Business Finance Archives - Page 2 of 2

Should I Buy A Business Vehicle to Save on Taxes This Year?

Now that Halloween is over, you may start to look at year-end tax planning and be pretty scared of what you are facing, if you've had a good year. You are looking at that P&L and seeing all that profit,

Prepare for Year-End for a Great 2025

Whether it is the pumpkin spice lattes in your coffee cups or Christmas decorations in your local Costco, when did you realize that we are coming up quickly on the end of the year? Less than 4 months to go

Written Information Security Plan Required for Financial Companies

Have you asked your Fractional CFO for their Written Information Security Plan (WISP)? Do you even know what a WISP is? Let's take a look at what a WISP is and what it contains. And why they are important to

The 3 Basic Financial Statements for Business Owners

Finances are like the scorecard that tells you how well your business is performing. But is the thought of business finance like getting a lab report after a doctor's visit: total confusion, like you are reading Greek? Let's dive into

When Managers are Liable under the FLSA

Did you know that a non-owner wage-earning manager could have personal liability under the Fair Labor Standards Act for unpaid overtime and minimum wage violations? A new 11th Circuit opinion sheds light on exactly this scenario. Background on the Spears

Court Dismisses Anti-DEI Lawsuit Against Hello Alice

After the Supreme Court's decision in Students for Fair Admissions v. Harvard in 2023 that said colleges and universities could not expressly consider race in the admissions process, we knew it was only a matter of time until similar groups

Court Halts DOL Increase of Minimum Salary for Overtime Exemption

BREAKING NEWS: Today, November 15, 2024, a federal court judge in Texas halted this rule nationwide. More information below. On Tuesday, April 23, 2024, the U.S. Department of Labor issued a new rule raising the salary thresholds for employee overtime

FUTA Credit Reduction Hitting California and New York Employers in January

This January, employers in California and New York will be paying a little extra to repay the states' loans from COVID-era unemployment claims. Both states have outstanding unemployment tax trust fund loans from the federal government. As a result, employers

Preventing Fraud in Your Business

As you grow your business, you have to delegate to employees to handle critical areas of the business. There's no other way to scale - you cannot micro-manage all the departments as you continue to get bigger and bigger. The

Why EBITDA is Crap

Stick around the business world long enough and you'll hear people talk about EBITDA. And by long enough, I mean two minutes or so. But I'm here to tell you that EBITDA is a made up, crap financial metric for