Benjamin-Franklin-on-a-dollar-bill-wearing-a-mask_Covid-19_business-owners-need-to-change-financial-budget-and-business-plan_blog-by-Rolf-Neuweiler_www.a2zCFO.com_.jpg

A Crisis Calls for Changing Financial Budget and Business Plans

The world today is very different than it was 6 weeks ago. Before the Covid-19 lockdown, the U.S. economy was strong, the  bull market was high, and unemployment was low.  As our economy is slowly and gradually opening up, we are facing unprecedented unemployment, business closures, large numbers of people working from home, and many…

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…