CFO Strategic Partners adds two new team members
CFO Strategic Partners is proud to announce it has added two new members to its team. Together, CFO Tim Hudson, CPA, and CFO Jim Adkinson, CPA, bring over 40 years of combined experience. Tim is based in Tampa and will help CFO Strategic Partners with existing clients and expanding services to Tampa Bay. He brings […]
read moreCFO Strategic Partners announces Tampa expansion
Outsource firm adds team to be closer to clients in market CFO Strategic Partners (CFOSP) is proud to announce it has added to its Tampa services with a full-time CFO, who has deep roots in the Bay area. For two decades, CFO Strategic Partners has served Central Florida, helping middle-market sized organizations meet their goals […]
read moreWhat would you do if your CFO was gone tomorrow?
What if your CFO walked into your office and announced, “I’m leaving tomorrow for another job.”? Or what if they suffered a totally disabling injury or otherwise had to leave the company immediately? Your first reaction would be sadness, likely followed by feeling like you had just been punched in the stomach. Your CFO is […]
read moreNew Year, New Opportunity
As the year comes to a close, many people reflect on where they are in their careers and personal lives. If you find yourself contemplating a change, please consider the following: At CFO Strategic Partners, we are dedicated to enriching lives – the lives of our clients and those of our team. Our culture is […]
read moreTop 5 for Every CEO to Prevent Fraud Now
5 Things Every CEO Should Do Immediately, to Help Prevent Fraud Most CEO’s that have never fell victim to fraud in their organizations tend to believe it “just can’t happen to me”. We tend to be trusting of employees that handle our finances because 1) we need things off our plate and this is […]
read moreTop 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 […]
read moreBudgeting 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, […]
read moreBudgeting 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 […]
read moreAvoiding 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 […]
read more