Every day, millions of self-employed workers all across America convince themselves they don’t need a tax strategy. That’s a shame because they lose the opportunity to keep more of their hard-earned income and solidify their solopreneur lifestyle. Today’s blog post will debunk some of the most common tax strategy myths solopreneurs tell themselves. Let’s go!…… Read More

As a small business owner, you’re probably bombarded with emails and ads about tools to help grow your business. Ironically, the Internal Revenue Service provides one of the best ways: taxes.   That’s right, you can use taxes to your business advantage. And why not?  As Ben Franklin said, taxes are one of the only two…… Read More

Growing businesses often find themselves in personnel limbo when hiring new financial leadership. They need help but can’t afford a full-time Chief Financial Officer.  Enter the fractional CFO, which is just a fancy name for a part-time CFO.  Fancy names aside, a fractional CFO can provide your growing business with interesting options to smooth the…… Read More

Last week’s blog post provided an overview of sales tax for small e-commerce businesses. It discussed economic nexus, and that’s a good start. However, sales tax for e-commerce deserves a deeper dive because mistakes can have serious economic consequences. That’s why this week’s post will go into more depth on common sales tax mistakes and…… Read More

  There’s no doubt e-commerce is the way to go for many budding entrepreneurs. From food to fashion, if you can ship it, then there’s an opportunity to expand your business to markets traditional storefronts only dream of.  But there’s also a lot to consider in terms of taxes, accounting, and regulations. So, before you…… Read More

June has been all about forecasting so you can meet your business goals. While forecasting can yield huge dividends, you probably noticed a thread of uncertainty in some of the assumptions. A sensitivity analysis is a way to overcome those issues. No, a sensitivity analysis isn’t about discovering your inner self or coming to grips…… Read More

Financial forecasting has been the focus of this blog all month, and this week, we will tackle what may be the trickiest forecast of all: revenue. Compared to expense projections, revenue forecasting can be challenging, especially for start-ups. But don’t worry. This post will clarify revenue forecasting, why you should do it, and how to…… Read More

Last week’s post on cash flows briefly touched on forecasting expenses, but this topic deserves a more in-depth look. Of course, expense forecasting is important, providing your business with insight that can help it grow and even outpace the competition. But there is some argument about whether it can be a do-it-yourself arrangement or if…… Read More

Cash flow is the lifeblood of a small business. It’s also one of the most misunderstood terms in the business world. Today’s post will not only clarify the confusion surrounding cash flow but also show you how to project it. That way, you can make smarter decisions about cash allocation and reach your business goals.…… Read More

You’ve worked hard and want to ensure your efforts live on after you’re gone. That’s where estate and trust tax planning comes in. Getting the basics down now will help build generational wealth and preserve your legacy. But there’s a lot that goes into it. So, this post will help you establish a foundational understanding…… Read More