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5 Reasons Why You Need A SaaS CFO

Michigan CFO

This is when it’s time to turn to a SaaS CFO. For most SaaS businesses looking at seed or series A funding, a SaaS CFO may seem like an out-of-reach luxury. Aren’t CFOs supposed to be for big businesses? With fractional and virtual CFO services, your SaaS business can hire a CFO part time for a fraction of the cost.

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3 Financial Issues Small Businesses Face

CFO Share

At our fractional CFO firm , we believe there are three primary financial issues that small businesses face: Planning growth through uncertainty. Growth planning through uncertainty Business owners struggle to forecast new business growth due to uncertainty. Develop a cash flow management plan to improve the runway.

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Small Business CFO's: Do You Need One?

Boston Startup CFO

We had been using my Excel forecasts for years, which were outdated and did not capture and reflect all aspects of the business. Attributes of a Great CFO. I turned to a headhunter and over the next four months we canvassed many resumes and finally found an amazing CFO with the experiences we needed for our growing company.

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The 4 Keys to Building a 100% Remote Bookkeeping Practice

The CFO College

At CFO Bookkeeper, we use “VIP” to refer to “Valuable Expert, Instructor, Participant.” Valuable Expert : Becoming a valuable expert can mean expanding your accounting and tax knowledge in your niche, or adding CFO-level services, tools, and skills to serve clients in any industry.

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Create a cash flow friendly business

Creative CFP

In so doing, you will ensure that your business comfortably stays afloat during quieter times. Failing to plan for tax payments Tax planning is not always fun to discuss, but when the tax man knocks on the door, you want to be prepared and not suffer a heart attack. Monitor inventory levels carefully.

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Surviving the pandemic aftermath: an FP&A perspective

Future CFO

Forecasting will also become more challenging because COVID-19 has introduced a lot of uncertainties. The truth of the matter is that COVID-19 is exposing gaps in current financial planning across the region. A lot of FP&A depends on this type of data for forecasting. But they will face immense challenges from the onset.

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Understanding Small Business Taxes in 2021

CFO Share

If you elected to defer payroll taxes (you likely did this through your payroll software) make sure you have accounted for that tax liability before you file your 2020 income taxes, or you may end up paying too much. Also be sure your forecast includes a 50% lump-sum repayment in December of this year.