The Power of Fractional CFOs to Transform Your Small Business

Understanding the Role of a Fractional CFO In today’s fast-paced and ever-evolving business landscape, financial leadership plays a crucial role in steering companies toward growth and stability. A fractional CFO offers the same expertise and strategic oversight as a full-time CFO but works on a part-time, consultant, or project basis. This flexibility makes the fractional CFO […]

How the Cash Conversion Cycle (CCC) helps manage liquidity issues

Many businesses will face liquidity challenges at some point in their life cycle. Whether it is a global pandemic, competing investment needs, or decreased sales due to fundamental changes in the market, these challenges make preserving cash through managing inventory, receivables, and payables a critical weekly (or daily) task. When you’re in this situation, you […]

4 Key Differences between Accounting & Finance

While many small businesses use accounting and finance interchangeably, they are two separate and distinct functions. It’s important for businesses to know the difference between the two because it is often the difference between whether you are focusing on past performance or future expectations. Most businesses recognize a need for accounting solutions early on due […]

The new Clean Vehicle Credit…and how it is an attack at China

When tax time rolls around, most people aren’t thinking about why certain tax credits exist. They just want to know if they qualify to receive them and how to go about making that happen. Well…if you plan on buying an electric vehicle, two things you need to know. Read on to learn a bit more […]

199A: Qualified Business Income Deduction

Established in the Tax Cuts and Jobs Act (TCJA) of 2017 under Section 199A, the Qualified Business Income (QBI) deduction allows taxpayers a deduction of up to 20% of income received from a sole proprietorship or pass-through businesses (e.g., partnerships, S corporations, trusts, and estates). You may also hear of it referenced as simply a […]

Maximizing your charitable giving through donor advised funds

If you find yourself feeling particularly philanthropic but are not quite sure where you’d like to give your money, you can still get an immediate tax benefit for those donations through the use of a donor advised fund (DAF). What is a donor advised fund (DAF)? A donor advised fund is an account that allows […]