Category Archives: Advisory|Financial Reporting|Strategic Guidance

What is a Virtual CFO? and What is it Not?

Virtual CFO

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.

What Does a Controller do and How Much Does it Cost to Hire One?

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

When is it Time to Outsource my Accounting?

Outsourced Accounting

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

Invoicing: How to Increase Cash Flow with Better Invoicing

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

5 Must Do’s before the end of the year

End Of Year, Year 2023, 2024

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

How to Turn Roadtrips into Tax Deductions for Your Motorhome

Motorhome

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

Family Business: How to Navigate Compensation

Introduction Family businesses are the backbone of economies worldwide, representing a significant portion of global enterprises. However, one of the most challenging aspects of running a family business is managing compensation, as it often involves the intersection of professional performance and familial dynamics. In this blog post, we’ll explore the complexities of compensation in family

The Key to Success: Understanding Your Financial Statements

Introduction Do you feel like your financial statements are just a bunch of lines of words and numbers with no meaning? This is something very common for most business owners since they never had the opportunity to learn.  Well these confusing words and numbers can actually tell a story about your business and can be

Rental Property Repairs Vs. Improvements: A Tax Perspective

Introduction Investing in rental property can be a lucrative venture, but it comes with its fair share of responsibilities and financial considerations. One crucial aspect of managing rental property is understanding the difference between repairs and improvements and how these distinctions can impact your taxes. In this post, we will dive into the world of

Why is it Important to Understand Financial Statements?

Not being able to understand your financial statements is something most business owners struggle with. Many people think they are just numbers on a page, but in reality they tell a story about your business As a business owner, you have a multitude of responsibilities that shape the success of your business. From product development