Top 10 Issues: Profitability & Cash Flow

by Adrian Taylor, CPA Is it possible to make a profit and not have any cash?  Is it possible to make a profit and not have a good return on investment?  Is it possible to have cash without making a profit? The answer to all three is yes, but, not for very long.  It is… Read more »

Top 10 Issues: Mergers and Acquisitions

by David Henning, CPA, CGMA In the lifecycle of every business, there will be a time that a business owner will have to contemplate either growing their business by acquiring another business, or to look toward retirement and will decide to sell their business.  During this extremely delicate process, there are many aspects to consider… Read more »

Top 10 Issues: Risk Management

by Curtis Thompson, CPA.CITP, CISA Tom Cruise starred in the 80’s movie Risky Business about a young man taking advantage of the freedom he found when his parents went away on a trip. He found that running around with shady characters leads to a world of troubles. While we can’t slide across the floor in… Read more »

Does Your Business Need a Valuation?

By Sally Silver, CPA/ABV, CVA Telephone: (540) 662-3417 Although “tax season” is long gone, friends and family look at me in disbelief when I mention how busy we are.  “What could you possibly be busy doing this time of year?” they ask. Most people think that CPAs have a lot of down time after April… Read more »

Top 10 Issues: Impact of Regulatory Changes

By Chris Frye, CPA Large and small businesses alike face a myriad of challenges when conducting their day-to-day operations.  Changing market conditions, increased competition, and rising costs are just a few of the issues that keep business owners and managers up at night.  In addition to these inherent challenges that have tested business models for… Read more »

YHB Bank Clients Lead State Organization

We’ve noticed a pattern – it appears that our community banking clients make great leaders. Three of our clients  have been appointed by their peers to lead the Board of the Virginia Bankers Association. Just recently, the VBA said thank you to outgoing Chairman Jeffery M. Szyperski, who is the President and CEO of Chesapeake… Read more »

Top 10 Issues: Business Succession

By David Henning, CPA, CGMA What do you want to be when you grow up?  A doctor?  A teacher?  Your own boss?  For me, my answer always was, and still is, “Retired.”  I knew that I wanted to be an accountant as far back as high School, but even then that was not my end… Read more »

Just a Typical Day at the Office…

Guess who some of our Richmond staff got to meet last week while supporting one of our nonprofit clients… A girls night out included advancing the Ellen Shaw de Paredes Breast Cancer Foundation, a client of YHB, with breast cancer survivor Sheryl Crow.  Just a typical Richmond gig… Richmond Partner Elsie Rose with Sheryl Crow… Read more »

Top 10 Issues: New IT Systems

This is the first in YHB’s series on the Top 10 Issues Facing CPAs’ Clients.  Bryan Newlin explores the steps and considerations when planning for a new IT system. By Bryan Newlin, CPA, CISA, CITP Question—how do you make tax season even more stressful? Answer: Take an entire firm of accountants, give them a whole… Read more »

YHB Interns Get Involved in the Community

YHB has offered a summer internship program for more than 10 years.  As part of this program, we not only offer them the technical experience to become a great public accountant, but we also instill our philosophy as a community leader and express our core value as a partner and advisor to our clients and community… Read more »