Paycheck Protection Program round two: Many businesses seek additional funding
As the next round of the Paycheck Protection Program begins, business owners all over the country have tough decisions to make. Recently, the CFO Strategic Partners team released a survey covering business leader’s thoughts and planned actions for PPP round two. Our top takeaway from participants was that if a business qualifies, it will go […]
read moreFive things you need to know about the PPP loan forgiveness application
Nothing about the Paycheck Protection Loan program has been clear or easy to understand and the loan forgiveness application process is no exception. Our team at CFO Strategic Partners has been working intimately with close to 100 clients over the past several months to navigate the challenging dynamics of the Paycheck Protection Program (PPP). We […]
read more2020: Q4 Planning
Early in 2020, with the optimism of a new year, it was easy to dream big and establish goals for the future. But pretty quickly, you faced a global pandemic, economic unrest and launched into crisis management mode as everything changed. Now, that you’re staring down the 4th quarter it’s time to focus on what […]
read moreMore PPP funding coming—but what comes next?
Small businesses across the country have eagerly sought financial relief through the Paycheck Protection Program (PPP) passed by Congress under the CARES Act. Our team of experienced outsourced CFOs worked diligently to gather, decipher and execute the steps necessary to ensure each of our clients was able to apply in a timely manner. According to […]
read moreCOVID-19 Funding through a PPP loan—Anything but simple
Our team at CFO Strategic Partners has been working intimately with close to 100 clients the past two weeks to navigate the challenging dynamics of the Paycheck Protection Program (PPP). Our CFO consultants have helped clients in many different industries and have been interacting with many different lending institutions. Most clients were initially hopeful that […]
read moreEssential strategies for handling accounting staffing challenges
Large or small, most companies would experience turmoil if a key accounting employee were to suddenly resign, take a leave of absence or if the team did not sufficiently evolve as the company grows. We at CFO Strategic Partners call these the “3 T’s” of staffing challenges faced by many organizations: Turnover, Temporary Need and […]
read more5 Signs You Need a Part-Time CFO
It is not uncommon for growing companies to arrive at the point where they need financial expertise beyond basic accounting functions. Here are some signs that your company may be in need of a part-time CFO: 1. You lack adequate financial reporting and analysis: Financial reports should provide timely and accurate visibility into your organization’s […]
read moreNonprofit organizations can maximize impact throughout the year with strong financial leadership from CFO Strategic Partners
As a new year begins, charities and nonprofit organizations look for the most effective way to utilize and stretch vital funds received from generous supporters during the holiday season. In addition to maximizing the effectiveness of the donations already received, it is critical that the proper steps are followed to ensure additional funding is consistently […]
read moreBonus time: Like it or not, managers still largely decide who gets paid
2019 Bonus Survey shows tradition reigns, but when bonuses are paid is changing The holidays are here, and many business owners use this time of year to reward their employees’ outstanding performance for the past year with an eye toward driving that level of performance for the next year. Historically, a bonus is used for […]
read moreTime to face reality — Exit planning needs to be on your to-do list now
Exit planning needs a rebrand. Why? Exit planning sounds like something you can get around to, something you have plenty of time to consider. In fact, our recent survey on exit planning proves that. Only about half of our respondents reported having an exit strategy, and more than half think 5-10 years before planning to […]
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