Why Virtual CFO Services are Essential for Modern Businesses?

The virtual chief financial officer is a new concept. It is particularly beneficial for small—and medium-sized businesses that practice remote work. Virtual CFO services can help enhance growth, which would otherwise not be possible.  This article will talk about what virtual CFO services are. It will shed light on the services they offer. We will

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Why Does Your Company Need an Outsourced Chief Financial Officer?

Today, businesses contract out a number of things, including payroll, accounting, and marketing. However, many business owners do not realize they can also outsource finance functions.  You can get high-level financial guidance. All this without hiring an in-house expert. Consider hiring an outsourced chief financial officer.  Let us see why your company should consider this

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Can You Have More Than One Business Vehicle?

Contrary to popular belief, the IRS does not limit business owners to claiming deductions on only one business vehicle. You might maximize tax benefits by using multiple vehicles for business purposes. This is particularly true when you use the vehicles predominantly (more than 50 percent) for business, you drive more business miles than your spouse,

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Important Tax Rules For Foreigners Moving To The United States

Say you have a friend who moved to the U.S. from Greece. Here is a high-level look at eight tax considerations your friend needs to know: Tax residency. A foreign individual’s income tax obligation in the U.S. hinges on their tax residency status—whether they are a resident alien or non-resident alien. Resident aliens are taxed

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Why You Should Be Using A Health Savings Account (HSA)

When enacted, the Affordable Care Act (ACA) eliminated most small business health plans that reimbursed individually purchased health insurance. Consequently, many small business owners chose health savings accounts (HSAs) or opted to provide no health coverage at all. As of 2022, over 35 million HSAs were active, with assets amounting to $104 billion. The Devenir

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