a2zCFO, financial, plan, strategies, annual projection, family office, small business, nonprofit, accounting, controller, www.a2zcfo.com,budget, personal, planning, spending, saving, financial goals,

Personal financial budgeting

We all have heard these:  “Money doesn’t grow on trees.”  “Save money for a rainy day.” “Failing to plan is planning to fail.” However, about ⅔ of Americans do not budget. Many live paycheck to paycheck. Financial stress often spills into relationships and family life.   Budgeting is about intentional spending and mindful living. Budgeting…

Business Meal Scene

New Tax Law – Are “Meals” and “Entertainment” Still Deductible?

In the tax reform bill Congress approved last December, entertainment, amusement, or recreation or any expenses with respect to such a facility do not qualify for a tax deduction. Where does this leave “meals”? I have received many questions asking if meals are still deductible. Companies’ Holiday Parties: 100% Deductible Employee Only / Holiday Parties…

CPA & CFO working together for tax savings for a business

CFOs & CPAs Work in Synergy to Optimize Tax Strategies and Savings

Maximizing tax savings for a company and its owner requires teamwork between both its CFO and CPA, each contributing different perspectives, skills, and functions. However, many business owners believe that they do not need a Chief Financial Officer (CFO) when they have a tax CPA. There is good reason for this confusion as some CFOs…

systematic and strategic planning customized to a business' accounting system, software

How to Convert Accounting Systems Successfully – Steps, Precautions, and Preparation

As with all business systems, accounting software and systems become outdated and inappropriate for a company’s growing needs.  There is always a great deal of excitement and anxiety when implementing a new accounting package.  Throughout my career I have been involved with many system conversions.  Time and time again these conversions often seem to be…