When we last spoke with Julie Murphy of Designer Draperies of Boston in 2015, she had just embarked on a transformative journey through business acquisition. Fast forward to today, and Julie's decision has proven to be more than fruitful—tripling her business in size, staff, and sales. This follow-up feature delves into Julie's experiences over the past decade, revealing the challenges she's … [Read more...]
Navigating Year-End Tax Planning with Ten Key: Embracing New Standards and Ensuring Efficiency
As the year draws to a close, it's an opportune time for businesses to get their financial affairs in order, especially when it comes to taxes. At Ten Key, Inc., we understand that tax preparation is more than a mere compliance ritual; it's a strategic step towards your business’s financial health and growth. This year, with the introduction of the ASC 842 lease accounting standard, there's an … [Read more...]
How Tightening of Lending Standards is Impacting Small Businesses
As we move through 2023, we are noticing a troubling trend affecting small businesses in general and even some of our clients: acquiring loans is becoming increasingly difficult. A perfect storm of rising interest rates, stricter lending standards, and new financial disclosure regulations are creating significant hurdles. We believe in the power of understanding and education to navigate these … [Read more...]
The State of the Job Market: Key Insights for Small Businesses In Massachusetts
It goes without saying, the job market has undergone considerable transformations and faced numerous obstacles in recent years. As the economy grapples with the lingering consequences of the COVID-19 pandemic, small businesses in Massachusetts are confronting various challenges related to recruiting and retaining staff in the face of looming economic uncertainties.In an effort to provide … [Read more...]