The Biden Tax Hikes for Small businesses
Last March, I published an article reviewing the small business impact of the then-leaked Biden Tax Reform proposal. This week House Democrats released their summary proposal to the...
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How Do I Forecast with Tax Code 280E?
If you are in the cannabis business you are probably familiar with IRS 280E tax code. This tax code punishes you for selling a controlled substance by prohibiting...
What does a Forensic Accountant Do?
What does a Forensic Accountant Do? Is your small business not making as much profit as you expect? Are you earning profits but always falling short on cash?...
What is a 13 Week Cash Flow Forecast?
A 13 week cash flow forecast is a short term forecast used during liquidity shortfalls to plan a company’s cash flows and avoid financial distress such as missing...
What are the Red Flags of Fraud?
Do you stay awake at night wondering why your business is running out of cash? Have you grown your sales only to see your costs rise equally? Is...
What are Some Business Fraud Examples?
The news regularly has examples of corporate fraud – Wirecard defrauded the public by €1.9B, Matel defrauded of $3M by hackers, Fiat Chrysler salespeople orchestrated $8.7M in wire...
Top 5 Small Business Inflation Strategies
Every day in the news you can read about inflation fears: supply shortages, price increases, stock prices tumbling… And while big papers talk about the NASDAQ and CPI,...
What increased tax enforcement means to small business owners
President Biden’s “American Families Plan” is scheduled to be funded in part by an estimated $700 billion in additional tax enforcement over the coming decade. In his first...
What is a 12 Month Rolling Forecast?
A rolling 12-month forecast projects financial performance over a 12-month time horizon using the “add/drop” approach to forecasting. Unlike a budget or calendar year forecast, a rolling 12-month...
How Biden’s tax reforms affect your small business
Information about tax changes the Biden administration is considering leaked yesterday, creating some big headlines in media. “First major tax hike since 1993” according to Bloomberg. As a...