Top 5 Tax Strategies for Year End

Top 5 Tax Strategies for Year End  Consider Deferring Income Depending on this year’s margins and profits, some Owners opt to defer income to the following year. Situational circumstances dictate when this strategy should be implemented. Tax brackets, for example, could impact this decision.   2017 Budgets and Forecasts This is a critical time to […]

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Budgeting and Forecasting Part 2: The CEO’s role in the budgeting process

Building your Backwards Budget  Next, work that bottom line figure backwards.  By factoring in capital expenditures or additional investments the CEO wants to make, we derive at net income for the upcoming year.  We then factor in fixed costs/overhead costs to come up with the gross profit margin needed, to achieve this bottom line. Finally, […]

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Budgeting and Forecasting Part 1: The CEO’s role in the budgeting process

Backwards Budgeting. Begin with the End in Mind. As a speaker and facilitator to CEO groups, I’m always baffled by the response I get when I ask CEO’s about budgeting and forecasting.  In a room full of well respected CEO’s, typically only 10% of them raise their hands that they have a budgeting process for […]

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Avoiding a Black Eye as a NonProfit

When operating a nonprofit organization, one quickly learns that handling money wisely, is paramount. Even the smallest misstep can result in an embarrassing situation for the Board of Directors. CEO, and entire organization, particularly on a slow news day.  We hope this will help in avoiding a black eye when running a nonprofit.   In the nonprofit world, the […]

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Historical Financial Reporting vs. Future Financial Reporting

Did you know that financial reporting is necessary for business owners and it is highly recommended that you implement such reports on a regular basis. As a business owner, you should take the opportunity to learn as much as you can on finance to not end up like most failed businesses. There are many reasons […]

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The Success of Your Merger Could Depend on a CFO

Mergers and acquisitions are a way to grow your business and increase your company’s value. They are, however, complicated processes that begin well before and extend long beyond the close of the deal. If your company is considering a merger or acquisition, you may want to retain the services of an outsourced chief financial officer […]

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What services are offered by an outsourced CFO?

As businesses grow, owners find themselves having to make more financial decisions, analyze more financial data, and answer more and more complicated financial questions. It’s rare to find the level of financial expertise that these actions require already available inside a small- or even medium-sized business. Still, these questions must be answered and these decisions […]

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CFO outsourcing leads to strategic success

Small- and mid-market businesses often face financial and accounting challenges that are outside their core businesses. Sudden increases in expenses, fluctuations in cash flow, lack of internal resources – these are the kinds of problems that a professional Chief Financial Officer (CFO) can help anticipate and manage. That kind of expertise comes with a price, […]

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Rewarding Key Employees

As an outsourced CFO with our clients, many CEO’s have been asking us how to promote longevity and retention in key employees?  When you have employees that have been with the company for a decade or more and have contributed to the growth of the company, how do you encourage them to stay long term? […]

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Attributes To Consider When Hiring a CFO

More and more companies are outsourcing their financial and accounting functions. In fact, the Everest Research Group reports that the finance and accounting outsourcing market grew by 11% in 2012. Outsourcing a role such as chief financial officer (CFO) offers companies of all sizes the support of an experienced financial professional without the expense of […]

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