Virtual CFO Services 101: Costs, Benefits & Drawbacks

BY Eddy Hood IN cfo services ON Sep 6, 2018

To everything there is a season. There's a time to weep and a time to laugh, a time to mourn and a time to dance, a time to hire a CFO and a time to avoid one like the plague. Your business does need a CFO, but at the right time and with the right parameters. In this article, I'm going to cover what you need to know about virtual CFO services before you make the move.

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A Calm CEO is a Clear CEO: How to Master Your Brain

BY Eddy Hood IN inspiration ON Aug 23, 2018

Photo by Eye for Ebony on Unsplash

The success of your organization is entirely dependent on your psychology as the CEO. If your psychology is poor, your business will be poor.  In this article, we're going to explore how your brain is ultimately at the root of most successes and failures within your organization.  

One of my early clients, we won't name names, had poor psychology and his business suffered from it every day. I remember attending meetings with him and his team on a weekly basis and feeling very uncomfortable with his remarks. He would often say things like:

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ACCOUNTING VS. FINANCE: WHAT’S THE DIFFERENCE?

BY Eddy Hood IN Small Business Accounting ON Aug 21, 2018

 

As your business evolves, there will come a point in time when you need to hire an expert to help you with money management. So, who do you turn do? Should you hire an accountant or a financial planner?

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Small Business Cost Management Strategies

BY Eddy Hood IN cfo services ON Mar 13, 2018

 

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Ready to Make the Switch to CFO Services? Hire a Virtual Accounting Firm

BY Eddy Hood IN cfo services ON Mar 6, 2018

 

 

Ready to leverage the support of a CFO without the price-tag of a costly in-house executive? Then it's time to make the switch to CFO services so you can gain professional insight on how to grow your business when you need it, but at a fraction of the cost.

 

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Is it Possible to Run Your Small Business Without a CFO?

BY Eddy Hood IN cfo services ON Feb 27, 2018

Many small business owners are reluctant to hire a business advisor and we get where they’re coming from. But is it realistic to take on the role of a CFO in addition to all the other responsibilities you have as a small business owner? For some, the answer will be yes, depending on their professional backgrounds and the amount of support they have in other areas of the company.

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How Do CFO Services Help Your Small Business?

BY Eddy Hood IN cfo services ON Feb 20, 2018

 

 

Accounting services not only save valuable time, freeing you to do the tasks that you find most rewarding, but they also allow you access to a professional who can find and fix financial problems before they get out of hand.

In particular, CFO services are especially useful because they provide timely insight so that companies can make positive changes. This is not to say that a CFO can completely save a dying business. Or that you can’t succeed without one. But, what we are saying is that your business can be more successful and profitable if you have a better strategy for spending and saving your resources.

Let’s take a look at the benefits of CFO services and the guidelines for choosing a partner.

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Customizing QuickBooks Online for Your Industry

BY Eddy Hood IN Small Business Accounting ON Feb 6, 2018

 

 

 

In today’s digital economy, the ability to run your business from the palm of your hand is becoming a necessity. This may include posting to your business social media accounts, accessing your marketing tools and customer relationship management platform. Being able to access your books from any device and any location should also rank high on the list.

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13 Red Flags That Will Get Your Small Business Audited

BY Eddy Hood IN small business tax preparation ON Jan 30, 2018

 

 

A typical small business owner is deeply involved in the day-to-day operations of their company. They are concerned with things like customer service, innovation, new client acquisition, hiring, conserving resources and making money to keep the doors open. Not surprisingly, when tax season rolls around, it throws a wrench in their entire workflow.

 

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Sales Tax Considerations for e-Commerce Businesses

BY Eddy Hood IN Outsourced Accounting Services ON Jan 23, 2018

 

 

 

Annual tax time is almost here. And if you’re an e-Commerce business you’ve already got a number of legal considerations on your plate. Things like:

 

  1. What payment gateways should I use?
  2. How should I handle trademarks, patents and copyrights?
  3. Are there any shipping restrictions to get products to my customers?
  4. What are the lease requirements for holding inventory in my building?

 

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