Huddleston Tax CPAs offers CFO services for startups and small businesses in the PNW. Our dedicated accountants can work with you and guide your business to success. We can provide detailed financial reporting, forecasting, and a variety of tax services.
An in-house CFO can range from $200k-$500k/year. It’s an essential part of business and a costly one when you’re starting out and looking to grow. As a result, Huddleston Tax CPAs offers CFO services for small businesses to ensure your company’s finances are well-documented and looked at as closely as your own bank account.
Services offered by a CFO
A CFO will handle all the financial aspects of an organization, such as keeping the records, forecasting, and business health. They will also be charged with creating financial plans, which they can update periodically to show the company’s current financial status.
2. Accounting and Auditing
A CFO will help with accounting, tax planning and auditing. If they notice anything odd or questionable, they can ask the organization to provide them with all the needed documents.
3. Executive Search
The CFO can also be trusted to find the right employees for your company’s organization. They may ask for resumes, interview candidates, or compile a list of possible candidates that could fit your organization’s job description and make sure the candidate is a good fit and cost effective.
Benefits of outsourcing your CFO to a private firm.
Utilizing Huddleston Tax CPAs to provide those services ensures you’re only paying for hours and outcomes, not the person doing the work. Hiring an employee, covering their insurance, paying out their vacation and sick leave can be difficult when you’re just starting out and yet, you need to know your company’s financial strength inside and out. By outsourcing, you don’t need to pay for an in-house employee.
When you outsource your CFO, it is easier for them to finish the work. In the case of Huddleston Tax CPAs, you have a network of capable and qualified accountants who can assist. Rather than one person, you have a team to handle the role enabling them to do more work, faster.
Last, there’s an advantage to having an outsourced CFO in that they can be objective. Many entrepreneurs start by reaching out to their most trusted confidants and former co-workers. The challenge is when the company isn’t hitting the benchmarks it needs to and if there are people who can fill the role better. Having an objective third-party strictly look at financials and forecasts can help you make the decisions you need to for your company.
A CFO is vital in an organization because they can help you save money and figure out the best way to grow your business.