Fractional CFOs: What Are They, And What Are The Benefits of Having One?

Virtual CFO

Managing company finances is often a challenge for small business owners, especially those who don’t have prior experience in business or financial management.  Once the business grows to a certain point, many founders find that they need to add a financial expert to their team. The question then becomes: How?  Perhaps you’re not ready to […]

Virtual CFO vs. Controller: What’s the Difference?

Virtual Controller

As you’re growing your business, you’ll likely come to the point at which you need someone else to help handle your company’s finances.  There are several options for approaching this:  Hire a full-time CFO Hire a virtual CFO Outsource your accounting and bookkeeping to an accounting firm Hire a controller Hire an accountant But how […]

What Is a Virtual CFO—And Does My Business Need One?

virtual cfo

If you’ve found yourself feeling overwhelmed, stressed, or pulled in too many directions when it comes to managing your business’s financial tasks, then you may be wondering if the time has come to hire a Chief Financial Officer or Virtual CFO.  This is an exciting development—after all, needing a new hire is a sign that […]

The Top 4 Benefits of Year-Round Tax Planning Services

Tax Planning

Small business owners deal with tax deadlines year-round, and yet much only work with a tax expert or tax planner for the few months around “tax season”—typically, January through the end of April.  While this may seem like a responsible way to cut your business costs, bringing in a tax professional only once a year […]

Taxes 2021: 7 Upcoming Tax Law Changes

Tax Laws

Staying up-to-date with tax changes can feel overwhelming, especially when you are unfamiliar with the process. Tax laws change regularly, and after a unique year of living through the pandemic and various economic crises and changes, there are a number of upcoming changes you should be aware of. It may seem early to be thinking […]

What is the 2021 Child Tax Credit Under Stimulus Relief?

Child Tax Credit

Thanks to a new tax credit under the American Rescue Plan, many American parents will now receive tax credits to help pay for the expenses of child rearing. These funds, which apply to the 2021 tax year, are an increase to the regular Child Tax Credit. The amount credited depends on the age of the […]

Tips for for-profits applying NFP accounting rules for PPP funds

PPP Funds

More than 17 million Payment Protection Program (PPP) loans have been disbursed since 2020 according to the U.S. Small Business Administration data. Of those loans, as of May 10, over 3 million have been forgiven. But that doesn’t mean those who accepted PPP can move on without accounting for this government money. For-profit businesses must […]

How To Claim The Employee Retention Credit For The First Half Of 2021

Employee Retention Credit

Employee Retention Credit, Have you claimed that yet? The Employee Retention Credit was created to help employers keep employees on payroll as part of the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act. Signed into law by President Donald Trump on March 27, 2020, it was in response to the […]

What Does 2021 Hold For Small Businesses Digital Financial Services?

If 2020 taught us anything, it’s that digital financial services are here to stay. Lockdowns, quarantines, and social distancing all caused by the global COVID-19 pandemic illustrated not just the need but the necessity for virtual banking services. Thanks to the tech and accounting experts, handling one’s business from the comfort of a home office […]