Cross + Co - Insights
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…
Mid-Year Checkpoint: Are Your Business Books in Order?
We’re now past the midpoint of 2025—an ideal time to assess the state of your business’s financial records. Mid-year reviews aren’t just about compliance; they’re about strategy, clarity, and readiness for what’s ahead. Here’s a quick checklist to guide your review:✔ Reconcile bank, credit card, and loan accounts✔ Review YTD financial statements—P&L, balance sheet, cash…
The Crucial Role of Financial Statements in SMB Success
Financial statements are non-negotiable for your SMB’s success because they offer a real-time window into your company’s health and trajectory. By regularly reviewing your balance sheet, income statement, and cash flow statement, you gain the insights needed to make informed decisions, manage cash effectively, and spot growth opportunities before they pass you by. Not merely…
Bonus Depreciation Is Back — A Strategic Win for SMBs
The return of 100% bonus depreciation under the OBBBA offers small and mid-sized businesses a major opportunity to accelerate deductions for qualified assets placed in service. This means faster cost recovery and improved cash flow—two critical factors for growing operations. Paired with the enhanced Section 179 expensing limit of $2.5 million, business owners now have…
Scaling Your Business – A Balancing Act
As businesses scale, so do their financial complexities. Outsourcing financial functions can provide the expertise needed to handle this growth seamlessly while allowing internal teams to focus on core operations. By partnering with experienced professionals, companies can obtain the following outcomes: It’s not just about cost savings; it’s about ensuring your business is set up…
Revenue – Proper Reporting
Revenue is more than just a top-line number—it’s a reflection of how well a business understands and delivers value. Accurate revenue reporting builds the foundation for strong financials and informed decision-making. Following is a five-step model giving stakeholders a true view of performance: Misclassification or premature recognition can distort the entire financial picture. Clear, consistent…
Expenses – The Strategic Spend
As a CPA and CFO, I view expenses not just as costs to manage—but as opportunities to drive value. Strategic spending aligns every dollar with business priorities, whether it’s investing in talent, technology, or scalable infrastructure. It’s not just about cutting costs—it’s about spending intentionally strengthening operations and fuel growth. Key areas like automation, training,…