Do you own your own business or are self-employed? Have you ever wondered how you can maximize your business tax deductions? Maybe you have asked yourself what you can and what you can’t deduct on your taxes? The quick answer is that you can’t deduct personal expenses for business. As this point you have questions. One
Every business needs financial statements so entrepreneurs and managers can monitor performance, attract investment capital, and borrow money. Not all financial statements are created equal, so as a business owner, you need to know what type is going to serve you the most. Audited financial statements are considered the “top tier” in financial reporting. While public
A financial audit for a business is a review and examination of the books to determine the health of its finance and accounting processes and controls. Audits can provide a business with credibility to obtain funding in the way of debt and investments, as well as provide outside entities a level of trust and assurance.
Fractional CFO is the industry term for an outsourced Chief Financial Officer (CFO); a high-level professional who replaces the need for an internal CFO. Not long ago there was no formalized concept of the Fractional CFO position. Some professionals operated in this capacity via relationship referrals or as an interim-CFO, but it wasn’t typically commonplace.
