When it comes to estate planning, understanding the options available to you and how they can facilitate the transfer of your assets to your loved ones is essential. If you’re not familiar with trusts, they are legal arrangements that allow you to set aside funds and assets to be passed on after your death. They […] Read more “Defining Revocable and Irrevocable Trusts”
Start-up Blog
Creating and implementing better business cash management strategies plays an important role in the success and long-term sustainability of any organization in today’s competitive business landscape. Whether you are running a small startup or an established enterprise, understanding the intricacies of cash management strategies can significantly impact your organization’s financial health and provide you with […] Read more “7 Strategies for Better Business Cash Management ”
Financial projections for startups provide an opportunity for planning and strategizing in the beginning stages of your business venture, especially when it comes to your startup’s finances. They play a large part in determining the long-term viability and chances of success. With accurate financial projections, you can: In this article, we will take a more […] Read more “How to Build Financial Projections for Startups”
If your business needs financial management or other financial services, then CFO advisory services may be worth looking into. For businesses today, the role of a Chief Financial Officer (CFO) has evolved beyond a traditional financial manager. A CFO not only oversees traditional financial operations, but also helps to guide the direction of the company […] Read more “Does Your Business Need CFO Advisory Services?”
Creating and tracking financial goals for a business is crucial for long-term growth and success. By setting clear objectives and goals, developing a budget, monitoring cash flow, using key performance indicators (KPIs), and regularly reviewing and adjusting goals, your business can run optimally and make informed decisions as needed to improve your financial situation over […] Read more “How to Track Financial Goals for a Business”
Automated bookkeeping and a focus on strategy go hand in hand. Why? Because strong bookkeeping is the foundation of all of the numbers you need to improve your business and make the right decisions, it has a direct impact on the success or failure of that business. This is why efficient and accurate bookkeeping is […] Read more “How We Use Automated Bookkeeping to Focus on Strategy”
Not only is preparing a budget important for your business, but it is also imperative that your business regularly monitors and analyzes your budget to actual results. The results of this report give you the insight you need to make important budget changes when and where they are needed. The ability to pivot quickly based […] Read more “How to Analyze Your Budget to Actual Results”
Among the many decisions you’ll need to make when starting a business, choosing the right entity that will define the legal structure of your business is an important one. The two most popular options for new entrepreneurs are Limited Liability Companies (LLCs) and S Corporations (S Corps). While both entities offer limited liability protection to […] Read more “LLC vs S Corp: A Guide for Business Owners”
Deciding to close an S-corporation is a complex and emotional process that requires careful consideration of the accounting and tax implications. This blog post aims to guide you through the essential steps an S-corporation must take from an accounting and tax perspective to ensure a smooth, legally compliant closure. Conclusion: Closing an S-corporation requires careful […] Read more “Accounting and Tax Steps for Closing an S-Corp”
Closing a C-corporation involves a complex process that includes addressing specific accounting and tax requirements. This blog post will provide a comprehensive guide to help C-corporations navigate the essential accounting and tax steps to ensure a smooth and legally compliant closure. Conclusion: Closing a C-corporation requires careful attention to accounting and tax matters to avoid […] Read more “Accounting and Tax Steps for Closing a C-Corp”
Proper business tax planning can be an overwhelming process from start to finish. Most, if not all, business leaders have many decisions to weigh at any given moment and taxes are not always at the forefront of considerations being made. However, without being properly prepared, insufficient tax planning can lead to excess money being lost, […] Read more “Why Business Tax Planning Happens Year-Round”
Many startup businesses look to fractional CFOs for assistance with their finances. Now there are lots of reasons why startup business owners might want the help of a fractional CFO, but one of the main reasons is that startup employees are often busy! They usually “wear many hats” and juggle lots of responsibilities. If you’re […] Read more “Fractional CFO Services: What You Need to Know”