Asking About
Business Valuation, Towne News
When it comes to finance, it's hard to know all the special terms and abbreviations that get tossed out in the middle of a conversation. By the time you Google the meaning of a term, you've missed about 30 seconds of the meeting and you're at a loss. When consulting,...
How To Spot Dangerous Entrepreneurship Advice
I write a lot of business advice on the website Quora. Actually, I write a lot of advice in general, but since this is a business website I didn’t think you’d be interested in the advice I offer as a parent of a six-year-old. A lot of small business owners go to Quora...
The Reading List: How to Create Value for Your Clients
Guest written by Erika Towne. I write a lot of posts for my husband because he’s a finance guy by trade and I’m a writer by trade. He’s actually very good at writing, but it sometimes comes across as more technical than personal. I’m a write for the spoken word kind...
Why You Want a CPA, Not An Accountant
I know what you're thinking, isn't CPA just a fancy term for an accountant? No. CPA stands for Certified Public Accountant, which means she's passed the CPA exam and met her state's certification and experience requirements. An accountant has not done that. That's not...