Business Intelligence Resource Center • Chris Hervochon CPA

Better Way Blog

5 Signs You Need Better Business Intelligence

By Chris Hervochon, CPA, CVA | November 26, 2018 | Comments Off on 5 Signs You Need Better Business Intelligence

Business intelligence is the practice of leveraging both technology and the data available in your business to facilitate business decisions. There are numerous technologies available today to facilitate data extraction and analysis. Also, thanks to the internet, cloud software and other technologies, data has never been more plentiful. Effective business intelligence allows stakeholders to make …

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Get In The Zone – Facebook Live 11/21/18

By Chris Hervochon, CPA, CVA | November 23, 2018 | Comments Off on Get In The Zone – Facebook Live 11/21/18

In this week’s video I talk about one of the most interesting tax planning opportunities available today – Opportunity Zones! This is a great planning strategy that you can use to significantly reduce your tax burden, and increase future investment income, if you currently have unrealized capital gains.

The Tax Man Cometh – Facebook Live 11/15/18

By Chris Hervochon, CPA, CVA | November 15, 2018 | Comments Off on The Tax Man Cometh – Facebook Live 11/15/18

This week I talk about some takeaways from the AICPA National Tax Conference. I also talk about IRS penalty abatements, the new Qualified Business Income (QBI) deduction, deciding on a business entity and tax planning for year-end and 2019.

Mai Tais and Umbrella Drinks

By Chris Hervochon, CPA, CVA | November 12, 2018 | Comments Off on Mai Tais and Umbrella Drinks

Can your business operate without you so you can take a vacation? The situation… We’ve both been there. You and I are business owners, and we’ve often wondered if we can take a vacation. We are far enough into Fall that maybe you’re starting to dream of warm weather and sunshine. The holidays are upon …

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Bucket’s Got a Hole! – Facebook Live 11/7/18

By Chris Hervochon, CPA, CVA | November 9, 2018 | Comments Off on Bucket’s Got a Hole! – Facebook Live 11/7/18

In this week’s Facebook Live I talk about how we “bucketize” (i.e. – categorize) your transactions. Every transaction needs to be classified for accounting purposes. I’ll also provide a high-level overview of the automation we can build around that process. The goal is for you to spend less time working in your business and more …

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Gold jacket, green jacket, Cliff Report, Altman Z Score – Facebook Live 11/1/18

By Chris Hervochon, CPA, CVA | November 2, 2018 | Comments Off on Gold jacket, green jacket, Cliff Report, Altman Z Score – Facebook Live 11/1/18

In this video I revisit an Entrepreneur.com article about one of the ways to measure the financial health of your business. I’ll also provide my spin on how to do it in your dashboard using the Altman Z Score.

In-house your startup’s accounting? Not so fast…

By Chris Hervochon, CPA, CVA | October 29, 2018 | Comments Off on In-house your startup’s accounting? Not so fast…

While listening to a recent episode of the Cloud Accounting podcast, a podcast I love, the hosts were discussing a recent article in Entrepreneur Magazine that stated startups should in-source their accounting, quality control and sales.  The latter two are outside my domain expertise, so I won’t speak to those.  I will address some of the …

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Data Sources for Dashboards – Facebook Live 10/25/18

By Chris Hervochon, CPA, CVA | October 26, 2018 | Comments Off on Data Sources for Dashboards – Facebook Live 10/25/18

In this video I talk about some of the possible data sources that you have in your business that you can use to populate a dashboard. I also touch on things to consider when developing the KPIs for your dashboard.

Need better information to run your business?

By Chris Hervochon, CPA, CVA | October 22, 2018 | Comments Off on Need better information to run your business?

Check out my latest episode of Talk of The Town on WHHI-TV where I talk about the difference between DIY and Outsourced Accounting.

What is Outsourced Accounting? Check out my video from Facebook Live to learn more!

By Chris Hervochon, CPA, CVA | October 21, 2018 | Comments Off on What is Outsourced Accounting? Check out my video from Facebook Live to learn more!

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