by Team FBPCPA | Jul 5, 2022 | Business Insights
Inflation is defined as a sustained increase in the general price level of goods and services in an economy. There are a number of ways to measure inflation, but the most common is the Consumer Price Index (CPI). The CPI is a measure of the average change in prices... 
by Team FBPCPA | Oct 22, 2021 | Business Insights, Business Planning, Business Resources
Fractional CFO, Part-Time CFO, Virtual CFO: What They Are and When You Need One There are many terms bandied about when it comes to the position and outsourcing of a Chief Financial Officer (CFO). It is easiest to start understanding these terms by getting a firm... 
by Team FBPCPA | Oct 8, 2021 | Business Insights, Business Planning, Business Resources
Start Budgeting for 2022 Now If the last two years have taught us anything, it is that nothing is certain. However, that doesn’t mean we should not plan. In fact, planning and budgeting is more crucial than ever. We can take lessons learned from upheaval and... 
by Team FBPCPA | Sep 24, 2021 | Business Insights, Business Planning, Personal Financial Insights, Taxes
Common Mistakes When Providing Information to Your Tax Preparer Missing information, incorrect information or partial information can lead to delayed tax filing and delayed refunds. Below is a list of the most common mistakes we see when individuals and... 
by Team FBPCPA | Sep 10, 2021 | Business Insights, Business Planning, Personal Financial Insights, Taxes
Cryptocurrency and Your Taxes 2021 has been the year of cryptocurrency, in terms of news as well as new holders. More businesses are accepting various coins for transactions, and this is expected to increase through the rest of 2021 and beyond as sites such as... 
by Team FBPCPA | Aug 23, 2021 | Business Insights, Business Planning, Taxes
Child Tax Credits Advances and Your 2021 Taxes The IRS began distributing advances on taxpayers’ Child Tax Credits on July 15, 2021, as part of the American Rescue Plan passed in March. Taxpayers have the option of opting out of the advance payments. If you have not...