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TFO Blog

Accounting, Sales, Taxation and Advice

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It’s an Accrual World…or is it?

Cash or accrual? Accrual or cash? Which approach should I take? Huh? Yeah, we’re talking about accounting approaches…again.  But that’s ok.  It’s our business.  And it should be yours, too. Sure, you’re the business owner, founder, inventor, chief creator or...

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I’ll get to that…tomorrow…maybe

“Procrastination is opportunity’s assassin.” – Victor Kiam “Procrastination is like a credit card: it’s a lot of fun until you get the bill.” – Christopher Parker “Procrastination is one of the most common and deadliest diseases and its toll on...

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Goal!!!!!!!!!!!!!

They are simple things, really.  Looking ahead for the future of your business. Sounds dry and boring, right? Nope! You have to look at setting goals for your business with the same enthusiasm as that soccer (futbol) announcer from a...

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The Taxman Cometh

The Beatles sang about them. Ben Franklin talked about their certainty alongside death. Regardless about how you feel about taxes, their legality, purpose or place in our culture, you do have to pay them. Make no mistake about it, you...

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Graduation Day

There are milestones in every life and relationship—first meeting, marriage, births, graduation day.  And with each milestone comes a change.  Sometimes they are difficult partings, others joyful. The same goes for business relationships. As a fractional CFO and controller, I...

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Is Your Company Suffering from Many Hat Syndrome?

In small business, many times employees have to wear many hats and do multiple jobs.  Sometimes things that weren’t in their original job descriptions. Oh, the old “and-other-duties-as-assigned” schtick.  I see. What happens, however, when you ask your administrative assistant...

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Could I Get an Interpreter Here?

Do you ever feel like you’ve been to a foreign country when you leave your CPA’s office? I mean, really, they seem to speak in an altogether different language. It’s like you need an English-to-CPA dictionary. Or at least a...

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What’s Mine is Mine and What’s Yours is Mine

OPM. Other people’s money. In the world of investments that’s usually how an enterprise gets funded.  The days of banks being the leading (or only) source for loans and funds for investing have been waning for quite some time. Have...

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Welcome to the Hotel Cali-Texas…

Out of sight, out of mind, right? Used to be, the boss could call an all-hands meeting in the company cafeteria and look everyone in the eye and interact. Well, in the age of COVID, having off-site employees might mean...

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Demystifying that Five-Letter Word: “Audit”

The very utterance of the word makes even seasoned businesspeople cringe and cower in fear. “Audit? Why do we need to do an audit?” OK, before you go into hiding and crawl into the fetal position in a corner, let’s...

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“First you take two from four…”*

We all know two times two is four.  Is there ever a time when it isn’t? Maybe when you’re selling online? If you think business is business is business, look again.  Brick-and-mortar businesses operate differently than online, virtual stores or...

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When You Need The Whole Pie But Can Only Afford A Single Slice

“I can’t afford it,” are some very dreaded words.  But we aren’t talking about a new car or special outfit here, or even a gourmet pie.  This is about your company’s finances. What do you do when you can’t afford...

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