Small business owners and employees working on-the-go: here's what you need to have setup for a smooth virtual work/vacation time. One of the biggest benefits of technology is that it allows those of us who want to work virtually the ability to work from anywhere - that’s definitely our favorite part! We get to [...]
If you are thinking of acquiring another company, there are quite a few factors that you must consider in your decision making. The best way to consider all factors and elements of your business is by conducting due diligence. This is your way of finding out the health of the company; is it really [...]
The mixing of personal and business finances is especially common in the beginning stages of business. It is something that you should work to separate as soon as possible. Mixing personal and business finances is dangerous. This makes it hard to see what your cash flow in the business is, [...]
The world has become more and more digital, which has made cryptocurrencies all of the rage. Cryptocurrencies are generally utilized for transactions by techies and have a comparable value in real currency or replace real currency. These virtual currencies can be purchased with or exchanged into U.S. dollars, euros, and other real or virtual [...]
The new tax law has changed many things about our lives, and medical deductions is one of them. The new law’s final version kept the itemized deduction for medical expenses, and it lowered the adjusted gross income (AGI) limitation from 10% to 7.5% for 2017 and 2018. Here is where it gets a little [...]
“Don’t fear failure, fear being in the exact same place next year as you are today” (Unknown) This is a quote that really encapsulates everything we want to remember throughout the entire year. We are a firm that focuses on growth in ourselves, and especially in our clients. We know from experience that it isn’t [...]
When you first start out in business, it’s standard to service clients from a wide variety of industries. If you are building your client base it’s a smart way to start, and the only way to discover which industry you prefer or have the most success in. After a while, though, it’s important to look [...]
One area where most small business owners can improve their cash flow is in billings and collections. Keeping healthy cashflow is absolutely necessary to maintain a financially secure business. Here are some of our best practices we implement to ensure the health of our own business: Get it right: One legitimate reason for non-payment is a [...]
As you’ve probably heard by now, both the House and the Senate have passed their versions of a tax reform bill set to take effect for 2018. This does indicate that it is very likely that there will be some sort of tax reform coming. And the question everyone has is – how does this [...]
Small businesses need the right financial advice to continue growing, yet are often at a disadvantage because many cannot afford a full-time Chief Financial Officer (CFO). If your business is one of them, perhaps a virtual CFO or vCFO could be useful instead. What can we, as a virtual CFO, do for your small business? Here is everything you [...]
