Blog Updates

Proactive Accounting: Shaping the Future of Finance

As a CPA and CFO, I’ve seen firsthand how proactive accounting transforms the financial landscape. By integrating automation and advanced analytics into daily operations, we shift from reactive to strategic decision-making. This approach not only enhances accuracy and efficiency but also empowers our teams to focus on higher-value tasks. The result? Stronger financial health and…

Why SMB’s Fail

It often comes down to cash flow—many owners focus on daily expenses but lack visibility into long-term revenue and profitability. Another common issue is poor delegation; trying to do everything alone leads to burnout and inefficiency. Without a clear, adaptable business plan, businesses struggle to navigate challenges and seize opportunities. Let’s not forget marketing—great products…

Debt vs Equity Funding

Exploring Funding Options: Debt vs Equity As a CFO and CPA, I understand the critical decisions involved in funding your business. Let’s dive into the two primary routes: Debt and Equity. Debt Financing: Access cash quickly with options like SBA loans, term loans, or business credit cards. Pros include tax-deductible interest and maintaining full ownership.…

CFO Adds Value

What is accounting/finance that adds value to your business? It is not merely to pay taxes, or to feel comfortable that your books are correct. Real value derives from the insights you receive from: = 3. Future projections that are invaluable to decision making A good bookkeeper simply achieves comfortability. Leveraging a Fractional Controller or…

Restaurant Financial Metrics

As a CPA and CFO, understanding key metrics in the restaurant industry is essential for financial health and operational efficiency.  A few crucial metrics: 2. Gross Profit after Prime Costs (GPPC)-  helps in understanding the true profitability after accounting for food and labor. 3. Total Sales Per Head- indicates how efficiently your team is generating…

Exploring SEP IRAs: Simplify Your Retirement Strategy

As a CPA and CFO, I often navigate the complex world of retirement planning. Today, let’s dive into Simplified Employee Pension Individual Retirement Accounts, or SEP IRAs, and why they’re a game-changer for businesses of all sizes. 1️⃣   Accessibility & Eligibility: SEP IRAs aren’t just for large corporations. Whether you’re a freelancer, small business owner,…

Preparing for Tax Filing 2024: Key Steps to Take Now

Tax season is just around the corner, and now is the perfect time to get ahead. Start by organizing key documents like W-2s, 1099s, and receipts for deductions—having everything in one place makes filing much smoother. Take a moment to review your filing status and consider whether itemizing deductions could benefit you this year. Don’t…

Dynamic Financial Statement Projections & Forecasts

As a CPA and CFO, I’ve witnessed the transformative impact of financial statement projections and forecasts.  It’s not just about predicting numbers; it’s about empowering strategic decision-making. With accurate projections: 1️⃣   You gain insight into future financial trends, allowing for proactive adjustments. 2️⃣   Month-over-month and quarter-over-quarter variances become clear, enabling swift course corrections. 3️⃣   You…

Excel & Accounting

Excel is a powerhouse tool for accountants and finance professionals alike, offering unmatched flexibility and accessibility. For small businesses or self-employed individuals, it’s often an ideal solution because it’s already included with Microsoft 365 and can be customized to fit specific financial needs. However, Excel’s greatest strength—its flexibility—can also be a drawback. Without built-in accounting…

Navigating Campaign Funding: Key Insights on Compliance and Strategy

Campaign funding is a critical part of any political campaign, but it comes with a maze of regulatory requirements. At both the state and federal levels, campaign finance laws dictate how contributions are raised, reported, and spent. These laws ensure transparency, limit influence, and help maintain public trust in the process. Candidates rely on contributions…

SMB Financial Structure

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 discuss!

Bookkeeping: The Foundation of Smart Money Management

Every business decision relies on one thing: accurate financial data. Bookkeeping isn’t just a task—it’s the cornerstone of healthy financial management. Without clean, up-to-date records, businesses risk making decisions in the dark. Bookkeepers handle the day-to-day financial details, such as recording transactions and categorizing expenses. Their work ensures that accountants and CFOs have reliable information…