Does My Business Debt Need Restructuring?
Most small businesses need some form of debt to function efficiently (with a few exceptions, such as venture-backed software companies.) Proper levels of debt not only improve company...
Small Business
Understanding Small Business Taxes in 2021
It is a new year and new set of small business taxes. This year will be particularly complex as provisions from the CARES act unwind and the sales...
What is Cost Accounting?
Cost accounting is the specialized discipline of managerial accounting focused on timing and attributing costs accurately. Although the concept of cost accounting is simple, the actual practice is...
How do I find an Angel Investor?
It is very common for a small business to need an infusion of capital at some stage of development. Other than wealthy family members and friends, how do...
Entrepreneurial lessons from $GME and r/Wallstreetbets
Have you been watching r/Wallstreetbets? At CFOshare, my team is excessively entertained by what’s happening with $GME. The $GME short squeeze was unprecedented in financial history, so what...
How to Calculate Sales Forecast for a New Business
Projecting sales is the most important and challenging piece of forecasting, especially for new businesses with little to no historic data. Many small business owners don’t know how...
What Are the Differences Between Bookkeeping and Accounting?
Bookkeeping and Accounting are part of the same profession and are often confused as the same thing, however they are different activities. Bookkeeping is transactional and administrative record...
How to Compare Budget vs Actual
A small business budget is not much use if you do not compare it against actual performance. This classic method of evaluating performance stands as one of the...
PPP Second Draw Details for Small Businesses.
After 2 months of ongoing debate and negotiations, congress and president Trump signed a new stimulus bill which includes a second round of PPP loans. We at CFOshare...
How to Create a Business Budget
We all know we should build a budget – after all, a budget is one of the four essential forecasting tools and a cornerstone of financial planning. But...