Big Changes Coming to Lease Accounting for Ag Businesses by Doug DeBoer, CPA

Accounting standards are continually changing and we're always working to keep you aware and informed. This year there are changes happening in lease accounting, specifically for agricultural lands. Check out our latest article where Doug highlights some of these changes in operating and capital leases. To read the full article, please click the link below. http://bit.ly/37RY8kl

Capturing the Benefits of Captive Insurance by Chad Van Houten

When it comes to insuring your business, you may be weighing the high cost and low risk of traditional insurance against the low cost and high risk of self-insurance. But there is one more alternative to consider: captive insurance. Read the full article about how captive insurance can benefit your business at the link below. https://bit.ly/2YNe9XY

Construction Case Study - Selling Through Succession Planning by Ian Grimbleby, CPA

This case study is about a father selling his business to the son as part of their succession plan. They needed to come to an agreement on how the transition would happen and the value of the company to pay out the father and have the son take over ownership and day-to-day responsibilities. To read the full case study with the challenges and final outcome click the link below. https://www.grimbleby-coleman.com/resources/articles/Construction-Case-Study-Selling-Through-Succession-Planning https://www.grimbleby-coleman.com/resources/articles/Construction-Case-Study-Selling-Through-Succession-Planning

The New Revenue Recognition Standards by Sue Hudgens, CPA

If you follow U.S. Generally Accepted Accounting Policies (GAAP), the time has come for your company to comply with the new revenue recognition standard set for 2019. The article covers the five-step model that is made to fit most businesses worldwide, as opposed to the previous standards which differed based on the industry. Click the link below to check out the full article. https://bit.ly/30FUUg9

Securing Financing for Expansion by Ian Grimbleby

Our team worked with a company that was looking to purchase another building but needed help securing financing. After working with them to build working capital they were able to secure financing. Read the full case study at the link below. https://bit.ly/2YyoKqj

Do You Need a Succession Roadmap? by Jeff Bowman, CPA

Every family and every business is unique and that's why we never take a standardized approach to succession planning. Our Succession Roadmap is a written document that helps guide the process and provides a way for you and your family to review important considerations. Click the link below to check out the full article on creating a plan for your family. https://bit.ly/2IDuNQh

Switch It Up with New QuickBooks Features by Tami Davis

It’s very easy to get into a routine of logging on to QuickBooks, doing your daily tasks, and logging out. But you could be missing the opportunity to utilize some of the new features QuickBooks releases because you’re not exploring. Check out our latest article by Tami Davis at the link below for features you could be benefitting from on both Desktop and Online. https://bit.ly/2CIV3Wj

Will You Always Be Able to Farm on Your Land? by Stephanie Banuelos

As you’ve probably noticed in the news, water is reshaping the agricultural landscape — literally. This article discusses how these changes might effect farmers in the Central Valley and some contingencies they can make to secure revenue from their land. Click the link below to read the full article: https://www.grimbleby-coleman.com/resources/articles/How-Are-Water-Regulations-Affecting-Your-Land-s-Value-

Business Advising Case Study - Managing Profit & Cash Flow by Marty Fox

This case study is about a historically successful medical practice was suffering from declining profits and cash flow. Turnover within the accounting department was high, and reporting was inconsistent and often unreliable. The owners felt that too much of their time was spent putting out fires instead of building the practice. Two of the owners were close to retirement and wanted to sell their interest in the company to the other partners. To read the full case study with the challenges and final outcome click the link below: https://www.grimbleby-coleman.com/resources/articles/Business-Advising-Case-Study-Managing-Profit-Cash-Flow

Ag Case Study: Conducting a Business Valuation for Succession Planning by Marty Fox

When it's time for the next generation to take ownership of a family business and handle the day to day responsibility in the business you need to first understand the value of the company. This case study outlines the process of understanding that value and how the transition of leadership and ownership would be managed. To read the full case study click the link: https://bit.ly/38DzuFk