What Should Your CFO or Controller Know About Taxes?
Taxes are an important part of managing a business, but tax responsibilities do not belong to one person or department. A business may have a bookkeeper, accountant, controller, CFO, and outside tax professional—all with different responsibilities. While a CFO or...
How Do You Know If Your CFO or Controller Is Doing a Good Job?
For many business owners, evaluating a CFO or controller can be difficult. You may know that both roles are responsible for important aspects of your company’s financial management, but their responsibilities are not identical. A controller generally focuses on the...
How CEOs Use Financial Forecasting to Make Better Decisions
Successful CEOs don’t make important business decisions based only on what happened last month or last year. They look ahead. Should we hire more employees? Can we afford to expand? Is cash flow strong enough to invest in growth? Should...
How to Reduce Risk Before Selling Your Business: 8 Steps to Maximize Value
Reducing risk before selling your business is one of the most important steps you can take to maximize your company’s value and improve the likelihood of a successful transaction. Many business owners focus primarily on increasing revenue and profitability before...
How to Build a 13-Week Cash Flow Forecast: Full Guide
Many business owners know how much cash they have today, but far fewer know how much they’ll have 30, 60, or 90 days from now. That’s where a 13-week cash flow forecast becomes invaluable. Unlike an annual budget or historical...
Preparing a Business for Sale: 8 Ways a Fractional CFO Can Increase Your Sale Price
Preparing a business for sale involves much more than deciding when to list your company. The businesses that command the highest valuations are typically those that begin planning years in advance. By working with a fractional CFO before going to...
The Dangers of Financial Statement Errors
The Dangers of Wrong Financial Statements: How Financial Statement Errors Can Hurt Your Business Most business owners assume their financial statements are accurate. After all, if the numbers come from accounting software, they must be correct—right? Unfortunately, that’s not always...
Business Cash Reserves: How Much Cash to Keep in the Bank
How Much Cash Should My Business Keep in the Bank? One of the most common questions business owners ask is how much cash they keep in their bank account. The answer isn’t as simple as a specific dollar amount or...
Owner Distributions vs Leaving Cash in the Business?
Should I Take an Owner Distribution or Leave Cash in the Business? One of the most common questions business owners ask is: “Should I take money out of my business, or should I leave it in the company?” The answer...
How Much Should You Set Aside for Estimated Tax Payments?
How Much Should You Set Aside for Business Taxes? One of the most common questions business owners ask is: “How much should I set aside for taxes?” It’s a simple question, but the answer depends on several factors—including your business...