Breakaway Bookkeeping + Advising announced today that CEO and Founding Advisor Shea Keats was named to Portland Business Journal's prestigious 2023 40 Under 40 List.

Valuing a company is as much an art as it is a science. In this article I’ll walk through the basic steps of calculating the enterprise value of one’s business using the EBITDA multiple

The DuPont model received just one page in my finance text book but deserves enshrinement in the financial analysis hall of fame.

When it comes to accounting, understanding the language and principles behind financial transactions is crucial for any small business owner. Here are a few terms you’ll want to know whether you’re doing your own accounting, or have someone else doing it.

We realize it’s probably not hard to find someone to maintain your business’ financial accounts. There are lots of competent bookkeepers out there–and an endless array of software–that can add up your dollars and cents. But, what do those numbers mean, and most importantly–what do you do with them?

Recently discovered your books are a mess? Don’t panic! Breakaway advisors are experienced at performing bookkeeping “cleanup jobs” and advisor Vonmarie Thomas lists 8 steps you can take to reorganize. This step-by-step beginner’s guide will ensure you have an accurate picture of the financial health of your business.

In thinking about the health and longevity of your business, ask yourself: Is my business running like an engine or like an egg beater? That’s to say, is your business a well-oiled machine with every part running exactly as it should with minimal input? Or, must you manually churn away with great force to accomplish your business’s goals and deliverables?

People are often surprised to learn that Breakaway is a franchise! When our founder’s team sat down in 2019 to figure out the best way to serve our advisors and our clients, it quickly became clear, with the help of some good legal counsel, that a franchise model would work best. Here’s 10 reasons why franchises work, why we’re happy to be one, and how Breakaway is just a little bit different than your average franchise.

What if you want to make your side hustle your only hustle? Many accounting firms are breaking the traditional mold and offering alternatives to the Big 4 grind. For example remote bookkeeping and advising firms, like Breakaway Bookkeeping + Advising, offer flexibility in scheduling, a supported network of other advisors (who are equally working from themselves) and joy.

Tax practitioners are often inundated with marketing and promotional pitches on how to “optimize our tech stack,” increase their social presence, attract new clients and improve workflows. While all of these things are important to build and grow a business, the most successful entrepreneurs focus their energy on two valuable assets: their people and their existing clients. Done right, optimizing your client list can lead to higher profits and greater job satisfaction for you and your team. When focusing on existing clients, there’s a few critical questions you should be asking your team.