Free Site Registration


More Debits & Credits Posts

State of the Union for Private Companies

Print
Email
Reprints
By Michael Cohn
February 14, 2013

Sageworks chairman Brian Hamilton offered his assessment of the State of the Union address for private companies.

His company provides financial information on private companies and financial analysis software for them.

Brian Hamilton

“The state of the union for private companies is fairly positive,” he wrote Tuesday before the State of the Union. “Sales growth is strong and net profit margins continue to expand. That’s happened for three consecutive years. Companies are making money, and they’ve got some cash flow. We are in an economic recovery, and the strong performance of private companies reflects this recovery. Of course the big problem right now is still jobs. These companies are not hiring as many people as they used to, which is troubling.

“Most business owners care more about paying their bills than party politics. That being said, business owners will be paying attention to the President’s speech tonight, if only to identify upcoming policy shifts that will affect their company. Private companies want to know what’s coming down the pike that’s going to affect their cash flow, especially with upcoming sequester and uncertain economic outlook. They are concerned with their cash. Anything that disrupts that or is a risk to that is something that they will definitely be listening for.”


Follow Accounting Today
Advertisement


Advertisement

Lessons in M&A: Client and Staff Retention

April 14, 2014

Transition Advisors president Joel Sinkin talks about what firms should do after a merger to retain their clients and staff members.

Are You Missing These Growth Opportunities?

April 2, 2014

Gale Crosley of Crosley + Company discusses the practice areas and international opportunities that firms often overlook in trying to grow.

Advertisement

SLIDE SHOW

Dumbest Employee Excuses for Being Late

March 31, 2014

Running a little late could have big repercussions, especially at a firm in the midst of busy season. From escaped zebras to must-see TV, employers told CareerBuilder some of the most memorable excuses they've heard from tardy employees.

Common Taxpayer Misconceptions

March 19, 2014

The NAEA’s collection of ridiculous things tax clients believe.

The 10 Fastest-Growing Firms in the U.S.

March 10, 2014

The firms with the highest 2013 revenue growth in our Top 100 Firms/Regional Leaders list.

Top 10 Tech Trends for 2014

March 3, 2014

As companies gain more affordable access to new technology and platforms, they also seek to make smarter investments.

Strangest Tax Deductions

January 31, 2014

The Minnesota Society of CPAs recently conducted its annual survey about the most strange and unusual tax deductions proposed by clients.

Advertisement
Advertisement
Advertisement