A contractor’s operating account shows $250,000 in mid-October. The owner reads that as a strong quarter and starts thinking about a distribution. The work-in-progress schedule tells a different story. Roughly $180,000 of that balance is overbilling on two jobs, which is cash collected for work not yet performed.
The conversation almost always opens the same way. A business owner calls, and within two minutes comes a version of the same sentence: she had been with the company eleven years, and there was never any reason to question it.
Most small business owners think about year-end planning in November. Some wait until December. A few don’t think about it until April by which point it’s not planning at all. It’s just filing.
Hurricane preparedness for small businesses starts with the finances, not the plywood and flashlights. If you’re a small business owner in Sugar Land wondering what to do financially before hurricane season, here’s the short answer: get your records into the cloud, build a two-to-three-week cash reserve, and confirm your insurance actually covers business interruption and flood damage.
September arrives faster than most business owners expect — and it arrives with a cluster of tax obligations that can catch unprepared businesses off guard. Missing these deadlines doesn’t just mean paperwork. It means penalties, interest, and a Q4 that starts with a financial headache that was entirely avoidable.
Of all the cash flow problems small businesses face, accounts receivable is the most frustrating, because it represents money that has already been earned.
If you’re building something important and need a trusted financial partner to grow with you – we’d love to hear from you.
DWG CPA PLLC is a Texas-based accounting firm serving businesses and nonprofits since 2005. We specialize in virtual accounting, tax strategies, and personalized financial guidance across industries like healthcare, construction, real estate, and nonprofits.
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