WHEN TO HIRE A FRACTIONAL CFO
If your small business is growing (and especially if it is growing rapidly) or you are facing a financial challenge, a fractional CFO can be a valuable asset. These CFOs…
Read more »NEW TAX TREATMENT FOR R&D EXPENSES IN 2022
The Tax Cuts and Jobs Act (TCJA) of 2017 made significant changes to the income tax treatment of research and development (R&D) expenditures. Prior to the TCJA, businesses were allowed…
Read more »ARE YOUR BANK DEPOSITS SAFE?
(The roles of the CEO and CFO: a collaborative opportunity) Yesterday, Treasury Secretary Janet Yellen said that the Federal Deposit Insurance Corporation (FDIC) was not considering providing “blanket insurance” for…
Read more »THE SAVINGS AND LOAN CRISIS AND SILICON VALLEY BANK: DEJAVÚ
The Federal Savings and Loan Insurance Corporation (FSLIC) crisis during the 1980s and early 1990s was one of the most significant financial crises in the United States. The crisis resulted…
Read more »THE GROWING OPPORTUNITY IN THE HEMP CBD MARKET: WHY CANNABIS COMPANIES SHOULD TAKE NOTICE
The Cannabis Industry has rapidly grown for many years, with legal sales projected to reach staggering heights of $73.6 billion by 2027. As the industry matures and becomes increasingly competitive,…
Read more »BUDGETING AND PLANNING WITH INTERNATIONAL OPERATIONS – THE “PLAN RATE”
In the 90’s, I was the head of finance for a US company’s European operations. Before the advent of the Euro, we had to deal with operations in Dutch Guilders,…
Read more »>>>ALERT! CYBER CRIME AWARENESS<<<
Recently, a few of our clients have experienced unrecoverable losses due to fraud activity: One client received an e-mail from a spoofed vendor e-mail account requesting future payments be made…
Read more »LEASE ACCOUNTING: It’s He-e-e-e-r-e!
Yes, the change in accounting for leases is finally here. What has been the law of the land for public companies since 2018 is now required for private companies whose…
Read more »WHEN TO OUTSOURCE YOUR ACCOUNTING
When I talk with business owners, a frequent complaint is lack of time to focus on the things they love to do to help their customers. Since that passion is…
Read more »CANNABIS WORKERS’ COMPENSATION DIVIDEND PROGRAM
As a partner, co-leading our cannabis practice at CFOs2GO, I have engaged with several industry professionals serving the cannabis industry. One of these professionals is Kevin Tarango, Leader of the…
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