CFO Share

JULY 13, 2023

At our fractional CFO firm , we believe there are three primary financial issues that small businesses face: Planning growth through uncertainty. Growth planning should include your executive team and a CPA for tax planning purposes. Develop a cash flow management plan to improve the runway.

CFO 40

CFO Forecasting Tax Planning Advertising 40

CFO Share

MAY 18, 2023

VAT vs sales tax can be especially confusing for international businesses. Sales tax is extremely common amongst the USA, whereas VAT is more common in foreign countries. All companies should consider VAT vs sales tax when reviewing their tax planning strategy. Who implements a VAT or sales tax?

Sales 52

Sales Tax Planning Compliance Invoicing 52

The CFO College

APRIL 8, 2021

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

CFO Benchmarking Tax Planning Accounting 52

Future CFO

JANUARY 15, 2024

This requires a fundamental pivot from tax planning to building as much certainty as possible into transfer pricing positions, which means being as proactive as possible in dealing with anticipated and current controversies.”

Tax Planning 52

Tax Planning Risk Management Technology Planning 52

Future CFO

MAY 24, 2020

Beyond that, CFOs are expected to optimise every investment dollar for maximum returns on investments and be involved in all discussions and matters that have a financial impact on the company. For instance, there is merit in CFOs relooking at how they can manage their tax and finance operations (TFO) locally and across multiple locations.

Finance 52

Finance Compliance Restructuring Tax Planning 52

Creative CFP

JANUARY 17, 2019

It all comes down to proper cash planning. Careful planning is essential. Customers are not paying on time In this day and age with fantastic cloud-based accounting technology, cash flow management is an easy problem to solve. Start by opening a separate bank account , for the purpose to save for tax payments.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Manufacturing 52

Future CFO

OCTOBER 4, 2021

Never say never” are words that Siew Shan Sim, CFO AirAsia, Aviation Group (pictured) lives by. Siew Shan Sim, CFO AirAsia, Aviation Group. Future CFO: When did you start to become interested in finance? Future CFO: What do you enjoy to do most among your current responsibilities? SS: I am a fixer.

CFO 98

CFO Leadership Finance Tax Planning 98

VCFO

NOVEMBER 1, 2023

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

Finance Strategic Planning Auditing CFO 91

CFO News Room

NOVEMBER 28, 2022

Along with designing a client’s asset allocation , optimizing asset location is another way advisors can add value as putting different investments in taxable versus tax-deferred accounts can have a significant impact on after-tax returns. Tax Planning. Retirement Planning.

Tax Planning 130

Tax Planning Planning Investments Profit and Loss 130

CFO News Room

DECEMBER 23, 2022

Also related to Roth accounts, the legislation would align the rules for employer-retirement-plan-based Roth accounts (e.g., Also related to Roth accounts, the legislation would align the rules for employer-retirement-plan-based Roth accounts (e.g., Further, SECURE 2.0 Altogether, SECURE 2.0

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Planning Valuation Securities 130

Future CFO

SEPTEMBER 14, 2020

Tam noted that FP&A professionals will then need to “revisit their financing and liquidity strategies, centralize decisions for cash release upon the applications of government stimulus, and implement tax planning strategies that can reduce cash expenditures and preserve budget.”. Empowering the new FP&A professional.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Forecasting Planning Foreign Exchange 52

CFO News Room

NOVEMBER 9, 2022

Health Savings Accounts (HSAs) are one of the most popular savings vehicles because of their triple-tax advantage: account owners can take an above-the-line tax deduction for eligible contributions, growth in the account is tax-deferred, and withdrawals are tax-free if they are used for qualified healthcare expenses.

Healthcare 130

Healthcare Planning Accounting Investments 130

CFO News Room

NOVEMBER 15, 2022

And so, what we did, and I guess the advantage of being with a broker-dealer is those are now Commonwealth house accounts. Just they’re Commonwealth house accounts, so that slice of what was 6% of revenue, it goes to them. They’re just handling the existing house accounts that are there. Stacey: Absolutely.

Planning 130

Planning Accounting Compliance Math 130

CFO News Room

NOVEMBER 29, 2022

And so, that’s how this actually started was, at first, I knew I wanted to just get a deeper dive into our numbers, into our business, our process, and, so, I engaged in the CFO solutions services. And so, that was where I found the gap is that the CFO would identify all these things. Michael: Interesting.

Leverage 130

Leverage Planning Concentration Tax Planning 130

CFO News Room

DECEMBER 26, 2022

Tax Advice Restrictions For Financial Advisors: How To Offer Tax Planning And Remain In Compliance – Despite the prominent role of taxes in financial planning, advisors are often prohibited by their compliance departments from making recommendations for a specific course of action on a certain tax strategy.

Planning 130

Planning Benchmarking Profit and Loss Communication 130

CFO News Room

DECEMBER 30, 2022

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. In addition to previously available options for the inherited account (e.g., Another measure in SECURE 2.0

Planning 130

Planning Auditing Investments Securities 130

CFO News Room

NOVEMBER 23, 2022

Ultimately, with the potential for added wealth that solo 401(k) plans can create, making the process of managing the plan a little easier for clients is a great opportunity to provide value that the client can see from year to year. Why would someone want to make nondeductible contributions to a solo 401(k) plan?

Planning 130

Planning Mergers and Acquisitions (M&A) Investments Accounting 130

CFO News Room

NOVEMBER 21, 2022

How confident are they that no year-end-tax-planning opportunities were missed across their entire client base? This lets us see which clients still need to fund their accounts to maximize their contributions before the tax deadline so that we can avoid missing a Roth contribution for eligible clients.

Planning 130

Planning Concentration Communication Tax Planning 130

CFO News Room

NOVEMBER 22, 2022

At the time, due to internal protocols as well, we were required to meet with everyone if they had an advisor account, whether someone had $50,000 or $5 million. These are young doctors that…” One of the tactics that worked against us was, “Oh, Matt, he’s so busy, he only works with big accounts now.

Planning 130

Planning Communication Profit and Loss Education 130

CFO News Room

DECEMBER 17, 2022

tax planning or deeper retirement planning ) can be a way to increase client satisfaction and encourage them to be vocal advocates for the firm. For firms with upward-sloping client referral trendlines who want to see this figure move up faster, adding services to the client value proposition (e.g.,

Education 130

Education Planning Benchmarking Investments 130

CFO News Room

FEBRUARY 2, 2022

Estate planning is commonly a big point of discussion, as well. And for most advisors that takes us down a road of tax planning and lots of different types of trusts and family limited partnerships and GRATs and IDGTs and all the different strategies that are out there, or at least as long as Congress lets us keep playing those games. .”

Communication 130

Communication Planning Education Numbers 130

CFO News Room

NOVEMBER 8, 2022

But we want it on the calendar so that we keep clients and ourselves accountable so that we make sure that those meetings actually do happen. And the four pillars are the financial plan, risk management, so just checking all their what-if scenarios that something…a husband dies, wife dies, long-term care, disability.

Restructuring 130

Restructuring Planning Accounting Marketing 130

CFO News Room

DECEMBER 28, 2022

includes a significant number of Roth-related changes (both involving Roth IRAs as well as Roth accounts in employer retirement plans), though notably, the legislation does not include any provisions that restrict or eliminate existing Roth strategies (e.g., In addition, SECURE 2.0 backdoor Roth conversions).

Planning 130

Planning Securities Accounting Tax Planning 130

CFO News Room

DECEMBER 20, 2022

And one of the flyers that came out said that I did estate planning, and tax planning, and business succession planning, and all these things I didn’t know anything about. And so, ultimately, I… Michael: Not actually that deep on your business succession planning experience as a 20-year-old.

Education 130

Education Planning Numbers Securities 130

CFO News Room

FEBRUARY 2, 2022

So, I don’t have to have this great call and then at the end of it, tell someone, “Yeah, that all sounds great and if you want that, you move all your accounts over and that’s the only way we’ll work with you. ” And that stuff obviously is extremely helpful going into those phone calls.

Planning 130

Planning Math Numbers Investments 130

CFO Share

MARCH 9, 2021

If you are selling products (or sometimes even services) in other states, be proactive to avoid hundreds of thousands of dollars in tax penalties: talk to your accountants to see if you need to do a nexus study. Take advantage of the Employee Retention Tax Credit . Or contact our accountants to see if your business qualifies.

Profit and Loss 52

Profit and Loss Compliance Tax Planning Accounting 52

CFO Share

MARCH 16, 2021

Information about tax changes the Biden administration is considering leaked yesterday , creating some big headlines in media. First major tax hike since 1993” according to Bloomberg. As a fractional CFO , my first reaction to any tax reform is: what does this mean for small business?

Profit and Loss 40

Profit and Loss CFO Tax Planning Startups 40

CFO News Room

NOVEMBER 26, 2022

While the contents of the new rule are unknown, expert ERISA attorney Fred Reish thinks that it could fall in the middle of the Obama and Trump rules, as the administration will have to take into account the Fifth Circuit ruling that vacated the original Obama rule. Meb Faber Research).

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Planning Securities Investments 130

CFO News Room

NOVEMBER 19, 2022

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

Planning Leadership Healthcare Accounting 130

CFO Share

SEPTEMBER 15, 2021

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.

Profit and Loss 52

Profit and Loss CFO Tax Planning Auditing 52

CFO News Room

JANUARY 24, 2023

In most press accounts about the impending appointments, Zients’s primary bond to Biden is the time he spent as the White House COVID czar—an intense 15 months, during which they masterfully rolled out vaccines and then sometimes sputtered in their quest to vanquish the pandemic. Skepticism and human reason” [ Crooked Timber ]. “[W]e

Manufacturing 130

Manufacturing Construction Economics Banking 130