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One Big Beautiful Bill – Business Highlights
Big changes are here for businesses under the One Big Beautiful Bill Act (OBBB)—and many of them are pro-growth and pro-investment. Whether you’re a C-Corp or pass-through entity, the updates offer real planning opportunities across tax, credits, and depreciation. Here are the key highlights: ✅ Flat 21% corporate tax rate remains unchanged✅ QBI deduction increased…
Transformative CPA Firm
Cross + Co was formed when I was the VP of Finance at a major medical practice that operated oncology for New Jersey’s largest hospital system. Spearheaded the acquisition of the medical practice by a global pharma organization for $1.1bn. At Cross + Co we stand for culture, and our culture starts with: #1 Transforming…
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…
Hiring a Bookkeeper: When Is It Time to Pull the Trigger?
If you’re a small business owner who’s been juggling bookkeeping along with everything else, you’re not alone—and you’re likely overdue to delegate. The hesitation often stems from thinking, “It’s just a few hours a week,” or “My books are too messy to hand off.” The truth is, pulling the trigger earlier can be one of…
Start-Up Financial Modeling
So you’ve got a startup idea and maybe even a pitch deck—now what? Creating a financial model isn’t just about plugging numbers into a spreadsheet—it’s about translating your vision into a roadmap that investors, partners, and you can believe in. A good model answers critical questions: What are your startup costs? When will you break…
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.…
Static Budget vs. Rolling Forecast—Why You Need Both
Have you ever wondered how combining rolling forecasts with static budgets can transform your financial planning? A static budget sets a clear benchmark for strategic goals, providing the discipline and focus needed to manage expenses and resources effectively. Static budgets lack ability to shift in today’s fast-paced environment. That’s where rolling forecasts come in—they promote…
Health Ratios: Financial Management
Understanding key financial ratios is essential for maintaining a healthy and sustainable medical practice. As a CPA and CFO, I’ve seen firsthand how critical these metrics are. Ratios such as: These ratios offer valuable insights into your practice’s financial stability and operational efficiency. Just as we ask our patients to monitor their health, it’s imperative…
Data Analytics & SMBs: A Competitive Advantage in 2025
As a CPA and CFO, I’ve seen firsthand how data analytics is no longer a “nice to have” for SMBs—it’s essential. Today’s cloud-based accounting and CRM platforms generate real-time insights that empower small businesses to spot cash-flow trends, optimize inventory levels, and improve profitability. By leveraging dashboards and predictive models, SMB leaders can make data-driven…
𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲𝗱 𝗧𝗮𝘅 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀: 𝗛𝗼𝘄 𝗧𝗵𝗲𝘆 𝗪𝗼𝗿𝗸
Now that you have filed your 2024 Income Tax Return and liability, its time to estimating income and estimated tax payments for 2025. If you’re self-employed, a freelancer, or earn income without sufficient withholding (like investment or rental income), you may need to make estimated tax payments. The IRS requires quarterly estimated payments under the…