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On a basic level, a virtual CFO (or vCFO for short) is exactly what it sounds like. This is someone who performs all of the services normally associated with a chief financial officer, only in a third-party capacity. Instead of going to the trouble (and expense) of hiring, training and bringing someone with these qualifications into your organization, you’re getting access to someone who can handle all of this remotely on a schedule that works...
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In the face of the global pandemic and the subsequent economic crisis it has spurred, the federal government has taken several steps to protect small business owners. One of the most notable of these steps is the offering of Paycheck Protection Program (PPP) loans, which are being trumpeted as forgivable loans. Though the loans are indeed forgivable, the requirements for forgiveness are not as broad as many borrowers originally thought. Requirements for PPP Loan Forgiveness At...
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If you had to make a list of some of the most pressing issues facing business owners in the modern era, cybersecurity would undoubtedly be near the top.  But the major thing that many people don’t realize until it’s far too late is that the common image you think of when you hear the term “hacker” — that is, someone with years of extensive computer experience trying a myriad of different techniques to gain access to...
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If you are an employee of a corporation, as an incentive to continue employment, the company may offer you the option to purchase shares of the corporation at a fixed price at some future date so that you can benefit from your commitment to the success of the company by sharing in the company’s growth through the increase in stock value. But before we get too involved with the tax issues, you need to know...
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