Fri Apr 29, 2022 | Alan Lefkowitz | Accounting
Running a small business entails encountering financial challenges that must be addressed at some point. Often, these challenges are common and easy to overcome. However, some of these challenges are more difficult to handle. A few of the most common financial issues small businesses face are as follows:
Read MoreFri Apr 29, 2022 | Alan Lefkowitz | CFO Services
What are CFO responsibilities in any organization? While it might generally lean towards the financial side of things, their exact position can differ depending on various factors. These factors can spawn from multiple items, such as the board of directors’ expectations or even the CEO, or they can also lie in the business goals.
Read MoreMon Apr 18, 2022 | Alan Lefkowitz | CFO Services
Why hire a CFO? Many organizations choose to implement a chief financial officer to aid in crucial financial decision-making, cash flow management, and strategic planning. The CFO has shifted from being strictly a cash flow manager to a higher level of accountability for how that cash is allocated. The role of a CFO has evolved quite a lot and is even seen as a necessary function in every company today, even small businesses. Let’s look at what a CFO does in a nutshell and why they’re essential to any organization. So why hire a CFO? Here are a few reasons why:
Read MoreMon Feb 21, 2022 | Alan Lefkowitz | Accounting, Business, Virtual Accounting Services
Finding the right company to handle your business accounting services should be a significant concern if you own a small business. Remember that tax season is not the only time you need to track your finances.
Read MoreMon Feb 21, 2022 | Alan Lefkowitz | CFO Services, Law Firm Accounting
Finding the right accounting services for your law firm is critical in today’s legal arena. Law firms are still dealing with the fallout from COVID-19, so financial management is a challenge. Many lawyers are finding they have less and less time to spend on bookkeeping tasks, even though a law office is a business and must make a profit to survive.
Read MoreWed Dec 1, 2021 | Alan Lefkowitz | CFO Services, Financial Controller Services
Growing businesses may need more than just a bookkeeper or a team of entry-level accountants that process the day-to-day transactions. For companies looking to reach financial milestones or take the business to the next level, it may be time to consider hiring a chief financial officer (CFO) or a controller.
Read MoreFri Nov 12, 2021 | Alan Lefkowitz | Accounting, Business, CFO Services
If your company needs top-level financial skills, try hiring a fractional CFO. This expert can increase your small or growing business’s financial health. They also can save you money because you will not have to pay them a full-time salary, bonuses, and benefits.
Read MoreSun Oct 10, 2021 | Alan Lefkowitz | Business, Cannabis, Small Business
Experts believe that marijuana sales will total $160 billion in annual revenue in the United States by 2025. Even from 2020 to 2021, sales increased by 30%, putting the industry on a significant upward trajectory. With figures like this, it’s only natural to wonder whether you have the knowledge and ability to build a successful cannabis company. However, in such a saturated market, having a cannabis business plan might mean the difference between a successful company and one that fails to stand out.
Read MoreThu Jul 29, 2021 | Alan Lefkowitz | Accounting, Financial Reporting
Do you own a small business? If so, hiring an accountant is key to truly understanding your business’s financial health. Historically, many businesses hired bookkeepers and accountants from several firms, outsourcing some and keeping some in-house. While hiring accountants through various firms worked for companies in the past, this method has since become outdated, expensive, and inefficient to own a business’s finances in order.
Read MoreWed Jul 28, 2021 | Alan Lefkowitz | Business, CFO Services
Accounting is one of the most important aspects of running a business. Working with a part-time bookkeeper is enough for many companies to stay on top of their financial situation, gather insights from financial reports, and make changes to optimize profits.
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