A business owner recently told us: "I get financial reports every month, but honestly, I don't know what I should be looking at." The truth is, most business owners don't need to understand every line of a financial statement. Focusing on three key numbers can provide valuable insight into the health and direction of a business.

A business owner recently asked us: "We had our best year ever. So why is there never any cash in the bank?" The answer highlights one of the most important financial concepts every business owner should understand: profit and cash are not the same thing.

The One Big Beautiful Bill is going to have an impact on how tax planning is approached and on the results of your upcoming tax return. Here’s what you need to know about some of the changes to itemized deductions.

Your choice in entity structure can have major tax implications. FXBG Accounting & Advisory helps small business owners navigate the pros and cons to make the best choice for their goals.

At FXBG Accounting & Advisory, we provide ongoing strategic support to uncover tax-saving opportunities early and help you make informed decisions – long before April rolls around.

After 20 years of serving the Fredericksburg community as Foltz & Associates, the local accounting firm has rebranded to FXBG Accounting & Advisory effective July 1, 2024.