Hiring a full time CFO (Chief Financial Officer) is an expensive proposition that your business may not be able to afford. Annual costs of a qualified CFO start from $60,000 and go up to $100,000. If your business is growing but is not in a position where you cannot have a full time CFO but you do require an expert financial advice from time to time. We can provide you this assistance with a fraction of the cost. Having Chief Financial Officer on rolls helps you in many ways, some of those can be:
- You can have more time to focus on your services.
- You can have better understanding of the financial side of your business with the help of CFO.
- Training for your existing accounting staff.
- Access to accurate and timely financial information.
- Better decisions can be made if you have clear picture of your finances.
- Liaison with banks and other stakeholders such as Canada Revenue Agency, Workers Compensation Board and others.
- Better budgeting and implementation of the same. Reviewing the budget performance entire year around.
- Tax savings and planning.
- Assistance for obtaining bank financing to expand existing projects or to start new ones.
- Analysis for new equipment purchases and obtaining financing for the same if required.