A fractional CFO, or Chief Financial Officer, is a finance professional who works on a part-time, retainer, or contract basis. They bring the experience and expertise of a high-level CFO to your business – without the cost of hiring a full-time, in-house employee. Fractional CFOs service several clients at once typically on a part-time, retainer, or contract basis. Their specialty is providing outsourced CFO services to small and medium businesses.… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Biden, McCarthy reach final deal to prevent default, now must sell to Congress President Biden and House Minority Leader Kevin McCarthy have reached a final deal to prevent the US from defaulting on its debt. The deal must now be sold to Congress, who will need to pass it… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Bill Gates says the big winner in A.I. will be whoever makes a truly useful smart assistant first Bill Gates predicts that AI-powered smart assistants will be the big winner in the future. He believes that these assistants will be able to help people with tasks such as scheduling,… Read more
While it may seem like your working years last forever, retirement still has a way of sneaking up on you. As the years go by, what once seemed like a far off dream can suddenly feel incredibly close. Planning for your retirement might seem like something you can put off until tomorrow–or next year–but the earlier you do it the more time you’ll have to make sure your finances are… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Biden Expresses Optimism Over Debt Limit Deal, but an Agreement Remains Elusive President Biden is in talks with Congress to raise the debt limit and avoid a potential government shutdown. He is proposing a plan to raise taxes on wealthy Americans and corporations to help pay for the increase.… Read more
When you invest your money, it’s a given that you’re willing to take on some amount of risk. There are strategies you can employ to ensure the risk you’re taking is minimal, but it still exists. If you’re comfortable with a lot of risk to enjoy a greater reward, it’s important to understand that you could lose everything you put in. Of course, most of us aren’t putting our money… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. WHO: COVID-19 Pandemic is no longer a public health emergency of international concern The World Health Organization has announced that COVID-19 is no longer a public health emergency of international concern, although it still poses a global threat. The agency has warned that people are still dying from COVID-19… Read more
Starting a small business is both exciting and daunting. While the entrepreneurial spirit may drive you to take the leap of faith, the reality is that you may be entering a market that has already attracted some large competitors. It can be intimidating to think about competing against larger, more established competitors, but it’s not impossible. Here are some steps you can take to help your small business take on… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. JPMorgan is buying First Republic Bank Following news that First Republic Bank was put into receivership by regulators early Monday, JPMorgan announced it would take over the bank. This makes First Republic Bank the third regional bank to be taken over by federal regulators since March and the second-largest… Read more
Debt can be a significant burden on one’s financial life. It can cause stress, anxiety, and make it difficult to achieve financial goals. However, with a little planning and dedication, anyone can create a debt repayment system and get on the path to financial freedom. Here are some tips for managing debt and creating a debt repayment system: Take Stock of Your Debt The first step in managing debt is… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Earnings season shows that things aren’t so bad S&P 500’s Q1 earnings season started better than the previous two quarters, but positive earnings surprises and their magnitude are below 5-year averages. While earnings have improved, the index still shows the largest YoY decline since Q2 2020. Get a detailed… Read more
Managing family finances can be a daunting task, but with the right tools and mindset, it can be a smooth and effective experience. Here are some essential steps for managing your family’s finances, including budgeting, saving, and planning for the future. Budgeting Budgeting is the cornerstone of managing family finances. It involves creating a spending plan that outlines your family’s income and expenses. A budget helps you to keep track… Read more
As a business owner in Brentwood, Tennessee, it’s essential to have a strong financial foundation to ensure the success and growth of your company. However, managing finances can be a daunting task, especially if you’re not well-versed in accounting and taxation. That’s where the roles of CFOs, bookkeepers, and tax accountants come in. In this blog, we’ll explore the responsibilities of each role and how they can help you navigate… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock futures rise as investors await bank earnings Futures tied to major US stock indices rose on Sunday as investors await more earnings reports from major US banks this week, including Goldman Sachs and JPMorgan Chase. Which vehicles are eligible for the new EV tax credit? A new bill… Read more
As businesses grow, managing inventory effectively becomes crucial to staying competitive and maintaining profitability. One key aspect of inventory management is reducing waste and spoilage, which can have significant financial and environmental implications. In this blog post, we will explore best practices for inventory management that can help your business reduce waste and spoilage, creating a more sustainable and cost-effective supply chain. Implement a First-In, First-Out (FIFO) system A First-In,… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Fed expected to raise rates in May Amid the most recent economic data, analysts are trying to predict what it all means for interest rates in the coming months. Watch Yahoo Finance’s Jared Blikre and Seana Smith discuss what could be next here. US economy adds 236,000 jobs in… Read more
When it comes to running a small business, maintaining a healthy cash flow is essential for sustainability and growth. Your business can be incredibly profitable but still ultimately fail because of improper cash flow management. To prevent that from happening, here are some best practices that can help you better manage your cash flow and maintain the financial health of your small business. Remember, the key to success is to… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Why do US banks keep failing? In this video, CNBC discusses the collapse of several banks and the impact it has had on the economy, with over 550 banks failing since 2001 according to the FDIC. New EV tax credit rules make many vehicles ineligible The US Treasury Department… Read more
As a small business owner, it’s essential to find ways to manage your inventory effectively to reduce costs, optimise warehouse space and ensure customer satisfaction. How you manage your inventory affects your cash flow, your customer relationships, and your relationships with vendors. That’s why it’s vital you use a system and process that works best for your business. Among the many methods of managing your small business inventory is the… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Barr says US banking system is ‘sound and resilient’ Vice chair of the Federal Reserve Michael Barr said on CNBC this week that we have no need to worry about our banking system in the wake of Silicon Valley Bank’s collapse. Crypto prices drop as CFTC sues Binance for… Read more