Heated debate ahead on tax reform proposals
President Obama recently said that he wants a tax reform/deficit
reduction package by August and lawmakers have many proposals to
consider. The President has introduced a $3.77 trillion budget for
...
Using your 2012 tax-year return to plan for the future
Did you owe tax on your 2012 tax return? Did you receive a sizeable
refund? Or, conversely, did you receive a smaller refund than you
expected? If so, take another look at your tax return from this...
The new 3.8 percent net investment tax continues to challenge
Questions over the operation of the new 3.8 percent Medicare tax on
net investment income (the NII Tax) continue to be placed on the
IRS's doorstep as it tries to better explain the operation of th...
How do I? Compute the small business health insurance credit
Under the Patient Protection and Affordable Care Act (PPACA), small
employers can claim a credit for providing health insurance for
employees and their families. Health insurance includes not only
...
FAQ: What is "cost of goods sold"?
A business that manufactures products to be sold, or purchases
products for resale, must value its product inventory at the
beginning and the end of each tax year to determine the cost of
goods sol...
May 2013 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important tax reporting and filing data for individu...
Reap the full benefit of business advertising costs
Money spent to sell your company's product or service, or to
develop goodwill in the community, can be deducted from business
income. Advertising costs, like other ordinary and necessary
business expe...
Keep an 'arms length' when transacting with family members
Although the old adage warns against doing business with friends or
relatives, many of us do, especially where personal or real
property is involved. While the IRS generally takes a very
discernin...
How Do I?... Compute financial ratios
How quickly could you convert your assets to cash if necessary? Do
you have a quantitative way to evaluate management's effectiveness?
Knowing your business' key financial ratios can provide valu...
Beware of complicated tax rules for certain stock options
Stock options have become a common part of many compensation and
benefits packages. Even small businesses have jumped on the
bandwagon and now provide a perk previously confined to the
executive su...
Handling losses due to a business downturn
All of us will, at one time or another, incur financial losses -
whether insubstantial or quite significant -- in our business and
personal lives. When business fortunes head South -- either
tempor...
Managing your business' cash flow
While one of the most important keys to financial success of any
business is its ability to properly manage its cash flow, few
businesses devote adequate attention to this process. By
continually ...
Bookkeeping 101: Getting started
Starting your own small business can be hectic - yet fun and
personally fulfilling. As you work towards opening the doors, don't
let the onerous task of keeping the books rain on your parade. With
...
Control your company's travel expenses
As a business owner, you may dread reviewing the travel expense
reports from your employees returning from business trips. Airfare,
hotel and other costs for even a short trip can add up quickly. ...
Your business' bottom line: Trim costs, not people
When your business' bottom line is not as healthy as it should be,
laying people off eventually may become your only option. However,
before you cut people from your business, consider implementing...
Internal controls and the small business owner
As you open the doors of your new business, the last thing on your
mind may be the potential for loss of profits through employee
oversight or theft - especially if you are the only employee.
Howev...
Take steps to protect your computer data
The rise of paperless processing and remote access to computer
systems has made increased computer security imperative.
Establishing an effective password system can help keep your data
secure whil...
Recordkeeping Basics: Business Taxpayers
Maintaining good financial records is an important, but often
neglected, part of running a successful business. Not only will
good records help you identify strengths and weaknesses in your
busines...
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CFO Oncall is the choice for high quality accounting and consulting services. We are dedicated to providing outsourced chief financials officer and controller services to our clients, providing all aspect of financial reporting from bookkeeping to SEC reporting.
We've designed this Website for you as a "one-stop shop" for many of your immediate financial questions and concerns. Our Website features the following pages, developed to keep you up-to-date and informed:
WHO WE ARE - Visit this page to learn more about CFO Oncall's history, personnel & mission statement.
WHAT WE DO - Find out more about the wide range of unique services we offer and our various areas of expertise. Additionally, on this page our clients can log in to access and download their important files and information anytime, from anywhere.
NEWSLETTER - Our online client newsletter is updated constantly and is an easy way to keep current on tax and financial matters.
FINANCIAL TOOLS - To refinance or not refinance? When can I retire? How much can I afford? These are just a few of the many questions that can be addressed with our helpful interactive financial calculators & tools.
INFO CENTER - Check out this page to view and print IRS approved tax forms, IRS publications, a tax organizer to assist you in gathering your tax information, or check out tax return due dates on our events calendar.
LINKS - There are a lot of great Websites out there - if you can find them! Use this page to Link to some useful sites that we've found and to check out a few of our clients.
