Affordable Small Business CFO

There are multiple factors that can contribute to your credit card limit. Income, debt-to-income, credit history, type of credit card and even your limit on other cards all play a role in the determination of your credit card limit. We keep your finances in order so you can continue focusing on what you love! Call us at 469-883-3301 to schedule a consultation.

Alternative public offerings are a mixture of reverse mergers with a private investment of public equity. It permits businesses to an initial public offering. Stop being your own accountant. Talk to us today at 469-883-3301 about how our comprehensive service can benefit your business!

A business credit card can be a very smart financial decision for saying on top of managing your company’s expenses and to build credit. Before applying, there are several things you should consider to ensure you’re making the most of your business’ financial needs.

What to Know Before Applying for Business Credit Card | www.financialhotspot.com Applying for a business credit card can be a smart financial move for managing your company's expenses and building credit. However, before you dive into the application process, there are several important factors to consider to ensure you're making the right choice for your business's financial ne...

With up-to-date financial records, you can make sound financial decisions, stay organized, protect yourself from potential losses or threats, look for opportunities, and build trust with customers and investors. Failure to keep the records updated can mark your business as a fraud at worst and end up paying penalties. We'll save you hours of confusion and stress - you can count on that! Contact us today at 469-883-3301 for more information about our services.

Your business isn't bookkeeping, but it is ours. Let us take care of it for you! Contact us today at 469-883-3301.

When starting your business, you'll have to choose one of two different accounting methods: cash or accrual. Cash-based accounting is typically used for small, first-time businesses where sales and expenses are recorded only at the time of payment. Accrual accounting is more complicated to cash-based accounting. Sales or expenses are recorded when they're incurred, even though the payments will begin at a later date. The accrual method encompasses a longer-term view of the business across multiple periods, and it’s the standard among larger companies and financial institutions. Take a moment to determine what you think will be fit your business, and if you need additional help with your businesses accounting - don't hesitate to call us today at 469-883-3301!

Part of securing your family’s financial future is estate planning. As a married couple, this step not only manages your assets, but also ensures that your loved one are properly taken care of reflecting your shared financial goals. Remember it is a collective effort that involved thoughtful consideration of future aspirations.

Estate Planning Tips for Married Couples | www.financialhotspot.com Embarking on the journey of estate planning as a married couple is a pivotal step toward securing your family's financial future. It's not just about managing assets; it's about creating a legacy that ensures your loved ones are taken care of. In this blog post, we'll explore essential estate planni...

As business consultants, we will work alongside our accountants to create financial predictions and budgets for you. Together as a team, we will set reasonable financial objectives, manage resources wisely, and compare actual results to the budget. Give us a call to get started today at 469-883-3301.

What do you have on your Personal Finance Checklist? Let us know if the comments below! Searching for a skilled and professional accountant? Look no further! Contact us at 469-883-3301 to schedule your consultation. We look forward to working together!

Keeping accurate and up-to-date records increases a small business’ chances of success and are especially important to have for tax time. Try creating a folder of all paper receipts based on expense type, vendor, or supplier. For more small business accounting tips, contact us today at 469-883-3301!

As a business owner, navigating tax debt and knowing your options for resolving it effectively is essential. By being proactive, the strategies you can take towards tax relief and relieving the burden of financial stress can be easy! Don’t let tax challenges overwhelm you and your business.

Options for Businesses Facing Tax Debt | www.financialhotspot.com Navigating tax debt can be a daunting challenge for any business owner. Whether you're struggling to meet your tax obligations due to unexpected financial setbacks or facing penalties for past non-compliance, it's essential to explore your options for resolving tax debt effectively. From negotiating...

We're here to help you. You've got questions and we've got experienced CPAs! Call us at 469-883-3301.

Setting short-term financial goals as well as mid-term and long-term ones are important steps toward becoming financially secure. If you aren’t working toward anything specific, you’re likely to spend more than you should. Key short-term goals include setting a budget, reducing debt, and starting an emergency fund. Medium-term goals should include key insurance policies while long-term goals need to be focused on retirement. We keep your finances in order so you can continue focusing on what you love! Call us at 469-883-3301 to schedule a consultation.

Estate contains what an individual possesses from their real estate and vehicles to their bank accounts and stocks. If an individual dies, their estate could be subject to an estate tax - often called a "death tax." The IRS calls it a tax on your right to pass on your property at your death. You've got questions and we've got experience! Call us at 469-883-3301.

Did you know that repatriating funds can significantly impact your business’ financial strategies, investments, and competitiveness in the global market? Its true! It is a critical aspect of operating international business and requires careful planning to ensure optimum globalized economic performance.

How Repatriation Can Impact Your Business | www.financialhotspot.com The decision to repatriate funds can have profound implications for businesses, influencing their financial strategies, investment decisions, and overall competitiveness in the global market. Tax repatriation, the tax that applies when bringing profits earned overseas back to the home country, is a....

2024 is the year of taking your business to the next level. We are here as your consultant to guide you along this path. Running a business is hard, but data shouldn’t be. Contact us at 469-883-3301.

Putting money in alternative investment funds provides a variety of compelling reasons. These funds frequently show the possibility for higher returns compared to traditional investments, owing to their display of unique and less correlated markets. We'll save you hours of confusion and stress - you can count on that! Contact us today at 469-883-3301 for more information about our services.

1. Estate Taxes are Only Effective if the Estate Has a Greater Value than the Threshold.

2. Not All Estates are Subject to Federal Estate Taxes

3. The Normal Rate Paid for Estate Taxes is 18%

4. Asset Transfers to Living Spouses are Spared from the Estate Tax

5. Estate Taxes Are Different from Inheritance Taxes.

To schedule a consultation, contact us at 469-883-3301.

If your records are disorganized, you have inaccurate financial reports, cash flow problems, and issues with tax compliance, your bookkeeping system is likely failing you. Healthy bookkeeping is essential for your business success. Take the proactive steps to organize your records effectively to avoid devastating professional mistakes to ensure the long-term financial health of your company.

5 Signs Your Bookkeeping Is Failing | www.financialhotspot.com Bookkeeping is the backbone of any successful business. It's the process of recording, organizing, and managing financial transactions. When done right, it provides valuable insights into your company's financial health and helps you make informed decisions. However, if your bookkeeping is failing,....

A business’s cash flow indicates liquidity—how much money there is to immediately pay expenses, and having consistent cash flow is a key sign of a successful business. Small business owners can create a cash flow statement to gauge the timing of money coming in vs. going out. Some ways to improve cash flow include: building in margin of error in cash flow projections, creating cash reserves for when flow fluctuates, and adjusting customer or supplier payment terms. Looking for assistance with your business accounting? Give us a call today at 469-883-3301

Running a business is hard, but bookkeeping shouldn't be. Let our professional bookkeepers handle it for you! Contact us at 469-883-3301 to get started.

You might have heard the terms estate tax and inheritance tax used interchangeably. They are, in fact, two different types of taxes! Estate taxes are paid by — you guessed it — an estate! Inheritance taxes are paid by heirs (i.e., the people getting the inheritance).

Only six states have an inheritance tax: Iowa, Kentucky, Maryland, Nebraska, New Jersey and Pennsylvania. Call us at 469-883-3301 for any questions regarding these taxes.

Honoring all the mothers today💐

Because the world of tax laws, regulations, and financial responsibilities are difficult to navigate, the assistance of a tax attorney is an invaluable tool. Protecting your finances and ensuring that you are compliant with tax laws is essential if you have complex tax situations or if you are going through an IRS audit.

7 Reasons to Consult a Tax Attorney | www.financialhotspot.com When it comes to navigating the complex landscape of tax laws, regulations, and financial responsibilities, consulting a tax attorney can be a strategic move that pays dividends in the long run. As a taxpayer, you may find yourself facing various situations where the expertise of a tax attorney beco...

So you've been told that as a business owner, you should look into hiring a business consultant, but what exactly do they do? It's fairly straightforward, a business consultant primarily assists with identifying and overcoming the obstacles that arise along a company’s path to meet its goals. Want to learn more about business consulting and how it can help you? Follow our page today and call us at 469-883-3301 for more information about our services!

The key to taking control of your bookkeeping is having a budgeting plan. Tracking your costs means knowing exactly where all your money is going each day. Small expenses can add up, and if it is not accounted for, it can slip off the radar. Overtime, these tiny amounts multiply, creating a ripple effect that is unaccounted for. Keep your small business books in order with our bookkeeping services! Give us a call at 469-883-3301 to get started today.

It's never too early to get a start on your taxes! Don't let important tax deadlines pass you by - let us handle it for you! Contact us today at 469-883-3301.

Setting personal financial goals shouldn’t seem like a daunting task. In fact, it should be motivating! Securing your financial future to purchase a home, start a business, or retire in a heathy spot helps you take control of your future and success. Set clear and achievable goals that align with your aspirations and priorities.

Tips for Setting Your Personal Financial Goals | www.financialhotspot.com Setting financial goals is a crucial step toward securing your financial future and achieving long-term success. Whether you're aiming to buy a house, start a business, or retire comfortably, having clear and achievable financial goals can provide you with direction and motivation. In this blog post...

An important step in estate planning involves the trustee, who is the one who will carry out the wishes as specified. It is smart to ask the potential trustees in advance if they want such a role, so that they are not caught off guard once they find out they have been chosen and named. Need help? Contact us at {%Phone) to schedule an appointment!

A key component of bookkeeping is accounts payable (AP). It aids small business owners in knowing who payments need to go to. AP contains unpaid invoices that have yet to be settled and are an essential part of your company's debts. Books behind? Get caught up by contacting us at 469-883-3301 to discuss how we can help you!