Insights | Toro CPA & AssociatesNotes on tax, accounting, payroll and running a business, from the team at Toro CPA & Associates.https://www.torocpa.com/en-usThree questions to answer before you hire a fractional CFOhttps://www.torocpa.com/insights/before-you-hire-a-fractional-cfo/https://www.torocpa.com/insights/before-you-hire-a-fractional-cfo/Fractional CFO engagements fail for predictable reasons, and most of them are visible before the engagement starts.Thu, 09 Jul 2026 00:00:00 GMTAdvisoryReasonable compensation is where most S-corp savings go wronghttps://www.torocpa.com/insights/reasonable-compensation-s-corp/https://www.torocpa.com/insights/reasonable-compensation-s-corp/The S-corp election saves real money on self-employment tax. It also creates an obligation that owners routinely underestimate, and the IRS has been willing to unwind aggressive positions.Thu, 18 Jun 2026 00:00:00 GMTTaxYou may already owe sales tax in states you have never visitedhttps://www.torocpa.com/insights/sales-tax-nexus-after-wayfair/https://www.torocpa.com/insights/sales-tax-nexus-after-wayfair/Economic nexus means a filing obligation can be triggered by sales volume alone. Most businesses that have crossed a threshold do not know they have.Thu, 07 May 2026 00:00:00 GMTTaxWhat a real month-end close looks likehttps://www.torocpa.com/insights/what-a-real-month-end-close-looks-like/https://www.torocpa.com/insights/what-a-real-month-end-close-looks-like/Most small businesses do not close their books so much as stop touching them. The difference shows up in every decision made from the resulting numbers.Wed, 22 Apr 2026 00:00:00 GMTAccounting