Cross + Co - Insights
179 Deduction or Bonus Depreciation: Which Is Right for You?
When investing in equipment or assets, one big question is: “How can I maximize my deductions?” ✅ Section 179 Deduction – Allows you to immediately expense eligible assets, but up to an annual limit (ideal for small to mid-sized businesses).✅ Bonus Depreciation – Lets you deduct a percentage of asset costs in the first year,…
Starting a Business: LLC or S Corp?
As a CPA and CFO, I’m often asked which entity type is best. The answer depends on your priorities—but here are the big differences: ✅ LLC – Simple structure, flexible management, fewer compliance requirements✅ S Corp – Potential tax savings by splitting income between salary and distributions✅ LLC – Great for startups and owners who…
Your Data Already Knows the Future — Are You Listening?
I use data analytics and forecasting to turn noise into signal so leaders can make smarter, faster decisions.Strong analytics starts with clean, well-structured data and a short list of KPIs that tie directly to cash, growth, and risk.From there, rolling forecasts and scenario modeling (best/base/worst) let you pressure-test assumptions before you spend a dollar.Real-time dashboards…
Is Your Business Passing Its Financial Health Check
As a CPA and CFO, I see financial ratios as your business’s vital signs.They provide quick insights into whether your company is financially healthy and ready for growth. ✅ Current Ratio – Can you cover short-term obligations?✅ Debt-to-Equity – Are you balanced between borrowing and ownership?✅ Gross Margin – Are your operations profitable enough to…
IRS S Corp Election Income Splitting: What Business Owners Need to Know
The S corporation election is a tax designation that allows a business to ‘split the income.” Profits and losses “pass through” directly to the owners’ personal tax returns, avoiding the double taxation that affects standard C corporations. 🔹 Split of Income – Owner-employees can divide profits between: 🔹 Why Businesses Elect S Corp Status ✅…
Unrelated Business Income for Non-Profits
Unrelated Business Income for Non-Profits: What You Need to Know Few topics cause more confusion for nonprofit leaders than Unrelated Business Income (UBI). UBI arises when a nonprofit regularly earns revenue from commercial activities that aren’t substantially related to its exempt purpose—think beyond donations and mission-driven programs. While not illegal, UBI is taxable, and mishandling…
Concentration Risk: Are You Too Dependent?
In accounting, concentration risk happens when a business relies too heavily on a few customers, vendors, or industries—creating hidden vulnerabilities. ✅ Customer Risk – Losing one major client can destabilize revenue.✅ Vendor Risk – Supplier disruption can halt operations.✅ Sector Risk – Industry downturns hit harder when you’re concentrated.✅ Asset/Credit Risk – Overexposure increases financial…
Build Your Business’s Financial Backbone
As a CPA and CFO, I’ve seen firsthand how a strong financial structure can make or break an SMB. Here are five key steps to set up a solid foundation: A well-structured financial framework isn’t just about numbers; it’s about making informed decisions that drive growth. Let’s keep moving forward together! Let’s connect about finding…
One Big Beautiful Bill Highlights
One Big Beautiful Bill is here—and it’s packed with deduction updates that matter. Here are some of the most impactful changes to keep on your radar for 2025: ✅ New Above-the-Line Deductions:• Up to $25,000 in cash tips *Deduction not exclusion• Up to $25,000 in overtime pay *Deduction not exclusion• Up to $10,000 in interest…
What are your biggest accounting concerns as a business owner?
Running a business comes with its fair share of accounting challenges, and I’m curious: what are your business accounting concerns right now? As a CPA and Fractional CFO, I often hear from business owners who are navigating complex accounting challenges—cash flow issues, compliance uncertainties, unclear financial reporting, or simply not knowing where to start. You’re…