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The average CFO in America makes over $200,000 per year. Luckily, a “fractional CFO” is becoming a popular trend, which means that you can pay a fraction of the cost. So what does a fractional CFO actually do? A CFO is in charge of financial development and growth strategy, as well as managing IT and … Continue reading What is a fractional CFO?
On October 18, the IRS announced adjustments to tax brackets to fight rapid inflation. 60 tax provisions will be updated to counter those rising costs, including standard deductions for single and married filers, the IRS said. For married couples this will increase to $27,700, and for single filers, it will be $13,850. Heads of household … Continue reading IRS Adjusts Tax Brackets and Raises Standard Deductions
On October 11, the Treasury announced eleven additional states to receive up to $1 billion from the U.S. Treasury Department to promote small business growth and entrepreneurship through the American Rescue Plan. These states are Alaska, Idaho, Iowa, Massachusetts, Minnesota, Missouri, Nebraska, Nevada, New Mexico, Ohio, and Utah. The Secretary of the Treasury said, “This … Continue reading Treasury Announces Plan to Boost Small Businesses in Several States