Q: What is the value of obtaining a valuation for Financial Planning For all business owners, a must have – understanding the value of their business plays a major role in determining whether they’ll reach their personal financial goals, should…
Virtual CFO services refer to financial management and advisory services that are offered remotely, rather than in-person. This type of service is becoming increasingly popular as businesses look for ways to reduce costs and increase efficiency. One of the main…
Outsourced or Virtual CFO Services represent a modern solution for businesses seeking expert financial guidance without the costs associated with a full-time employee. These services, delivered either remotely or in person, by experienced professionals, encompass a range of financial tasks,…
Recent IRS regulations have unveiled new standards for the participation of long-term part-time employees in 401(k) retirement plans. The changes, set to take effect from 2024, originate from provisions in the Secure Act 2019 and Secure 2.0 Act 2022. Notably,…
As a business owner, you already know that starting a company is just the first step in the long journey to success. One of the most crucial elements of building a successful business is developing a functional and dynamic business…
A troubling statistic from Forbes reveals that a whopping 75% of small businesses lack a Buy-Sell Agreement. That’s like playing Russian roulette with your future and the future of your loved ones. Let’s face it, nobody wants to think about…
A cashflow budget is an important tool that every business owner should have. It helps to ensure that your business has enough cash to meet all its needs, including payroll, inventory, and other expenses. A cashflow budget can also help…
Variance report is an essential tool for small business owners to gain insight into their financial performance and keep track of their expenses. It is a report that compares budgeted amounts to actual amounts, highlighting areas of over or under-spending.…
Starting a small business is an exciting journey, but it comes with many challenges, especially when it comes to financial planning. Budgeting is one of the most crucial aspects of any small business’s success, yet many small business owners skip…
Annual budgeting is a crucial process for any business, big or small. It involves creating a financial plan for the upcoming year and helps in determining how much money needs to be allocated to different areas of the business. This…