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Controller vs CFO, which one suits your business needs?
A controller and Chief Financial Officer is the of focus they cover. Controllers are more for today’s events and day-to-day details while CFOs focus on the future and bigger, broader events
Key Reasons Small Businesses Should Have Strategic Planning
Strategic Planning
Navigating the Red Tape: A Guide to Avoiding Unallowable Costs in Federal Contracts
Navigating the world of federal contracting involves more than just managing budgets, it requires a keen understanding of what expenses can and cannot be reimbursed. Unallowable costs are those expenditures that federal agencies will not cover, as defined by the Federal Acquisition Regulation (FAR) and other federal guidelines. Examples include entertainment expenses, lobbying costs, fines, personal expenditures, political contributions, and bad debts. Mismanaging these costs can lead to audits, financial penalties, and even suspension from federal contracts. To avoid these pitfalls, it is crucial to educate your team, implement robust internal controls, and stay updated on federal regulations. By mastering the management of unallowable costs, you can safeguard your project’s budget and maintain compliance, ensuring a successful contracting experience.
Unlocking the Power of FP&A: Why Small Businesses Can’t Afford to Miss Out
FP&A isn’t just for the big leagues! Small businesses need financial planning and analysis (FP&A) to thrive, grow, and stay ahead of the competition. Learn why it’s a game-changer.
4 Reasons a Small Business Needs a CPA
4 Reasons a Small Business Needs a CPA For many small business owners, the ongoing demands of daily operations and the constant change of laws and regulations present a daunting challenge. With limited resources and expertise, these entrepreneurs often find themselves...
The Importance of Data Security for Small Businesses
The Importance of Data Security for Small Businesses Small businesses are growing more vulnerable to cyber threats and data breaches. They have become a prime target for hackers. Cyber criminals focus on these types of businesses because they often lack...