P/T CFO, LLC

01/09/2020

Interesting statistic from the IRS...less than 1/2 of 1% (0.45%) of personal income tax returns were audited in fiscal 2019.

Just 0.45% of individuals were audited in 2019, following years of budget cuts.

01/03/2020

Never underestimate the importance of internal controls and independent reviews.

An Arden Hills woman has been charged with stealing $185,118 from an Oakdale company over a five-year period by allegedly overpaying her salary and transferring company funds into her personal bank…

12/31/2019

ALL THE BEST IN THE NEW YEAR FROM P/T CFO...

12/10/2019

The part-time CFO is becoming more & more common, as small business owners realize the benefit of having CFO-level services available, but don't have the budget to have their own CFO on staff.

Visit the P/T CFO website at www.cfodetroit.com or call us at 313.384.5848.

Consider, instead, a "virtual CFO," forecasting software or a part-timer.

11/11/2019

What a perfect opportunity to say "thank you" to all of our veterans today - for all they have done over the years and for what they continue to do today to defend our great nation. The USA is like no other nation before it, and it is unlikely to ever be duplicated.

After watching the new movie "Midway" yesterday - which tells the story of one of the most important battles in the Pacific during World War II - I was again reminded of the great sacrifices that have been made by so many.

As former President Ronald Reagan said in a speech on Veterans Day in 1985:

"We celebrate Veterans Day on the anniversary of the armistice that ended World War I, the armistice that began on the 11th hour of the 11th day of the 11th month.

Perhaps we can start by remembering this: that all of those who died for us and our country were, in one way or another, victims of a peace process that failed; victims of a decision to forget certain things; to forget, for instance, that the surest way to keep a peace going is to stay strong.

In memory of those who gave the last full measure of devotion, may our efforts to achieve lasting peace gain strength."

Once again, thanks to all who have served.

10/29/2019

Many of my clients say the same thing...

A business owner explains why she will use a CPA going forward after using software to do her taxes resulted in a state bill that was $4,700 too high.

10/10/2019

WHY CFOS WHO WORK PART TIME ARE SO VALUABLE

The most cost effective and productive way to use a CFO is on a part time basis. In other words, a CFO Consultant. Back in the day, Chief Financial Officers were more commonly called controllers and controllers would pay a lot of attention to monthly closings, financial statement preparation and profit planning. With today’s operating systems and more sophisticated accounting modules, CFOs can turn more of their attention to areas that are more productive to the business owner. For example, CFOs can turn their attention to business forecasting, inventory planning and reduction of risk. These aforementioned productive CFO duties and CFO services do not take full time manpower. You can even add a number of other CFO services and it still will not require a full time CFO. When you hire CFOs on a part time basis, they will not require benefits as most are of independent contractor status. These CFOs are also your CFO as long as you want to keep them. The Business Owner will not get a two week notice because they found another job. In closing CFOs who work on a part time basis are more valuable because they will tackle the most important issues in your business, and they are extremely cost effective.

10/08/2019

This sums it up for the small business owner looking for more advanced financial guidance...

Making the case for why you need a CFO to help you grow your business

10/07/2019

Once you employ the services of P/T CFO, this is what you can expect.

A part-time CFO focuses on key financial elements, rather than day-to-day details of the business.

10/06/2019

Excellent article on why hiring a part-time CFO can benefit your company!

Top ten reasons you need a Part Time CFO – presented by John Arthur (415) 990-2581 1. You are a CFO in a mid to large sized company and have so many projects that your head is spinning.