Category Archives: Advisory|Financial Reporting|Strategic Guidance

Financial statements are the backbone of any business’s financial health. Whether you’re a startup owner or a seasoned entrepreneur, understanding these reports can help you make informed decisions, secure funding, and plan for growth. This guide breaks down the three main financial statements, profit and loss statement, balance sheet, and cash flow statement, so you

In 2025 Whittaker is going to build our client families wealth in a number of ways. We are going to put out a blog post a week around how we are doing this if you want to join along for the journey of growing you business and families wealth. Statistically 70% of wealthy families lose

When structuring a business, choosing the right tax designation can impact your tax liability, compliance obligations, and long-term financial benefits. Two of the most common options are LLC taxation (default) and S-Corporation (S-Corp) taxation (an election made by an LLC or corporation). S-Corp Taxation An S-Corporation (S-Corp) is not a business entity but a tax

In today’s competitive business landscape, effective financial management is crucial for success. Using a virtual CFO or controller has emerged as a strategic solution for companies aiming to optimize their financial operations. This ensures that they can focus on their core business activities. This comprehensive approach offers numerous benefits, including access to specialized expertise, cost

In today’s rapidly evolving business landscape, small and medium-sized enterprises (SMEs) often face the challenge of managing their financial affairs effectively without the resources to hire a full-time Chief Financial Officer (CFO). Enter the virtual CFO – a solution tailored to meet the strategic financial needs of businesses without the commitment of a full-time hire.

Why Would you Hire a Controller? The role of a Controller in an organization primarily focuses on overseeing the accounting operations. This includes the production of periodic financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls designed to mitigate risk. They enhance the accuracy of the company’s reported

What is Outsourced Accounting? Outsourced accounting is just what it sounds like. Its accounting made simple. Outsourced accounting can be anything from bookkeeping to a Virtual CFO. One of the many benefits is you don’t need to pay a 12 month salary plus benefits. No bonus at the end of the year. You don’t have

As a business owner you want to be paid on time, because who doesn’t? One of the best way to not only keep your accounting up to date, as well as put money in the bank is timely payments. While this is ideal, it isn’t always the case. Sometimes payments are late or seemingly impossible

Introduction: As the year comes to a close, it’s the perfect time to review your financial situation and make strategic moves that can positively impact your future. Whether you’re planning for retirement, managing your business finances, or looking to optimize your tax situation, taking action before the end of the year can lead to significant

Owning a motorhome or recreational vehicle (RV) can be a ticket to adventure and the freedom to explore the open road. But did you know that it can also provide you with some valuable tax deductions? In this blog post, we’ll dive into the intricate world of tax deductions for motorhomes and RVs. We will