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Strategic Finance Focus at Year-End

VCFO

Tax Planning is Beneficial and Essential A wise person once said that failing to plan is planning to fail. This is certainly true in the area of taxation, where there are often opportunities to legally minimize or defer the timing of tax payments and to claim income tax credits.

Finance 91
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How Understanding Sales Tax Can Help Your Business

CFO Share

Think your business is too small to worry about sales taxes? South Dakota , small business sales tax has been an issue you cannot afford to ignore. With audits ramping up and penalties exceeding $100,000, understanding sales and use tax is essential. The cost of sales tax non-compliance. Think again.

Sales 98
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Small Business CFO's: Do You Need One?

Boston Startup CFO

I’m not an expert in anything related to accounting, so I reached out to one of my networks to get people I could have do these functions. So I hired a part-time accountant who sent a part-time bookkeeper every week to do our books. So I hired a part-time accountant who sent a part-time bookkeeper every week to do our books.

CFO 52
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Weekend Reading For Financial Planners (Dec 31-Jan 1) 2023

CFO News Room

Why it is important for advisory firms to conduct an audit of their tech stack and the steps they can take to conduct the exercise. How advisors are increasingly purchasing individual bonds rather than bond funds in client accounts. will affect surviving spouses who inherit retirement accounts from a deceased spouse.

Planning 130
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The 4 Keys to Building a 100% Remote Bookkeeping Practice

The CFO College

For many bookkeepers and accountants, working remotely is a reality that has breathed energy back into the passion they feel for their work and their life. At CFO Bookkeeper, we use “VIP” to refer to “Valuable Expert, Instructor, Participant.” Your understanding of these keys begins here.

CFO 52
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The Biden Tax Hikes for Small businesses

CFO Share

Moreover, S-corps and pass-through companies are facing tax increases too…. Elimination of pass-through tax deductions. If you are a high-income S-corp, partnership, or sole proprietor, the proposed tax plan will eliminate your Qualified Business Income Deduction , commonly referred to as the pass-through deduction.

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Weekend Reading For Financial Planners (Nov 19-20) 2022

CFO News Room

A potential compromise during the lame-duck Congressional session could see a boost to the child tax credit and extended tax breaks for businesses. From there, we have several articles on tax planning: How advisors can add value for their clients by managing their exposure to mutual fund capital gains distributions.

Planning 130