article thumbnail

Small Business CFO's: Do You Need One?

Boston Startup CFO

The auditors uncovered a horrific mistake that the previous accountant didn’t catch: We were accounting for our revenue completely wrong (non-GAAP) and we had to re-state our financials, something you never want to do in your business. Attributes of a Great CFO. Do You Need a CFO? Look at Groupon!).

CFO 52
article thumbnail

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.

CFO 52
article thumbnail

Strategic Finance Focus at Year-End

VCFO

Tax Planning is Beneficial and Essential A wise person once said that failing to plan is planning to fail. This is certainly true in the area of taxation, where there are often opportunities to legally minimize or defer the timing of tax payments and to claim income tax credits.

Finance 91