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”
Start-up Blog
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”
Most marketing agencies set goals that revolve around increasing revenue, but what they really want is more profit. They hope that by increasing revenue, they will also increase profit. There’s definitely a connection between profit and revenue, and they are both equally important. But it’s important to understand that they are two different metrics. Learn […] Read more “2023 Planning: Profit vs Revenue for Marketing Agencies”
Financially disciplined businesses are the ones that succeed. Knowing how to manage your money and maintain a positive cash flow will give you and your employees a sense of security. It will also put you in a position to grow and potentially make even more financial gains. If you want to make improvements to your […] Read more “How to Be Financially Disciplined in Your Business”
When you think of a tax strategy, you probably think of putting a plan together to save money. When you think of saving money, you think of more profit. Now, there’s a logical connection between these two ideas, because creating a tax strategy for your business will help you increase your profits. As you prepare […] Read more “How Tax Strategy Aligns with Profit Goals”
For most businesses, the looming new year means that it’s time to start tax planning. All business owners go through a similar tax planning process, but there are some specific benefits of tax planning for agencies and to reap those benefits, you have to get started right away. What is Tax Planning? Tax planning is […] Read more “Tax Planning for Agencies: What you need to know”
Now that the year is coming to a close, it’s time to look over some of your financial reports. Reviewing your financial reports before the end of the year can make a big difference for your business, because this practice will allow you to reflect and plan for the year to come. You can expect […] Read more “8 Financial Reports You Need to Analyze at Year-End”
Does your company need a virtual CFO? A traditional CFO (chief financial officer) works in-house, reports to the CEO (chief executive officer,) and handles all of the business’s finances. A virtual CFO would also manage your business’s financial operations, but this option gives you access to many more benefits. What is a Virtual CFO? Both […] Read more “What are Virtual CFO Services?”