Part Time CFO
For struggling businesses and organizations, the outside help of a professional and well-experienced CFO will help boost efficiency.
Stay Away From Accounting Mistakes
When running a business, the slightest mistake can mean thousands, even millions, of dollars wasted. And for start-up businesses, you don’t have the luxury of losing money; every investment must be maximized with income returns. Even big businesses would hate losing money over some mistake that could be totally avoided with a little help from experts.
So many businesses have had to learn the ropes of running a successful business the hard way. Here is a very common testimony of how bad financial management can cost your business big bucks and how an expert CFO can prove very helpful.
A Docor's Biggest Mistake
Doctor X learned a very important business lesson the hard way. At the end of the fiscal year, just when business owners are expected to make income assessments, Dr. X was shocked to find out how little to no income his clinic made that entire year.
It was unbelievable how he could have closed the fiscal year in debt with almost no earnings at all. And no matter how hard he tried to reconcile his finances, he could not find a valid explanation.
Accounting and finance are the two most critical areas of your business. Let’s face it, you decided to run a business to earn money and make as much profit as possible. The best business scenario is to get 100% of your investment back, or even more. Business developers try their hardest to get a smooth process up and running, from staffing to business processes and financial management; all these work hand in hand to ensure that the entire business runs as planned and gets the expected income necessary to stay afloat.
After long and difficult hours of going over financial reports, not to mention having lost thousands, Dr. X decided to finally seek the help of an expert. It was only then that he found out he had made huge errors on his income taxes, payroll taxes, and even business taxes over the past several years.
This could be the worst mistake any business can commit: paying more than necessary instead of gaining the needed income to run the business. Many companies suffer from this problem because they opt to save a few hundred dollars on getting expert assistance and instead do it on their own.
In the long run, Dr. X ended up losing thousands of dollars in accounting errors and financial planning mistakes.
Hiring an Expert Part Time CFO
Before you make a huge mistake that may cost you your entire business, consider hiring an expert to help out. The few hundred you will pay will prove to be the best investment you will ever make for your business.
Simon Sabir will work hand-in-hand with your business to ensure you do not make costly mistakes. If you have an in-house accountant and financial team working on your business, Simon Sabir will have an expert CPA visit your office every month to check on your accounting system and make financial reports and statements for the company. You will be surprised at how little you actually have to pay in taxes and how much savings you can make.
The CPA from Simon Sabir is highly trained in the field, with extensive experience and knowledge from various clients; all these will be shared with your company. Don’t wait until the end of the fiscal year before you spot errors that could be irreversible and very costly. With expert assistance and advice from Simon Sabir, you will be able to manage your accounting smoothly each and every month.
Every business is an investment, so you need to be willing to make investments on outsourcing services to help your business grow.
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Adress
55 6th Road suite 07
Woburn, MA 01801
simon@simonsabircpa.com
Call or Text
(781) 477- 4272
Fax
888-508-6019
800-708-7519
Hours
Mon-Thu: 10am – 4pm
Sat-Sun: Closed